EthInves ver 2.0
		   The On-disk Almanac of Ethical Investing
		   
			 copyright 1988 Jerry Whiting
		       PO Box 20821, Seattle, WA  98102
	 
	 
	   >>> >>> COMPANIES DOING BUSINESS IN SOUTH AFRICA <<< <<<
	   
	   
	 >>> U.S. Companies w/Direct Investment in South Africa <<<
			 >>> as of January 1, 1988 <<<
	 
	 The following list is of parent companies with direct
	 investments in South Africa.  Every effort has been made to
	 insure the completeness and accuracy of this list.  For more
	 current information, please contact the company in question
	 directly.
	 
	    *   Sullivan Principle signatory co.
	    +   sale pending/have announced leaving
	 
	 AM International
	 Abbot Laboratories*
	 Acco World Corp.
	 Accuracy Corp.
	 Air Express International Corp.
	 Air Products and Chemicals Inc.
	 Aladdin Industries Inc.
	 Albany International Corp.
	 Allegis (UAL Inc.) + (Hertz Corp. to leave)
	 Louis A. Allen Assoc. Ltd.
	 Allied-Signal*
	 Allis-Chalmers Corp.*
	 AMCA International Corp.
	 American Brands Inc.*
	 American Cyanamid Co.*
	 American Home Products Corp.+
	 American Hospital Supply Corp.
	 Assoc. Metals and Minerals Corp.
	 Automatic Switch Co.
	 
	 The Badger Co. Inc.
	 Baker Intl.*
	 Bancroft & Sons Co.
	 Bandag Inc.*
	 Bardahl Mfg. Corp.
	 Ted Bates Worldwide Inc.
	 Bausch & Lomb Inc.*
	 Beckman Instruments Inc.
	 Bechtel Group Inc.*
	 Becor Western Inc.*
	 Black & Decker Mfg. Co.+
	 Borden Inc.*
	 Borg-Warner Corp.*
	 Born Inc.
	 Bradley Corp.
	 Bristol-Meyers Co.*
	 Buckman Laboratories Inc.
	 Bundy Corp.+
	 Burroughs Corp.* (Unisys)
	 Butterick Co. Inc.*
	 
	 CBI Industries Inc.
	 Card Key Systems
	 Carrier Corp.
	 Cascade Corp.
	 J.I. Case Co.
	 Caterpillar Tractor Co.*
	 Champion Spark Plug Co.*
	 Chevron Corp.
	 Chesebrough-Pond's Inc.
	 Chicago Pacific Corp.
	 Chicago Pneumatic Tools Co.
	 CIGNA Corp.*
	 Clark Equipment Co.+
	 Colgate-Palmolive Co.*
	 Columbus McKinnon Corp.
	 Combustion Engineering Inc.*
	 Continental Grain Co.
	 Control Data Corp.*
	 Corning Glass
	 Coulter Electronics Inc.*
	 Crown Cork and Seal Co. Inc.*
	 
	 Dames & Moore
	 D'Arcy-Macmanus & Masius Worldwide Inc.
	 Darmex Industrial Corp.
	 Dart & Kraft Inc.
	 Davy McKee Equipment Corp.
	 Deere & Co.*
	 Del Monte Corp.*
	 Donaldson Co. Inc.*
	 Dow Chemical Co.+
	 Dow Corning Corp.*
	 Dun & Bradstreet Corp.+
	 Dravco Corp.
	 Dresser Industries Inc.*
	 EI Du Pont de Nemours & Co. Inc.*
	 Dukane Corp.
	 
