The Dow Approach - Tuesday, August 20, 1996

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BTD 10
As Of 08/23/96

#1
International Paper
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#2
General Motors
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>

#3
AT&T
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>

#4
Chevron Corp
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>

#5
Minnesota Mining & Mfg
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>

#6
Exxon
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>

#7
Du Pont de Nemours & Co.
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

#8
Texaco
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %>

#9
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

#10
J.P. Morgan
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>

***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Friday, August 23, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (August 23): It wasn't a pretty day for the Foolish Four model portfolio today, but not anything to get worked into a state about either. All five of our stocks took it on the chin, with 3M and DuPont leading the charge down the slope.

There's been some confusion recently about the Fool Portfolio's Dow-Stock update and this portfolio, so let me take this opportunity to make the distinction. The Fool Portfolio is a real-money portfolio, managed by David and Tom Gardner, of which roughly 30% is in the Dow Approach. The Gardners began their portfolio in August of 1994, so their Dow stocks are updated every August.

The Foolish Four portfolio is strictly a paper model designed to let readers follow the approach in isolation. And it began on January 2, 1996. The stocks, therefore, are going to be different from the ones held in the Fool Portfolio because of changes in the rankings that occur throughout the eight months between the Foolish Four anniversary and the Fool Portfolio anniversary. The approach is the same; it's still the low-priced stocks from among the top yielders in the Dow Industrials, but the starting dates are eight months apart. Hope that clears up any confusion.

Have a Foolish weekend, everyone!

Transmitted: 8/23/96

High Yield 10

Today's Dow Numbers

THE FOOLISH FOUR MODEL (8/23/96)

Day Week Quarter Year History

Fool-4 -0.85% 0.40% 1.06% 14.25% 14.25%

DJIA -0.18% 0.59% 1.20% 11.84% 11.84%

S&P 500 -0.54% 0.27% -0.54% 8.30% 8.30%

NASDAQ -0.08% 0.83% -3.54% 8.64% 8.64%

Bought # Stock In At Now Change

1/2/96 142 DuPont 69.88 82.38 17.89%

1/2/96 380 Chevron 52.38 59.88 14.32%

1/2/96 148 E. Kodak 67.00 74.75 11.57%

1/2/96 149 3M 63.76 66.00 3.51%

7/16/96 14 Imation 26.16 22.50 -13.98%

Bought # Stock Cost Value Change

1/2/96 142 DuPont $9,922.25 $11,697.25 $1,775.00

1/2/96 380 Chevron $19,902.50 $22,752.50 $2,850.00

1/2/96 148 E. Kodak $9,916.00 $11,063.00 $1,147.00

1/2/96 149 3M $9,500.09 $9,834.00 $333.91

7/16/96 14 Imation $366.21 $315.00 $(51.21)

CASH $1,465.30

TOTAL $57,127.05

Transmitted: 8/23/96

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