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Thursday May 2, 1996
The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)

LEXINGTON, Ky. (May 2): An ugly clean sweep for the IFG Model Portfolio today. All ten holdings lost value as the stock market followed bonds lower on inflation and interest-rate fears.

Was any of the sell-off company specific, though? Nope! The only news crossing the wire was a report from late yesterday that Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> signed another contract. Tellabs will supply its TITAN 532E EMC digital cross-connect systems for use in the new Netherlands Armed Forces Integrated Network (NAFIN).

NAFIN will provide a complete range of voice and data services for the armed forces throughout the Netherlands. Tellabs will supply a total of 14 digital cross-connect systems for grooming and filling digital lines within the private military network, which will be end-to-end managed from a central location by Nortel's Level Control Platform. The network should be completed by the first quarter of 1997.

Other than that, no news today. The Nasdaq streak ends at 10 records in a row, with today's 21-point drop (roughly the equivalent of 100 Dow points) giving back about a quarter of the gains for the Nasdaq in the recent run-up. And with many of IFG's stocks tied to the Nasdaq's technology-rich composite index, it's not surprising that IFG was battered a bit today.

The Relative Strength models also tumbled today. The Quarterly model dropped 2.4% and is now ahead 15.6% for 1996. The Monthly model also dropped 2.4%, leaving it enjoying an 18.1% gain for the year to date.

We'll be back tomorrow to recap the day's doings. If the employment numbers are stronger than expected, don't be surprised to see more carnage. (And don't be surprised to see everything return to the starting point next week, either. Two months in a row now we've sold off on employment numbers only to recover almost immediately.) Get out that crystal ball with the rest of the gooroos. You might be the next one able to hawk a newsletter claiming to have called the market right on the nose. (Just don't tell anyone about the other 100 calls you made that were lousy. No need to clutter their minds with meaningless details, right?)

Fool on!

Transmitted: 5/2/96 5:42 PM

The Current IFG Stocks

Quick & Reilly Group
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %>

Green Tree Financial
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %>

Oracle
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %>

Sterling Software
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:SSW)") else Response.Write("(NYSE:SSW)") end if %>

Checkpoint Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %>

Dionex
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %>

Medtronic
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MDT)") else Response.Write("(NYSE:MDT)") end if %>

RoTech Medical
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %>

Bio-Rad Labs
(ASE:BIO/A)

Computer Associates
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %>

Today's IFG Numbers
      INVESTING FOR GROWTH MODEL (5/2/96)  



           Day    Week   Quarter  Year   History

IFG      -2.94%  -3.06%   2.21%   1.68%  4036.71%

DJIA     -1.38%  -1.25%  -1.59%   7.45%   563.37%

S&P 500  -1.71%  -1.54%  -0.33%   4.46%   503.99%

NASDAQ   -1.78%  -0.73%   6.98%  11.99%   696.01%





Rec'd    #  Security In At   Now    Change



1/5/96  3183  CA     56.13  73.25   30.51%

7/8/95  3866  TLAB   48.00  55.25   15.10%

1/5/96  6252  ORCL   28.58  32.88   15.01%

4/5/96  4536  BIO/A  45.38  49.75    9.64%

4/5/96  7695  CKP    26.75  28.75    7.48%

4/5/96  5758  DNEX   35.75  36.50    2.10%

4/5/96  5312  ROTC   38.75  38.50   -0.65%

4/5/96  5945  GNT    34.63  32.00   -7.58%

4/5/96  3293  UNH    62.50  56.88   -9.00%

4/5/96  3525  MDT    58.38  50.13  -14.13%



Rec'd    #  Security      Cost        Value       Change



1/5/96  3183  CA      $178,645.88  $233,154.75   $54,508.88  

7/8/95  3866  TLAB    $185,568.00  $213,596.50   $28,028.50  

1/5/96  6252  ORCL    $178,703.00  $205,534.50   $26,831.50  

4/5/96  4536  BIO/A   $205,821.00  $225,666.00   $19,845.00  

4/5/96  7695  CKP     $205,841.25  $221,231.25   $15,390.00  

4/5/96  5758  DNEX    $205,848.50  $210,167.00    $4,318.50  

4/5/96  5312  ROTC    $205,840.00  $204,512.00   $(1,328.00) 

4/5/96  5945  GNT     $205,845.63  $190,240.00  $(15,605.63) 

4/5/96  3293  UNH     $205,812.50  $187,289.38  $(18,523.13) 

4/5/96  3525  MDT     $205,771.88  $176,690.63  $(29,081.25) 



      CASH           $274.44       

      TOTAL    $2,068,356.44         



Transmitted: 5/2/96 5:42PM

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