	 Eastman Kodak Co.+
	 Echlin Co.
	 Eli Lilly & Co.*
	 Emhart Corp.+
	 Envirotech Corp.
	 Erico Products Inc.
	 Eriez Magnetics
	 Esmark Inc.
	 Estee Lauder Inc.*
	 Euclid Inc.
	 Eutectic Corp.
	 Evapco
	 
	 FMC Corp.*
	 Federal-Mogul Corp.*
	 Ferro Corp.*
	 Fisher Controls International Inc.
	 Fluor Corp.*
	 Foote Cone & Belding Communications Inc.*
	 Franklin Electric Co. Inc.*
	 Fruehauf Corp.*
	 
	 GAF Corp.*
	 GATX Corp.
	 The Getz Corp.
	 Gillette Co.*
	 Goodyear Tire & Rubber Co.*
	 Grey Advertising Inc.*
	 Grolier Inc.*
	 
	 Frank B. Hall & Co. Inc.*
	 Harnischfeger Corp.*
	 The Harper Group*
	 Heinemann Electric Co.
	 Heublin Inc.
	 Hewlett-Packard Co.*
	 H.H. Robertson Co.
	 Hoover Co.*
	 Huck Mfg. Co.
	 Hughes Tool Co.
	 Hydro-Air Engineering Inc.
	 
	 ICS-International
	 IMS Intl. Inc.*
	 ITT Corp.*+
	 Ingersoll-Rand Co.*
	 Intergraph Corp.*
	 Intl. Flavors & Fragrances Inc.*
	 The Interpublic Group of Companies Inc.*
	 ITT Corp.
	 
	 JWT Group Inc.*
	 Johnson & Johnson Co.*
	 S.C. Johnson & Son Inc.*
	 Jordache Enterprises Inc.
	 Joy Manufacturing Co.*
	 
	 Kellog Co.*
	 Kendavis Industries Intl. Inc.
	 Kennametal Inc.*
	 KFC Corp.
	 Kimberly-Clark Corp.*
	 Koehring Crances & Excavators
	 
	 L & M Radiator Co.
	 Leco Crop.*
	 Leeds & Northrup Co.
	 Loctite Corp.*
	 Longyear Co.
	 Lubrizol Corp.
	 Lykes Brothers Steamship Co. Inc.
	 
	 MGM\UA Entertainment Co.
	 Maremont Corp.
	 The Marmon Group
	 Marsh & McLennan Cos. Inc.*
	 Masonite Corp.
	 Measurex Corp.
	 Medtronic Inc.*
	 Memorex Corp.
	 Merck & Co. Inc.*+
	 Metallurg Inc.
	 Midland-Ross Corp.*
	 Millipore Corp.
	 Mine Safety Appliances Co.*
	 Minnesota Mining & Mfg. Co.*
	 Mobil Oil Corp.*
	 Monsanto Co.*
	 Muller & Phipps Intl. Corp.
	 
	 NCR Corp.*
	 Nabisco Brands Inc.*
	 Nalco Chemical Co.*
	 National Education Corp.
	 National Starch & Chemical Corp.
	 National Standard Co.
	 A.C. Nielsen Co.
	 Newmont Mining Corp.*
	 Northrop Corp.
	 Norton Co.+
	 
	 The Ogilvy Group*
	 Olin Corp.*
	 Otis Group Inc.
	 Owens-Illinois Inc.*
	 
	 Pan American World Airways Inc.*
	 Parker Hannifin Corp.*
	 Parker Pen Co.
	 Peabody Intl. Corp.
	 Pfizer Inc.*
	 Phelps Dodge Corp.*
	 Precision Valve Corp.
	 Preformed Line Products Co.
	 
	 Quaker Chemical Corp.
	 
	 Ramsey Engineering
	 Raymond Intl. Inc.
	 Raytheon Co.*
	 Reader's Digest Assoc. Inc.*
	 Redken Laboratories Inc.
	 Redland Braas Corp. (sic)
	 Reed Mining Tools Inc.
	 Rexnord Inc.*
	 Reynolds & Reynolds Co.*
	 R.J. Reynolds Industries Inc.*
	 Richardson-Vicks Inc.
	 Riker Laboratories
	 
	 Salsbury Laboratories Inc.
	 Schering-Plough Corp.*
	 G.D. Searle & Co.
	 Sentry Corp.+
	 Sigmaform Corp.*
	 SmithKline Beckman Corp.*
	 Sohio Chemical Co.
	 Sperry Corp.* (Unisys)
	 Square D Co.*+
	 Squibb Corp.*
	 Standard Oil Co. (Ohio)*
	 L.S. Starrett Co.
	 Stauffer Chemical Co.
	 Steiner Corp.
	 Sterling Drug Inc.*
	 Sybron Corp.
	 
