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The Daily Dow
FOOL GLOBAL WIRE
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (May 6, 1997) -- Please, a moment of silent reflection on the deep and heart-rending loss those of us in the Bluegrass suffered today. In a place where college basketball has few rivals for our devotion, the announcement today that head coach Rick Pitino is leaving to take over the head coaching position with the Boston Celtics triggered a regional day of mourning.

I know, I know, "talk about investing, bonehead." Well, it may be a stretch, but there's actually a connection I'm going to try to pull off. Anyone who follows mutual funds (as we do, even if only to keep reminding ourselves how poorly the average fund performs) knows that the name of the fund and the performance record for it means precious little if it has a different manager every few years.

Let's face it, the fund's performance is dependent upon the manager's ability and control. The Bluegrass Market Value Upside Downside fund can be terrific with one manager and dreadful with another, despite the same structure, the "same" prospectus, and the "same" look.

So whether it's my beloved Wildcats, and they'll always wear that deep Kentucky blue, regardless of who's coaching, or the mutual fund you may have considered, it's crucial to know who the brain is behind the performance before you make any decisions.

Of course with investments, there's an even better option. You can play Athletic Director and Fund Company President and simply hire yourself to run the show. And with some great game plans (like the Dow Approach) in your play book, you should have no problem posting Pitino-like numbers for your portfolio.

(Has this metaphor been stretched far enough, yet? Thought so. Best of luck with the Celtics, Rick; we wish you the best.) Stay Foolish!

(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

  1. AT&T
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>
  2. *Philip Morris
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>
  3. *Intl. Paper
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>
  4. *General Motors
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>
  5. *Exxon
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>
  6. Chevron
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>
  7. Eastman Kodak
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %>
  8. Minnesota Mining
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>
  9. J.P. Morgan
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>
  10. DuPont <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

NOTE: Foolish four stocks are preceded by an asterisk.
Updated Daily

1997 Foolish Four Model

Stock  Change   Last
--------------------
T    -   3/8   33.38
GM   +   3/4   58.63
CHV  -   3/4   69.50
MMM  -   1/8   90.25
               Day   Month    Year
        FOOL-4   -0.36%   1.29%  -3.25%
        DJIA     +0.16%   3.09%  12.05%
        S&P 500  -0.30%   3.30%  11.75%
        NASDAQ   -0.82%   5.36%   2.89%

    Rec'd   #  Security     In At       Now    Change
   1/2/97  120 3M            83.00     90.25     8.73%
   1/2/97  153 Chevron       65.00     69.50     6.92%
   1/2/97  179 Gen. Motor    55.75     58.63     5.16%
   1/2/97  479 AT&T          41.75     33.38   -20.06%


    Rec'd   #  Security     In At     Value    Change
   1/2/97  120 3M          9960.00  10830.00   $870.00
   1/2/97  153 Chevron     9945.00  10633.50   $688.50
   1/2/97  179 Gen. Motor  9979.25  10493.88   $514.63
   1/2/97  479 AT&T       19998.25  15986.63 -$4011.63


                             CASH    $431.29
                            TOTAL  $48375.29

  

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