Table:...But Its Ipo Record Is So So

Average performance of initial public offerings in the aftermarket, Jan. 1, 
      1990, through Aug. 31, 1995
      
         Lead Manager
      
         MORGAN STANLEY          121%
         ALEX. BROWN & SONS      96
         WILLIAM BLAIR           79
         MONTGOMERY SECURITIES   68
         PRUDENTIAL SECURITIES   61
         GOLDMAN SACHS           59
         HAMBRECHT & QUIST       57
         LEHMAN BROS.            55
         ROBERTSON STEPHENS      47
         MERRILL LYNCH & CO.     46
      
      DATA: SECURITIES DATA CO.
      
      

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