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Future Is East for German Business 


By Rick Atkinson 

MD! Pm Service 

~ anto ®aker Audi AG. 
a s f l* lure “ demonstrated in 

U> build car engines. 
WiK Lhe “^dbr Jimgherarich. that 
}fi“ d* 0 ** seen m a S24 million motor 
fa ^°7 «*«duled to open nest month. 

Ami for the chemical conglomerate Hen- 
set, irs a new $9 million cosmetics plan t with 
w employees on the payroll 

Yet none of these investments in the Ger- 
man tomorrow can be found in Germany 
itsetf. Audi’s plant is in Hungary, Junehein- 
neb s is in the Czech Republic, and Henkel’s 
is in Poland. For these three enterprises, like 
thousands of similar German ventures large 
“d small the future lies to the East. 

Poshed by economic necessity, pulled by 
history and geography, Germany is slowly 
reforgmg commercial pohtical and cultural 
hnks with Eastern Europe. For younger West 
Germans, the East is a new frontier, a virgin 
land of opportunity beckoning those with 
entrepreneurial panache. 

For many, the prospect of a skilled work 
force in a region where labor costs average 


only 9 percent of those in Western Germany 
mfas salvation from the crushing expense of 
doing business at home. Eastern Europe's less 
stringent environmental regulations come as 
an added advantage. 

Although this latter-day Drang nach Osten 
(pu sh to t he East) has awakened ancient fears 
of German hegemony, Germany’s presence 

US. aides have repudiated remarks about 

Gennaqy mule by a diplomat. Page & 

in Eastern Europe is still relatively modest 
Total direct investment by German compa- 
nies is about S2 billion, putting Germany 
second to the United States among foreign 
investors in the East, according to a report by 
Deutsche Rank Research. 

“Since the Soviet empire collapsed, there 
has been a perception in Britain and the rest 
of Western Europe that Eastern Europe 
would become a German colony," Werner 
Hoyer, parliamentary whip for Germany’s 
Free Democratic Party, said in an interview 
in Beam. "But the figures do not substantiate 
that at all We knew that because there was 
this concern about us, or even a fear of 


German influence, we had to say, ‘Fine, come 
on in with us.'" 

Kurt Kasch, senior vice president of Deut- 
sche Bank's regional office in Berlin, added: 
“These Eastern European countries are our 
natural markets. They’re right next door. As 
for the fear that we will colonize (hem. 
France, which is also right next door, is our 
biggest trading partner by far and nobody 
says, ‘Oh, Germany is going to dominate 
France.' " 

Still anxiety persists. Few doubt that Ger- 
many “is the 900-pound gorilla in the Europe 
of the future," as a senior U.S. diplomat in 
Bonn put it. French officials have hardly 
concealed their concern that German preoc- 
cupation with Eastern Europe could weaken 
French influence within the European Union 
and shift the Continent’s center of gravity 
eastward. 

The writer Conor Cruise O'Brien gave 
voice to the fears of many when he wrote in 
an essay last winter, "East of the Rhine there 
is emerging, in ail but name, a new German 

See GERMANY, Page 14 


Serb Units Press Assault 
On Gorazde Despite Pact 


Compiled by Our Staff From Dispatches . 

SARAJEVO, Bosnia- Herzegovina — Bosni- 
an Serbian forces resumed shelling Gorazde on 
Sunday and sent tanks into the dry, causing 
panic and confusion in (he Muslim enclave. 
United Nations relief officials said. 

UN officials said Sunday that Bosnian Mus- 
lim defense Hnw around Gorazde had disinte- 
grated, and Serb forces could capture it any time. 
A peacekeeping face spokesman said there was 
nothing more the United Nations could do with 
a limited mandate to protect the city. 

Yasushi Akasbi. the United Nations special 
envoy, said Serbian leaders had agreed to a 
cease-fire, but that Gorazde “r emains under 
serious threat." 

“Serb forces surround the city at short dis- 
tance." he said. “Shooting and shelling have 
subsided but intermittently continue. Tanks 
withdraw but reappear.” 

In the United States, President Bill din ton 


said it was unlikely that the North Atlantic 
Treaty Organization would conduct air strikes 
to protect Gorazde due to the proximity of 
Serbian forces to UN observers and civilians in 
the city. 

Mr. Gin ton said the United States, through 
NATO, remained willing to respond to UN 
requests for mibiary support But be added, 
“We have a diplomatic role and we are doing 
our best to fulfill it.” 

Mr. Akashi said the Sobs had freed some of 
the 200 UN hostages taken in retaliation for 
two NATO air raids last week on the Serb 
forces besieging Gorazde and had agreed to let 
the UN airlift wounded people out of the city 
cm Monday. 

But summarizing talks be had with the Bosni- 
an Serbian leader, Radovan Karadzic, and the 
Muslim pres dent of Bosnia, Alija Izetbegovic, 
Mr. Akashi said they had fallen short of their 


Former Communist States 
Feel Stranded by EU Club 


By William Drozdiak 

Washington Peat Service 

PARIS — An invitation to a dinner «wd a 
chance to discuss the fate of Europe seemed too 
good to miss, so foreign ministers from six East 
European states eagerly flew to Brussels last 
month to meet their 12 colleagues fr om the 
European Union. 

The ministers from Poland, Hungary, Bul- 
garia, Romania, Slovakia and the Czech Re- 
public had one subject on their minds: how to 
persuade their counterparts from the prosper- 
ous EU toopen up their markets as well as their 
aid budgets and hasten the day when the East- 
ern nations could be accepted as full and equal 
partners in the Western “country dub." 

But the Eastern ministers never got to open 
their mouths, for food or conversation. As they 
waited for their hosts to show up, the ministers 
received word that the EU members were loo 
embroiled in tense negotiations with Sweden, 
Austria, Norway and Finland to attend the 
dinner, like unwelcome orphans, the doleful 
Easterners were sent home. 

Nearly Gve years after they rebelled against 
their Soviet masters and brought down Com- 
munis*. regimes like dominoes the nascent d©-- 
mocrades in Central and Eastern Europe are 
comolauring more loudly than ever that their 
Western neighbors are leaving them stranded 
without a secure pofiticaJ or economic destiny 
— and next to a Russia in the throes of resur- 
gent nationalism. 

The East Europeans say a $24 bflhan aid 
program by the E u and its member states has 
lapsed into a cynical farce. The lion’s share of 
the money has found its way to Western banks 
and en t e rprise s in the form of loans at standard 
interest rates, rescheduled debts and payments 
io Tifcfrtricid consultants. Only a fraction of this 


assistance has reached the East in outright 
grants, according to a study by the United 
Nations Economic Commission fa* Europe. 

After the Western allies barred the door to 
early membership in the North Atlantic Treaty 
Organization, the Eastern states have tinned 
their attention to the EU in hopes of accelerat- 
ing their economic integration with the West. 
Hungary applied to join on April 1. Poland may 
soon follow suit along with the Czech Republic 
and Slovakia. Even Prime Minister Viktor S. 
Chernomyrdin of Russia has talked of filing 
this year for EU membership. 

Despite frequent appeals for greater trade 
with tne West and not aid, the Eastern states 
have been largely shut out of the sectors in 
Modi they might compete most effectively, 
such as steel coal textiles and agriculture. 

Yet, at a time when Western governments are 
facing social turmoil because of high unem- 
ployment in those areas, they are mutant to 
make more than token openings to the East. 

As a result, the EU*s trade surplus with the 
East is growing at an embarrassing and alarm- 
ing rate. In 1990, the 12 EU countries bought SI 
biflion worth of goods more from the East than 
they sold. In 19% that deficit tamed into a 55 
bflhon surplus Oat will expand even more this 
year as conscmers in the East spend fredy for 
products made in the West while the Eastern 
states struggle to break into Western markets, 
even if their goods are modi cheaper. 

“The bottom line is that no government 
wants to be run out of office because of more 
lost jobs, even if that would bdp the Eastern 
states," a senior EU official said. Trance will 
protect its fishermen and farmers, the Germans 
their steelworkers and coal miners, and an the 
great speeches about the duty to bring new 

See EAST, Page 6 


A New Entry Scrambles 
Japan ’s Political Puzzle 


By David E. Sanger 

'New York Times Service 

TOKYO — Japan’s search for a new prime 
minister and a semblance of political stability 
was overturned Sunday when one of the long- 
time leaders of the Liberal Democratic Party, 
which governed the country for 38 years until 
last summer, said he was defecting and would 
create an alliance with the rocky coalition now 
running the nation. 

Mlchio Watanabe, a 70-year-old former for- 
eign minister, said be was bolting from the 
party, with an unspecified number of his fol- 
lowers, in a last-ditch bid to become prune 
c'Sr. Mr. Watanabe has been »H for son* 
tinie with what is widely believed w ^ “incer. 

and is said to view the current turmoO as ms last 

chance to hold the post. u/otanaVl( , , K 

Political analysts said ^ Mr- Wa^abes 
chances of succeeding were shm, and that ine 
most likely choice for prime minister remained 
Tsutomu Hata. the current 

jsrst™ of - " 

SC Even* if Mr. Watanabe does not become 
pr^ntinS. his deration Sg-ft 
speed the Liberal Democratic Party s slow ms- 
iotegration, a process that began tot summer 
jSWorien ted group within the party 

left and 
While 

Mr. Watanabe would ne me 
major faction of the party to abando smP-^ 
Assuming that roughly half 

bers offels faction exit ^ Kertan 
leave the Liberal Democrats 
200 of the 511 seats in 
Newspapers have called his departure 
plete break with the old order. 

“It win be impossible to sropthe 32 
ward political realignment based 
ideas id polidoid beyond 
of parties and factions," said sn editonsl to 
Yomiuri Shimb im. 

; *. Newsstand Prices^ — 

Andorra .....9.00 FF Luxembourg 6DL Fr 

Antilles 1U0 FF fiSE^’T&RlS 

Cameroon..l^OOCFA Qatar....-- 

S9VP» E. P.5000 HSii SilR. 

France .9.00 FF SSgallwOCFA 

Gabon 960 CFA Sr,”.200 PTAS 

Greece 300 Dr. Tunisia ... . 1-000^15 

Ivory Coast .1.120 CFA TurkCV -T . ■ L- 

Jordan .1 JD UJLE.~£»gfS 

Lebanon ...USST.50 U.S. MtUEurJSll^ 


Mr. Watanabe made little effort to justify his 
move on grounds of ideology, though he did 
talk about the need to “form a cabinet of 
national salvation to overcome our prescai dif- 
ficulties. H ' 

He made it dear that his primary motive was 
ambition. 

“I cannot become prime minister with only 
the support of the LDP" Mr. Watanabe said. 
“So, as a matter of course, I will quit my party 
membership,” . 

Other members of his faction — a group once 
headed by framer Prime Minister Yasuhiro 
Nakasone — said they expected Mr. Watanabe, 
a well-known conservative, to form his own 
party and ally with the conservative wing of the 
governing coalition. But the liberal Democrat- 
ic Party is expected to try to prevent the defec- 
tion, probably in a meeting Monday between 
Mr. Watanabe and Yohri Kona, the party’s 
president. The two men do not get along; Mr. 

See JAPAN, Page 2 


Kiosk 




Algeria Pro] 
Foreign Debt Deal 

TUNIS (Renters) — Algeria has applied to 
the Paris Chb of creditors to reschedule its 
foreign debt, the central bank said Sunday. 

Tbereschedulmg would reduce debt servic- 
ing Ity nearly $4 billion for 1994 and by S5 
billion over the April 1994-March 1995 peri- 
od erf a standby accord with the International 
Monetary Fund, the bank said in a statement 
received in Toms. 

Patricia Wells adds 
Britain to the list in her 
search for the world's 

best restaurant. 
Page 7 

QMiml Now* 

put economic Eriks to Eastern Europe first, 
Austria's chancellor says. Q&A, Page Z 
The C6rtons are among Americans payi 
higher taxes this year. P** 


ye 


Books 

Bridge 


Page 4. 
Page 4. 



End Vat/ (Ecu ten 


Bosnian Serbian sokfiers relaxing during a hdl on Sunday before resuming their attack on the besieged MnsSm enebnre of Gorazde. 

In Caning Case, Doubts About Confession 


By Philip Shenon 

Hew York Times Service 

SINGAPORE — Lost in the trans-Padfic 
debate about crime and punishment over the 
mining sentence received by an 1 8-year-old 
American living in Singapore is a question on 
the minds of many Americans here: Did the 
manager , Michael P. Fay, really commit the 
crimes that could now result in six potentially 
skin -splitting lashes from a rattan cane? 

Although Mr. Fay signed a statement last fall 
in which he confessed to spray-painting cars 

during 10 days of vandalism, he has since insist- 
ed to friends and family that the confession was 


coerced during a police bearing and that he is 
innocent erf any crime. 

Lawyers who work within the criminal justice 
system of this authoritarian dty-statc say there 
may be reason to believe Mr. Fay, who had no 
prior criminal record either in Singapore or in 
the United States. 

Interviews with more than 25 people in both 
countries who know Mr. Fay or are acquainted 
with las case suggest that substantial portions 
of his account can be corroborated, possibly 
including his description of a severe police . 
beating of a 15- war-old Malaysian who was 
taken into custody with him in October. 

Mr. Fay has said he signed the confession 


rally after he was daj 
police officers who hd 
nine days with little sta 
to Ins parents or to the 
The teenager said the 
to subject him to hours 


ed and punched by 
him in detention for 
and almost no access 
S. Embassy. 

ice had threatened 
additional question- 


ing in what they called “the air-con room," an 
ice-cold interrogation chamber, unless he con- 
fessed. 

“I would tike to state that this was a total lie I 
gave to the police, because I was only scared of 
what they will do to me,” Mr. Fay said in a 
nine-pags summary of his detention dated Oct. 

See CANING, Page 6 


primary objective of securing an i m mediate 
truce and withdrawal of Serb tanks and artillery 
from Gorazde. 

The Japanese diplomat said that in talks at 
the Bosnian Sobs' headquarters at Pale, Mr. 
Karadzic had promised a pullback. But Mr. 
Akashi said that Serbian forces were uot mov- 
ing. 

The truce had yet to he approved by the 
Muslim-led government in Sarajevo but Mr. 
Izetbegovic had rejected any cease-fire unless 
the Serbs withdrew farther than the distance set 
out in the UN-brokered truce proposal 

“I'm afraid the prospects for immediate im- 
provement of the situation do not look good," 
Mr. Akashi said. “I must say 1 am disappointed 
that negotiations have not so far produced 
tangible, significant results on the ground." 

The Serbian offensive against Gorazde, des- 
ignated by the United Nations as a “safe area," 
is reported to have killed more than 200 people 
and wounded nearly 1,000. 

The Bosnian government says the United 
Nations held back from tougher action to pro- 
tect the Muslim enclave because it was intimi- 
dated by the Serbs' roundup of UN peacekeep- 
ers. 

Mr. Akashi said the Serbs bad freed 19 UN 
soldiers ejected from an observation post inside 
Sarajevo’s cease-fire zone on Thursday and had 
released another 10 percent of the UN person- 
nel held throughout Serbian-held Bosnia. He 
urged Mr. Karadzic to face the rest by midnight 
on Sunday. 

Mr. Karadzic has said his forces did not 
consider Gorazde a “safe area," charging that it 
was used by the Muslims as a starting point for 
attacks against Serbian petitions. 

Mr. Akashi admitted the United Nations had 
a audibility problem and was fll-eqnipped to 
enforce its own resolutions on safe areas. 

“We fed the means at our disposal are not 
sufficient to cope with the situation," he said. 
“We resorted to NATO dose air support but it 
is a very limited, confuted action for self-de- 
fense." 

Mr. Izetbegovic, who had accused the United 
Nations of abandoning Gorazde, said that Mr. 
Karadzic was “only engaged in tactics and 
manipulation.” 

Serbian leaders have had their tights set on 
Gorazde as well as two other isolated enclaves 
to link up with Serbian-held land in eastern and 
southern Bosnia, 

In Geneva, Sylvana Foa, a spokeswoman for 
the UN High Commissioner for Refugees, 

- - SeeGORAZDE,Page6 


Russia’s Power 
Of Persuasion 
Proves limited 


By Steven Erlanger 

New York Tones Service 

MOSCOW — The Russians, icfimaicfl last 
week when NATO brazibed the Bosnian Serbs 
without informing Moscow, were embarrassed 
by the Serbs themselves on Sunday as tanks 
moved into the Muslim enclave of Gorazde, 

Russia’s ability to put pressure on the Serbs 
proved to be as feeble as everyone rise’s, seem- 
ing to underline the weakness of the Russian 
claim of influence over their Slavic brothers. 

No sooner had Foreign Minister Andrei V. 
Kozyrev of Russia returned on Sunday to Mos- 
cow after a24-hour trip to Belgrade, saying that 
he had convinced the Serbian leadership to 
agree to a cease-fire and an artillery-exclusion 
zone around Gorazde, than Bosnian Sob ranine 
started moving into the town. 

Mr. Kozyrev said that the Serbian president, 
Slobodan Milosevic, agreed with theRusanns’ 
“urgent recommendations’ ’ to halt the fi{ 
around Gorazde, lift the blockade, puT 
troops and deploy a contingent of UN fc 
enforce a cease-fire. 

In return for progressive steps toward a gen- 
eral cease-fire in Bosnia-Herzegovina, Mr. Ko- 
zyrev said, “ft would give Russia the chance to 
raise with more perseverance the question of 
tire removal of sanctions” against the Serbs. 

The lifting of United N ations-endorsed eco- 
nomic and mifitary sanctions is a major Serbian 
demand, and Mr. Kozyrev had discussed the 
idea of gradually lifting them with Secretary of 
State Warren M. Christopher. The Americans 
are said to be reluctant to reward the Serbs 
prematurely but understand tire need for incen- 
tives short of Western military involvement. 

Mr. Kctzyrev did caution, however, that 
much will depend on whether the Bosnian 
Serbs comply with the agreements reached with 
Mr. Milosevic. The Russians for some time 
have had a good idea of the value of Bosnian 
Serb promises. 

That understanding was confirmed on Satur- 

See RUSSIA, Page 6 


forces to 


Backstairs at White House , It’s a Shudder a Minute 


By Maureen Dowd 

New York TSma Seva* 

WASHINGTON — We’re having a ser- 
vant problem, darling. 

Or perhaps it’s a public savant problem. 

But one th in g is certain: Ever since the 
Clintons took over the White House m a 
sweep of baby boomer meritocracy, things 
have been rocky in the upstairs-downstairs 
at 


it began, infehmously. when a steward 
walked into the Clinton/ bedroom on one of 
their first mornings in the White House, while 

fl ^oWmisSththe?elp piled up: The Clin- 
tons suspected Secret Service agents of 
spreading gossip about marital spats, and the 
Secret Service did not like the Clinton 
crowd’s way of treating them like Brink's 


guards. Then the White House, trying to 
make a 25 percent staff ait without paring all 
the deputy special assistants to the president, 
began dumping the long-suffering stalwarts 
who keep toe place naming, secretaries and 
switchboard operators. 

Bill din ton spurned the inexpensive bar- 
ber of presidents, M2 ton Pitts, and took up 

^OMMEYTABY ~~ 

with Christopbe of Beverly Hills. The First 
Lady sanctioned the firing of seven members 
of the travel office and then, in a triumph of 
hope over experience, tried to get her bus- 
band’s eating habits under control by booting 
the French chef and his staff. 

The next backstairs shudder came when 
the first lady, axed an usher, Chris Emery, for 


showing “a lack of discretion" in ra Iking on 
the phone with Barbara Bush about the com- 
puter he had programmed fra" her — even 
though White House staff have routinely tak- 
en calls from framer presidents. 

It upasring strange that the Clintons, who 
have spent most erf their married lives in 
public housing, should be so prickly about 
the loss of privacy that comes with the presi- 
dency. Thomas Jefferson called the White 
House “big enough for two emperors, one 
Pope and the grand Jama.” Mr. Clinton calls 
it The crown jewel of the federal penal sys- 
tem.” 

Actually, the center of American democra- 
cy is less like a prison than a colonial outpost, 
foil of retainers and rituals and Filipino 


fly gets baled each month for personal grocer- 


ies and dry cleaning, but otherwise the treat- 
ment is royaL 

“It’s the only place in the world where you 
can still gel finger bowls with geranium leaves 

floating m them at breakfast, lunch and din- 
ner,” says Michael Denver, who worked in 
the Reagan White House. 

Rex Scouten, the White House curator, 
served happily as chief usher for 16 years, 
from Richard Nixon to Ronald Reagan, 
though it curtailed his social cude. 

“You don’t want to travel in circles where 
people ask you made staff about the first 
family, so you get down to the people you 
know won’t ask," he said. “1 didn’t even tell 
my wife things.'’ 

Presidents and first lathes come and go, but 
See STAFF, Page 6 


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INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 



How a Japan * Outsider 9 Can Be an Auto Industry Guru 


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By Steven Brull 

Inumuiona / Herald Tribune 

TOKYO — As an economics 
student in his senior year at Tokyo 
University, Takahiro Fujimoto 
persuaded some of his old friends 
from high school to conduct a 
research project that compared 
the productivity of two village irri- 
gation systems. He did the un- 
thinkable here by selecting stu- 
dents at other universities 
immersed in different disciplines 


s 

asional series V 


Up and 
Comint 

An occasional series 
about the leaders 
of tomorrow. 


— from sociology to Marxist eco- 
nomics to geography. 

One irrigation system was a 
modem structure built with un- 
derground pipes, the other a 200- 
year-old open-channel complex 
that caused conflicts among vil- 
lagers. The researchers discovered 
that the conflict inherent in the 


ridual company strengths than by 
regional business differences. 

“Up until now, the Japanese 
players haw tended to treat com- 
petition, conflict and cooperation 
as discrete issues to be dealt with 
separately,” he said “One result is 
they have surged ahead in the area 
of competition at the expense of 
other concents, causing them to 
overreact to conflict when it oc- 
curs. They will have to leant from 
European and North American 
players bow to view competition, 
cooperation and conflict as sub* 
systems of a single game” 

Mr. Fujimoto regards manufac- 
turing companies as information 
systems, a perspective that sees 
the process from product develop- 
ment to production as “flows and 
stops and exchanges of informa- 
tion.*' 



‘Many people are pushing 
1 just do 


Smto Bnd/IHT jjj 


me 

to write" books, but I just don't 
have time," Mr. Fujimoto says. 
“Writing a book is the final stage. 
My first priority is to write a 
bunch of papas and present them 
in conferences.” 

