Fri 12/31/1996

chiu index closed 1996 at 232.258 +38.92%
spx closed 1995 +22.36%

cash 12.69%
stocks 51.34%
401k 35.97%

stocks included:

1. intc 5.94%
2. mrk 3.89%
3. jnj 3.06%
4. ko 2.64%
5. mo 3.86%
6. mcd 4.04%
7. t 3.66%
8. csco 1.86%
9. dis 2.81%


funds included:

1. wehix 1.16%
2. fmagx 6.10%
3. uopix 9.48%
4. msaex 7.65%