	 Tambrands Inc.*+
	 Technicon Corp.
	 Tenneco Inc.*
	 Texaco Inc.
	 Timken Co.
	 Titanium Industries Inc.
	 Tokheim Corp.*
	 The Trane Co.
	 Trinova Corp. (Libbey-Owens-Ford Co.)*
	 Triton Group Ltd. (Simplicity Pattern Co.)
	 Twentieth Century Fox Films Corp.
	 Twin Disk Inc.*
	 
	 UAL Inc. (Allegis)
	 U.S. Corp. (USG Corp.)
	 Union Camp Corp.*
	 Union Carbide Corp.*
	 Unisys Corp.* (Sperry/Burroughs merger)
	 Unit Rig & Equipment
	 United States Lines SA
	 United Technologies Corp.
	 Upjohn Co.*
	 USX Corp. (U.S. Steel Corp.)*
	 
	 The Valeron Corp.
	 Van Dusen Air Inc.
	 
	 Warner-Lambert Co.*
	 Wean United Inc.
	 Westin Hotel Co.
	 Wilbur-Ellis Co.*
	 World Courier Inc.
	 Wynn's Intl. Inc.
	 
	   >>> U.S. Companies w/Indirect South African Dealings <<<
	  >>> via Licensing, Distribution or Franchise Agreements <<<
			 >>> as of January 1, 1988 <<<
	 
	 *   Sullivan Principle signatory company as of 4/15/87
			      
	 American Express*
	 American Standard
	 Baxter Travenol Laboratories Inc.
	 Beatrice Cos.
	 CBS Computer Sciences
	 The Coca-Cola Co.
	 Cooper Industries
	 CPC Intl.
	 Cummins Engine Co. Inc.*
	 Eaton
	 Englehard*
	 Exxon
	 Fairchild Industries Inc.
	 Firestone Tire & Rubber*
	 Foster Wheeler*
	 Gates Rubber
	 GE 
	 Gelco Corp.
	 General Foods 
	 General Motors
	 General Signal
	 Gilbert Assoc.
	 Honeywell*
	 IBM
	 John Fluke
	 John Wiley & Sons*
	 Kraft
	 Motorola
	 Navistar
	 Oak Industries
	 Opico
	 PepsiCo
	 Procter & Gamble
	 Rohm & Haas
	 Skok Systems
	 SPS Technologies
	 The Stanley Works
	 Stone & Webster
	 Sun Chemical
	 The Stanley Works
	 Tidwell Indutries
	 Trans World Airlines*
	 VF Corp.
	 W.R. Grace & Co.
	 W.R. Stamler
	 Warner Communications
	 Westinghouse Electric*
	 
	 Source: Investor Responsibility Research Center
	 
		 >>> Foreign Corps. w/Stock Traded in U.S. <<<
		  >>> w/Direct South African Investments <<<
			 >>> as of January 1, 1988 <<<
			 
	 AMCA Intl. Ltd.
	 ASA Ltd.
	 B.A.T. Industries
	 British Petroleum Co. Ltd.
	 Canadian Pacific Ltd.
	 Imperial Chemical Industries PLC
	 Massey-Ferguson Ltd.
	 Moore Corp. Ltd.
	 Nestle
	 Plessey Co. Ltd.
	 Royal Dutch Shell Group
	 Seagram Co. Ltd.
	 Schlumberger Ltd.
	 Shell Transport & Trading Public Ltd. Co.
	 Unilever PLC
	 Volkswagon