Cars also hold a major place in 
his leisure time, since he likes to 
go on country drives with his wife 
and 8-year*oW son. “Driving is ® 
my blood, it's my relaxation. 1 like 
to drive randomly, to just go and 
find a place to stay. I can pull onto 
anyroad I wanti" He is a modem- 
jazz fan who is partial to such 
pianists as McCoy Tyner and Don 
Pullen. 

Mr. Fujimoto has a dose rela- 
tionship with his meat or, Mr. 
dark of Harvard. He spends time 
Cambridge, Massachusetts, 


Car companies, he says, are 
really in the business of packaging 


Takahiro Fujimoto: A car is actually an information bundle, each summer, conferring with the 


and delivering information. 
“What we consume eventually is 


By virtue of his post at Tokyo 


old system created in the commu- 
nity a set of tacit rules and infor- 
mal communication, while the 


modem system had no impact on 
the community. 

“That’s why the old system has 
survived for 200, 300 years, and 
why I doubt the modem one will 
survive,” Mr. Fujimoto says. - 

Now an associate professor of 
business administration at Tokyo 
University, Mr. Ftijimoto kept the 
lessons of the irrigation project in 
mind as be became a leading 
thinker about the Japanese auto- 
mobile industry. 

While many see the major car 
industries in Japan, Europe and 
America heading toward collision, 
he views conflict, competition and 
cooperation as equal parts of a 
competitive game whose winners 
Alfred 


will be determined more by Indi- 


an information bundle rather than 
a product; not a car, but an expe- 
rience that is developed jointly by 
consumers and companies." Co- 
operation and conflict thus be- 
come equally important because 
they contribute to the information 
network that is the essence of their 
business. 

Although pundits have for 
years predicted a shakeout among 
the world's auto assemblers, Mr. 
Fujitnoto's concept supports the 
opinion that even small compa- 
nies can survive by participating 
in global networks. 

“If you believe in a network 
rather than classical competition, 
you may not want to believe in the 
view that only 10 companies will 
survive in the world,* he says. 
“Many companies with various 
levels of independence will be able 
to survive as long as they have 
some distinctive resources or po- 
litical power which they can ex- 
change lo join the network." 


University, Mr. Fujunoto, 38, has 
reached the 


pinnacle of Japan’s 
academic hierarchy. But he re- 
mains an outsider in the country’s 
educational caste system, which 
suffers from inbreeding; Too 
many professors teach at the 
schools they attended and have 
little experience at odw universi- 
ties and too few have any experi- 
ence abroad orin tbe private sec- 
tor. 

In addition to tbe six years he 
spent to earn a doctorate in busi- 
ness administration at Harvard in 
1989. Mr. Fujimoto worked five 
more years at the Mitsubishi Re- 
search Institute, a leading private 
think tank. Moreover, whereas 
most Japanese academics are coa- 
tent to associate among them- 
selves and cogitate in broadly dis- 
persed theoretical ethers, Mr. 
Fujimoto is committed to inter- 
disciplinary and empirical orien- 
tations. 

“People outside this university 
have certainly criticized me for 


being too narrow,” he notes. “But 
communication with practitioners 
is research for me. In fact, it’s my 
mam business.” Tbe risk, though, 
is that by not fitting into a precon- 
ceived slot, his appearance in Ja- 


prof essccr as his son attends camp. 
Then be 


pan is blurred, “f m son of eva^ 


where and somehow nowhere,' 
says. 

Mr. Fujimoto’s publications are 
scattered across journals from dif- 
ferent disciplines, from tbe Har- 
vard Business Review to tbe De- 
sign Management Journal, the 

Journal of Technology and Engi- 
neering Management and the 
Journal of the Japanese and Inter- 
national Economies. 

His book, “Product Develop- 
ment Performance,” co-written 
with Kim B. Clark of Harvard, 
was published in English in 1992, 
and subsequently in Japanese, 
Italian and German. Tbe book 
discusses tbe role of product man- 
agers in championing concepts 
throughout a production process 
to ensure product integrity. 


tbe family, to St 
Martin in the Caribbean, where he 
has a time-share contract for a 

owi fj r«YiiTjTOm. 

His connections to American 
scholars have facilitated the first 
academic research into Japan's 
car companies from an interna- 
tional perspective- His work has 
debunked the notion that the 
famed Toyota lean production 
system is a unique approach to 
braiding cars; instead, he says, it 
evolved from Ford’s production 
processes. 

This is slightly different from 
the view espoused in the book, 
“The Machine That Changed tbe 
World,” a classic work on the auto 
industry from the Massachusetts 
Institute of Technology. A chap- 
ter is based on Mr. Fujimoto’s 
doctoral research, bot tbe dara arc 
interpreted differently. 

“Their message is that region 
matters, but mine is that tbe indi- 
vidual company matters,” he says. 
“The Toyota system is not that 
unique, it's always the product of 


evolution, if you look at tbe 
Toyota system from a particular . 
point of view, it is Super-For- 
dism.” . . , 

The mass-media depiction of 
competition among automakers 
as a Kind of international football 
game is misleading, Mr. Fujunoto 
contends. A more realistic analo- 
gy, he says, is the marathon, where 
the concept of national teams 
does not apply; what's important 
is who is in the group of leading 
runners. 

Panning that analogy, he says 
that Western car companies have 
borrowed, and, in some cases, im- 
proved on Japanese production 
q riwhnds, jo ining the frOM-run- 
jiTTig pack in a trend that will tend 
to infld to a merging of different 
manufacturing approaches. 

“When tbe marathon becomes 
a dose competition and the lead- 
ing group becomes more interna- 
tional, there wffl be more opportu- 
nity for international mutual 
learning. ” be soys. “The Western 
maker s may continue to learn 
some of the lean production prac- 
tices from the East, while the Jap- 
anese may learn tbe West’s con- 
cepts of lean products and sales. 
Asa result cf mutual learning, we 
may see more hybridization of the 
systems, which may create conver- 
gence and variety of firms' capa- 
bility at the same time.” 

Mr. Fujunoto says his focus on 
cars is coincidental, tbe result of 
his being assigned to the industry 
when he joined tbe Mitsubishi Re- 
search Institute after graduating 
from Tokyo University. 

But he admits to tbe influence 
of his grandfather. George, who 
moved back to Japan early this 
century after abandoning a career 
as a farmer near Seattle. His 
grandfather was also a mechanic, 
car dealer, chauffeur and a racing 
matt* of Soiidnro Honda. Most 
important, be took his grandson 
to the motor show every year. 


WORLD BRIEFS 


Dublin Set for ’Sacrifices’ on Ulster 


said Sunday that 
to win peace in 


LONDON (AFP> — Foreign Minister Dick 
Ireland was ready to make “constitutional sacnfi 

^“MSnk^ovemdmg ambition is peace and we haw said in the 
context of an overall settlement that we are prepared to make changes to 
our constitution," Mr. Spring told BBCmho. I think people are 
oreoared lo make constitutional sacrifices." 

On Saturday, Prime Minister Albert Reynolds propped guarantiee g 
that both Roman Catholics and Protestants be represented m the govern- 
ment of a future united Ireland- He said he would favor guaranteemg fhe 
two communities 30 percent of government positions, shared according 
to the proportion of their populations in tbe province. 


— « - 

Youths’ Deaths Spark Lyon Rampage 


Jl .J M. V* 

LYON (Reuters) — Gangs of youths rampaged for the second succes- 
sive night in the depressed suburbs of Lyon, France’s third-large# ary, 
burning down a school gymnasium and setting a shopping mall ablaze. 


ihepouce said Sunday. 


MW JU HU fl J t 

inc unrest was set off by the deaths of three youths in a stolen car 
which crashed cm Thursday after a poficeman at a roadblock fired shots 
at the car. 

Youths used a car as a battering ram to break down the doors of a 
gymnasium in Bron eariy Sunday and set fire to the building wiih 
gasoline bombs, the police said. Damage was estimated at 5750,000. In 
ncari>y RiBrax-la-Pape, youths threw gasoline bombs from a car, setting 
fire to a pharmacy and a shopping center, . . 


Hong Kong Protest Backs Reporter 

jle marched Sunday to 
i Hone 


Q&A: Broader Economic Ties to Eastern Europe Are a Priority 


TRAVEL UPDATE 


Franz Vranitzky, the Austrian 
chancellor, will be at the While 
House on Wednesday for a meet- 
ing with President Bill Clinton 
that is expected to focus on the 
economies of Eastern Europe 
and the conflict in former Yugo- 


slavia. The 56-year-old Social 
Democrat, a former banker , 
spoke with Alan Friedman of the 
international Herald Tribune. 


Q. Wbat message will you be 
taking to Mr. Clinton? 

A I will be telling him that one 


of the major priorities for Europe 
and the United States should be to 
broaden economic ties is Eastern 
Europe on a multilateral baas. 1 
will propose that we coordinate 
new efforts to support investment 
in infrastructure projects such as 
high speed rail transport, telecom- 


munications, and energy. I am con- 
vinced that the way they lag behind 
in these and other economic areas 
in Eastern Europe is a reason why 
they are not successful in bringing 


and prospects for economic re- 


about political stability. 

But what are the specifics of 


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your initiative? And who will pro- 
vide the money? 

A. I think we should get together 
a number of governments, pool our 
resources, and concentrate on help- 
ing to finance these infrastructure 
projects in five or six countries. We 
should offer know-how, manageri- 
al expertise and the financial 
framework. The way to do this: is 
through subsidies of exports from 
the private sector. We can also do 
more through the International 
Monetary Fund, the World Bank, 
and the European Bank for Recon- 
struction and Development. 

Q. The IMF has had a very bard 


time in Russia, andits recent prom- 
n loans 


isc of a further $1J billion of loans 
was held up for many months be-', 
cause of concern about Moscow’s 
lade of progress on economic re- 
form. Hcnv do you expect to do any 
more through tbe IMF and other 
institutions? 

A I will also be meeting in 
Washington with Lewis Preston, 
the World Bank president, and Mi- 
chel Camdessus, tbe IMF manag- 
ing director, and 1 will be urging 
them to consider new actions. It 
can be a risky business in Russia, 
but slaying away will not give us 
tbe answer either. 


form? 

A Chernomyrdin came to Vien- 
na two months ago and we talked a 
lot about industry- It seems every- 
body is concentrating on whether 
Yeltsin will succeed in getting 
along with his political opponents, 
but 1 think we should work to 
strengthen management in Russian 
industry. As for Chernomyrdin, he 
is definitely more conservative than 
others, but we should give him tbe 
benefit of the doubt His approach 
at least offers a slim chance of com- 
pleting tbe work of reform. 

Q. What is your opinion of Vla- 
dimir Zhirinovsky, the extreme na- 
tionalist Russian pohtkian? 

A He is not somebody I would 
be interested in cooperating with. 
But it is not enough to complain 
about Zhirinovsky. We have to get 
rid of the economic preconditions 
that create people like him. 


Q. What do you think of the 
situation in the former Yugoslavia? 

A Military intervention by the 
international community was a 
necessary step, even if a drastic 
one. It is now quite dear that the 
intervention has to go ahead. The 
utmost priority is to stop the fight- 
ing. I have been in touch with Euro- 
pean leaders on this subject, and 
Austria is cooperating on over- 
flights and logistical support for 
the NATO allies. 


Q. Over the last year you have 
met with both President Boris N. 
Yeltsin and Russia’s prime mims- 
Mnyrdin. What 
of these men 


Q. Next January Austria is 
scheduled to become a member of 
the European Union. But this de- 


ter, Viktor S. Chernomyrdin. What 
is your assessment 


pends on a referendum on June 12. 
The pc 


polls indicate just over 50 per- 
cent support for Austria joining. 


How sure are you that the voters 
wffl support membership? 

A In the last few days we re- 
ceived tbe final version of our con- 
tract and the cabinet approved it 
and sent it to parliament. I am 
confident that we will have a ma- 
jority of yes votes in the referen- 
dum. 

Q. In neighboring Italy a rightist 
coalition led by Silvio Badusconi is 
forming the next government. 
What is your impression of the re- 
cent Italian election results? 

A It was quite dear that tbe old 
system there was Dot tolerable any 
longer. Now we will see what we 
have got. It is in Europe's interest, 
and in Austria's interest, that Italy 
gets a government which can lake 
decisions and be & reliable partner. 
I am. however, concerned about the 
rightists and especially the neofas- 
dsts. who came out of the election 
with more power. 

Q. Do you see the success of 
extremist parties as a new Europe- 
wide trend? 

A I hope it is not, but at any rate 
these political extremists are hav- 
ing more success. 

Q. In Marrakesh some 125 na- 
tions have just signed the Uruguay 
Round accord under die General 
it on Tariffs and Trade: 
you be discussing trade with 
President Oinion? 

A Yes 1 will, and 1 dunk it is 
important that we develop our sys- 
tem so it never leads back to pro- 
tectionism. 1 also think we should 
overcome considerable discrepan- 
cies in social standards, in workers’ 
rights and levels of income in vari- 
ous parts of the world. We should 
use free trade as a tool to improve 
standards of living. 


Airline Insecticide Spraying Assailed 

WASHINGTON (NYT) — Transportation Secretory Federico F. 
Pcfia has called for more than 20 foreign governments to slop spraying 
passenger compartments with insecticide before aircraft arriving from 
outride their borders can land. 

Pi ling health dangers created by the spraying, Mr. P efts said is a letter 
to transportation officials around the world that the United States would 
begin warning travelers to countries that continued the practice. The 
spraying is done in countries in tbe Caribbean, Sooth America and the 
South Pacific. ... 

About 30 min ings before a flight lands, the plane's interior is sprayed 
to keep disease-bearing pests out of the countries. Officials of the 
Environmental Protection Agency say passengers inhale the insecticide. 

He U-S. National Park Service wants to Increase visitor fees to the 
parks to as much as 55 pa - person and ease restrictions against private or 
corporate donations to tbe public lands. The proposal needs congressio- 
nal approval. fLAT) 

GasoBoe stations in Italy wffl dose for three days, beginning Tuesday, 
in a nationwide strike to protest deregulation of prices. (AP) 

Tbe Budapest Jewish Museum has reopened, four months after valu- 
able artworks were stolen, tbe MTI news agency said. The new exhibition 
follows the lines of the old one, with one room dedicated to the 
Holocaust, in which 600,000 Hungarian Jews died. {AFP] 

Congo has pulled its troops off the streets of Brazzaville, the capital, two 


weeks after they were deployed throughout the city to boost security, 
witnesses said. No official explanation was given to 


lo official explanation was given for the withdrawal 
Political and ethnic fighting (hat divided the city last year has given way 
to isolated acts of banditry and violence. (Reuters) 

Qatar Airways will start twice-weekly flights from Doha to London in 
Jane, with connections to Vienna and Munich to begin soon after, airline 
officials said. The carrier also plans to begin weekly service from Doha to 
Colombo next Tuesday and to Amman. Jordan, in June. ( AFP) 

This Week’s Holidays 

Banking and government offices will be closed or services curtailed in 
the following countries and their dependencies this week because of 
national and religious holidays: 

MONDAY: Belarus, Puerto Rico, Zimbabwe. 

TUESDAY: SSem Leone. Swaziland. Uruguay, Venezuela. Zimbabwe. 
THURSDAY: Baza, Iceland. 

SATURDAY: Turkey. 

Sources: J.P. Morgan, Reuters. 


JAPAN: Watanabe, a Senior Liberal Democrat, Defects to Join Race for New Prune Minister 


Gontitmed from Page I 


Kono won his position last year by 
beating out Mr. Watanabe. 


Tbe defection would add to the 
confusing mass of parties and alli- 
ances that have been created in 
pearly a year of political confusion 
in Japan. But over the long term, 
after minor parties consolidate or 
disappear, the likely outcome is the 


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creation of two or three conserva- 
tive parties that will vie to run tbe 
country. 

To realize that virion, Mr. Wa- 
tonabe is expected to ally with 
Ichiro Ozawa, tbe country’s shrew- 
dest behind-the-scenes politician 
and tbe man who appears to be 
engineering tbe remarkable reor- 
dering of a political system that 
dominated Japan from 195S until 
last summer. 

Tbe two men share a dose ideo- 
logical base: Both have called for a 
revision of Japan's constitution to 


:mU- 

itory to participate in United Na- 
tions peacekeeping operations and 
to play a broader role in the world. 
Their critics contend that any 
amendment to its “peace constitu- 
tion” would put Japan an tbe road 
to becoming a full-scale military 
power, a role is has eschewed for 
half a century. 

But Mr. Watanabe is no reform- 
er, and be would hardly be wel- 
come by the left wing of tbe coali- 
tion. Many members of the Social 
Democratic Party, the largest party 


in the coalition, have threatened to 
leave if Mr. Watanabe — whom 
they associate with the old, corrupt 
and conservative Liberal Demo- 
cratic Party — suddenly joins the 
coalition. 


^ ask the butter... 




13 


N-G-A-P-O-R-E 


Vktr* il «*7 thi%i jtr meet it re it. 


The mystery in Tokyo on Sunday 
night was whether Mr. Watanabe 
could bring enough defectors with 
him to make up for the number of 
coalition members who would 
leave rather than see him join rh«»m 
That number is probably at least 60 
members of parliament, and try 
most estimates he will not come 
close. 


Still, the move created a number 
of posable scenarios. 

The first is that Mr. Hata would 
become the prime minister. He is 
tbe most acceptable to all parties in 
the coalition, and they have spent 
the weekend working out a policy 
paper that gives priority to pasting 


a long-stalled budget, reforming 
the tax system and pledging & 
abide by any UN detasion os re- 
posing economic sanctions against 
North Korea because of its nuclear 
weapons program. 

The second and more compbctf' 
ed scenario calls for Mr. Hau?» 
step aside and allow Mr. Watanabe 

to be the coalition’s nominee lor 
prime minister. But that strategy b 
full of risks. Mr. Watanabe is » 
politician from the dd school s 
professional at raising money, aw 
hardly fits the coalition's ymm& 
fresh image. It seems untikay f* 
could garner sufficient votes to win 
in a three-way race with Mr. Hata 
and Mr. Kono. 

The third notion would 8 Do* 


HONG KONG (AP) — About 2,000 
China's de facto embassy in the largest antir Beijing protest since a Hong 
Kong-based reporter was sentenced to 12 yearn in prison on charges of 
stealing state secrets. 

The protesters, including same legislators, marched from a park in 
central Hong Kong to tbe local office of the Xinhua news agency, which 
serves as China 's unofficial diplomatic mission. They were de m andi n g 
the release of Xi Yang, a reporter for tbe Hong Kong newspaper Ming 
Pao, whose appeal against his sentence was rejected Friday by tbe 
Supreme People's Court in Beijing. 

Mr. Xi, a Chines e citizen, was arrested in September on charges of 
stealing secrets about interest rates and gold sales. Turn Ye, a central- 
bank derk convicted of leaking information to Mr. Xi, also lost his appeal 
against a 15-year prison teem. 




North Korea to Replace Negotiator 

SEOUL (AP) — North Korea wffl relieve its chief negotiator with 
South Korea after he threatened that the North would turn Seoul into a 
“sea of fire,” a news report said Sunday. 

Park Young Su, North Korea's chief delegate to talks with South 
Korea, threatened war while storming out of a border meeting in March. 
Tensions have risen on toe Korean Peninsula over North Korea’s sugges- 
tions of what might happen if too much pressure was pnt on it to open its 
nuclear facilities lo full inspections. 

President Kim 0 Sung of North Korea criticized the threat made by 
Mr. Park as out of place. 




tf'.i ;j’ C 


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i,. 






the nominee for 
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INTERNATIONAL HERALD TRIBUNE, MONDAY, .APRIL 18, 1994 






;:n i% 





’ "“y, S*°3a in g in Hun t for Co urt Homingc ' 

by Senator Georg^ J Mhc^irs 0 ^ 0 ^ 315 who were astonished 
consideration forfhe SupiSe t JL re ? ove himseIf f rom 

virtually from scratch Coui ? “Messed that they had staned 

but abandoned hope th£t nSSIrf 1 ?' 0 jS inee -. Aa ? have all 

and quick. ^ ^ process finding a justice will be neat 

ultimately involve dSens^f l^S pr 0 , f S thal couId 

special-interest groups and a °u l of B ovemm tt«. 

Most oeonle conclri i j ?' “nd'dates that grows daily 

dE c5£L£ft ^ Cabran “* chiV ° f As. 

vacated by Justice Harry A U filL1f n0US a ? nlcnder for “» being 
tion earlier ttentond? Rm.T? ' «bc .announced his rcsigna- 

name of Michael S Dukakis^the^fn^^M ak ° P lumed out 1116 
who has barelv mJS 2*S “ f ™ Massachusetts governor 
Party following hEEK? h L* I ?P ulaUon whin the Democratic 
tial diS S h drabbm * by Geor S® Bush in the 1988 presiden- 

Hot“?oKS e JP Ul «“*“*■ «™ The White 
FiffTcSta iSST, ? c ? rt W aboul diversity and inclusion. 

" sleeps ofiida,s h ™ “ *"■* 

app^MmSeSh 8 " 8 have said ,P? ai Mr - Clinton would like to 
ffi , h possesses political experience and sensibility. 

can fi7d ?nm,nni c 2 ncm ’ P*®? said * is whether the president 
SLau re laS^r Can te confinned without upsetting 
kfn ic ? . l,ons * 1lh Congress af a time when passing a health-care 
bill is a higner priority than selecting a new justice. jxYT) 

AMew Proposal to Step Up Drug Searches 

tiouAnnJ^J^ ~i A ^ ^r a judge blocked a more arabi- 
President Clinton has announced a new initiative 
uitendol to increase police searches for illegal drugs and weapons in 
public housing projects plagued by gang violence. 

