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  Also from Techserve, Inc. 
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  CAPTOOL! (tm)  Investment Software                                        
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  CAPTOOL (tm) integrates Techserve's portfolio management, stock/bond      
  evaluation and data acquisition technology into a single powerful package 
  for computerized investors.  In its portfolio mode, CAPTOOL incorporates  
  an enhanced version of the popular PFROI portfolio management system.     
  This system enables users to track portfolio and security return on       
  investment while managing multiple portfolios.  Virtually all security    
  types and transactions are supported, including stocks, bonds, options,   
  C.D.'s, mutual funds, as well as depreciable assets such as rental        
  properties and partnership interests.  Estimated taxes are computed using 
  user configurable tax rates to support after-tax ROI computation and tax  
  planning.                                                                 
                                                                            
  CAPTOOL portfolio valuations may be performed daily using either manual   
  or automatic pricing (Dow Jones, Compuserve, Warner, Genie, others).      
  Position records include cost bases, unrealized gains and diversification 
  information.  Up to 64 valuations may be stored for later recall for      
  review and/or price updating.  CAPTOOL return on investment is computed   
  both before and after taxes using the internal rate of return method.     
  ROI may be computed for individual securities, entire portfolios, or even 
  groups of portfolios.  ROI results include portfolio beta versus any of   
  three user selected stock indices.  CAPTOOL generates over ten portfolio  
  reports which may be directed to either printer or text file.  Reports    
  include a configurable "client statement" as well as valuation graphics   
  and income reports useful for year-end tax preparation.                   
                                                                            
  CAPTOOL account records facilitate easy handling of multiple portfolios   
  including batch generation of valuations and reports. "Auto-dial" plus    
  "screenable" label generation and mail merge from these records           
  facilitate use for prospecting and client support by the investment       
  professional.  CAPTOOL has no software limit on number of securities or   
  portfolios handled.                                                       
                                                                            
  In its investment mode, CAPTOOL incorporates the BONDPRO (tm) and         
  STOCKPAR (tm) security evaluation systems.  BONDPRO computes bond yield   
  to call and yield to maturity, taking into account tax rates,             
  commissions, accrued interest, as well as call premiums, coupon rates,    
  and payment dates.  A side-by-side, two-bond format facilitates           
  comparison of bond swap candidates.  STOCKPAR generates a bracketed "par" 
  stock valuation using risk adjusted discounted cash flow similar to the   
  capital asset pricing model.  STOCKPAR's input consists of historical     
  corporate financial data, beta, risk factors, plus a "risk-free" discount 
  rate.  Future corporate financial results may be automatically forecast   
  from the data or manually forecast prior to computing "par" valuation.    
  Both BONDPRO and STOCKPAR handle multiple securities, limited only by     
  system storage capacity.  BONDPRO and STOCKPAR output may be sent to      
  printer or directed to a text file for incorporation in memos to clients.  
                                                                            
  CAPTOOL includes numerous help screens and comes with demo data files and 
  130+ page printed user manual which provide examples to help in getting   
  started.  CAPTOOL is not copy protected and is backed by a 45 day         
  money-back guarantee.                                                     
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  IBM PC, XT, AT, PS/2 or compatible, 256K RAM DOS 2.0/higher or OS/2. $79  
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   Portfolio Management               Stock Evaluation                    
     Multiple portfolio support         Capital asset pricing model       
     Batch valuations and reports       Adjustable risk factors           
     Before/after tax ROI (IRR method)  Automatic or manual f/c            
     Over ten printed reports           Multiples stocks, to 350/floppy   
     Screen/printer graphics                                               
     Portfolio beta computation       Bond Evaluation                     
     User configurable tax rates        Yield to call/maturity            
     FIFO, avg. or assigned tax lots    Includes taxes, commissions,      
     Bond accretion/amortization         accrued interest                  
     Commission tracking                Bond swap net present value       
                                       Multiple bonds, to 1000/floppy      
   Communications                                                          
     Automatic dial/logon             Client Support/Prospecting          
     Automatic pricing from Dow Jones,  Account records screenable by     
     Compuserve, Warner & others         security held                     
     "Smart Terminal" mode for          Auto Dial, memo merge, labels     
      data and news retrieval            Configurable client statements    
 

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   Pricing (License, diskette (printed manual if included)):                
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  PFPRO       - $695 (Client/Portfolio Mgr for Money Managers - inquire)    
  PFPRO Demo  - $  9                                                        
  CAPTOOL     - $ 79 (includes printed manual)                              
  BONDPRO     - $ 30                                                        
  STOCKPAR    - $ 30                                                        
  PFROI       - $ 30 (registered version)                                   
  PFROI       - $  9 (shareware version)                                    
  CAPTOOL/MC  - $195 (multi-currency version, available soon)               
  READ & RUN  - $ 19 (registered version)                                   
                                                                            
  (Add $3 for shipping/handling, plus $2 for 3.5" disk)                     
  Double S&H outside North America.  FRENCH language versions of CAPTOOL,   
  PFROI, BONDPRO & STOCKPAR available.  Persons desiring to translate to    
  other languages, e.g. Spanish or German, should contact Techserve, inc.    
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  For more information or to order contact:                                 
                                                                            
  TECHSERVE Inc.,  P.O. Box 70056,  Bellevue, WA  98007                     
                                                                            
  or Telephone    : (206) 747 5598   /  (800) 826 8082                      
                    (Check, VISA or Mastercard accepted)                    
                                                                             
  or ask your local software dealer                                         
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  Purchase Terms : Purchase of disks containing software described here     
  licenses purchaser to use software and make multiple backup copies        
  provided only one copy is used at any one time.  Demo versions may be     
  copied and transferred provided unaltered and copyright displayed.        
  Software contained on diskettes purchased is provided "as is".            
  Purchasers should ascertain to their own satisfaction that software       
  produces acceptable results and performs to expectations.  If not         
  satisfied, purchasers who have purchased direct from Techserve, inc. may  
  return diskettes and manuals (if included) in original condition to       
  Techserve, inc. within guarantee period for refund of purchase price.     
  Refund excludes shipping & handling charges, is subject to 10% restocking 
  charge and voids user license.  Prices are subject to change without      
  prior notice.  Checks, VISA, and MasterCard are accepted.  Checks must be 
  drawn on US/Canadian banks in $US.                                        
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  Dealers: Contact Techserve, inc., (address above) for information on      
  reselling registered copies of CAPTOOL and/or PFPRO.                      
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