Table: A Menu Of Investment Opportunities

Be careful. Although the numbers seem enticing, usually high or low percentages 
      may be a sign of trouble.
      
      High Hopes For Earnings
      These companies' earnings are forecast to move smartly in 1996.
                              PERCENT
                              CHANGE 1995-96
      WESTERN GAS RESOURCES   600%
      MERISEL                 556
      RYLAND GROUP            500
      FHP INTERNATIONAL       424
      CROWN CENTRAL PETROLEUM 400
      BURLINGTON RESOURCES    339
      ROADWAY SERVICES        337
      PENN TRAFFIC            337
      FREEPORT-McMORAN        300
      HUNT (J.B.) TRANSPORT   268
      
      Stocks The Institutions Rarely hold
      Unpopular--or just overlooked? Either way, if the institutions suddenly take 
      notice, prices could rise.
                       PERCENT OF SHARES      NUMBER OF
                    HELD BY INSTITUTIONS      HOLDING
      AMERCO                          1%      10
      MIDAMERICAN ENERGY              1       15
      FREEPORT-McMORAN                1       18
      COPPER & GOLD
      MICRON ELECTRONICS              2       29
      VALHI                           3       33
      COOPER CAMERON                  5       7
      SPIEGEL                         5       60
      FOOD LION                       5       91
      LINCOLN ELECTRIC                6       13
      COMPUCOM SYSTEMS                6       32
      AVERAGE OF 900 COMPANIES        57      363
      
      Companies With The Highest Yield
      These companies pay the highest annual dividends as a percent of stock price.
                                     PERCENT
      POLARIS INDUSTRIES              18.3%
      NIAGARA MOHAWK POWER            11.3
      LONG ISLAND LIGHTING            10.4
      CENTERIOR ENERGY                8.3
      NORTHEAST UTILITIES             7.4
      PUBLIC SERVICE ENTERPRISE GROUP 7.3
      PACIFIC TELESIS GROUP           7.3
      MIDAMERICAN ENERGY              7.2
      BROWN GROUP                     7.1
      PACIFIC GAS & ELECTRIC          7.1
      
      Stocks Selling Way Below Book Value
      Bargain-hunters, take note. The stock price of these companies as a percentage 
      of book is very low.
                             PERCENT
      CALDOR                   20%
      BRADLEES                 22
      VENTURE STORES           27
      WHX                      34
      BAKER (J.)               38
      PAYLESS CASHWAYS         40
      CHARMING SHOPPES         40
      HECHINGER                42
      AVIALL                   53
      CROWN CENTRAL PETROLEUM  54
      DATA: AS OF NOV. 30,  I/ B/ E/S INTERNATIONAL INC., STANDARD & POOR'S 
      COMPUSTAT, A DIVISION OF THE McGRAW-HILL COS.
      
      The Lowest Price-Earnings Ratios
      Prices of these stocks compared with 1996 earnings may suggest unrecognized 
      values.
                             RATIO
      CALDOR                  1.5
      STONE CONTAINER         3.6
      COLLINS & AIKMAN        3.9
      BRADLEES                4.0
      JEFFERSON SMURFIT       4.4
      BOWATER                 4.7
      WICKES LUMBER           4.8
      CHAMPION INTERNATIONAL  5.2
      WEIRTON STEEL           5.4
      ZEIGLER COAL HOLDING    5.5
      
      Where Forecasters Disagree The Most
      Uncertainty could spell opportunity. The 1996 earnings-per-share estimates are 
      all over the lot for these stocks. For example: Estimates for Time Warner range 
      from a profit of $0.43 to a loss of $1.02.
              CONSENSUS FOR 1996      VARIATION
                 CENTS PER SHARE      IN FORECASTS
      TELE-COMMUNICATIONS     -2      850%
      ZENITH ELECTRONICS      10      570
      NATIONAL STEEL          66      255
      CHARMING SHOPPES        4       225
      HOST MARRIOTT           4       200
      COMCAST                 -11     191
      MORRISON KNUDSEN        -8      138
      TIME WARNER             -29     131
      YELLOW                  46      91
      MAXTOR                  43      88
      
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