* l Menu judge had halted an effort by the Chicago Housing 
Authority, which was backed by the Clinton administration, to 
conduct these searches without warrants. 

But Mr Clinton said on Saturday that Attorney General Janet 
Keoo a nd Housing Secretary Henry G. Cisneros had come up with a 
constitutionally effective way" of allowing more voluntary or 
emergency searches of public housing. 

Instead of trying to gain a new power for warrantless searches, 
Mr. Clinton would encourage housing authorities to make more 
aggressive use of powers that they already have. 

Most notab/y, the administration would urge the housing au- 
thorities to ask tenants when they sign leases to give s tanding 
consent to having their apartments searched for drugs or weapons. 

The president's proposal would also allow officials to enter 
apartments without a warrant in emergency circumstances — which 
would be determined by the local authorities — if there was not 
enough time to obtain a judicial warrant. 

Nothing Mr. Clinton put forward would be binding on the local 
housing authorities that run federally financed housing projects 
across the nation. 

Instead, the president and Mr. Cisneros hope to spur more action 
against crime by making clear what can be done and to show that 
they support such actions. (NYT) 


2 Independents Eye Virginia Sonata Baet 

WASHINGTON — Former Governor L. Douglas Wilder, a 
Democrat, and J. Marshall Coleman, a two-time Republican guber- 
natorial nominee, have moved to enter Virginia's tumultuous U.S. 
Senate race as independent candidates. 

Mr. Wilder announced Friday that he had authorized a petition 
drive that could put him on the ballot in November. A prominent 
businessman in McLean, Virginia, said he had raised mono' and 
hired a professional firm to gather signatures for Mr. Coleman. 

Both independent efforts are predicated on Senator Charles S. 
Robb being the Democratic nominee and Oliver L. North, a former 
Reagan administration aide, the Republican candidate. This is a 
sign that many party regulars are -dissatisfied with both front- 
runners. 

Mr. Wilder probably would withdraw if Mr. Robb, his longtime 
rival, was defeated in the Democratic primary June 14. Similarly, 
Mr Coleman, who lost the 1981 governor's raoe to Mr. Robb and 
the i 989 race to Mr. Wilder, would bow out if Mr. North was denied 
the nomination at the Republicans' June 4©onvention. f WP) 

Quote/Unquote 

Michael Harrison, editor of Talkers Magazine, on the fact that at 
least nine radio talk-show hosts are running for Congress: ‘Talk 
radio is the primitive public address system of 21st-century interac- 
tive mass media." (NYT) 


Away From Polities 

• About 35 more police officers In a Harlem precinct will be arrested 
or otherwise disciplined in the next few weeks on various drug 
charges or for failing to report corruption, the New York Qtv pohee 
commissioner. William J. Bratton, said. With 14 officers of the 30th 
precinct already taken into custody on felony diarges in recent 
weeks, the housecleaning would be the most sweeping in any station 
house in more than a decade. 

according to h£ aide. Nancy TuckemmmMrs. Onasss, 64, i s 
suffering from cancer and the nicer was discovered was she was m 
the hospital for treatment. . . 

• The mutilated body of a woman bdteved to have ImUM by a 

sreaTwhite shark has been recovered off the Sunset Orffs beach m 
Ian Diego. “It had very large bites taken out of it, said a city 
lifeguard, Brant Bass. ....... 

• A track driver was beaten unconscious after dnymg through a 
picket line set up by the Teamsters union as part of a strike m Los 
Aneeles The Teamsters wait on strike April 5 against 22 major 

companies after both sides failed to agree on 1 a centrum 
SwriSI neariyfiaOOO workers. The dispute mvolves die hinng 

_ « nnlnitrfC * /i nz 

part-time employees. . - 


Policy-Rescue Chief at White House Is Ready to 


By Ann Devroy 

Washington Post Service 

WASHINGTON — David Gergen, the 
Repu blican who joined the Clinton admin- 
istration to help lift it out of the chaos of its 
first spring, has told White House officials 
he is discussing taking a teaching job at 
Duke University. 

Sources said' Mr. Gergen was ap- 
proached by Duke, where his father taught 
and with which he has long had ties, about 
teaching there in the fall. He said he had 
had such discussions but had not decided 
precisely when he would leave. 


Recruited last year after a series of pub- 
lic relations disasters dogged the White 
House in its first months, Mr. Gergen 
helped reorganize the communications ef- 
forts and brought a moderate, bipartisan 
policy argument to the left-leaning Clinton 
White House table. He pushed hard for the 
major presidential effort that helped win 
passage of the North American Free Trade 
Agreement late last year and for a presi- 
dential effort on crime and welfare reform. 

But in recent months, political infighting 
at the White House has left him isolated 
and his policy voice has been weakened, . 


sources said. He serves as counselor to the 
president, with overall responsibility for 
the communications operation, a broadly 
defined role that allows him to become 
involved in a variety of issues but gives him 
no direct line responsibility. 

Mr. Gergen said his discussions with 
Duke had “nothing to do with" internal 
While House operations or with any dissat- 
isfaction on his part. Instead, be said, the 
discussions reflected his desire to stay out 
of the partisan politics that surround mid- 
term elections and his original sense that he 


was joining the Clinton team for an inter- 
im. helping-out period, not a full term. 

When be was recruited by the White 
House chief of staff, Thomas F. (Mack) 
McLarty, last May, Mr. Gergen said bis 
goal was to help the president advance ins 
agenda, not to get involved with partisan 
politics. Mr. Gergen has told associates he 
wants to leave by the end of this legislative 
session, which could be from late August to 
November. 

Assessing Mr. Gcrgen’s impact on the 
White House, one friend said it “coincided 


, with the stop of the initial hemorrhaging." 

“He was the first tourniquet that allowed 
the White House to have breathing time." 
the friend said, adding that Mr. Gergen's 
advice and calmness under pressure had 
allowed While House officials to “try IO 
organize themselves to govern, not amply 
continue to wage a political campaign." 

As a Republican, Mr. Gergen also en- 
abled Mr. Clinton to appear to want to 
govern from the center with a bipartisan 
coalition. Little of that bipartisan govern- 
ing has been in evidence, however. 


* - * ' 

,* ■ ; > > 5 ^ ^ ^ ^ __ ^ 

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■ '.is> •' 


A Case of ‘Cultural Tension 9 

Hillary’s Arrival, as Told by Ointon’s Mother 


/v^> ' 



V n-'-- . ■ 

i- /, nv-*- • ' 




By Donnie Radcliffe 

Washington Post Service 

WASHINGTON — When Bill Clinton first 
brought Hillary Rodham home, his mother, Virginia 
Kelley, “didn't know what to think " 

“No makeup. Coke-bottle glasses. Brown hair with 
no apparent style," Mis. Kelley wrote in a memoir to 
be published posthumously next month. “Even 
though Roger and I were polite, I guess our expres- 
sions gave us away, because the minute HiUaiy went to 
her bedroom to unpack her bag, BQl shot us a wither- 
ing look." 

“ ‘I want you to know that Tve had it up to here with 
beauty queens,' ” young Clinton told them, lecturing 
his mother and half-brother like “two bad children." 

Beautiful women had been as much a part of Mr. 
Clinton’s Arkansas landscape as his political ambi- 
tions, but by the time he brought Hfilary Rodham 


dons, but by the time he brought Hillary Rodham 
home to Hot Springs to meet his mother in the early 
1970s be made it dear that it was brains that now 
mattered to him — not looks. T have to have some- 
body I can talk with. Do you understand that?" he 
demanded. 

Describing the let’s-get-thisgs-straight session in 
the family kitchen, Mrs. Kelley writes in her autobiog- 
raphy, “Leading With My Heait: My Life," being 
published by Simon & Schuster, that as law students at 
Yale, Bill and Hillary were “very much of their time" 
— which meant scruffy hair with T-shirts, jeans and 
sandals to match. 

Mrs. Kelley, who wrote the bode with James Mor- 
gan, an Arkansas writer, in the year after her son's 
inauguration as president, died of breast cancer on 
Jan. 6. 


Of her early rocky relationship with her daughter- 
in-law, Virginia Kelley offers in her own defense her 
provincial. Depression-era Southern upbringing, in 
which she never had much to do with “Yankees like 
Hillar y Rodham, who grew up in suburban Chicago. 

“BD1 may be appalled to read this, though I think he 
understood what was happening better than Hillary 
and ! did,” she writes. “I know he’s told a friend. 
There was almost a kind of cultural tension between 
Mother and Hillary.’ I guess that’s as good a way to 
put it as any.” 

Mrs. Kelley leaves little doubt that there was more 
than “cultural tension" between herself and Hillary, 
who became her daughter-in-law in 1975. “I might 
have resented her being a lot smarter than I am," Mrs. 
Kelley writes, adding that sbe had never been jealous 
in her life “and I’m not going to admit it here. But 1 
might’ve been intimidated a little bit. There's no 
question that this was — and is — the smartest woman 
rve ever encountered." 

At one point Bill Clinton agonized that Hillary 
might not come to Arkansas with him. Eventually 
faced with the reality that she might be putting her son 
in the position of having to choose between herself and 
Hillar y. Mrs. Kelley says her “conversion'' was “al- 
most biblical.” In a letter sbe later wrote to HQlaiy, 
sbe asked forgiveness. And a happy ending might have 
ensued except that when Bill told her thal Hillary 
intended to keep her own name after they were mar- 
ried, Mrs. Kelley remembers that she staned to cry. 

Shocked by such a radical departure from custom, 
she remembers thinking it had to have been “some 
new import from Chicago." 


President Rises in Tax Rolls 


By Ruth Marcus 

Washington Part Service 

WASHINGTON —President BUI Clinton and Hil- 
lary Rodham Clinton made $293,757 in 1993 and paid 


.. .. Ri*UpwvTfcA»«,’l«i(dl , n>. 

EQUALITY IN THE COCKPIT —First Lieutenant Jeannie Fly nn with an F-15E fighter jet at 
■Seymour Johnson Air Force Base in North Carolina. She is the first U.S. woman combat pilot 

Kevorkian Sets Jury Trial Strategy 


New Yort Times Service appeals court had ruled. That offer prosecution will ask for any jail 

DETROIT — Dr. Jack Kevor- was rqected by Dr. Kevorkian’s, time. In December, after helping a 
dan will force a jury to ury him this lawyer, Geoffrey Fieger, whoar-i 20th suicide, Dr. Kevorkian 
week for breaking a law that has gu«l: "My client has a constilu- pledged to refrain from assisting 
dready been ruled unconstiiution- honal right to a speedy trial. This ^des until the coarts 

d by three judges, that is under outrage has gone on long enough, clear up the confusion. 


562,670 in federal income taxes, according to their tax 
return. They are entitled to a 17,862 round, which 
they decided to apply to 1994 taxes. A White House 
official said the Clintons paid at least $1,500 more in 
taxes because of the tax increase for the wealthiest 
Americans. 

. The return, covering the Clintons' first year in the 
. Rifcupini'rDKA^^pi^ White House, reflecteclthe first time in lo years that 

mi with m F-15F fiohterfet at lhe P rcs *‘ tent ’ s income exceeded that of his wife, who 

ra Wim an E-lb e. iigwer jet at had been the family** principal wage earner. Last year 

irst U.S. woman combat |ilot. Mr. Clinton was paid a salary of $189, 167 — less than 

the $200,000 allocated for the president because be did 

not take office until Jan. 20 — while his wife did not 
1 O- ■ ii receive a salary. 

1 ^iraTOflTV The Clintons earned another 52,473 in residuals for 

CV a campaign appearance on a talk show. Hillary Clin- 

ton also received $12,000 from the “Henry G. Free- 
prosecution will ask for any jafl man Jr. Pin Money Fund." The fund was established 
time. In December, after helping a under the 1912 wifi of a Philadelphia man who said he 


already been ruled unconstiiution- bonal r 
al by three judges, that is under outrage has gone on long enough, 
review by an appeals court and that Mr. Fieger is expected to try to 

the doctor has openly flouted, dar- persuade the jury to nullify the law 
ing prosecutors to dbmgc him. m effect by refusing to convict Dr. 

“I a ssis ted Thomas Hyde in a 
merciful suicide, uo doubt about K ™£ “J 

iL” he said on Aue. 4 hist hours Wa yae County prosecutor, said 
iterNfr?Hyde,a2§-yii-(id h man that he wwdd ask. the judp to pre- 


under the 1912 wifi of a Philadelphia man who said he 
wanted to set that amount aside for the the president's 
wife “because I feel the president of the United States 
receives such a miserable pittance for a man holding 
the greatest position on earth." 


Mr. Freeman's last heir died in 1989 and the money 
was freed in December 1992 as the Bushes were 
on and HU- leaving the White House. White House officials said 
93 and paid they did not know whether Barbara Bush received any 
, to their tax money from the fund. They said HiUaiy Clinton 
'und, which plumed to donate her share to charity, 
fcite House The Clintons’ income also included $20,574 in inter- 

500 more in est and dividends; $40,553 in capital gains realized 
• wealthiest when they set up their blind trust; and $38,938 in 
moving expenses paid by the privately funded presi- 
year in the den tial transition foundation. The Clintons deducted 
5 years that the transition fund money as a moving expenserTheir 
is wife, who total deductions were $71,482, for a taxable income of 
i. Last year S27.7.775. 

The income put the Clintons among the top 1.2 
^“.rf , percent of Americans, who are paying higher taxes this 
wle did not because of Mr. Clinton’s first budget. 

esiduals for The Clintons donated $17,000 to charities that in- 
FifTarv Clin- eluded their colleges and law school, various churches, 
rvG Free- Washington Ballet, and the Vincent W. Foster 
cs^hMicd ScholarshipFund, named for the deputy White House 
who said he committed suicide last summer, 

president’s In 1992, the Clintons' federal income taxes totaled 
oiled States $70^28 — about 24 percent of an adjusted gross 
um holding income of $290,697, according to copies of the return 
released by the White House. 


Solid-Gold U.S. Bargain for Canadian Mining Firm 


vrith Loti Gehrig r sdis^tohri^ vent Mr He^fr^t^g about 
grbon^monoxide in Dr. Kevor- 

« . t-v_ v i ■ defense counsel be forbidden from 

Since then. Dr. Kevorkian, a re- mmtionine that other iudees- had 


thl?h5 SS! By Tom Kenworthy formation called the Carlin Trend 

SrTlllJlKw; VvtosmFwSovc'* have helped propel the United 

y*® 1 iVr^ 4 ° CARLIN Nevada — A gold do* States into the top ranks of world 

P 0 * 1 *0^ a* much as SlObiUion ^Id producers, second only, to 
^cSS^^tobidd^fr^ iTbemgs^d by the United States gu* AtataW 
•HMifinnina ii,., „,i~ in/To»c- ha/t to a Canada-based minin g comp a- States ranked sixth in the world, 

ny forlesttan JlO.qOo Sa producing just 1« dan a million 

“r. Fieger wstaMBudi that W^catuiy nunuig l«w aiD m ^ ^ ^ ^ 


, , . « . . • j IUVWUVU4UA UMAV Viuv* luwijw. 

tired pathologist, has arasted Ihrw mied the law unconstitutional, 
more suicides and hasbeen charged Mr. Fieger says he will ask 
three more times. These j charges WaynB County prosecu 

were dismissed when judges de- Joim d. O’Hair, be disqualified 
dared Michigan’s year-old suicide the official is also amen 
statute defective. One judge reepg- 0 f Michigan's Commission on 
nized a right to commit suicide, Death and Dying, which was estab- 
based cm broad freedom and priya- fished by the same law Dr. Kr 
cy grounds. Two ruled that the bill kian is charged with breaking, 
violated the state constitution. All H i«i Mr. Jackson to disqi 
three deaaems were appealed to jy himself, saying, “It seems 
the Mi chi ga n Court of Appeals. <Jent to me you are biased aga 
But the Hyde case remained, this defendant" Mr. Jackson de- 


10 a Canada-based mining compa- States rank ed sixth in the world, 
ny for less than $10,000 under a producing just less than a million 


any circumstances. But with Con- 
mas considering an overhaul o£ 
the mining law, the Golds trike 
probably wiH become even better 
known as the mine that got away. 


have totaled about SI bil- 


In return for the acreage and the 
gold that goes with it, the Treasury 
gets a check for $9,765. Under the 


Judge Thomas E Jackson erf De- dined to remove hims el f , 
troit Recorder’s Court declined in Michigan's assisted suicide law 
February to dismiss it, but offered carries a penalty of up to four years 
to postpone the trial until after the in prison, but it is not dear if the 


_ Mr. Fieger says he win ask thai —7 — ^ mine, m d>e Cerlin 

SL**gL£?g2 j!Sg3 g The pending final sale of the fed- •* Prodecmg more 

SStorKtKSSte CZ^SmS! 3S£L 

of Michigan's Commission on V-?- subsidiary of American Bar- JJg 

Death and Dym& which was estab- ndc Resources Cordis fuelingthe UtaSedSn 

fished by the same law Dr. Kevor- anger of reformers who have been 

kian is charged with breaking. He Puling tor years to change the nVmlS? 

also astedJMnJackson to disquali- l87 2 Mining Act, under which 

ShS,^ raring, “It seem? evi- miners canouy U.S. land for as JS? 

Sent to me youaie biased against little as 5230 an acre and extract 

dined to remove himself. rpyaiues. 


Within a few weeks, the In tenor terms of the 1872 Mining Act that 
Department will hand A me ri c an governs mining for gold, silver. 


Bafrick dear title to a bit more than copper and other hardrock miner- 
1,949 acres of federal land that in- als on federal land, the company 
dudes the mine. Along with the only has to pay $5 an acre to “pat- 
title will go any hope of the U.S. enr or take title to the property. It 
Treasury getting a dime in royalties can begin mining — as Banick'did 


from the billions of dollars in gold. 
So far Harriet's development ex- 


can begin mining — as Bamck aid 
— before it earns a patent if it 
meets certain requirements. 


Ralph Ellison Dies, Wrote ‘Invisible Man’ 

. . ... . .. J nrr haw Ml r»*7,srfvN title] 


By Richard D. Lyons 
NEW YORK — Ralph Edison, 
SO. whose widely' read novel in- 
visible Man" was a stark account of 
■racial alienation, died Saturday in 
Manhattan of cancer. 

"Invisible Man," written over a 
seven-year period and published in 
1952, is a chronide of a young 
black man’s awakening to racial 
discrimination and his bait e 
against the refusal of Americans to 
see him apart from his race, whicn 
in turn leads to humiliation and 
disillusionment. , 

“Invisible Man" has been viewed 
as one of the most important worts 
of fiction in this cenwry^has been 
read by millions, infiuenatodo^ 
of younger writers and established 
Mr. Ellison as one of the majo 
American writers of the 
His short stories, essays, reviews 
and criticisms also have been wide- 
ly published over the years; one 

collection was printed by Ranitoni 
House in 1964 under the to* 
“Shadow and Act." The second 
and last collection, “Going to the 
Territory,” came out in 1986. 

Yet Mr. Ellison's long-awaited 
second novel proved to be a strug- 
gle and has yet to emerge. 

His editor. Joe Fox, said Satur- 
day that the second novel does 
aert." 


He added: “It is very long; I lists for 16 weeks and tmlhons of 
don’t know the name, but it is not a copies have been printed since its 
sequel to Invisible Man.’ The book first publication, 
was started in the late 1950s. The The book is the story of an un- 
initial work on the book was de- named, idealistic young blac k man 
siroyed in a fire in his home up- growing up in a segregated commu- 
s tate, and that was so devastating nity in the Sooth, attending a Ne- 
that he did not resume work on it gro college and moving to New 
for several years. York to become involved in civil 

"Just recently Ralph told me that rights issues — only to retreat, 
I would be getting the book soon, amid confusion and violence, into 


lists for 16 weeks and millions of ers have fdt themselves tinge to 
copies have been printed since its tbe flatly stated passion of the 
first notification. book’s opening lines: “I am an Bl- 


and I know that he had been work- invisibility. 
ing on it every day, but that he was Hundreds of thousands of read- 
having trouble with what he termed ‘ 

‘transitions.’ " 

“Invisible Man" was almost m- . imkknati 

stantly acclaimed as the work of a TIT 1 3L "3a 

major new author, as well as a rar- 

jty in publishing — a successful w**j*o»nbr^.w.i wi-tm**- 

*reniamcd on the best-sefler LIVING IN 


book s opening lines: i am an in- 
visible man. No, I am not a spook 
like those who haunted Edgar Al- 
lan Poe; nor am I one of your 
Hollywood-movie ectoplasms, f am 
a man of substance, of flesh and 
bone, fiber and liquids — and i 
might even be said to possess a 
mind. I am invisible; understand, 
simply because people refuse to see 
me." 


The sQtstone and limestone un- 
derlying this high desert terrain 
near the Tuscarora Mountains is 
laced with gold. Nearly all of it is 
embedded in oxide and sulfide ores 
in microscopic-sized particles that 
can be liberated only by high-tech- 
nology methods thal tease the gold 
from millions of tons erf rock. 

The development of those tech- 
niques and the discoveries in the 




Cuban Power Supply 
Baked by Shortages 

Agenct France- Presse 

HAVANA — More than half of 
Cuba’s generating power is out of 
action because of a shortage of 
spare parts and lack of mainte- 
nance. 



THE NOBLE TIME 

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(USTTA) intends to contract with a qualified responsible 
firm to provide warehouse and customer order filling 
services for the distribution of the USTTA HOLIDAY 
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Allied Jets 
Take to Air 



Compiled by Ovr Staff From DispadiB 

WASHINGTON — U.S. and al- 
lied fighters have resumed patrols 
over northern Iraq after a one-day 
halt following the downing erf two 
American helicopters by U.S. 
planes, the Pentagon said. 

The US. European Command 
ordered the protective flights re- 
sumed on a reduced schedule over a 
“no-flight” zone set up in 1991 by 
the allies to protect Kurds in north- 
ern Iraq, according to Harold 
HeUsnis, a Defense Department 


In one of the worst U.S. military 
blunders in years, two air force F- 
I SC jets taking part in the protec- 
tive cover on Thursday mistook 
two U.S. Army UH-60 helicopters 
for Iraqi helicopters and shot them 
down with missiles, kilting 26 peo- 
ple aboard the two aircraft 

An average of 50 flights by U.S., 
British, French and Turkish fight- 
ers are flown daily over the “no- 
flighr zone. Such flights were sus- 
pended Friday for a safety check 
and resumed Saturday as the U.S. 
military conducted an investiga- 
tion. 

