Honor Roll Perf Newsletter Editor Gain Up Dn     since -market-     8/87 A C Fidelity Monitor Jack Bowers 15.6% C A Fund Exchange Paul Merriman 10.4% B B Invest Quality Trends Gregory Weiss 12.6% C A Peter Dag Port Strat George Dagnino 10.7% C A Systems & Forecasts Gerald Appel 11.5%

"Of 59 investment letters only 5 qualify for our honor roll. The 5 have ten-year records of excellent performance in both up and down markets."
– FORBES (1/26/98)