Ŀ
Date:          28-Feb-94    TOP FIVE (*)          TOP TEN                  
  DOW HI YIELD PORTFOLIONAV/Shr:     15.4389 NAV/Shr:      13.3478         
                        Yr-to-date:     6.55%Yr-to-date:     -0.16%        
Start:  Nov 1/92        From start:    54.39%From start:     33.48%        
                        Month:         -8.86%Month:          -6.80%        
                        Vs DJ30:        3.11 Vs DJ30:         1.92         
Ĵ
 Shares         Security        Cost    Price        Mkt Val  Asset%  Yield  
Ĵ
   1275 Woolworth *        28,975.13   22.000      28,050.00   18.16%  5.27% 
    535 Philip Morris *    28,897.05   56.000      29,960.00   19.40%  4.64% 
   1460 Union Carbide *    28,862.55   23.875      34,857.50   22.57%  3.14% 
    600 Dupont *           28,662.00   53.250      31,950.00   20.69%  3.31% 
    895 Merck *            28,862.48   32.375      28,975.63   18.76%  3.46% 
        Cash                                           92.23    0.06%        
        Dividends                       -             538.48    0.35%        
                          ----------              ----------                 
                          144,259.20              154,423.83           3.94% 
                                                                             
   1175 Woolworth          26,705.63   22.000      25,850.00    9.68%  5.27% 
    495 Philip Morris      26,684.85   56.000      27,720.00   10.38%  4.64% 
   1345 Union Carbide      26,683.45   23.875      32,111.88   12.03%  3.14% 
    560 Dupont             26,753.80   53.250      29,820.00   11.17%  3.31% 
    825 Merck              26,608.13   32.375      26,709.38   10.01%  3.46% 
    390 Texaco             26,638.95   64.875      25,301.25    9.48%  4.93% 
    405 Exxon              26,548.28   64.875      26,274.38    9.84%  4.44% 
    370 JP Morgan          26,477.35   68.125      25,206.25    9.44%  3.52% 
    420 Eastman Kodak      26,480.10   43.000      18,060.00    6.77%  4.65% 
    105 Eastman Chemicals              41.750       4,383.75    1.64%  4.79% 
    275 Chevron            26,736.00   86.625      23,821.88    8.92%  4.04% 
        Cash                                          144.48    0.05%        
        Dividends                                   1,553.49    0.58%        
                          ----------              ----------                 
                          266,316.53              266,956.72           4.20% 