The air force missiles that 
downed the helicopters wiped out 
tile entire leadership of a Western 
field operation that has worked as a 
liaison to the Iraqi Kurds since the 
end of the Gulf war in February 
1991. 

Among those killed in the acci- 
dent were 15 Americans, including 
the missi on's American command- 
er, Colonel Gerald Thompson, and 
his replacement. Colonel Richard 
A. Mulhera. The mission’s senior 
officers from Turkey, France and 
Britain were also among the dead. 

The field operation, called the 
Military Coordination Commis- 
sion, has helped organize efforts to 
rebuild Kurdish villages destroyed 
by Iraqi troops, deliver food, and 
serve as a liaison with local Kurd- 
ish leaders and relief officials. 

The effort is designed as a visible 
reminder of the American-led co- 
alition's commitment to press the 
government of President Saddam 
Hussein of Iraq. 

The Kurds are a distinct ethnic 
group of about 20 million people 
Living in a broad area encompass- 
ing parts of Turkey, Iran, Iraq and 
Syria. 

U.S. officials said the military 
mission had visited several Kurdish 
villages on Tuesday as pan of a 
farewell tour for Colonel Thomp- 
son, who was scheduled to leave his 
post, and an introduction for Colo- 
nel Mulhern. 

Also among the Americans 
killed was Barbara L Schell, a ca- 
reer Foreign Service officer. She 
was serving as the political adviser 
to the commanding general of the 
operation in northern Iraq. 

(Reuters, NYT) 



QstaBoiAgcncr FmerJlosc 

BACK AT THE SCENE — General H. Norman Schwarzkopf, the allied commander in the Golf War against Iraq, greeting troops 
in Kowait on Stmrfay at the end of joint Kuwaiti, LIS. and British maneuvers. The retired general was nmtedto watch theexenases. 

Hamas Sharpens Its Terror Campaign 


By David Hoffman 

Washington Post Service 

JERUSALEM — As police and ambulance 
crews raced to bdp survivors of the bomb 
attack in Hadera’s central bus station earlier 
this mouth, another bomb sat on a nearby 
bench, unnoticed. 

it exploded just as the police began to sus- 
pect something was amiss and had cleared the 
area, but before it could be examined. 

The second bomb, which the police say they 
believe was detonated with a timer, was one of 
several dues in recent weeks of a new, more 
aggressive strategy by the miHiant Islamic 
movement Hamas. 

Just seven months after Hamas leaders re- 
turned from their deportation by Israel to 
southern Lebanon, the movement has twice 
carried out suicide bomb attacks inside Israel 
against crowded civilian targets. According to 
Israeli officials, both attacks demonstrated a 
degree of sophistication that Hamas had not 
previously shown. 

“We call it a new horizon.” a senior Israeli 
government official said. “They have better 
intelligence, better preparations, and they are 
much less amateurish. They are much more 
sophisticated. They are probably using recon- 
naissance before an attack, checking out the 
place first" 

Hamas stands at an im port an t crossroads 
within Palestinian society. In its leaflets and 
doctrine, it has rejected the peace accord be- 
tween Israel and the Palestine Liberation Orga- 
nization. Bnt according to Hamas’s leaders, the 
movement is also jockeying to become a prag- 
matic player in the power vacuum that is open- 
ing up as a result of the accord and IsraeTs 
planned evacuation of the Gaza Strip. 

[Hamas said Sunday that it would stop at- 
tacks against Israeli civilians if Israel halted 
assaults against Palestinian civilians. Renters 
reported from Amman, Jordan. 


{“The latest operations in Alula and Hadera, 
which targeted gatherings of Israeli soldiers and 
settlers but also caused injuries among civilians, 
is not a fixed policy of Hamas’s Qassam bri- 
gades,” said a statement by the group. 

[“This was an exceptional policy," it said, 
“aimed at repelling the brutal Israeli aggression 


They have better 
intelligence, better 
preparations, and they are 
much less amateurish.’ 

an Israeli offiaaL 


on our people and was a legitimate response to 
avenge the Mood of our Palestinian martyrs of 
the ugly Hebron mosque massacre.” 

[“The Hamas movement is ready to reconsid- 
er this exception, on condition that the prime 
minis ter of the enemy, his government and 
army pledge to totally stop killing unarmed 
civilians from the sons of our people.” It was 
referring to Prime Minister Yitzhak Rabin of 
IsraeL] 

Created six years ago at the outset of the 
Palestinian uprising, Hamas is now the second 
most influential political bloc among Palestin- 
ians in the territories, it has one of the most 
efficient soda] and welfare networks, and it 
enjoys a power base that includes not only 
impoverished refugees bnt also some of the 
merchant and professional elite. 

The movement’s guerrilla wing has been re- 
sponsible for most of the deadly assaults on 
Israeli targets since the peace accord, Israeli 
officials said. 

Whether Hamas can co-exist with the new 
Palestinian authority under Yasser Arafat, the 


More Massacres in Rwanda 
As Talks on Cease-Fire Stall 


Rwanda, three years after crossing 
the border with an invasion force 
assembled in Uganda, using Ugan- 
dan equipment and enlisting 
Rwandans in the Uganda Army. 

At the very least Western diplo- 
mats and African specialists say, 
there is a special relationship be- 
tween the Ugandan lea der and the 
Rwandan Patriotic Front Others, 
including Ugandan exiles, assert 


PLO chairman, will be critical in deter milling 
whether Palestinian self-rule succeeds or be- 
comes a violent internal struggle, winch would 
carry risks for Israel as well. 

Mahmoud Zohar, a physician who lectures at 
the Islami c University in Gaza and is one of the 
leaders of Hamas, said, “We will continue our 
efforts in the mosques and on the streets.” 

In a recent interview. Mr. Zohar said Hamas 
was calculating that the Palestinian self-govern- 
ment would fafl. 

At the same time, he said, the Islamic move- 
ment will continue to organize grass-roots ser- 
vices, such as kindergartens and health clinics 
for the poor, and wait patiently for Mr. Arafat's 
regime to collapse. He said Hamas expected it 
to fail in a few years. 

Haznas has made dear it wiD not retreat Mr. 
Zohar said Hamas regards Israel's agreement 
whb the PLO — to withdraw its troops from the 
Gaza Strip and Jericho in the West Bank and 
aQow limited PLO self-rule — as just a contin- 
ued Israeli occupation in disguise. 

So bow can the people deal with the existence 
of the settlers? He answered that it would not 
be with stone-throwing, but shooting. 

“Violence is immin ent at any time," be said. 

■ Israel Issues Warning to PLO 

Israel warned the PLO on Sunday that the 
autonomy accord will be off H strikes a deal 
that allows Hamas to pursue attacks on Jewish 
targets, news agencies reported. 

A senior PLO official in the Gaza Strip 
denied that the PLO bad reached an accord 
with Hamas, but confirmed that a dialogue, 
begun two woks ago, was continuing. 

In Amman, meanwhile. King Hussein, under 
pressure from the PLO and IsraeL said that 
Hamas was illegal in Jordan. He also denied 
that Jordan bad cooperated with Hamas. 

(AFP, Reuters ) 


Cempded br Our Staff Front Kspacha 

BUJUMBURA. Burundi — ■ 

Rwandan soldiers raped and 
hacked to death civilians while jet- 
ties with rebels raged for an Htn 
day in the capital Kigali, after the 
breakdown of cease-fire talks, wit- 
nesses said Sunday. 

“It is like the mayhem has gath- 
ered pace." said one witness, Ugandan exiles, asser 

trailed m “There^ema^ the Ugandan leadership is di 

sacres all over the place. The array s uuu --r 

delight is to murder civilians, while 
civilians turn on each other in eth- 
nic revenge.” . 

Savage fighting continued lor 
control of hilltops around the city. 

No one appeared lobe in con trol of 
Kigali and anny units and rebels 
fought with heavy artillery, mortars 
and rocket-propelled grenades, he 
said by telephone. 

About 3.600 rebels have infiltrat- 
ed the city but anny units and the 
presidential guard were still report- 
ed to be resisting fiercely. 

.An official of Rwanda’s interim 
government said cease-fire talks 
that began on Friday had stalled 
over stringent conditions set by 
each party. “We are not talking just 
now, the official said. 

The director of the UN peace- 
keeping mission in Rwanda. Abdul 
Kabia. said Sunday that (he United 
Nations had also increased trips by 
armored vehicles to various parts 
of the city to evacuate people who 
fear for their lives. 

Mr. Kabia said he did not know 
how many people were under UN 
protection, nut another official pul 
the figure ar more than 12,000. 

He said the people seeking UN 
protection were predominantly 
members of the minority Tutsi etb- 


rcbek Ugandan officials this. 

Bui with the Rwandan Patriotic 
Front dosing the circle on Kigali, 
where , government troops are re- 
ported to be in disarray and minis- 
ters have already fled, some West- ; 
era diplomats are now prodding ! 
Mr. Museveni to press b$ forma- 
aides and soldiers among the; 
Rwandan rebels to show restraint . 
and agree to a truce- 


Fearing Bloodshed, 
Zulus Delay March 


By William Galbome 

Washington Pan Service 

JOHANNESBURG — Amid 
fears of a renewal of die kind of 
street warfare that left more than 
50 people dead in the city and sur- 
rounding townships last mrat^ die 
Inkatha Freedom Party on Sunday 
postponed a Zulu nationalist 
manat scheduled to take place in 
central Johannesburg on Monday. 

However, Charles Loliwe, chair- 
man of the Inkatha Youth Brigade, 
said a “rolling mass action” and 


me group, who are in fear erf _ 
of the majority Hutus roaming 
streets with machetes. 

The Rwandan Patriotic Front re- 
bels draw most of their support 
from the Totsis, while the Hutus 
dominate the government and the 
military. The two groups inhabit 
Rwanda and neighboring Burundi 
where their rivalry has led to nu- 
merous bloodbaihs since indepen- 
dence from Belgium in 1961 

President Cvprien Ntaryanrira of 
Burundi and two nnsisteis who 
were killed with President Juvenal 
Habyarimana of Rwanda in a rock- 
et attack on their plane in Rwanda 
on April 6 were riven a state burial 
Saturday. The deaths sparked the 
ethnic violence in Rwanda. 

Belgium's 420 UN peacekeeping 
trolls in Rwanda plan to withdraw 
with a convoy of about ISO vehicles 
on Tuesday, a Belgian armed forces 
spokesman said. (Reuters, AP) 

■ Ugandan Role in fighting 

William £ Schmidt of The New 
York Times reported earlier from 
Nairobi: 

Eight years ago. Defense Minis- 
ter Yoweri Museveni of Uganda 
seized power in Kampala, the 
Ugandan capital, with the help of 
about 2.000 guerrillas, a force be 
recruited among Tula refugee fam- 
ilies who had fled Rwanda to es- 
cape ethnic bloodletting. 

Now some of the same guerrillas 
are on the verge of taking over in 


appeals by rival political 
leaders to caned it 

Mr. Loliwe’s announcement 
came after the South African 
Chamber of Business, in a message 
to the Infcatha leader. Chief Man- 
gosuthu Butheleai, asked that the 
march be called off. The diamber 
cited the “negative impact erf po- 
tential violent events on the stabil- 
ity of the economy" 

Earlier, Mr. Loliwe had warned 
that if police attempted to stop the 
march, h could Tod to a Bosnia 
situation in Johannesburg.” The 
Youth Brigade had planned to lead 
the demonstration to the African 
Nationalist headquarters here, 
where ANC guards opened fire and 
killed eight people March 28. 

Within hours of Mr. Loliwe’s 
statement on Friday, tiw police 
banned the demonstration, saying 
it would escalate the fighting be- 
tween supporters of Inkatha and 
the coqgress and jeopardize South 
Africa's first nonntdal election, 
scheduled for April 26-28. 

The Johannesburg Gty Council 
announced that streets leading to 
the ANC headquarters would be 
cordoned off with razor wire, and 
that roadblocks would be erected 
on the outskirts of the city to 
vent demonstrators from 
the city center. 

The authorities said Sunday that 
the police would stiD maintain a 
high profile in the city Monday 
becanse of the possibility that some 
Tnlratha supporters would ignore 
the postponement or not receive 
word of it The ANC called on the 
security forces to assure that In- 
katha impis, or warriors with tradi- 
tional weapons, are stopped from 
leaving Zulu migrant worker hos- 
tels in nearby black townships. 

Over the weekend. Chief Bathe- 


leri, the ANC leader, Nelson Man- 
dela, and President Frederik W. de 
Klerk, along with intematiooa 
monitors, appealed for calm in face 
of the planned march. 

Chief Buibeteri told a group oT 
univ ersity students in Empangeni, 
in Natal, “There is no doubt in mi 
mind that the one single thing at 
■South Africans hope and pray for is 
that peace will come to our land.” 

However, a retired anny general 
Constand VOjoen, leader of the ex- 
tremist Afrikaner Freedom Front, 
said that by pledging to stop the 
march, the government had entered 
into a “de facto alliance” with the 
ANC 

Tt is dear from Mr. de Klerk's 
attitude that the government has 
set one set of rules applying to the 
ANC and another set applying to 
other parties. Zulu marches are 
normally characterized by disci- 
pline and order, while ANC 
marches ace known for their de- 
structiveness,” be said. 

■ 3 Deaths at ANC Rally 

Three people, induding a 6-year- 
old boy, were crushed to death and 
21 were seriously injured in Smith 
Africa on Sunday in a crowd stam- 
pede at a Nelson Mandela election 
rally, Reuters reported from Ath- 
ene. 

The incident, the worst of its 
kind in the official campaign for 
South Africa's April 26-28 all-race 
elections, occurred in a tunnel into 
a stadium in thi« township near 
Town where Mr. Mandela 
about 20.000 supporters. 

A Red Cross Children’s Hospital 
volunteer. Dr. Lou is Reynolds, said 
someone in the rally crowd stum- 
bled, ranging a rhain reaction. 

“The boy’s father described to 
me that he was in the tumid when 
people fell and be fell and more 
people fell ot top erf him and his 
son. The boy was crushed to 
death,” Dr. Reynolds said. 

Most of the crowd remained 
oblivious of die drama, while doc- 
tors battled to save unconscious 
victims (nought to them by para- 
medics and attendants. 

“We are deeply shocked and 
grieved,” the ANC said in a state- 
ment issued during a meeting with 
Mr. Mandela to discuss the disas- 
ter. 


Israel Eases Ban on Entry of Palestinian Workers 

Liberation Organization resumed 
Sunday on Gaza and Jericho. 

In another development, Israeli 
newspapers published details Sun- 
day of a draft peace proposal that 
the government wfl] ask the U.S. 
secretary of state, Warren M. 
Christopher, to deliver to Syria lat- 
er this month. 

Every major newspaper said Is- 
raeli solitary planners had given 

Prime Minister Yitzhak Rabin a 
draft peace deal on Friday, and a 
participant at Sunday’s cabinet 
meeting quoted Mr. Rabin as lend- 
ing credence to the media reports. 

(Reuters, AFP) 


BOOKS 


Compiled by Our Staff Fran Dbpatdm 

JERUSALEM — Israel has 
slightly eased a ban barring the 
nearly 2 million Palestinians of the 
occupied West Bank and Gaza 
Snip from entering Israel a gov- 
ernment minister said Sunday. 

‘The closure is going to contin- 
ue,” Education Minister Amnon 
Rubinstein said after a weekly cab- 
inet meeting, but “there are over 
16,000 permits for humanitarian 
purposes and over 4,000 work per- 
mits." 

“The situation will be weighed 
from day to day,” he said. 

The permits are for Palestinians 
over 35 years of age. The 4,000 
work penults will be granted to 
farm workers. 


Mr. Rubinstein said the cabinet 
approved 30 million shekels (S10 
million) for make-work and aid 
programs in the occupied territo- 
ries in April to ease the hardship 
imposed by the entry ban. 

Israel sealed off the Palestinians 
in the territories on April 7, a day 


after a Palestinian suicide bomber 
killed seven Israelis in the northern 
Israeli town of Afula. 

Israel decided last week to im- 
port 18,250 foreigners to replace 
die Palestinian workers. 

In Cairo, meanwhile, peace talks 
between Israel and the Palestine 


Gunfire Hits Train in Egypt 


Reuters 

ASSIUT, Egypt — Muslim mili- 
tants attacked a train in southern 
Egypt far the first time in more 
than a month on Saturday night 
They opened fire on a sleeper 


traveling from Aswan to Cairo but 
no one was wounded, security 
sources said Sunday. Some win- 
dows were broken, a witness said. 

TbemOiianl organization Islam- 
ic Group claimed responsibility. 



April 21-22 

APRIL 30 

MAY 1-4 


Washington & World Business: 

The Outlook for Global Partnership 

A distinguished group erf speakers will 
debate the implications of 
President Clinton's foreign and 
domestic economic policies for 
International business. 

Contact 

lane Benney, 

International Herald Tribune, 
London. 

TeL [44 71 1 836 4802 - Fax: (44 7JJ 836 0717 

tHternattopal Conference of 
Hosiery Manufacturer* (1GHM) 
Chariotte Covwrtion Center, USA 

The 1CHM is beM one day prtor to the opening o! 

the Wmodorat Hosfcay Enposttfon « this 
Gontemce. today manufacturers will hew theft 
couoerpaits from many countries dbarss the 
future of the woriefs hasten matte. They will 
abo enloy presentations on the glofadtaafim oi 
taster?, the Industry's latest tEdimtaexaladran> 
cements and theteytPlmpferKntlng a total 
quality manaoanent program 

Contact: Safly F. Kay. 

National tasodatico of Hosiery Mannfaduree. 
TeL-(7MI 3654)913 -Fact (7041 362-2056 

tatematioufll Hosiery Exposition (THE) 
Charlotte Merchandise Mart 

The IHE offers manufacturers from around 
the world a superior setting m *hidi to 
shop the world's marketplace forthe latest 
in nostay manufaaurirwtechnolaw It's 
the only cradeshcw, wonawtde. decfcaied 
entirety ro the display cf hosiery manufac- 
turing supplies and services. 

Contact: _ 

Jeannette E. Robinson, 

International Hosiery Association 

TeL (7041305-0913 

Fax: (704) 362-20% 


WASHINGTON 

NORTH CAROUNA 

NORTH CAROUNA 

MAY 3-5 

MAY!! 

JUNE 8 &9 

JUNE 9-10 

1st btiernatfouai Specialist Congress 
Environmental Management Systems 

In cooperation with EAUE. 
Approaches to environmental audi- 
ting. opportunities and possible 
sources of promotion will be 
discussed. 

Contact: 

TOV-AkademJe Rheinland. 

Cologne, 

Tel: (+49) 221-306-3062 

Fax: (+49) 221-806-3061 

Opportunities In China 
ta Property ami Construction 

Presented by staff Tsinfihua and Peoples 
Untweraltte. Baling. China imesDneni Bank. 

Belling. UK Companies and UMisr Staff. 
Business approKhes. opportunKtes. difficul- 
ties and experiences to construction marage- 
mera and property development in China. 
Contact 

Pamela Hyde, 

Centre for Property Development 
and Managament UM1ST 
Manchester, England 

TeL: 061-2004218- Fax: 061-2004217 

EJS 94: Cfient Server Reporting for 
the Enterprise 

Europe’s leading conference and exhi- 
bition on Executive and Management 
Information Systems A unique 
conference programme which gathers 
many of the world’s best thinkers, 
practitioners and case studies, with 
die aim of helping organisations link 
E1S to business goafs. 

Contact Business Intefflgenoe 

TeL 081-544 1830 
Fax.081-5449020 

Latin America: 

A New Investment Partner 

This, the fifth biennial conference on 
Latin America, will locus on trade and 
investment opportunities 
in the region. 

Contact. 

Brenda Hagerty, 
International Herald Tribune. 
London. 

TeL 144 71)8364802 

Fax: 144 71 1836 0717 

BERLIN 

MANCHESTER 

LONDON 

LONDON 

JUNE 15-16 

JUNE 27-AUG. 5 

SEPTEMBER 2 1-24 


OB & Money: 

Asia and the Pacific 

The conference, one of Asia's leading 
energy forums, will be addressed by 
experts in the oil indusby from the 
world over. 

ClMbKt- 

Brertda Hagerty, 
International Herald Tribune, 
London. 

Tel: (44 711 8364302 

Fax: 144 71 1836 071 7 

LSE International 

Summer Schools 1994 ' 

The Loncfcm School of Ecmcmics is offerme 

3 wide range of intensive and academically 
challenging summer schools in the taHowing 
subject areas Management Artxmtlng and 
Finance. International Studies. Philosophy 
and CnminoJogy. These are arranged in no 
three meek sessions and formally examined 
to University ol London firer degree stan- 
dards. attracting audiences from the profes- 
sional. business and student communities. 

Contact Nicola Meakin 

TeL {44j 71-955 7533 - Fat 144 1 71-7675 

The Annual Oxford Summit 

A unique opportunity to assess the 
global business outlook with a 
distinguished group of academics and 
business and financial leaders 
Contact: • 

Jane Benney, 

International Herald Tribune, 
London 

TeL (44 71)8364802 

Fhx: (44 7118360717 

SINGAPORE 

LONDON 

OXFORD 



DEMOSCLEROSIS: 

The Silent Killer of Ameri- 
can Government 

By Jonathan Rauch. 272 pages. 
$22. Times Books. 

POWER WITHOUT RE- 
SPONSIBILITY: How Con- 
gress Abases the People 
Throogh Delegation 

By David Schoenbrod. 260 
pages. $28.50. Yale University 
Press. 

