COMMENTARY
      A lackluster week in the financial markets. U.S. stocks and bonds declined 
      sharply on May 30. The reason was word of a less-than-expected increase in the 
      gross domestic product, a measure of economic growth. The dollar tumbled, and 
      that prompted the sell-off in the financial markets. 
         But some overseas markets performed even worse, with the Tokyo market 
      declining sharply during the week. The setback in the dollar caused gold to 
      give up some of its recent gains.
      
      MARKET ANALYSIS
                                                      % change
      U.S. STOCKS                              Latest  Week  52-week
      DOW JONES INDUSTRIALS                     3553.5  0.4  4.3
      MIDSIZE COMPANIES (S&P MidCap Index)       167.4  -0.2  15.2
      SMALL COMPANIES (Russell 2000)             233.9  0.7  17.0
      ALL COMPANIES (Russell 3000)               259.8  0.1  11.1
      
                                                     % change (local currency)
      FOREIGN STOCKS                            Latest  Week  52-week
      LONDON (FINANCIAL TIMES 100)              2863.0  0.6   6.8
      TOKYO (NIKKEI INDEX)                    20,691.7  -1.0  13.8
      TORONTO (TSE COMPOSITE)                   3859.8  -0.1  13.3
      
      FUNDAMENTALS                             Latest Week ago Year ago
      90-DAY TREASURY BILL YIELD                 3.13%  3.10% 3.80%  
      30-YEAR TREASURY BOND YIELD                6.88%  6.92% 7.88%  
      S&P 500 DIVIDEND YIELD                     2.75%  2.78% 2.98%  
      S&P 500 PRICE/EARNINGS RATIO                22.9   22.9  25.4   
      
      TECHNICAL INDICATORS                       Latest Week ago Reading
      S&P 500 26-week moving average             442.3   441.5  Positive  
      Stocks above 26-week moving average        59.6%   56.9%  Negative  
      Speculative sentiment: Put/call ratio       0.39   0.35   Neutral  
      Insider sentiment: Vickers sell/buy ratio   2.40   2.46   Neutral  
                                                  BRIDGE INFORMATION SYSTEMS INC.
      
      INDUSTRY GROUPS
                               % change   Strong-                       % change
      FOUR-WEEK LEADERS   4-week  52-week est stock in group   4-week  52-week  Price
      HOSPITAL MANAGEMENT    19.7  -18.4  NATIONAL MEDICAL 
                                          ENTERPRISES            24.6  -33.9  9  1/2
      SPECIALTY APPAREL 
      RETAILERS              15.2  18.0   GAP                    23.8  4.8  35  3/4
      OIL AND GAS DRILLING   15.0  50.7   HELMERICH & PAYNE      16.1  51.6  36  
      SEMICONDUCTORS         14.6  109.3  NATIONAL SEMICONDUCTOR 19.2  47.6  15  1/2
      HOTELS AND MOTELS      13.1  66.8   HILTON HOTELS          17.0  7.0  51  5/8
      
                               % change   Weak-                       % change
      FOUR-WEEK LAGGARDS  4-week  52-week est stock in group   4-week  52-week  Price
      MANUFACTURED HOUSING   -9.3  13.4   FLEETWOOD ENTERPRISES  10.1  13.1  17  3/4
      TRUCKING               -7.9  -24.1  ROADWAY SERVICES       -9.1  -28.7  53  5/8
      HEALTH-CARE SERVICES   -7.3  -31.0  AMGEN                 -11.0  -40.6  36  1/4
      LIFE INSURANCE         -3.0  34.9   JEFFERSON PILOT        -6.9  19.1  49  1/8
      AUTOMOBILES            -2.3  23.1   FORD MOTOR             -4.9  19.4  53  
                                                              MORNINGSTAR INC.
      
      MUTUAL FUNDS
      LEADERS                       LAGGARDS                             
      Four-week return          %   Four-week total return               % 
      LEXINGTON STRATEGIC 
      INVESTMENTS             32.9  STEADMAN AMERICAN INDUSTRY        -4.8
      UNITED SERVICES GOLD 
      SHARES                  19.3  STEADMAN OCEANOGRAPHIC TECHNOLOGY  -4.4
      VAN ECK INTERNATIONAL 
      INVESTORS               18.8  FIDELITY SELECT INSURANCE          -2.6
      
      52-week total return      %   52-week total return                 %
      LEXINGTON STRATEGIC 
      INVESTMENTS             58.0  PROGRESSIVE AGGRESSIVE GROWTH      -27.1
      VAN ECK GOLD/RESOURCES  57.0  FINANCIAL STRATEGIC ENVIRONMENTAL  -23.1
      METLIFE-STATE STREET 
      GLOBAL ENERGY           56.5  G.T. LATIN AMERICA GROWTH A        -16.0
                                                         DATA RESOURCES INC.
      
      RELATIVE PORTFOLIOS
        Foreign stocks  Treasury bonds  U.S. stocks  Gold  Money market fund
         $12,600          $12,137         $11,296   $11,118    $10,242
         +2.09%            +1.43%          +1.30%    -0.89%    +0.05%
      
      Dollar amounts
      represent the present value of $10,000
      invested one year ago in each portfolio
      Percentages indicate
      five-day total returns
      All data on this page are as of market close Wednesday, June 2, 1993, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close June 1. Mutual fund returns 
      are as of May 28. Relative portfolios are valued as of June 1. A more detailed 
      explanation of this page is available on request.
      
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