The Daily Dow FOOL GLOBAL WIRE by Robert Sheard (TMF Sheard) LEXINGTON, KY. (Apr. 22, 1997) -- The Dow left the Nasdaq in the dust again. With a modest gain for the Nasdaq, the Dow blitzed forward to a 173-point gain, led again by good earnings news. Foolish Four component MINNESOTA MINING & MANUFACTURING <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MMM)") else Response.Write("(NYSE: MMM)") end if %> posted first-quarter earnings of 99 cents a share, versus 87 cents in the year-ago quarter. A penny ahead of consensus estimates, the stock tacked on more than $4 a share for the day. The double-digit percentage gains in both revenue and net income sent 3M to record levels for both figures. For those of you in a Dow portfolio started some time ago, you may remember how 3M did nothing for months and months at the beginning of 1996. Then in the last few months of the year, it stormed ahead and has maintained that strength apparently through the first quarter of 1997. This is not unusual for Dow Approach stocks. When you buy them, they're generally out of favor, but they may well stay that way for a while. But when they rebound, as 3M has done, your patience through the doldrums is repaid. 3M is now up about 30% since the beginning of 1996, and may well keep climbing after the good earnings. Still going the other way, however, is AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: T)") else Response.Write("(NYSE: T)") end if %>. After yesterday's poor, albeit expected, earnings report, AT&T was smacked around again. It really hurts, though, to watch it slump in the face of a huge day for the Dow. Ouch. Hang in there, Ma Bell. (c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. ________________________________

The Current BTD 10 AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %> *Philip Morris <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %> *Intl. Paper <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %> * Goodyear Tire <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GT)") else Response.Write("(NYSE:GT)") end if %> * Exxon <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %> General Motors <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %> Chevron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %> Eastman Kodak <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %> Minnesota Mining <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %> J.P. Morgan <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %> NOTE: Foolish four stocks are preceded by an asterisk. Updated Daily

1997 Foolish Four Model Stock Change Last -------------------- T -1 1/8 32.00 GM - 1/4 56.25 CHV +1 7/8 66.63 MMM +4 1/4 87.50 Day Month Year FOOL-4 +0.46% -2.78% -6.96% DJIA +2.60% 3.80% 5.98% S&P 500 +1.87% 2.31% 4.57% NASDAQ +0.73% -0.73% -6.06% Rec'd # Security In At Now Change 1/2/97 120 3M 83.00 87.50 5.42% 1/2/97 153 Chevron 65.00 66.63 2.50% 1/2/97 179 Gen. Motor 55.75 56.25 0.90% 1/2/97 479 AT&T 41.75 32.00 -23.35% Rec'd # Security In At Value Change 1/2/97 120 3M 9960.00 10500.00 $540.00 1/2/97 153 Chevron 9945.00 10193.63 $248.63 1/2/97 179 Gen. Motor 9979.25 10068.75 $89.50 1/2/97 479 AT&T 19998.25 15328.00 -$4670.25 CASH $431.29 TOTAL $46521.67

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