Reviewed by 
Jonathan Dorfman 

R OSS PEROT may have per- 
fected it, but the pledge to 
dean up Washington is an old sto- 
ry. A generation ago, George Wal- 
lace attacked the “pointy-headed 
bureaucrats who can’t park their 
bicycles straight." Jimmy Carter 
tried to reorganize government by 
zero-base budgeting, a manage- 
ment technique then in vogue. 
Ronald Reagan decried “waste, 
fraud and abuse," and the taxes 
that make them possible. And after 
a campaign of bus-ride populism. 
Bill Clinton asked A1 Gore to write 
his report on reinventing govern- 
ment 

To Clinton, the Gore report was 
also a political imperative: to stop 
Perot At 19 percent of the vote. 
Perot embodied the middle-class 
fury now at tlx fulcrum of Ameri- 
can politics. Yet the matte 1 goes 
beyond campaign slogans or the po- 
Orical tactics of Bill Gimon. who 

today speaks with full confidence of 
government’s ability to get things 
done? 

Not long ago. most people did. 
“In the period beginning with the 
New Deal and peakmg with Lyndon 
Johnson’s Great Society,” writes 
Jonathan Ranch, author of “De- 
mosderosis: The SOem Killer of 
American Government,” “Washing- 
ton seemed one of America's most 
adaptive and progressive faces — 
which at the time, it was. What 
Roosevelt's and Johnson’s visionar- 
ies did not foresee was (hat every 
program would generate an en- 
trenched lobby which would never 
go away. The same programs that 
made government a progressive 
force from the 1930s to the 1960s 
also spawned swarms of dependent 
interest groups, whose collective 
lobbying turned government rigid 
and brittle in the 1990s.” The result 
is what Rauch calls “demosderosis: 
postwar government’s progressive 
loss of the ability to adapt.” 


WHAT THEY'RE READING 


I • Jtnrono Sndarsono, dean of the 
faculty erf social and political sci- 
ences at the Univemty of Indonesia, 
is reading ” Twenty First Century 
Capitalism ” by Robert Heilbroner. 

“This book probes the increasing- 
ly powerful market faces at work 
around the globe. What the book 
shows is that the so-called trium ph 
of capitalism and liberal democracy 
over the command economy and 
nonliberal democracy is illusory.” 

(Michael Richardson, IHT) 



To Rauch, the culprits of demos- 
derosis are not only the corpora- 
tions who advertise on “Tins Week 
with David Brinkley." Or labor. Or 
liberals. ‘The problem is not airy 
kind of ‘them.’ ... It is you and 
me and many people like us” — not 
only business people and mum 
leaders, but also the sort of people 
who join the Sena CM) ana Gan- 
mon Cause. 

But this has made America hard- 
er to govern. Thus, die veteran’s 
lobby beat back the Bush adminis- 
tration’s attempt to open up a half- 
empty VA hospital to the public; 
thus, the financial system is regu- 
lated by laws devised daring the 
Depression, ill-suited to the needs 
of today, because Congress can’t 
resist special interests that are 
blocking change; and thus, our 
habit of budgetary profligacy. A 


contributing editor at the National 
Journal Rauch is well-positioned 
to catalogue the ways demosdero- 
sis makes government ineffective 
— and voters cynical 

Demosderosis popularizes the 
ideas of Mancur Olson, die econo- 
mist whose books launched a litera- 
ture about the effect of interest 
groups on economic growth. 

The influence of Olson is also 
in David Schoenbrod's 
Without Responsibility.” 
In a tightly argued monograph, 
Schoenbrod, a professor at New 
York Law School attacks Con- 

then ddegating*tbedrta3sto regu- 
latory agencies. For example, un- 
der the Agricultural Adjustment 
Act, Congress grants the secretary 
of agriculture the power to set or- 


ange prices through production • 
quotas — m(Msomantatns,asitU' ; 
ation exploited by Sunldst, which . 
has the incentive to or ganize, at the 1 
expense of consumers, who don't ) 
Schoenbrod saves the full force i 
of his attack for Congress. Instead ■ 
of writing straightforward Jegislfr- ! 
ticra dial might anger Sunkist or > 
consumers. Congress gets off the ' 
hook by delegating the matter to ! 
the Agriculture Department. Con- • 
grass can thus promise higher ’ 
prices to Sunldst, a well-organized 
interest group, without having to • 
state expHddy to consumers that ' 
the cost of their groceries wiQ in- 
crease. Delegation makes Congress ■ 
unaccountable, writes Schoenbrod, | 
and he makes a strong case fa I 
questioning its constitutionality. 1 
But Schoenbrod’s brief has a ; 
narrow focus, making it more tikefy . 
to be of interest to legal scholars 1 
than a general audience. Scboen- ' 
bred fails to make dear why the ■ 
removal of delegation itself will di- 'A 
minish the influence of special in- ! 
terests or change the outcomes of ■ 
public policy. ; 

In contrast to Schoenbrod, ! 
Rauch takes an expansive approach 1 
to describe the many ways in which ‘ 
a hardening erf the arteries is “en- 
coded into democracy's DNA” 

Jonathan Dorfman, a Boston en - • 
ireneur who often writes about ' 
tries and religion, wrote riiis for \ 
The Washington Post. 


BRIDGE 


By Alan Truscott 

T HE North American Open 
Pairs Championship ended in 
March in a victory fa Tun Griffin 
and Ken Schulze, who Became the 
first pair ever to win this title twice. 

The runners-up had an unusual 
route to the final. They failed to 
qualify at the end of the semifinal 
play, but the next morning discov- 
ered that they had qualified after 
all because of the diagramed deaL 
It can be seen that North-South 
are virtually guaranteed to make 
seven no-trump, which will only 
fail if East has all four missing 
dubs. The only pair to reach that 
contract, were Steve Levy and Pe- 
ter FriendlaixL 

Levy's bids as North had aS 
come slowly, and East-West, 
clutching at a straw, now com- 
plained to the director They sug- 
gested that South's bid of five dia- 
monds had been influenced by the 
slowness erf the four-spade bid. The 


directors ruled that the contract be 
reverted to four spades fa a score 
of 510. 

That would normally have ended 
matters, since Levy and Friedland 
had not hope of qualifying even if 
they received the top score due to 
than fa bidding seven no-trump. 
But they correctly appealed the rid- 
ing in the interests of the field. That 
is to say, a change in their score 
would affect others, 

A committee quickly decided in 
their favor, restoring the seven no- 
trump score and moving East-West 
out of a qualifying position. Hie 
next morning Cohen discovered 
that he had qualified and was em- 
barrassed; He had been the chair- 
man of the committee, and had 
unwittingly given himself a qualifi- 
cation. Another committee was. 
summoned, reaching the same con- 
clusion, and Cohen and Rogers 
then came close to victory. 


WEST 

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.INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994- 


Page 5 


" v Kd 


Everybody knows that 
a saloon is more practical 
than a coupe. 

But what’s so great about 
being practical? 


Generally speaking, coupes aren't so practical as 
saloons. Passengers take longer to get in and out. 
Shopping bags are slightly harder to get at. One’s 
reputation for total respectability becomes ever so 
slightly at risk. 

Which is, perhaps, the whole point. 

A coupe carries with it the irresistible, undeniable 
aura of fun. There is something about its clean flow- 
ing lines that helps to make driving almost as enjoy- 
able as it's supposed to be. 

THE BEST OF BOTH WORLDS. 

All this led us to think how nice it would be if some- 
one could bring out a new model that had the elegant 
body shape of a coupe but was somehow just a litde 
bit more practical. Something that combined the best 
of both worlds. 

This is exactly what we tried 
to achieve with the new Saab 900 i 
Coupe. We call it the three-door. 

The looks you can judge for 
yourself. So we’ll concentrate 
on less visible bits. 

Take the chassis. Unlike other 

AT SAAB‘S DESIGN 

coupes, this is exactly the same length TO NATL,REF01 
as we use on our five-door model. It isn’t shortened 


AT SAAB‘S DESIGN DEPARTMENT WE LOOK 
TO NATURE FOR OUR INSPIRATION. 


and luggage compartment are every bit as roomy. 

The headroom hasn’t been reduced either. Again, 
^passengers have the same roomy feeling as they do in 
the five-door. 

VERY SAAB. 

The new 900 Coupe is also equipped with front 
wheel drive to give you superb road-holding even in 
the worst conditions. 

Plus the reassuring safety features you’ve come 
to expect from Saab. Like intelligently designed crash 
zones, a uniquely strong, specially constructed body, 
and ABS brakes and air bag as standard. 

It also has the Saab SafeSeat - an exclusive, inte- 
grated feature that gives back-seat passengers a 
whole new degree of safety. 

( 

THE TURBO TRADITION. 

As you would expect, the new 900 
Coupe comes with the option of a 
turbo engine - a Saab tradition. 

We originally introduced 
the turbo for reasons of power, 
an idea that other manufacturers 

kRTMENT WE LOOK 

r inspiration. found amusing at the time. 

Today, apart from being admired for its perform- 



in any way. Which means that both the rear seat ance, the Saab turbo is also recognised as one of the 


most environmentally friendly petrol engines around, 
ft’s an engine that no longer amuses our competitors. 
And it suits our new 900 Coupe beautifully. 

FOR PERSONAL REASONS. 

Saab isn’t an automotive giant. We’re a small com- 
pany with the flexibility to make the kind of car we 
want. Hence the Saab 900 Turbo Coup6. 

Exactly why you might want it, is entirely up to 
you. Every Saab driver has his or her own reasons. 
We’ve simply tried to give you as many reasons as we 
can. So if you want the kind of craftsmanship you 
associate with Saab, the joy of a turbo and the ele- 
gance of a coup£, this is a car worth looking at. 

You may not have been looking for a practical car. 
But isn’t it nice to know 
you’ve got one anyway. 


FOR FURTHER INFORMATION. A TEST DRIVE OR DETAILS OF OUR INTERNATIONAL/DIPLOMAT SALES PROGRAMME CALL SAAB INFORMATION SERVICE ON +44-71 240 3033 OR FAX TO +44-71 240 6033. 



Introducing the new Saab 900 Turbo Coupe. 


ICf 6L£$*-jrg., 






Page 6 


INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


By John Tagliabue 

New York Times Service 

ROME — Bruised but victorious after his 
first battle with parliament, Silvio Berlusconi 
has secured the speakers’ posts in both 
booses of the legislature for his handpicked 
candidates, paving the way for his own nomi- 
nation as prime minister in the next few 
days. 

After fractious bargaining, the Chamber 
of Deputies elected Irene Pivetti, a 31-year- 
old first-year legislator from the separatist 
Northern League, while the Senate chose a 
49-year-old economist. Carlo ScognamigUo, 
of Mr. Berlusconi’s Forza Italia party. 

[Mr. Scognamiglio said Sunday that Presi- 
dent Oscar Luigi Scalf arc warned to name a. 
new prime minister and begin the process of 
choosing a government this week, Reuters 
reported from Rome.] 


Parliament convened Friday for the first 
time since the March 27-28 elections, in 
which Mr. Berlusconi's party and its rightist 
allies wen enough seats to form a coalition 
government. Parliament’s choice of Miss Pi- 
vetti and Mr. Scognamiglio both backed 
by the rightist alliance that linksForza Italia, 
the Northern League and the neofasdst Na- 
tional Alliance — was a break with Italian 
traditions. 

Under the traditional system of power- 
sharing, the posts of speaker have often gone 
to the opposition, which for all the postwar 


and its successor, the Democratic Party oi 
the Left. 

Opposition leaders could not hide their 
bitterness. 

“We’ve been pushed to this point by the 
line Of the right, which tenaciously sought a 


partisan solution,” said Claudio Petrucrioli, 
a senator from the Democratic Left 
The selection of Mr. Scognamiglio. a 
sometime government adviser who studied at 
the London School of Economics and is 
rector of a business school in Rome, reflects 
Mr, Berlusconi’s efforts not to break entirely 
with the business establishment 
A former member of the pro-business Lib- . 
era 1 Party, Mr. Scognamiglio entered the 
Senate In 1991 His former wife is a. niece of 
Gianni Agnelli, the Fiat automobile baron; 
his present companion is the daughter of 
Leopoklo Pirelli, owner of the Pirelli rubber 
fiim. 

Miss Pivetti is a dose associate of the 
Northern League leader, Umberto Bosst 

and like him made her mark, and has drawn 

criticism, for her extreme outspokenness. 

A Roman Catholic of a fundamentalist 


In an interview last year with the newspa- 
per L’lndependeme, Miss Pivetti was quoted 
as denouncing critics who “accuse me of 
anti-Semitism for bong a - Catholic who 
doesn’t recognize “elder brothers’ in false 
religions.” In recent statements. Pope John 
Paul II has referred to Jews as the “elder 
brothers” of Christians. 


Report Ties 
Stasi to Jet 


Bombing 


By Stephen Kinzer 

New Yack Times Service 

BERLIN — A report in the mag- 
azine Der Spiegel alleges that the 
East German secret police may 
have participated in the bombing 
of a Pan American World Airways 
jet over Lockerbie, Scotland, in 
1 988, killing 270 people. 

The United States has main- 
tained that the Libyan government 
was solely responsible for the 
bombing. After Libya refused to 
extradite two suspects for trial, the 
United Nations punished it by im- 
posing economic sanctions. 

According to the magazine re- 
port, published in its edition dated 
Monday, timers identical to the one 
used in the Lockerbie bombing 
were purchased by the East Ger- 
man secret police, or Stas, in the 
late 1980s. 


Compiled bp Our Staff From Dispatches 

BONN — The U.S. ambassador, 
Richard Holbrooke, has apolo- 
gized to the German government 
after a senior American diplomat 
strongly criticized Germany and 
Chancellor Helmut Kohl for fading 
to crack down harder cm anti-for- 
eigner and anti-Semitic violence, 
diplomatic sources said. 

The diplomat, Douglas H. Jones, 
principal officer at the U.S. Embas- 
sy’s office in Berlin, said foreigners 
were too often made to feel unwel- 
come in Germany and pointed out 
tha t the country’s nationality law is 
still based on race. 

“If Germany is not a racist sori- 


cated upon race?" Mr. Jones asked 
in a speech last week at the former 
Sachsenhausen concentration 
camp memorial in Oranienburg, 
north of Berlin. 


a conversation with Mr. Kohl’s for- 
eign policy adviser, Jo achim Bitter- 
lich, the sources said. 


The UJS. Embassy in Bonn said 
Mr. Jones's views did not represent 
the views of the embassy, the am- 
bassador or the U.S. government. 

“Even though Mr. Jones noted at 
the outset of ins speech that he was 
expressing his own views, it was 
inap propriate for him to make re- 
marks so at variance with U.S. poli- 
cy while working as an American 
official,” the embassy said in a 
statement 


The diplomat who is to retire 
next month after 21 years in the 
Foreign Service, questioned the 
consistency of remarks by Mr. 
Kohl, who said foreigners were 
welcome but that Germany was not 
a nation of immigrants. 


Mr. Jones noted (hat Mr. Kohl 
had not attended the funerals of 
any foreigners killed in attacks by 
extremists in the wave of rightist 
violence that has followed the 
country’s 1990 unification. 


ety, why is its nationality law, 
which was written in 1913, predi- 


The U JS. chargfi d’affaires, Don- 
ald Kursch, expressed his and the 
ambassador’s “profound regret'' in 


“If I were a skinhead, I would 
take a certain amount of comfort in 
bearing that Germany is not a 


Beijing Says Taiwanese Were Murdered 


“This endangers both the Ameri- 
can and Scottish indictments," 
Volker Rath, a German police de- 
tective who has been investigating 
the bombing, told Der SpiegeL 

In previous investigations it was 
determined that the timer which set 
off the Lockerbie bomb was one of 
less than two dozen manufactured 
by a Swiss company, Mebo AG. 
Company officials had previously 
said they sold all the time rs to Lib- 
yan agents in East Berlin. But six 
months ago, according to Der Spie- 
gel, a Mebo official “suddenly re- 
membered" that the company had 
sold at least seven to an institute 
that was a front for Stasi activities. 

Der Spiegel said German investi- 
gators now suspect that the Staa 
served as an intermediary between 
Mebo and Libyans involved in the 
bombing.* 


Compiled by Our Sutff From Dispatches 

BEIJING — The authorities 
have arrested three men suspected 
of robbing and killing 24 Taiwan- 
ese tourists oa a pleasure boar last 
month, state television announced 
Sunday. 

It was the first time Chinese offr- 
dais had acknowledged they were 
treating as murder, robbery and 
arson a case that threatened a sud- 
den drop in prospects for coopera- 
tion between Chma and Taiwan. 

Chinese offidals previously had 
insisted that the boat fire on a lake 
in eastern Zhejiang Province on 
March 31 was accidental, despite 


repeated charges by families of vic- 
tims that it was a deliberate act 
Sunday's announcement, also 
carried by the Xinhua news agency, 
said the three suspects had “con- 
fessed to plotting, preparing and 
carrying out the robbery and mur- 
ders and setting fire to the boat, the 
Hariri, on Qiandao Lake." In addi- 
tion to the tourists, eight Chinese 
crewmen were killed. 


News of the arrests of the three 
came after 17 days of investigation 
into the incident, the report said. 
A Taiwan government source 


quoting intelligence reports said 
Saturday that a group of renegade 


Paris Cemetery Vandalized 


Agence Fnmce-Presse 

PARIS — Vandals desecrated 
164 graves in Pint Lachaise ceme- 
tery during the night of Saturday- 
Sunday, the police reported. 


Saturday that a group of renegade 
People’s Liberation Army soldiers 
armed with flamethrowers robbed 
the tourists and burned them to 
death. 

The authorities found out about 
the murders the next day but deed- 
ed to cover them up and ordered 
the stolen goods to be returned be- 
cause “the impact of the incident 


could be far-reaching,” the source 
quoted intelligence reports as say- 
ing. 

The deaths of the 24 Taiwanese 
who were on a package tear -has 
caused a sharp dispute between 
Beijing and Taipei, and a wave of 
public protests in Taiwan against 
the Chinese authorities. 

Taiwan strongly criticized China 
for its handling of the case, espe- 
cially its insistence that the victims' 
bodies be cr emat ed before being 
sent home, and its refusal to allow 
relatives to go near the boat. 

Relatives had accused the Chi- 
nese government of trying to hide 
the true cause of the fire, and Tai- 
wan launched a series of boycotts, 
including suspension of cultural 
and educational exchanges, sight- 
seeing tours to China, and the reap- 
praisal of economic policies. 

At issue are several hundred mil- 
lion dollars in. revenue that Tai- 
wanese tourists bring annually to 


the mainland. Last year, Taiwanese 

, marfa 1.5 millio n visits fnOwna, up 

freon about 300,000 in 1989. The 
increase reflected the recent era of 
reconciliation. In 1993, Taiwanese 
viators spent an estimated 5600 
million. 

Politically, the growing outcry in 
Taiwan, joined by President Lee 


Teng-hui and other senior officials, 
has developed into a major setback 


has developed into a major setback 
to Chinese-Taiwanese relations. 


One consequence is a sudden rise 
of sentiment in Taiwan for inde- 
pendence. A record 27 percent of 
1,011 people interviewed support- 
ed calls for the government to 
aBandon its goal of eventual reuni- 
fication with China and declare in- 
dependence. a Gallup survey 
showed. About 46 percent of re- 
spondents opposed separatism. 

Previous Gallup polls showed 
support for independence at 13 
percent and opposition at 61 per- 
cent (AFP, Reuters* LAT) 


EAST: 



Stranded Feeling 


INTERNATIONAL PRIVATE BANKING 


Confirmed from Page 1 
democracies in from the cold won’t 
change those political realities." 

The cold shoulder is starting to 
canse serious friction between the 
two rides of the Continent, with 
leaders such as Prime Minister Va- 
clav Klaus of the Czech Republic 
wanting dial the West will live to 
regret its shortsighted attitude to- 
ward the East 

At a testy news conference last 
month in Brussels, Mr. KJaus open- 
ly clashed with Jacques Delors, the 
president of the European Com- 
misrion, the EU's policy-making 
body. Mr. Delors insisted that the 
EU countries would try to open up 
more but feh “no guilt” in blocking 
■agricultural products from the 
East- He said that cooperation in 


political and economic fields must 
be “part of a gradual process." 


be “part of a gradual process." 

Mr. Delores cautious approach 
visibly infuriated Mr. Klaus, who 
declared that any talk about mem- 


bership by “the end of the century 
is much too late, unacceptably too 







is much too late, unacceptably too 
late.” . 

* He called for the West to halt 
shipping all subsidized products to 
the East and advocated an immedi- 
ate free-trade zone between East- 
ern- and -Western Europe to put 
commercial relations on an equal 
basis. 


%-r fjjnS >A : A 


Attack at Corsica Air Base 

Reuters 

AJACCIO, Corsica — . A bomb 
exploded inside a French Air Force 
base on Corsica on Sunday, heavily 
damaging the commander’s office 
bat causing no casualties, offidals 
said: 




strain. Miss Pivetti has come under fire in the 
press for remarks-that many cake to be intol- 
erant of other faiths, notably Judaism and 
Islam. 


, . ■■ mV v. • 





v J 


SwSSSi li 




Miss Pivetti won 347 of tire 630 votes in 
the chamber. Mr. Scognamiglio won the sup- 
port of 162 of the 325 senators who voted. 

Prime Minister Carlo Azeglio Gampi re- 
signed Saturday after the ivo speakers were 
elected. He wul mind day-to-day business 
until a new government takes office. 


U.S. Disavows Diplomat’s Rebuke of Kohl 


country of 'immigration,” Mr. 
Jones said 

“That would signal to me that 
the neady 7 million foreigners who 
live here legally do not belong here 
and that 1 am justified in wanting 
them gui.” 

As an example of intolerance a 
foreigner can encounter, he gave 
the example of the elderly German 
woman who heard two people 
speaking English on a subway and 
said in a stage whisper, “German is 
spoken here" 

Bettina von Branchitsch, a Bonn 
government spokeswoman, said 
the embassy had informed the gov- 
ernment that Mr. Holbrooke 
“deeply regretted" the remarks 
made by Mr. Jones. 

(AFP, APj 




Asp Niedriaglau/Aseace Francc-faue 

Egyptians with the UN force huddEng in their personnel carrier: 
Sunday at Sarajevo airport as they awaited orders to move out 


RUSSIA: Weak Hold on the Serbs 


Continued from Page 1 

day when the Russian special en- 
voy, Viiali L Ch urkin, was told by 
the Bosnian Serb commander, - 
General Radko Mladic, that his 
troops would not storm or shell 
Gorazde, even as they were prepar- 
ing another assault. 

