Wed 12/31/1997

chiu index closed 1997 at 287.02132 +23.58%
spx closed 1997 +33.48%

cash 7.10%
stocks 55.91%
401k 36.99%

stocks included:

1. ko 2.15%
2. mo 2.97%
3. intc 10.08%
4. mrk 3.35%
5. ms 2.35%
6. mcd 2.71%
7. jnj 3.64%
8. t 4.46%
9. csco 7.18%
10. dis 2.53%