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BTD 10
As Of 05/07/96

International Paper
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General Motors
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Chevron Corp
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Minnesota Mining & Mfg
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General Electric
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Du Pont de Nemours & Co.
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Exxon
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J.P. Morgan
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Texaco
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Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Tuesday, May 7, 1996
by Robert Sheard

LEXINGTON, Ky. (May 7): Chevron held its annual stockholders meeting today. Here are some of the highlights:

---In response to recent criticism of the oil companies for "price gouging" on gasoline prices, Chairman and CEO Ken Derr defended the companies, calling the complaints a "fundamental misconception." Kerr believes "four separate, but understandable, events ... came together and sent prices up -- the combination of short supply and increased demand, higher crude oil prices, higher manufacturing costs and higher taxes."

---Stockholders elected 10 incumbent directors for one-year terms and voted to retain Price Waterhouse as the company's independent auditor.

---By an overwhelming margin, stockholders voted against a proposal to develop country investment guidelines tied to social issues.

---Stockholders also voted against a proposal to limit annual and cumulative retirement pay, accepting the opinion of the Board of Directors that such a limit would act as an arbitrary ceiling with harmful consequences on the company's compensation package needed to attract high-quality employees.

---A proposal to pay the non-employee members of the Board of Directors exclusively in common stock was also rejected by stockholders, leaving in place a compensation package that includes a variety of different forms of payment.

---Stockholders, agreeing with the company's philosophy of not interfering in host-country internal matters, also voted against a proposal that would require Chevron to report on operating risk in Nigeria and influence the Nigerian government's relations with Nigerian political activists.

---And finally, Chevron announced plans to spend $5.3 billion this year on capital and exploratory projects, up 10 percent from 1995. Chevron has earmarked $3 billion for worldwide exploration and production projects with 65 percent going toward overseas venture, up 10 percent from last year. "We also feel that there are excellent prospects in the U.S. and we plan to increase U.S. exploration and production spending by about 20 percent to more than $1 billion," CEO Ken Derr said.

As for other Foolish Four news, Kodak bounced back ever-so-slightly from yesterday's sharp drop, the only Foolish Four stock to buck the downward trend of the Dow today. Another lousy Dow day. Oof!!

Transmitted: 5/7/96

The 30
Dow Stocks
Allied Signal
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Alcoa
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American Express
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AT&T
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>
Bethlehem Steel
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Boeing
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Caterpillar
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Chevron
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Coca-Cola
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") end if %>
Disney
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DIS)") else Response.Write("(NYSE:DIS)") end if %>
DuPont
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>
Eastman Kodak
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %>
Exxon
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General Electric
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GE)") else Response.Write("(NYSE:GE)") end if %>
General Motors
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Goodyear
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GT)") else Response.Write("(NYSE:GT)") end if %>
IBM
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IBM)") else Response.Write("(NYSE:IBM)") end if %>
International Paper
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>
McDonald's
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Merck
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3M
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JP Morgan
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JP)") else Response.Write("(NYSE:JP)") end if %>
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>
Proctor & Gamble
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:PG)") else Response.Write("(NYSE:PG)") end if %>
Sears
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:S)") else Response.Write("(NYSE:S)") end if %>
Texaco
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %>
Union Carbide
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United Tech
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UTX)") else Response.Write("(NYSE:UTX)") end if %>
Westinghouse
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Woolworth
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:Z)") else Response.Write("(NYSE:Z)") end if %>

Today's Dow Numbers
THE FOOLISH FOUR MODEL (5/7/96)  



           Day    Week   Quarter  Year   History

Fool-4   -1.19%  -1.99%  -1.43%   6.32%   6.32%

DJIA     -0.79%  -1.04%  -2.97%   5.94%   5.94%

S&P 500  -0.40%  -0.53%  -1.12%   3.63%   3.63%

NASDAQ   -0.30%  -0.16%   7.38%  12.41%  12.41%





Rec'd    #   Security  In At   Now   Change



1/2/96  142  DuPont    69.88  77.25  10.55%

1/2/96  148  E. Kodak  67.00  73.88  10.26%

1/2/96  380  Chevron   52.38  55.13   5.25%

1/2/96  149  3M        66.38  64.63  -2.64%



Rec'd    #   Security       Cost       Value     Change



1/2/96  142  DuPont      $9,922.25  $10,969.50  $1,047.25      

1/2/96  148  E. Kodak    $9,916.00  $10,933.50  $1,017.50      

1/2/96  380  Chevron    $19,902.50  $20,947.50  $1,045.00      

1/2/96  149  3M          $9,889.88   $9,629.13   $(260.75)    



      CASH        $682.44       

      TOTAL    $53,162.07         







Transmitted: 5/7/96

      
      

      
      

       

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