Still, the Russians remain the 
only interlocutors the Serbs seem 
to trust at all especially after North 
Atlantic Treaty Organization air 
power intervened, however tenta- 


against the Slavic Serbs, even under 
UN auspices, will be seized upon 
by the ultranationalist and even 
centrist opposition to President Bo- 
ris N. Yeltsin, whose political pow- 
er is perceived to be weakening in 
any case. 

If the ftnd 1 of communism has let 
loose viririent nationalisms in the 
former Yugoslavia, it has also cre- 
ated an equally virulent form of 
Russian nationalism here, where 
there is already confusion about 


trvely, on the side of the Bosnian what the identity of a newly inde- 
Mnslirbs, though formaHv only to . pendent Russia ought to be. 


protect UN peacekeepers. 

Despite the setbacks and embar- 


There is already a growing anti- 
Westermsm, bulli on disap poinl- 


nsstnaus, Mr. QinrWn and Mr. . ment with the slow transition to a 
Kozyrev are continuing to uy to market economy, which feeds new 


find a diplomatic settlement for assertions of Russia’s singularity 
two verv good reasons. and great-power st a tus. 

First, the Russians □< 


Russians no more than So as Mr. Kozyrev tried to con- 


the West Europeans or the Ameri- vince the Serbs tq come to a dSplo- 
earn want to use significant mili - made settlement, he also criticized 


tary power, let alone engage troops Bosnian Muslims for their tf provo- 
in a ground war in former Yugosla- cations” to the Serbs and called 

\ut/v 


NATO's use of air power “exces- 


Secand. the use of NATO power sive,” risking a wider war. 


GORAZDE* Serbs Shell Enclave 


Continued from Page 1 


not linked to the UN command 
structure. The alliance sbould “do 


- J ■ - m . . /<, duuwiiu*. a. UV UM1WIW OUVIMM wv 

pauited a picture of despair m Got- 50 ^^,^ OT else go out of busi- 
azde and around the building hous- ne ss,”hcsaid ■ 


At tbatpomt Mr. Fav said, he 
Oufesseti to crimes that he did- not 


irig UN staff there. 


In another incident, an off-duty 


• British .UN soldier was shot to 

jog tht , bmhW and .1 saaadal to ^ at a 4 *,*^ tbeMns- 


stqjooKide, Shesud-Werenow flomlanArmy in Sarajevo, 

up to aboul 30,000 panicking peo-. I[N nil Authorities 


T Sd u Ju.uwpamanng peo- a um spokesman sail Anthonies 
pie who haTC.moved into [he cmiter aidthls^nvras wearing rifO- 
of town Our budding is full of iandolha and was breaking a ear- 


people fleeing.” 

She said members of the UN 
staff “tried to take a look outride 
and there was so much sniper fire 
they came back in.” 

Tens of thousands of Gorazde 
residents, who have been under 
siege for most of the two-year war, 
cowered in buildings or huddled 
fearfully in a drenching rain as 
tanks lumbered down the streets. 

. Doctors Without Borders, the in- 
ternational medical relief organiza- 
tion, reported that Gorazde's hos- 
pital bad been hit, kiBtng some 
patients and wounding. some of its 
staff.. 

The Bosnian Serbian news agen- 
cy, SRNA, quoted Mr. Karadzic as 
saying that the Pale talks with Mr. 


few (hat runs from 10 PM. to S 
A.M. (Reuters, AP.AFP ) 


U.S. Finns Refuse 
To Intervene in 
Singapore Case 


Reuters 

SINGAPORE — Three major 


confessed to crimes that he did- not 
commit. “I couldn’t last any more,” 
he.wrote. “I had no idea what I was 
truly admitting to, but they became 
nice to me from that stage on.” 

Although it has declined to an- 
swer questions about die existence 
of the socalled. air-con room, the 
Singapore government has vigor- 
ously disputed the allegation that 
the teenagers woe. in any way 
roughed up. 

“This .complaint has no basis,” 
the Ministry of Home Affairs said 
is a statement - 

■ Mi. Fay’s parents divorced -in 
1984, and he -has been living in 
Singapore since 1992 with his 
mother and stepfather, who works 
for Federal Express. 

- ■ Mr. Fay had no prior c riminal 
record -in Singapore or the United 


U.S. companies operating in Singa- Slates, and teachers and school ad- 
pore were quoted on Sunday as nrinistratore who knew Mr. Fay in 


saying they would reject a New 
York Times call for than to protest 


i had ended the “crisis be- vandalism. 


York Times call for than to protest 
a caning sentence imposed on an 
American teenager convicted of 


the United States said he was never 
a disciplinary problem. 


Mr. Fay’s lawyers are now pre- 
ring a final clemency appeal to 


tween the Bosnian Serbs and the An 
United Nations, and an order has Times 
been given for an immediate cessa- execut 
lion of fire in Gorazde.” based 

Sunday’s developments came a the Su 
day after a British jet was shot sciud I 
down over Gorazde. The jet was Michai 
one of two British Sea Harriers Thre 
targeting a Serbian tank firing on corp, 1 
Gorazde. The pilot ejected and was Singap 
safe. Fays p 

Commenting on the downing of the isla 
the British plane, Bob Dole, Re- “We 
publican of Kansas and the Senate them t 
minority leader, called Sunday for unless 
retaliatory action. operati 

Speaking in a televised interview, corp in 
he advocated NATO retaliation- saying. 


An editorial in The New York 


paring a final clemency appeal to 
the Singapore government. They 
have until Wednesday to present 


■ ■ nave nntfl Wednesday to present 

.tiHMcase. President BfflClmtOTof 
exeajtives of nme njgor U.S.- United States has urged that 

based companies to heto uressure r T. T .r ! 5 


based companies to bdp pressure 
the Singapore government- to re- 
scind the caning sentence against 
Michael P. Fay, 18. 

Three of the companies — - Citi- 
corp, IBM and Du Pont — told the 


CANING: 

Doubts on Inquiry 


Gnftinued from Page 1 
20, six days after bis release. “They 
had physically , aud mentally hart 
me.” 

■ While, Mr. Fay’s allegations 
ought be seen as desperate excuses, 
it may be possible to substantiate 
large portions of bis statement, 
which suggests that 'Mr. Fay and 
his friends may have been So physi- 
cally abusedduring their iritezroga- 
.tions that they were forced to con- 
fess to Crimes that they did not 
cornmiL. 

Mr. Fay described how another 
of the teenagers taken into custody 
with him, the 15-year-old Malay- 
sian who' is still awaiting trial, was 
beaten so severely by the police 
that he at least temporarily Jost the 
hearing in doe ear. . 

According to Mr. Ffe/s state- 
ment, (he Malaysian, Tze Khong 
Choo, returned bloodied from one 
interrogation. “When Tze sat 
down; he told me that the investiga- 
tor punched him in the nose, 
sniaefced his ear and frit him. with 
some kind of bat,” wrote Mr. Fay, 
who is now in prison. “The shirt 
had been all bloody from the nose, 
and Tze said he couldn't bear out of 
the ear which was hit.” 

Singapore lawyers say the sum- 
maty prepared by Mr/ Fay after his 
detention had the ring of truth, 
especially in his description of a 
brutal interrogation and of the 
“air-coil” room,” which the lawyers 
say is commonly used in Singapore 
to encourage confessions. 

Franqis Seow, a former sofiritor- 
geoeralof Singapore who is now a 
prominent dissident, said that the 
existence of the interrogation room 
wfcswU known in Singapore legal 
aides and that “it is so cold' that 
even the interrogators cannot stand 
R, and they often have to leave the 
room, leaving yon inside.” 

Mr, Seow, a- -visiting fellow at 
Harvard Law School, .said that be 
was repeatedly held in the room 
daring a 72-day detention in 1988 
and that it had left him with “cold 
rashes” across'his body. 

In a [ telephone interview, Mr. 
Seow said that coerced confessions 
were common in Singapore, and 
that Mr.' Fay was likely “terror- 
ized” during his interrogation. “I 
think that word is oot an under- 
statement,” he said. 

In Mr. Fay’s statement, he re- 
called that he had been seated . at 
one point Jn a room with seven 
interrogators surrounding him. 

live statement continued: “One 
investigator said, *we don’t care 
about the American Embassy or 
your parents anymore, they can’t 
help you anymore. We will beat 
you and pin you into the air-con 
room’- (you strip down to your un- 
derwear. take a freezing cold show- 
er, go into a small air-con room 
winch I had been in before, and the 
police investigators whip you with 
this stick wmch looks broken). I 
know how tins is d 6 ne because an 
officer tokl me, and 1 saw^ people 
come m aud out of there-the whole 
week 1 was in there;" 


<r r,i 

ill' 1 ' 


I A- ; '. J - 


l ;*■ - . * 
I A ■ 


iT- '■ 1 !*' ■' 
,V- ' 


is 


ye 








Singapore Sunday Tunes that Mr. flags and- a sheet of glass from 
Fays punishment was a matter for telephone booth were round in h! 
the island state’s courts to decade. Fay's room, and he did plead gcdl 
“We try to refrain from telling to possession of stolen property. 
thOThow to conduct their lives. But Mr. Fay has insist* 
unless rt mmnges on our business throuahout that most nf the item 


the caning sentence be set aside. 

The boy’s lawyers aay there was g. 
almost no physical evidence that 
tied Mr. Fay to the vandalism. . 

Stolen traffic signs, Singapore 
flags and-a 'sheet of glass from a 
telephone booth were found in Mr. 
Fay's room, and he did plead guilty 


uhOT now to conduct mar lives. But Mr. Fay has insisted 
unless it infringes on our busmess throughout that most of the items 
operations, a spokesman for Citi- were actually stolen by a friend, the 
corp in New York was quoted as son of a Swedish diplomat who has 


.V* ‘ ^ '■ 


since returned to 


1 in Sweden. 


STAFF : Backstairs at the Ointon White House, It’s a Shudder a Minute 


'AmfadfeR', by Ktaherma Frittch, a Coma Comanporari An Foundation 1994 moardmhma. 


Continued from Page 1 


Our support of artists in the forefront of contemporary art reflects our commitment to maintain 
a position at the ‘leading edge’. Combining innovation with traditional values, we provide 
high-quality banking, investment and trust services to wealthy private clients- By focusing 
global expertise on individual needs, we offer tailored -as well as standard solutions worldwide. 


Zurich: telephone 01-214 5518, facsimile 01-214 5514 
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BAHAMAS BERMUDA CANNES CAYMAN GENEVA GUERNSEY HONGKONG ISLE OF MAN JERSEY 
LONDON MIAMI NEW YORK .SINGAPORE TOKYO URUGUAY ZURICH 
A member of the National Weitminicer.Bank group 


most staffers spend their lives at the White 
House. They see the republic as their real boss, 
and the house as their house. 

In the years since Jefferson filled the White 
House with slaves from MonticeQo, the imperi- 
al impulse is undiminished. Mr. Nixon's short- 
lived plan to put his guards in operatic gold- 
braided tunics and plumed helmets was only 
-the- most extreme manifestation' of this urge. 
Rcdecoration, for instance, once done as need- 
ed, is now considered essential, a way for the 
latest occupants to express themselves. 

The new case of tackstairs jitters seems espe- - 
dally odd in this administration of loose-fit 
jeans and r unning shoes. Why.is a 47-year-old 
veteran of ihel960s social upheaval, who fode 
to victory on a bus and a promise of a middle- . 
class tax cut,. having such problems with the 
little people? * 

Is it party? Republicans like to sneer that 
Democrats talk big about humanity but do not 
know bow' to treat humans. 

. Thai was certainly true of Lyndon Johnson. 
Wanting to show off his bounds to Dinah$hore 
one night, Mr. Johnson mistakenly phoned the 
gardener. Bill Ruback, instead of the kennel 
keeper. When Mr. Ruback told the president he 


had dialed the wrong extension, Mr. Johnson . 
shouted, “You’re fired!" Mr. Ruback had to 
hide out for months among the crab apple trees, 
waiting for Mr. Johnson to forget about it 


Really big trouble ensued if a butler dared to 
aur. Mr. Johnson a highball using a second 


serving from the same bottle of soda water, 
instead of opening a new one. 

By contrast,- Republican leaders have more 
natural talent Tor bong served. One top Clinton 
official defines the difference between 'the par- 
ties this way: Democrats will wait to hand off a 
-bag loan aide until the aide offers, while 
- -Republicans hand off their ba gs without a 
■word. ■ . • . v 

Dwight Eisenhower's valet held-out the press- • 
' dent’s undershorts in the morning, so that he ■ 
could step into them. And when the first lug 
snowstorm of the Reagan administration 
struck, nearly all the top advisers were late 
except Vice President Gcoije Bush. He credit- 
ed his driver, telling a colleague that the chauf- 
feur lie had when he was little had always got 
him to the Greenwich Country Day School in 
bad weather, too. 


the proper butlers with his standing order for 
pigs knuckles at card eaines. 

ff not party the®, what about dass? 

In her new memoir.- Peggy Noonan, the for- 
mer speech writer for Mr. Reagan and- Mr. 
Bush, suggests that this president struggles with 
comportment because, unlike Mr. Kennedy 
and Mr. Bush, he had no one to show Him 
“where you put the rug, how you knot the'tie. 
how to react. when the waiter is. rude.” 

Tti presidents do 'not need to come from 
privilege to know how to treat the help. The 
Tramanswere adored by their household staff, 
.^evenMr. Nixon was considered quite kind. 
- ‘Mr. Clinton, who rose with the help of men- 
tors, has an ingratiating air with his elders. But 
mong with servants jittery over dismissals. Mr, 

■ s ywntfi aides haw the nervous manner 

of children who expect their father to blow up 
at any monent. It is disconcerting when tire 
president dresses down hb- rosy-cheeked aides, 
such as George Siephanoponlos, m public, and 
wren he sends the Stephan opouli out to defend 
his messy past, about which they know little. 

In the end, Mr. Clinton's little-people prob- 


* 


■The party theory falls apart upon close in- 
spection, The Kennedys and Roosevelts were 
quite popular, even though F.D.R. surprised 


in the end, Mr. Clinton’s little-people prob- 
lem is not political or cultural, it’s personal. 
The president conducts his life expecting others 
to clean up after him. And that is a question of 
grace. . • . 









1 t v, ^ 

, a 1.Nc. 


| -v m INTERNATIONAL HERALD TRIBUNE, MONDAY, A PRIL 18, 1994 

— atmg the World’s Best Restaurants: 


Page 7 


BRITAIN 


S’wSST' ,Hn ren “"- 

world's top restaurants JS f mtwue ^ 10 raie the 
casual and MfofhuL ^ focuses on more 
bud. Germany Switzer- 

The Top Tables 

londo ” ™ 

Intemautma! Herald Tribune 


PSSMS»>. 


-v," , 7% 

i* Si 


■aw*© . C» 


iSVaVnuil 

l Tree I 




PATRICIA 

WELLS 


0 -fr ■5", *» i«w™Ki^riS 

SSf UT “ te<Mrc “L OT <X>n-taa 

Bui Koffmann brings a lot more than his 
memories of a French farm boyhood in Ga^co- 
ny to his cmsme. There’s also a healthy dose of 

Solid c ulinar y t raining 

— enhanced by a great 
endurance and dogged 
^ determination. 

We’re Incky that 

Koffmann didn’t grow 

up to be the fanner he 
hoped to be, for what he 
~ ^ has done is brought 

. some of the finest peas- 

ant cuisine of France’s southwest to London. 

La Tanie Claire is small — room for no more 
than 45 diners — and crisply decorated in 
shades of daffodil, royal blue and white. Service 
is efficient, quietly attentive, with not a drop of 
pretension. The food seems to satisfy all that 
Koffmann sets out to achieve. 

Two of his finest dishes come straight from 
the farm, yet somehow taste as though they’re 
brand new, updated, citified. Of course. Why 
not a pot-au-feu de foie gras ? Take that fat, 
voluptuous lobe of dock Ever, poach it just a 
bit, then team it up with an avalanche of fresh, 
faintly crunchy baby vegetables, such as per- 
fectly blanched fava beans, peas, cabbage, 
carrots, snow peas, green beans in a deep, 
haunting broth. Try it with a few sips of Zmd- 
Humbrecht 1991 Riesling and your palate will 
do a little dance. 

And while we're at it, let’s take a rare, exem- 
plary specimen of wild Scottish salmon and 
poach it in goose fat. This isn'tjust some wacky 
bilingual attempt at surf- and- turf, for Koff- 
mann re-creates a childhood specialty of salm- 
on from the Adour River poached in goose fat, 
much like duck or goose confiL The result is 
sensual satisfying, totally valid, for the goose 
fat imposes nothing, doesn’t try to compete, 
only serves to enhance the salmon’s alky, 
smooth virtues. A dollop of mashed potatoes, a 
tiny salade fris&e mate it a most agreeable meaL 
Swirl along with it a glass of ToUot-Beaut’s 
1986 Carton, and toast Koffmann’s thoroughly 
modem, on- target French cooking. 

Closed Saturday, Sunday, Christmas and New 
Year’s Day. Set hutch, £25 ($37); £45 minimum 
charge at dinner. 

If I ever ran a restanrant. I wotdd want it vwy 
much to resemble duke's, for Sally Clarke’s 
neat-as-a-piu, cheery and ultimately satisfying 
restaurant offers much of what we go out to eat 
for. 

She makes it all look so easy, that appealing 
menu that somehow knew we were in the mood 
for familiar fare with a bit of a twist: So why 
not combine a few slices of creamy, moist 
mozzarella, add some flawless, oil-cured ancho- 
vies, capers, huge leaves of flat, fresh parsley, 
olives and — here’s the surprise — halves of • 
purple-black grapes. Sweet and almost squishy, 
they play at trompe 1'oeil teasing us into think- 
ing they’re salty black oKves. The capers are just 







THE LIST 


FAR 






i?' " ;;v: 


Jl 




Ida Rcdmn (Wihui Treel: Gen> Fenny (Tame Cbnt. ClarteTn Peter Kanp/Agcax France- Pro.* lor the IHT 

Clockwise from above: Ann and Franco Taruschio outside The Walnut 
Tree Inn in Wales; Chef Pierre Koffmann in the kitchen of La Tanie 
Claire in London; Hilary and David Brown outside La Potiniere in I 
Gullane, Scotland; Sally Clarke in the kitchen of her London restaurant. 




a whisper, the bed of parsley leaves as salad a 
welcome refreshment. 

It’s a casual place in a way, but one that 
doesn’t take itself casually. No airs, yet those 
lean and smiling waiters and waitresses in shins 
and slacks and crisp striped aprons, could just 
as well be serving in an upscale spot, decked out 
in tuxedos, all polish and poise. 

This time of year, you're likely to walk in 
with the rain and out with the sunshine, and 
that warm platter of baby leeks and hops, 
showered with chervil chives and truffle butter 
(that actually hints of the rare black tuber), lets 
you put the raindrops behind you. 

While the menu might make it sound like this 
is just another Mediterranean-trendy spot, the 
overall result is quite oerebral and fuQy pleas- 
ing. So when Sally Clarke tucks fresh herbs 
beneath the skin of a moist, flavorful chicken 
breast, or combines mint and balsamic vinegar 
for a sauce to pour atop new-season grilled 
lamb, you don't go “ho, hum,” but quite the 
reverse. 

I adored her choice of cheeses — a subtle and 
nutty viD age-made sheep’s-mQk Spenwood, 
and a mushroomy Cooleeney Irish farmhouse 
cow’s-milk offering — saved with delectable, 
crumbly oatmeal crackers and tiny radishes 
spread with butter. 

A fruit-on-fhut dessert, Brantley apple frit- 
■lers with rhubarb sauce, offered a fine play of 
textures, a sweet and homey dose 10 a meal 
worth repeating. 

There’s not much choice at lunchtime (just 
two first courses, two mains, a dessert or a 
cheese) and none at dinner time, though one 
could do much worse than pul your palate in 
the hands of Sally Clarke. 

Closed Saturday, Sunday, two weeks at Christ- 
mas, one week at Easier, two weeks m summer, 
and bank holidays. Fixed price meals: £22 and 
£26 at hatch, £37 at dinner. 

Overthepasi few years, each visit to London 
has necessarily included a trip to ffibentonn, to 
sample Simon Hopkinson's able, ample cuisine. 


and rarely does be disappoint. How could one 
not be uplifted in such bright, good-times sur- 
roundings, with the light streaming through the 
brilliant stained-glass windows and the jaunty 
Michelin man egging you on? 

In this successfully restored turn-of-tbe-cen- 
tury Michelin garage on Fulham Road, Hop- 
kinson tinkers with a touch of French, a hint of 
Mediterranean, a nod to British culinary histo- 

On my most recent visit, 1 fell thoroughly in 
love with his simple artichoke vinaigrette, a 
stunning platter of baby artichokes stuffed with 
a finely dreed mixture of parsley, garlic, capers 
and black olives, a play on the traditional 
tapenade, but one with greater crunch and 
vitality. He served u with a spiced-up version of 
the Middle Eastern chick-pea spread, or hum- 
mus. 

While he’s perfectly content to offer a totally 
traditional Caesar salad, he’ll be sure to add a 
touch of spice to a traditional pea soup, or put 
you in the mood for a warming tart of ham, 
gray ire and sage. 

Even when a dish sounds wacky — such as 
the duck with artichoke and pear salad he 
offered a few months back — he wins you over 
with Ins talent for making it all agreeable to the 
palate. In this case, the duck had a haunting 
. smoke to it, playing well with the pale, under-, 
stated flavors and textures of its companions. 

Clients are ever complaining about the prices 
of the wine list, but if they were rooking for 
bargains, they wouldn’t be here in the first 
place. 

On my most recent lunch, 1 reveled in the 
discovery of two delightful Italian redsJrooi; 
Sardinia: gamet-hued and pleasingly scented, 
the Rocca Rubia Carignano dd Solar 1990 
and the Terre Brune 1989 seemed right at home 
with Hopkinson's roast rump of, lamb' with 
whites beans spiced with a hint of paprika. 

