ACCORDING TO WIRE SERVICE reports, the personal financial disclosure form of Republican Presidential candidate Steve Forbes, filed with the Federal Election Commission recently, shows he's a cautious investor. Among the Forbes publisher's 45 stock holdings, worth less than $2 million in total: Telefonos de Mexico, Federal Home Loan Mortgage, Citicorp, Merck, and UAL. Other holdings include real estate--rental property and his New Jersey farm--plus a stake in the family business, valued at "more than $1 million." The rules don't require him to be more specific.

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