Table: Italy's New Highfliers

                                        DATE    PRICE ON
      COMPANY         DESCRIPTION           OFFERED   11/28/95   % CHANGE
      
      IMA             Packaging machinery     6/95    L10,750      +36%
      BREMBO          Disk brake systems      7/95    L18,500      +49
      BULGARI         Jewelry, watches        7/95    L13,400      +50
      CRESPI          Synthetic fibers       10/95     L4,607        0
      DE RIGO (ADR)   Sunglasses             10/95     $20.75      +17
      
      Milan Telematico Index*                                     -8.4%
      
      *Since 6/31/95  DATA: BUSINESS WEEK, BLOOMBERG FINANCIAL MARKETS
      

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