The Daily Dow
Friday, May 23, 1997
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (May 23, 1997) -- If you've been holding your breath under water for the last five months with the Foolish Four, we finally broke the ocean's surface today. With the gain of 1.73% on this final session before Memorial Day, we pulled above the break-even point by a scant 0.05%.

Granted, compared to a 13% or 14% gain for the Dow, it's nothing to brag about, but the recent gains have been out-pacing the market and closing some of the gap opened up in the first four months of 1997.

Helping AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: T)") else Response.Write("(NYSE: T)") end if %> a tad today was the announcement that the hacker claiming to have penetrated a crucial security window in AT&T's WorldNet Internet service recanted his story. AT&T maintains that there was indeed no such flaw in the software.

GENERAL MOTORS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GM)") else Response.Write("(NYSE: GM)") end if %> held its annual shareholders meeting today and the company focused on strong sales in May, even though year-over-year, sales are lower than last year's. Richard Wagoner, GM's president of North American Operations, said the company has faced difficult market conditions and its competitors have been offering higher incentives than last year.

Across the board today, a good way to launch the holiday weekend. Now turn off your computer and go have a Foolish holiday. See you next week!

(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. ________________________________

Stock  Change   Last
--------------------
T    +   5/8   36.00
GM   +   3/4   57.50
CHV  +1  1/4   70.75
MMM  +1  7/8   92.13

               Day   Month    Year
        FOOL-4   +1.73%   4.75%   0.05%
        DJIA     +1.21%   4.81%  13.92%
        S&P 500  +1.36%   5.70%  14.35%
        NASDAQ   +1.25%  10.23%   7.64%

    Rec'd   #  Security     In At       Now    Change
   1/2/97  120 3M            83.00     92.13    10.99%
   1/2/97  153 Chevron       65.00     70.75     8.85%
   1/2/97  179 Gen. Motor    55.75     57.50     3.14%
   1/2/97  479 AT&T          41.75     36.00   -13.77%


    Rec'd   #  Security     In At     Value    Change
   1/2/97  120 3M          9960.00  11055.00  $1095.00
   1/2/97  153 Chevron     9945.00  10824.75   $879.75
   1/2/97  179 Gen. Motor  9979.25  10292.50   $313.25
   1/2/97  479 AT&T       19998.25  17244.00 -$2754.25


                             CASH    $609.53
                            TOTAL  $50025.78