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BTD 10
As Of 08/29/96

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

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

#10
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
Thursday, August 29, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (August 29): No other way to put it, the market took a whuppin' today. All three indices lost a bit of ground, but does anyone really know why? Some will tell you it's nervousness about long-term interest rates climbing back over 7%. Others will tell you it's because inflation is an ever-present danger. Others will tell you that on the last Thursday of August, if the Democratic National Convention is being held in Chicago and their party's candidate is the incumbent, the market always takes a hit.

Who knows why the market dropped some 90 points today and then closed down about 65? And for us Fools, frankly, it doesn't matter much. It's one day among the thousands in our investing careers. Kind of a nice day not to be watching the ticker float by, though, wasn't it? Since I've forced myself to stop watching the daily price machine, it's amazing at how much more calmly I gloss over these types of days. Since my investment philosophy is completely unaffected by the action, why should I blow a gasket watching it minute-by-minute? I'm an emotional guy by nature, but my mission (and I have chosen to accept it after watching the tape player self-destruct) is to become the ultimate cold-blooded unemotional investor. In fact, I have a book in mind to write, and that might well be the title. The Unemotional Investor ... I like it.

On to a little good news. 3M announced at an analysts' meeting today that it expects more than 10% earnings gains in each of the next three years if worldwide economic conditions remain moderate. "Several new-product development areas -- including highly efficient structured abrasives and materials that replace ozone-depleting chlorofluorocarbons -- make us confident that we can hit our growth targets," said L.D. DeSimone, 3M chairman and CEO. "We're aggressively pursuing these opportunities through significant new capital investments. During 1996, we'll invest about $1 billion worldwide," he said.

Prudential Securities followed the meeting with an upgrade of its rating on 3M from "hold" to "buy."

Overall, considering the market drop, not a bad day for our little basket of high-yield large-caps (and the Imation footnote). Stay Foolish!

High Yield 10


Today's Dow Numbers 
THE FOOLISH FOUR MODEL (8/29/96)  



           Day    Week   Quarter  Year  History

Fool-4   -0.70%  -0.46%   0.60%  13.73%  13.73%

DJIA     -1.13%  -1.31%  -0.12%  10.37%  10.37%

S&P 500  -1.11%  -1.44%  -1.97%   6.73%   6.73%

NASDAQ   -0.77%   0.17%  -3.37%   8.83%   8.83%





Bought  #    Stock     In At   Now    Change



1/2/96  142  DuPont    69.88  82.75   18.43%

1/2/96  380  Chevron   52.38  59.25   13.13%

1/2/96  148  E. Kodak  67.00  72.75    8.58%

1/2/96  149  3M        63.76  67.38    5.67%

7/16/96  14  Imation   26.16  23.38  -10.64%



Bought  #    Stock         Cost        Value      Change



1/2/96  142  DuPont      $9,922.25  $11,750.50  $1,828.25    

1/2/96  380  Chevron    $19,902.50  $22,515.00  $2,612.50    

1/2/96  148  E. Kodak    $9,916.00  $10,767.00    $851.00   

1/2/96  149  3M          $9,500.09  $10,038.88    $538.78   

7/16/96  14  Imation       $366.21     $327.25    $(38.96)  



      CASH      $1,465.30      

      TOTAL    $56,863.93      



      
      

      
      

       

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