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BTD 10
As Of 09/10/96

#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 %>

#2
AT&T
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>

#3
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
J.P. Morgan
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>
#9
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

#10
Texaco
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %>

***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Tuesday, September 10, 1996
by Robert Sheard

LEXINGTON, KY. (September 10): Today's session was up and down, without any major events going on -- the perfect boring Dow environment for the high-yield approach. Buy 'em, forget 'em, smile a year later!

A lot of worry and questions have surrounded the recent rankings shifts for the Dow stocks. And as I mentioned here yesterday, the shifting ranking for the #1 and #2 stocks is one of the reasons I'm not a big fan of doubling up on a stock because it sits in a particular slot. There's just enough of the chance element in such an approach that it bothers me. Even so, it's hard to argue with the Foolish Four's long-term record.

But the real issue to me is that once you buy your Dow stocks -- whatever method you happen to use -- don't agonize over every change in the rankings that comes about afterwards. As Bob Price (MF Sandy) has pointed out a few times, you don't have to pick THE very best Dow stocks each year to do very well as long as you do a good job of avoiding the handful of real bowsers each year. And regardless of which of the Dow variations you use, the odds are on your side that you'll do just that over time.

So, let's all keep in mind the beauty and simplicity of Beating the Dow. It works, and works very well. We'll always continue to play with the model, of course. That's half the fun. But don't let that play transfer over into your stock holdings. If you want to change approaches, wait comfortably until your next annual update with the knowledge that ALL of the variations we track here have proven themselves better than the market averages over the last several decades. Pretty sweet, isn't it?

In Foolish Four news today, 3M announced an acquisition of PyMaH Corporation. (Don't ask me how that's pronounced.) PyMaH is a privately held company that develops, manufactures and markets sterilization monitoring, vital signs and industrial monitoring products.

3M will assume operations for the Flemington, New Jersey facility after the deal closes, while PyMaH will keep responsibility for its North Hollywood, California site and its Athy, Ireland facility.

Fool on!

Transmitted: 9/10/96


Today's Dow Numbers 
THE FOOLISH FOUR MODEL (9/10/96)  

          Day   Week   Quarter  Year  History
Fool-4  -0.16%  0.33%   2.01%  15.32%  15.32%
DJIA    -0.12%  1.19%   1.28%  11.92%  11.92%
S&P 500  0.01%  1.24%  -1.02%   7.77%   7.77%
NASDAQ   0.06%  0.88%  -3.00%   9.25%   9.25%


Bought  #    Stock     In At   Now   Change

1/2/96  142  DuPont    69.88  84.38  20.75%
1/2/96  380  Chevron   52.38  60.38  15.27%
1/2/96  148  E. Kodak  67.00  72.50   8.21%
1/2/96  149  3M        63.76  68.00   6.65%
7/16/96  14  Imation   26.16  25.00  -4.43%

Bought  #    Stock         Cost        Value      Change

1/2/96  142  DuPont      $9,922.25  $11,981.25  $2,059.00    
1/2/96  380  Chevron    $19,902.50  $22,942.50  $3,040.00    
1/2/96  148  E. Kodak    $9,916.00  $10,730.00    $814.00   
1/2/96  149  3M          $9,500.09  $10,132.00    $631.91   
7/16/96  14  Imation       $366.21     $350.00    $(16.21)  

      CASH      $1,524.50      
      TOTAL    $57,660.25      



Transmitted: 9/10/96 

      
      

      
      

       

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