TEN-STOCKS.XLS Investment Non-Linear Program                                        
        Sum of Portfolio Weights  
  Avg. Portfolio Portfolio   Portfolio Weights x(j)       Not = 100%       Sum of Portfolio
  Return Stnd. Dev.   SUN MSFT GM IBM APPLE P&G J&J MERCK FORD INTEL   Weights  
                              0%  
  Not >=     SUN MSFT GM IBM APPLE P&G J&J MERCK FORD INTEL   Not =  
  Min Return 1.35% нннннннннннн Mean=                         100%  
  нннн Stnd. Dev.=                        
         
      нннннннннннннннннннн Adjusted Mean=                      
         
  Scen- Proba- Portfolio Return   Security Returns by Scenario    
  ario bilities by Scenario   SUN MSFT GM IBM APPLE P&G J&J MERCK FORD INTEL  
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  Scen-     Historical Security Returns by Scenario    
  ario (Date)   SUN MSFT GM IBM APPLE P&G J&J MERCK FORD INTEL  
  1 Jan-96   0.8% 5.4% -0.5% 18.7% -13.3% 1.2% 12.3% 6.9% 2.2% -2.7%  
  2 Feb-96   14.1% 6.7% -2.6% 13.0% -0.5% -2.4% -2.6% -5.5% 5.9% 6.5%  
  3 Mar-96   -16.7% 4.5% 3.9% -9.3% -10.7% 3.4% -1.3% -6.0% 10.0% -3.3%  
  4 Apr-96   24.0% 9.8% 1.9% -3.1% -0.8% -0.3% 0.3% -2.8% 4.4% 19.1%  
  5 May-96   15.4% 4.9% 1.6% -0.9% 7.2% 4.0% 5.3% 6.8% 1.7% 11.4%  
  6 Jun-96   -6.0% 1.2% -5.0% -7.3% -19.6% 3.1% 1.7% 0.0% -11.3% -2.7%  
  7 Jul-96   -7.2% -1.9% -6.9% 8.6% 4.8% -1.5% -3.5% -0.6% 0.0% 2.3%  
  8 Aug-96   -0.5% 3.9% 1.8% 6.4% 10.2% -0.4% 3.1% 2.1% 3.5% 6.2%  
  9 Sep-96   14.3% 7.7% -3.3% 8.9% -8.5% 9.7% 4.1% 7.2% -6.7% 19.6%  
  10 Oct-96   -1.8% 4.1% 11.7% 3.6% 3.7% 1.5% -3.9% 5.0% 0.0% 15.1%  
  11 Nov-96   -4.5% 14.3% 7.5% 23.5% 4.9% 9.8% 8.1% 12.4% 4.8% 15.5%  
  12 Dec-96   -11.8% 5.3% -3.3% -4.9% -13.5% -1.0% -6.6% -4.1% -1.5% 3.2%  
  13 Jan-97   23.6% 23.4% 5.8% 3.5% -20.4% 7.4% 16.1% 13.8% -0.4% 23.9%  
  14 Feb-97   -2.8% -4.4% -1.9% -8.4% -2.3% 3.9% -0.4% 1.7% 2.3% -12.6%  
  15 Mar-97   -6.5% -6.0% -4.3% -4.5% 12.3% -4.5% -8.0% -8.5% -4.6% -1.9%  
  16 Apr-97   -0.2% 32.5% 4.5% 16.9% -6.8% 9.6% 15.6% 7.3% 10.8% 10.1%  
  17 May-97   11.9% 2.1% -0.9% 7.8% -2.2% 9.6% -1.8% -0.6% 7.9% -1.1%  
  18 Jun-97   15.4% 1.9% -2.8% 4.3% -14.3% 2.4% 7.3% 13.8% 1.3% -6.4%  
  19 Jul-97   22.8% 12.0% 11.0% 17.2% 22.8% 7.7% -3.5% 1.5% 7.6% 29.5%  
  20 Aug-97   5.6% -6.6% 1.4% -4.1% 24.3% -12.5% -8.8% -11.6% 5.2% 0.3%  
  21 Sep-97   -3.0% 0.1% 6.7% 4.6% -0.3% 3.8% 1.8% 8.9% 4.9% 0.2%  
  22 Oct-97   -26.8% -1.7% -4.1% -7.1% -21.5% -1.5% -0.5% -10.7% -3.2% -16.6%  
  23 Nov-97   5.1% 8.8% -5.1% 11.2% 4.2% 12.0% 9.7% 6.2% -1.6% 0.8%  
  24 Dec-97   10.8% -8.7% 5.8% -4.5% -26.1% 4.8% 4.7% 11.8% 12.9% -9.5%  
    SUN MSFT GM IBM APPLE P&G J&J MERCK FORD INTEL  
  Historical Mean=   3.2% 5.0% 1.0% 3.9% -2.8% 2.9% 2.0% 2.3% 2.3% 4.5%  
  Historical Stnd. Dev.=   12.8% 9.0% 5.1% 9.3% 13.0% 5.5% 6.7% 7.4% 5.5% 11.4%