Open daily- Closed Christmas and Easter 
Monday. Set hmch menu : £25. A la carte, £24 to 
£81, including service but not wine. 


A SEAL DINING 


• No. 1: The Seafood Restamsnt, Riverside, 

Pads tow, Cornwall PL28 8BY, England, tab 
(841)532-485. _ . 

• No. 2: The Walnut Tree Inn, Llandewi 
Skin-id NP7 8AW, 3 miles northeast of Aberga- 
venny, Wales, let (873) 852-797. 

• No. 3: U Potfn&e, Mam Street, Gullane 
EH31 2AA, Scotland, tet (620) 843-2 J 4. 

International Herald Tribune 

K EEPING it simple is one of life’s 
most difficult lessons to learn. Oh, 
how we give in to the urge to embel- 
lish. One world chef who seems tru- 
ly to respect the law of amjriidty is the n™ 
and shellfish master Rick Stem, who with his 
wife. JUL runs Britain’s renowned Seafood Kes- 
ttarant A sparkling, straightforward hide root 
on the Padstow waterfront m Cornwall, this 
pleasant family restaurant offers some of the 

true jewels of the sea. , 

Both cold and hot platters of fruits de mer 
alabaster codfish, sprighUy o^taj smjof- 
the-art lobster creations and jaunty 

***** 

three varied oysters: the ^mong 

Hdfords; sharp, deam^crmklMhenedFM&c 
oysters, and the plump, hquor-fflled Loch Fynn 

1991, from the house of Totuzzz e PutbotL 
to? but far tag dag. 


ft,*™*/ HmU Trilm* 

ESSb-* 

bast Otherwise, its little mote 
than ego on a plate. 

Many British chefs — seemingly foUowmg 

the lead of ihor ^^^^fSlgent 
have succumbed U> a raihar ^ 

ssOssssiSSS. 


Paimesan-pepper bread offered with the assort- 
ment of cheeses, that might include Mhleens (a 
raw cow’s-milk cheese from County Cork in 
Ireland); a nicely matured Stilton, or a sheep’s- 
nrilk cheese from Rams HalL All this goes down 
nicely with a few sips of Graham’s 1984 Vintage 
Port. For dessert, don’t miss the exrra-cnmcby, 
memorable creme brul&e ice cream. 

Closed Sunday and late December to early 
February. Lunch menu, £20.25 ($30); dinner 
menu, £2650; & kt carte, £28 to £75. 

Who would imagine finding a truly great 
Italian restaurant tucked inside a crisp, white- 
washed pub on a country road in the bucolic 
border country where Wales meets England? 
Some 30 years ago Franco Taruschio (an Italian 
trained in Italy, Switzerland and France) and 
his En g lish wife, Ann, transformed a ragged 
country drinking spot into a lively, popular and 
now much-publicized trattoria. The British 
food writer Elizabeth David made it one of her 
favorite haunts, and in her introduction to their 
new code bode, “Leaves from the Walnut- 
Tree,” the writer Jan Morris compares The 
Walnut Tree Inn to Harry’s Bar in Venice. 

And if the proof's in the tasting — as it must 
be — all the hoopla is merited, for I'd be happy 
for Taruschio to cook for me any day. From his 
moist and juicy home-cured beef, or bresaola, 
to his warm salad of crisp artichokes, fennd 
and dried tomatoes, to his Pantagraelian pasta 
vindgrasri — a veritable, steaming mound of 
porcini mushrooms, Parma ham, truffles, be- 
chamel Parmesan and egg-rich fresh pasta — 
you brow that he has that incomparably Ital- 
ian touch right down to (he core of his bones. 
And he transmits that joy right to your plate, 
with a fluffy spinach-and -ricotta tart, warm 
baby artichokes stuffed with fresh herbs, and a 
dove- and nutmeg-spiced platter of braised 
oxtail alia vaccinaria, nicely embellished with 
soft, boiled edezy branches. 

lire Inn is modest, to say the least, and many 
complain that the simple stainless flatware, the 
unadorned interior take . away any potentially 


get by with just about anything these days. 
I'm as much a sucker for the current trend as- 
anyone, but toe trouble is. it takes more than 
a Label to make food taste authentic. 

A good 50 percent of my rcont meals 
throughout Britain were disappointing, for 
all the above reasons. The chefs who do 
manage to offer a good time, and convince 
you that you ought to return, are those listed 
here: People who have a sense of who they 
are, what they’re trying to offer and where 
they're headed. . . . 

The general concept that Bntam is a food 
wasteland is hogwash: 


festive air. My response is: When you fmd great 
food, go for it, and forget about the silver and 


The Tarusdtios’ latest passion is bread, and 1 
once again they’ve hit it right with crusty breads 
ideal for bis seafood bnischetta, a fresh and 
moist focaccia, and sturdier versions studded 
with walnuts or olives. Save room for their 
extra-delicious lonzi <6 fichi, a dried and cured | 
fig “salami” enriched with walnuts, almonds , 
and dales, and served in slices along with a 
cheese platter that includes Gorgonzola, a ma- 
ture cheddar and a smoky sheepVmilk cheese. 

Closed Sunday, Monday, and two weeks in , 
February. A la carte, £27 to £68. I 

It's not often you can go out and have a 
thoroughly honest home-cooked meal served 
up in a tiny dollhouse-size restaurant where a 
world-class wine list awaits. Amazingly, in this 
day and age, La Potmere (a half hour by car 
from Edinburgh on the main street of Gullane), 
remains a two-person affair, as Hilary Brown ! 
shops, chops, cooks and cleans up, while ha | 
husband, David, buys the wine, polishes toe 
glasses, irons the linois, saves, clears and acts 
as all-around host, as they’ve done since open- 
ing in 1975. 

Today they have a single Michelin star, 
along with a lengthy waiting list, for there is 
only one sitting a day, and room lor just a 
handful of diner s. The food is earnest, homey 
and traditional with set menus that might in- 
clude: an ultra-fresh, pure version of potage 
Saint-Germain; a crisp-skinned wedge of salm- 
on on a bed of greens; wild wood pigeon in a 
hearty morel sauce, and a pleasing lemon-sur- 
prise pudding, half souffli, half lemon curd, a 
puckoy end to a pleasing meaL With it, we 
sampled a silken VoJnay from the Domaine de 
la Pousse cTOr. 

Lunch only: Monday, Tuesday, Thursday and 
Sunday; dimer only: Friday and Saturday. 
Closed Wednesday. Set menu: £18.25 and 
£19.25 (Sunday) at hmch; £2850 at dinner. 


Recent upgrading in the quality of fish and 
shellfish, meats, farmhouse cheeses and 
fruits, a clear dedication to good-quality 
bread, and a serious sweet tooth all add lupto 
some very honest, decent food. And Fve 
rarely tasted better bacon. 

A single British subject probably knows 
more about French wine than a viUa|e full ci 

Frenchmen, and where else can you find such 

an abundance, of good Port with good blue 
cheese? 

Stay clear of the trendmongers, and you 
should eat very well indeed. 






fee—- 



ThefoBmring is an evolving list of ihe JO best 
restaurants in the world and the 10 best casual 
restaurants, based on reporting so far. The list 
includes reviews on Hong Kong Tokyo, the Unit- 
ed States. France, the Benelux countries. Spain 
and Britain. With each report the list may 
change, as restaurants are re-evaluated on a 
worldscale, and new competihon comes on board 

The Top Tables 

■ No. 1: Joel Robuchoo, 59 Avenue Ray- 
mond-fowcarb, Paris 16, ret 47-27-12-27. 

• No. 1 Lai Ding Heen, The Regent, Salis- 
bury Road, Hong Kong, tel: 721-1211. 

• No, 3. Le Look XV-Alam Ducasse, H6td 
de Paris, Place du Casino, Monte Carlo, Mona- 
co, tel: 92-16-30-01. 

• No, 4: Ki-Cho (Kitcho), Chuo-ku, Ginza 1- 
11-2, Hotel Seiyo (Bl, basement), tel: 3535- 
1177. 

• No. 5: Jiro, Chuo-ku, Ginza 4-2-15, Tsuka- 
moto Sozan Bidding (Bl, basement), Tokyo, 
tel: 3535-3600. 

• No. 6: Guy Savoy, 18 Rne Troyon, Paris 
17, tel: 43-80-40-61. 

• No. 7: TaiBevest 15 Rue I*mennais , Paris 
8, tel: 45-63-96-01 and 45-61-12-90. 

• No. 8: La Tante Claire, 68 Royal Hospital 
Road, London SW3 4 HP, tet (71) 352-6045. 

• No. 9: Restaurant Daniel 20 East 76th 
Street, New York, id: (212) 288-0033. 

• No. 10: Zoberoa, Barrio Itnnioz (Ituniotz 
in Basque) 8, Oyaizun (Oiartzun), Spain, tel: 
(43) 49-12-28 

Casual Dining 

• No. 1: A1 Form, 577 South Main Street, 
Providence, Rhode Island, tel: (401) 273-9767. 

• Nol 2: La Ttq^ina, 6 Porte de la Monnaie, 
Bordeaux, td: 56-91-56-37. 

• No. 3: Ftoutera Grffl, 445 North Clark, 
Chicago, let (312) 661-1434. 

• No. 4: Victoria Oty Seafood Restamnt, 
Sun Hung Kai Centre, Wanchai, Hong Kong, 
let 827-9938 

• No. 5: Qtj Chin Cbotr Restaurant, East 
Ocean Centre, 98 Granville Road, Tsim Sha 
Tsui East, Kowloon, Hong Kong, id: 723-6226 

• No. 6: Ca flsidre, Les Flors 12, Barcelona; 
td: 441-1139. 

• No. 7: The Seafood Restaurant, Riverside, 
Padstow, Cornwall PL28 8BY, England, tel: 
(841)532-485. 

• No. 8: Vrafiana, Juan de Mena 14, Ma- 
drid, tel: 523-4478. 

• Nou9: Le Camfi&uj, 6 Rue de Cbevreuse, 
Paris 6, tet 43-2043-43. 

• No.10: Caffe Crocodile, 354 East 74th 
Street, New York, tet (212) 249-6619. 


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a7( 



MONDAY, APRIL 18, 1994 

OPINION 


Jleralb 


INTERNATIONAL 



tribune 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


Self-Inflicted Horror 


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Such is the violence in ibe streets in Rwanda 
that in barely a week the name of that Central 
African country has become the new metaphor 
for self-inflicted internecine horror. Observers 

tube 


now I j — — — — j - M-tj — © — — 

oone about it by more favorably situated inter- 
national organizations, states and persons. Un- 
fortunately, the immediate answer to the last 
question appears to be: not much. 

A United Nations mission sent in a while 
bade to monitor a precarious tribal peace is 
being recalled, unable to protect its own 
armed members — 10 Belgian soldiers were 
killed — let alone the defenseless Rwandan 
citizenry. The three groups that traditionally 
connect foreign attention to a local crisis — 
h umani tarian organizations, resident foreign 
nationals and the foreign press — are all being 
forced to evacuate. The United States has no 
recognizable national interest in taking a role, 
certainly not a leading role. 

In theory, international fire-engine service 
is available to all houses in the global village. 


Imagine a fire department that would respond 
only to the lesser blazes. But in a world of 
limited political and economic resources, not 

all of the fnes will be equally tended. Rwanda is 

in an unprefened dass. It received a United 
Nations peacekeeping face last October, but 
then its political class chose to renew tribal 
carnage Second chances do not come easily. Its 
disinteg ration cannot fairly be blamed on a 
lapse of the “international community.” 

Given the pressures they live under, develop- 
ing societies haw to make huge exertions to 
keep themselves from becoming disintegrating 
societi e s Moving expeditiously to build institu- 
tions of democratic government is critical. This 
is the best way to cushion the shocks not justof 
wimiff rivalry but also of economic and social 
ftwrigw. The process is sometimes called na- 
tion-budding. Others can help, but most of the 
load falls on the particular country. When a fire 
of Rwandan dimensions breaks out, it means 
that the country has utterly failed. 

— THE WASHINGTON POST. 


Rethink the Job in Iraq 


“Clearly something went wrong,” as Gener- 
al John S halikashv ili put it, in the friendly-fire 
downing erf two U.S. helicopters ferrying Turk- 
ish, British, French, Kurdish and American 
personnel across the exclusion zone in northern 
Iraq. The helicopters were reportedly en route 
to a meeting with Kurdish tribal elders to 
discuss responses to Iraqi military pressure in 
the area. The only thing certain is that LLS. 
fighter pilots mistook the helicopters for Iraqi 
craft and fired missdes at them, killing all 26 on 
board. Beyond that there are only questions. 

A needed investigation has already begun. 
Needed as well is a reconsideration of U.S. 
objectives in Iraq. Risky military operations 
and prolonged economic sanctions are justi- 
fied only when linked to explicit policy goals. 

The profiles of Iraq's Hind helicopter and 
America's Blackhawk are different, but it is 
understandable that fighter pilots flying by at 
high speed might make a mistaken identifica- 
tion, even in daylight. Why, though, did none 
of the fallback safeguards against misidentifi- 
cation then intervene? 

What about the flight plans for the helicop- 
ter mission that should have been available to 
the fighter pilots and the AWACS radar sur- 
veillance plane overflying the area? 

Why were the electronic signaling devices 
that identify American military aircraft to 
each other not operating? Why W3S it urgent 
to shoot down a slow-fiymg helicopter already 
under direct surveillance? Iraq has no history 
of using helicopters for combat purposes in 
the Kurdish exclusion zone. 

That zone, like a similar one in southern 
Iraq, grew out of the messy sequel to the Gulf 
War. In the weeks after the cease-fire, Iraqi 
Kurds and Shiites heeded allied calls to rebel 
against Baghdad. But the allies then stood by 
while Saddam Hussein used what remained of 


bis army to suppress these rebellions. Belatedly, 
the UN Security Council passed resolutions 
nail mg on Iraq to treat its people humanely. On 
their own, the United States, Britain and 
France established no-flight zones to keep Iraqi 
aircraft out of the two main rebellious regions. 

But these allied air operations are no longer 
linked to any coherent policy goals. Indepen- 
dence for the two protected regions is not the 
goal because it is strongly opposed by many 
neighboring states. So the rebel regions re- 
main in limbo, under formal Iraqi sovereignty 
but with no way for Baghdad to regain control. 
That serves a humanitarian purpose in protect- 
ing the Kurds and Shiites, but it also invites 
continuous confrontation, of the kind that indi- 
rectly contributed to Thursday’s accident 

The United States needs a belter polity, one 
that pants toward an eventual end of military 
and economic confrontation. 

After much delay, Iraq itself has taken the 
first steps toward complying with the long- 
term arms control provisions imposed after 
the war. Baghdad argues that its moves entitle 
it to the prospect of some relief from allied 
pressure, especially economic pressure. The 
language of the relevant Security Council res- 
olutions, drafted to U.S. specifications, sup- 
ports Iraq’s position. And some Security Coun- 
cil members are now ready at least to take 
note of Iraq’s positive steps. But the United 
States and Britain remain adamantly opposed 
to any timetable for en ding sanctions. 

It is hard to sympathize with Iraq’s brutal 
government, which appears to be behind recent 
attacks on aid workers, journalists and political 
dissidents. But it serves no American purpose 
to be trapped in an ugly stalemate with Iraq. 
Investigating the helicopter tragedy is essential. 
So is revitalizing America’s policy on Iraq. 

— THE NEW YORK TIMES. 


Scharping Talks Sense 


Rudolph Scharping, leader of Germany's 
Social Democratic Party, aims to defeat 
Christian Democratic Chancellor Helmut 
Kohl in this year’s elections. Mr. Scharping is 
as savvy a politician as Mr. Kohl He under- 
stands that one of the Social Democrats' 
problems in recent years has been worry 
among cautious German voters about the par- 
ty’s reliability on foreign polity. So he was in 
Washington last week doing everything but 
singing “The Star-Spangled Banner” to pro- 
claim the Social Democrats' friendship with 
the United States, their firm commitment to 
NATO and their opposition to a “fortress 
Europe” trade policy. 

In a speech on Tuesday night, Mr. Scharp- 
ing openly declared the allies' victory over 
Hitler in World War II as marking the “libera- 
tion of Germany.” (He noted, accurately, that 
Social Democrats were “among the first herded 
into concentration camps by Hitler.”) He spoke 

era tic Chancellor Helmut Schmidt, whose for- 
eign pdky realism in the 1 970s and eariy 1980s 
made him an object of attack from the left. And 
he dismissed the pacifist foreign policy of the 
Goman Green Party as “nonsense." 


His election strategy is based on saying that 
he has almost no differences with Mr. Kohl’s 
basically popular foreign polity. He wants to 
argue — this will sound familiar in America 
— that the real issue in Germany is Mr. Kohl's 
handling of the economy, as io, Es 1st die 
Wirtschaft, Dmnmkopf. (It’s the economy, 
stupid). For Mr. Scharping, the safer be looks 
on foreign polity, the better. 

The Social Democrats' embrace of a pro- 
NATO, pro-American foreign policy is 
matched by similar moves elsewhere, nota- 
bly within the labor Party in Britain. The 
left-right polarization on foreign policy is- 
sues visible in Europe in the early 1980s 
(particularly over the stationing of American 
Poshing missiles on European sol) is largely 
a thing of the past It can, of course, be 
argued that none of this much matters now, 
given the defeat of the Soviet Union. None- 
theless, the clarity of Mr. Scharping’s com- 
ments is an important reminder of the in- 
creasing pragmatism and realism of much of 
Europe’s democratic left — and also of the 
increasing irrelevance or past positions as 
predictors of current policy preferences. 

— THE WASHINGTON POST. 


Other Comment 


Hie Bosnian Test for Russia 

Though no effort should be spared to keep 
the injustice of the settlement of this war to a 
minimum, a peace agreement will laigdy re- 
flect the outcone of the fighting. Efforts to fit 
Bosnia’s faeces bade together are doomed to 
fail However, before the diplomats face the 
disappointments of the peace, the priority is to 

avoid an unnecessary resuigenoe of the war. 
And here, what Russia does miners most 

Russia’s diplomats accept that the Serbs 
were at fault in Gorazde, even while they con- 
demn the NATO response. They have worked 
hard for a peace settlement and have no inter- 
est in letting the Seibs blow these efforts apart 
The best outcome would be if Russia were able 
to engineer a Serbian pullback. The next best 
would be fa NATO and Russia to coordinate 


their dipl om acy and threats in order to exert 
enough pressure to make the Serbs think again. 
But what if the Sobs still won't bade off? That 
would be a big test for both Russia and NATO. 

Once NATO had offered, last January, to 
use air power to support the United Nations in 
Bosnia, it had to be ready to strike, if called 
upon, or see its credibility in the wider wodd in 
shreds. Inevitably, that now applies in Gor- 
azde, too. For Russia, the choice is equally 
fateful: if the Serbs attempt to take on the 
United Nations, win Russia let than take their 
punishment or turn protector? Russia has reas- 
serted its rights as a great power. How it 
exercises these in Bosnia, and in particular the 
wry the debris now falls around Gorazde, 
could set the pattern for Russia’s rel a tions with 
the West over a much wider area. 

— The Economist (London). 



International Herald Tribune 

ESTABLISHED 1887 

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The Problem in Japanese Politics Isn’t Hosokawa 

T 1 OKYO — In retrospect the verdict will proba- 
X bly be unanimous: Japan needed both me rise 
and the fall of Marihiro Hosokawa. 


His sudden leap to the prime ministership eight 
months ago allowed Japan to shake off almost 
four decades of conservative stagnation. But he 
lacked both the wiQ and the ability to put Japan 
on a radically new course. 

1 knew Mr. Hosokawa when as governor of the 
southern prefecture of Kumamoto be began his 

Japan has no shortage of 
worthwhile politicians. 

Hosokawa is one of them. 

drive to power. His reformist zeal was obvious, but 
his actions, even in Iris own Kumamoto domain, 
quite matched the zeal And before that, back in the 
70s as a member of the national Diet, he had shown 
the occasional opportunistic tendency. 

Similarly, after he resigned the governorship to 
set up Ins Japan New Party three years ago, even 
his best friends were dismayed sometimes by the 


By Gregory Clark 


haphazard way in which he seemed to select parry 
candidates. When he gained power he mishandl ed 
his mandate for change. 

Many of his problems were not of his own 
making . To defeat the then ruling liberal Demo- 
cratic Pany he had to accept support from rebel 
LDP power brokers discredited by exposes of 
past LDP corruption. He had to cope with trade 
and economic problems created by past LDP 
mismanagement, with little help from volatile 
mass media and electorate. Most of all he had to 
cope with an amorphous bureaucracy determined 
to hold and expand its power. 

Even so, if from the start he had had a dearer 
idea of just what he wanted to do to reform Japan 
he aright have succeeded, such was the head of 
popular enthusiasm behind his election. 

’ ' ; that are 

down- 

Japan, not Mr. Hosokawa, is to blame. In 
Japan’s apolitical society only the Communists 
and the religion-backed parties can rely on Funds 
donated by individuals. But precisely because it is 



so apolitical, the same society demands that pofiti- 
«»ns spend enormous sums to win votes. The 
result is a dilemma that cuts tight through to the 
heart of Japanese politics. 

Mr . Hosokawa is one of than. But unless they have 
inherited wealth, Hke the current LDP head, Yohei 
Kona, they have to take enormous risks in raising 
the funds needed to prevail against the uglier and 
more corrupt members erf their own profession. 

The latter almost by definition take few risks; 
they already have the fund-raising game down to a 
fine art. Usually they are exposed only when their 
greed goes beyond bounds. Meanwhile the cleaner 
politicians have to sup with the devil in much 
more exposed areas. When they are exposed, the 
Japan that was so eager to welcome them very 
quickly turns a gains t them. 

eral such victims. Mr! Hosokawa is one of the 
more tragic. One consolation is that in the ensu- 
ing political shakeout we may see a clearer politi- 
cal division, one in which the worthy compete 
directly against the ngly, and win. The man to 
watch is Yohei Kono. 

International Herald Tribune. 


Mussolini: A Theatrical Caesar Adept at Defeat 

By Karl E. Meyer 


N EW YORK — Even in an age 
addicted to revisionism, it is 
startling to read that Benito Mus- 
solini was “the greatest statesman 
of the century.” 

So says Gianfranco Fun, the 
youngish leader of Italy's resurgent 
neofascisl party, speaking to a Tu- 
rin newspaper the other day. Still 
Mr. Fini was not under oath, and 
yes, in some ways the Duce who 
ruled Italy from 1922 to 1943 did 
shape history. 

Once a militant socialist, he in- 
vented fascism, a murky left-right 
creed that finds disciples wherever 
people seek the smack of firm gov- 
ernment. And to attain what he 
promised — nati onal unity, martial 
glory and trains running lie dock- 
work — Mussolini honed the skills of 
a journalist, actor and impresario. 

He excelled at balcony speeches, 
put his armed guards in due black 
shots, taught crowds to chant “Du- 
ce, Du-ce” and devised the ramrod 
fascist salute. He wrote his own best 
H««, calling Us alliance with Nazi 
Germany an “Axis” and a “pad of 
steel” He mesmerized foreign pil- 
grims in his immense office, with its 
mosaic of the old Roman Empire, 
mid his fan duh included Winston 


Churchill Leon Trotsky, Henry- 
Luce and Lincoln Steffens. 

Yet skeptics noticed that Musso- 
lini tended to proclaim bold pro- 
jects that came to nothing: it was 
the splash that mattered. He once 
announced plans for a “Faro Mus- 
solini" bigger than SL Peter’s and 
the Colosseum, to be crowned with 
a huge bronze of Hercules, his arm 
raised in a fascist salute, his face 
modeled on the Duce's. But money 
was lacking, and it gave way to a 
smaller forum, blazoned with the slo- 
gan “Many Enemies, Much Honor.” 

Such histrionics, an observer re- 
marked, were not just second nature 
to Mussolini; they were his real na- 
ture. He reviewed his troops in Ital- 
ian-ruled Libya like a Caesar, and 
after hurling his bombers at spear- 
carrying Ethiopians he came to see 
himself as a man of destiny, his 
fortes as invincible. The results for 
Italy are scrupulously detailed in 
Denis Mack Smith’s “Mussolini” 

The Dace declared war against 
Britain and France in June 1940, 
when Hitler seemed beaded for cer- 
tain victory. By contrast, Spain’s 
Francisco Franco, a shrewder fas- 


cist, stayed neutral kept a distance 
from Hitler and died in bed. 

It then transpired that Mussolini 
had lied to everyone in claiming 
that Italy had 150 divisions ready to 
fight- The real figure was 10 (fi vi- 
sions. He could have used what 
forces he had to seize Egypt and the 
Suez Canal to destroy Britain's 
Mediterranean fleet or capture 
prizes like Malta. It turned out that 
he had neither the advance plans 
nor the will to do so. 

Mr. Mack Smith expresses the 
common view that Italy’s armed 
forces were better prepared and bet- 
ter led and fought harder in Wodd 
War l without benefit of fascism. 

Disastrously, so as to impress 
Hitler, and confident that bribed 
Greek generals would not fight, he 
invaded tiny Greece. His forces 
were so badly mauled that an exas- 
perated Hitler eventually (Everted 
crack panzer divisions to the Bal- 
kans, delaying for four weeks his 
attack on Russia. Hitter believed 
that this cost him the war. 

In the sardonic words of the jour- 
nalist Luigi Bartini (whose father 
helped wnte Mussolini's autobio- 


graphy), the Duce was “the greatest 
negative nrih’tary genius the world 
has ever seen,” since he defeated 
two great nations single-handedly 
— iris own and Germany. 

Nevertheless, Mussolini himself 
wrote effulgent daily war bulletins 
describing imaginary victories. Al- 
though never as cruel as his Nazi 
partner, he acquiesced to the Fflhrer 
and let Germany round up and de- 
port Italian Jews. As Allied forces 
mvaded Sicily in 1943, the Grand 
Council of fascism, in its only inde- 
pendent decision, dismissed him. 

But the fallen Caesar dung to the 
crumbs of office, dwindling into a 
German puppet in a tiny mini-state, 
vindictively approving the execu- 
tion of his f aimless former support- 
ers, including his son-in-law. 

The aid came in April 1943. 

Abandoned by Germany and vilified 

by his own people, he and iris mis- 
tress, Clara Fetacri, were executed 
and bung by their beds in Milan. 

The Duce's real legacy was de- 
feat, invasion and an enduring po- 
litical mess. Is it possible that a 
majority of Italians can be persuad- 
ed u> can thi^slatesmanshrp? Some- 
how I doubt iL 

The New York Times. 


Who Says We Shouldn’t Worry About Derivatives? 

By James K. Classman 


W ASHINGTON — George 
Soros, whose Quantum Fund 
manages about $11 billion, knew 
how to strike the right tone at last 
Wednesday’s House Banking Com- 
mittee bearing. Oh, yes, he certainly 
shared the concern of the committee 
about derivatives. 

But when it came to regulating 
hedge funds like his own that might 
invest in them, Mr. Soros was less 
enthusiastic. “Frankly ” he said, “I 
don’t think hedge funds are a matter 
of concern to you or the regulators.” 

Here be was dead wrong. We 
should all worry a great deal about 
hedge fluids — and about banks and 
investment houses and even normally 
conservative corporations such as 
Procter & Gamble that sometimes 
behave like hedge funds. One reason 
to worry is leverage. 

A lever, as Archimedes figured out 
2^00 years ago, is a device that lets a 
little bit of enagy do a lot of work. Put 
the fulcrum in the right place and a 
baby can Eft an elephant. In financial 
terms, use a tittle bit erf your own cash 
and you can make a lot of money. 

HHlaiy Rodham Gin ion’s com- 
modities tradingshows how. At the 
aid of June 1979, with less than 
$40,000 in her account, she con- 
trotied IS million pounds of cattle, 
worth nearly $2 million. Her lever- 
age, then, was 50 to 1 . So a movement 
of 1 percent in the price of cattle 
meant a 30 percent profit 
Unlike public mutual funds, hedge 
funds — which are private partner- 
ships of well-heeled individual and 
corporate investors —are allowed to 
borrow heavily. In addition, hedge 
fund managers get paid based on 
profits, not assets, so they have a 
major incentive to speculate. 

For a fancy investment in currency 
or bonds, a hedge fund might put up 
SI million of its own money ana 


barrow $10 million from a bank. So. 
instead of making a 15 percent profit 
on a deal it can make 150 percent. 

Credit is the lever, and what credit 
can do if you are winning is wonder- 
ful to behold. Hr problem is that 
leverage works both wavs. If a hedge 
fund that is leveraged 10 to 1 suffers a 
IS percoat loss, its own money gets 
totally wiped out — and it owes the 
bank something besides. Will the 
bank get repaid? Taxpayers are the 
ones who end up suffering when 
banks lose trillions. 

Hedge funds wodd not be a worry 
if they really hedged. An example of a 
hedge is an umbrella store putting in 
a line of suntan products. A financial 
hedge is selling index futures short if 
you nave a big stock portfolio. 

But hedging can be a bore. By 
definition, it omits your profits in 
return for Hunting your losses. You 
don’t maka 50 percent-plus returns in 
three straight years, the way George 
Soros has done, by namby-pamby 
hedging strategies. 

In fad, the way hedge funds score 
big is by placmg huge, leveraged bets 
on specific events — that the yen will 
rise against the dollar, that German 
interest rates wfll fall or that collater- 
alized mortgage obligations will soar 
into the stratosphere. 

Lately, after some sensational whi- 
ning streaks, many hedge fund bets 
have turned out to be wrong, leading, 
among other things, to the demise of 
Askin Capital Management ($600 
million or so wiped out) and lo first- 
quarter losses estimated at more than 
2b percent for funds managed by Mr. 
Soros, Michael Stemhardi and other 
stars. The worry — and Mr. Soros 
alluded to it in his testimony on 
Wednesday — is that hedge fund 
managers will try to recoup these 


losses with even riskier bets. And 
some of the riskiest are in derivatives. 

A derivative is a contract whose 
value is derived from something rise. 
One simple example is a stock option, 
which is the right to buy shares in the 
future at a specific price: The value of 
the option goes up and down based 
on the value of the underlying asset 
— the stock. In theory, anyway, de- 
rivatives can reduce risk. 

That was the initial purpose of com- 
modities futures, which tet fanners pin 
down a future puke for their cattle, 
and of stock options, which gave in- 
vestors insurance against big losses in 
shares they already owned. But, like 
commodities and options, esoteric de- 
rivatives have taken on a life of their 
own. And it is a life that puts the 
pbyera of the game at a disturbing 
distance from investment reality. 

I have invented my own fantasy 
derivative called “virtual stock.” Why 
bother placing an order with a broker 
and coming up with an actual $6,000 
to purchase, say, 100 shares erf Ford 
Motor Ca at $60 apiece? Instead, 
you and I can enter into a derivative 
contract where I “buy” 10,000 shares 
of “Virtual Ford.” But no cash 
changes hands until say. tiie end of 
June. Then we check the stock tables 
to see bow real Ford has done. If it 
rises, then you pay me $10,000 for 
every point; if it falls, I pay you. An 
entire market could be constructed 
this way: capitalism without capital. 

Compared with such derivatives 
as market-linked CDs, swaptions, 
synthetic TEDs and collars, ‘Virtual 
stock” is not so farfetched. The truth 
is that instead of buying a piece of a 
company or lending money to a gov- 
ernment, players in the derivatives 
game are simply placing bets — not 
much different from the wagers at a 


racetrack or a casino. But at least 
with a roulette wheel you know what 
you’re betting on. Derivatives have 
become so complicated that the peo- 
ple who make the deals barely un- 
derstand them. That seems to have 
been the case with Procter & Gam- 
ble, which last week announced a 
$102 million charge on leveraged in- 
terest-rate swaps. 

But a bigger problem is that deriv- 
atives provide so much leverage (in 
some cases infinite leverage, no mon- 
ey down at all) that they are practi- 
cally irresistible to money managers. 

The Washington Past 


Americans 
Crowding 
The Jails 


By David S. Broder 

W ashington - Weil before 

the end of the century, the 
Umted States will adnevt the distinc- 
tion of having a rafllioa of iis citizens 
in. prison. We arc not far from that 
now — more than 925,000 — and the 
number of prison inmates is growing 
almost as fast as tbe national debt In 
the year ending last June 30 alone, 


The incarceration rate in the Unit- 
ed States is almost three times that of 
Canada and six times that of Italy. 

In the 198tis,-ihe number- in jail 
more than doubled. During that de- 
cade the total grew at a rate 10 time; 
higher than the growth of the adult 
population. It was 17 times higher 
than the increase, in serious crimes. . 
- Where all tins will end is anyone's 
guess. One thing it is study doing is 
straining the budgets of all levels of 
government What it is not doing is 
easing people's fear of crime. Yet vot- 
es ana politicians continue to believe 
that locking iq> criminals is the key to 
safer streets and neighborhoods. 

The House of Representatives is 
about to pass another crime hill, 
which will amid more prisons to in- 
carcerate still mare thousands. The 
legislation indudes a version of the 
popular “three strikes and you're 
out” requirement for lifetime sen- 
tences fm 1 those convicted of three 
violent crimes. It is more restricted in 
its langMge than the crime bill 
the Senate late last year, 
it stfll embodies the prospect of 
senescent former muggos spending 
their declining years in prison hospi- 
tals, while lhar grandsons’ genera- 
tion causes mayhem on the streets. 

Crime is at the top of almost every 
local news show aim, not coinciden- 
tally, the issue voters say is most on 
their mind Congress, which is noth- 
ing if not responsive, aims lo give the 
people what they want 
Tne quaintly named subcommittee 
on intellectual property and judicial 
adminis tration of me House Judicia- 
ry Committee decided last month by 
voice vote to authorize S3 billion over 
five years to build new cells for repeat 
offenders. The Republicans tried to 
increase the amount to $10 billion. 
Next year, as America approaches a 
presidential dection. someone will 
undoubtedly bid $20 Wlion. 

Once you have convinced yourself 
that you can eliminate criminals by 
locking them up and throwing away 
tbe key, there is no limit to what you 
can spend. But there are some voices 
being raised to challenge the popular 
notion that punishment is the best 
way to reduce crime. 

Last week I received a report from 
the office of California Assembly- 
man John Vasconcellos, a Demo- 
crat It is written by Joan Petersilia 
of the University of California, Ir- 
vine, director of the criminal justice 
program at the Rand Corporation, a 
private research organization with 
dose ties to the Pentagon. 

The report reviewed California's 
get-tough strategy, which quadrupled 
Iheprison population from 1980 to 
1992, and pronounced it a failure. 
“The analysis suggests that the much 
higher imprisonment rates in Califor- 
nia had no appreciable effect on vio- 
lent crime and only slight effects on 
property crime,” it said. 

To be fair, the crime bill passed by 
tbe Senate and tbe measure being 
debated in the House do more item 
toughen penalties and bufld prisons. 
They also finance additional police, 
drag treatment and crime prevention 
programs. But the keynote here, as in 
California, is the easy-to-sell “three 
strikes and you’re out” provision. 

Ms. Petersilia argues the futility of 
that tone. “If 34 million serious crimes 
are being committed in this country 
(as authorities estimate) and 31 mil- 
lion are never detected, tbe only way 
truly to reduce crime is to find some 
way to stop some of the crime from 
being committed in the first place.” 

Most of the violent crimes are com- 
mitted by young offenders, often 
when they are dr unk or drugged up 
and reacting to stress or giving vent 
to anti- social impulses. The deterrent 
value of threatened long sentences 
for them is questionable, given the 
odds agains t their arrest and convic- 
tion. The only effective way to curb 
such crimes is not by punishment but 
by deterrence. 

Deterrence is difficult — and less 
emotionally satisfying than mutter- 
ing “three strikes and you’re out.” It 
starts with effective policing and 
moves back to job-training, school 
and even preschool programs that 
instill decent values and equip young- 
sters with options outride crime. That 
is the only approach that will keep us 
from adding another million wasted 
lives to our prison population. 

The Washington Post 


IN OUR PAGES: 100, 75 AND 50 YEARS AGO 


1894: Gambling in Cab 

LONDON — The question of wheth-' 
er a cab is a public place came up 
yesterday [April 17]. Three cabmen 
were charged with playing dice in a 
“four-wheeler.” A fourth man was 
leaning in at the window betting with 

them. Their counsel argued that the 
cab was not a public place within the 
meaning of the gambling laws. The 
policeman swore that (he legs of the 
fourth man were in the street, but 
admitted that he was not betting 
with his legs, but with his Face ana 
hands, which counsel described as 
the “business end of him,” and thus 
was in the vehicle. After an interest- 
ing argument, Mr. Harden Corser 
decided against the cabmen. 

1919: Dantzig Decision 

PARIS — In the hands of the Big 
Four tbe question erf Dantzig has gone 
through many phases, and many dif- 
ferent solutions have been announced 
and abandoned. The latest decision is 


on the fqOowing lines: Dantzig is to be 
a free city, but not in the way an- 
nounced so recently as last week. The 
.city will be under the sovereignly of 
Poland, who win have the right to 
main tain a garrison there. Postal orga- 
nization, also, will be in the hands of 
the Potes. The Dantzig Municipality is 
fb eojoy practical autonomy, with the 
privilege of issuing passports. No mea- 
sures of a political nature, however, 
may be taken by the city authorities, 
relations with other countries being 
regulated by the Polish Government. 

1944: Record Flight 

WASHINGTON — [From our New 
York edition:] A new giant of the air 
paths, the Lockheed Constellation, 
crossed this continent today {April 17] 
in 6 hours 58 minutes, an average 
speed of around 355 notes an hour — - 
well beyond anything flown previous- 
ly for a similar distance. Tbe big four- 
engined ship with a shark’s body con- 
tour is being nimed over lo tbe Anny 
immediately for war-transport work. 



r 







INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


13 


™ AND THE INTERNATIONAL HERALD TRIBUNE 


1. Where do you usually obtain your copies of the 
International Herald Tribune? 

subscription delivered to your home I 71 
subscription delivered to your office —personal subscription G 

- circulated copy G 
buy regularly from newsagent / newsstand 1 71 
buy occasionally from newsagent / newsstand G 
friend or colleague's copy G 
airline / hotel copy G 




2a. How often do you usually read or look at the IHT? 

5-6 days a week G l-2daysaweek Gt* 

3-4 days a week G Less often than once a week G 

2b. Where do you usually read or look at the IHT? 

{ Please check all that apply) 

At home G Traveling abroad | Tina,, 

At work □ Elsewhere □ 

Traveling to and from work G 


(M» 


3a. Does your spouse/partner read your copy of the IHT? 

• Yes GL - . •••■ • No G 

3b. And how many people in tota l, exc luding yourself, 
usually read your copy of the IHT? 

One G G Five or more Gnsj 

Two G Four d No one else d 


4. How interested would you b e in r eading a lengthier, 
magazine-type article in the IHT? 

Very interested G Quite interested d Not very interested d 


ne 


TRAVEL 


5. Approximately how many business air trips did you 
make in the la st 12 months? (Count a round trip as one). 

NoneQ 3-5 □ 10-19 □ 35+ □„ 

1-2 n 6-9 Q 20-34 □ ffNONEWTsraPTOQs 


6. To which of the following destinations did you fly on 
# business in the last 12 months? 

THE AMERICAS 

USA dm 
■ Canada d 
Latin America d 


EUROPE 
Belgium / j — [ 
Luxembourg L_ud9" 

France d 

Germany d 

Italy d 

Spain d 

Switzerland d 

Netherlands Q] 

Sc3I 1ffidd 

British Isles d 
Russia GU 
Other Eastern I I 
European Countnes I — aJ 


asia/pacific 
Hong Kong | J] 

Singapore G 
Japan d 
Taiwan Q 
Thailand Q 
Malaysia Q 


Do Indonesia CL 
China d 
Australia d 
New Zealand d 
Other Asia/Pacific d 

MIDDLE EAST □ 

AFRICA d 

ELSEWHERE d 


7a. For business trips, which class of air travel do you 

usually use? short _haul trips 
(Up to four hours) 

First Class □ 

Business Class 1 2 
Economy □ 

No such trips d 


JG2) 


FOR 

LONG-HAUL TRIPS 
(Over four hours) 

dm 

□ 

□ 

□ 


7 b. Do you belong to an airline’s executive/freqnent 
flier club? Yes □ No □ - 

7c. If yes, which one(s) do yon mainly use? 

(Please write in) 

_ 2 * 


8. In the last 12 months, approximately how many nights 
have you spent in hotels on business? 

None □ 8-14 □ 30- 49 □ 75 or more GL 

1-7 □ 15-29 □ 50-74 d 

9. In the last 12 months, how many times have you rented a 
car (for business or personal reasons, at home or abroad)? 

Not rented d 3-6 rentals d 15 rentals or more GL 

1-2 rentals d 7- 14 rentals □ 

10. Please indicate whether you have done either of the 
following in the past 12 months: 

FOR PERSONAL FOR BUSINESS 
REASONS REASONS 

Flown in a privately chartered aeroplane d d 

Used your company's private aeroplane d d 


Wo 

Mb 


11a. Please indicate whether you own any of the following 
companies' calling cards, excluding pre-paid telephone 
cards. (Please check all that apply) 

AT&T d MCI d SP™ 1 CL 

Other d Do not own one G1 ^skiptoqj2 

lib. How many times, on your last business trip outside 
your own country, did you use your calling card? 

None d Twice d 6- 9 tunes CL 

Once d ' 3 - 5 times d 10 or morelimes d 


ABOUT YOU 


12a. Of which country (or countries) are you a citizen? 

(Write in) 

12b. In which country are you currently resident? (Write in) 

( 41-471 

HM4) 

12c. For how long have yon been living in your present 
country of residence? 

Less than 6 months d 1 - 2 years d 5 - 10 years CL 
6-12 months d 2- 5 years d 10or ^^ d 


13. Are you? 


Male d FemaIe dm 


14. What is your age? 

Under 25 d 
25 - 34 Q 


35-44 Q 55-64 CU 
45 - 54 Q 65 or over Q 


' | 31 -T_> - | 4 J I 

15. What is the highest educational level you attained? 

Doctorate/ i — i University degree/ equivalent j — i 

higher university degree I iJ professional qualification Ljm 

MBA d Secondary or high school d 


16. Into which of the following groups does your pre-tax 
annual household income from all sources fall? 

(Check in VSS or write in your own currency) 

Up to US $50,000 □ $150,000 to $199,999 Q. 

$50,000 to $74,999" □ $200,000 to $249,999 Q 

$75,000 to $99,999 Q $250,000 to $499,999 □ 

$100,000 to $149,999 Q $500,000 or more Q 

Or annual income in own currency (write in) 


17a. How many cars are there in your household, 
including any company cars? 

No car d One d Two d Three or more [~L 

17b. What do you estimate to be the current cost of your 
mam car, if purchased new (to the same specification)? 


Under US $15,000 d 
$15,000 to under $25,000 d 
$25,000 to under $40,000 d 


$40,000 to under $75,000 d Pn 
$75,000 or more d 


18. Which, if any, of these cards do you use? 

(Please check as many as apply) 

Access/Eurocard/Mastercard (Gold) d 
Access/Eurocard/Mastercard d 
American Express Gold/Pla t i num d 
American Express Green d 


Diners Club GL 
Visa Gold/Premier [~el 
Visa/Carte Bleue d 
None of these d 


19a. Which, if any, of the following types of investment do 
you or members of your household have? 

Stocks and Shares des« Life Assurance Policies GL 
Bonds d 


Government Securities G 

Investment funds (including j ] 
Mutual Funds/Unit Trusts ) LjJ 

Private Pension Plans d 


Derivative Products d 

Gold/Precious Metals d 

Real Estate (excluding r — i 
main residence) Ld 
Collectibles (art, antiques, i — i 
coins, stamps, etc.) LiJ 

Other d 



A U.S. 






19b. What is tiie approximate total value of the above and 
any other investments (excluding your main home) 
owned by you and members of your household (in US $)? 

Under US $50,000 d S500,000 to under $1 million |~~sL 
$50,000 to under $100,000 d 51 million to under $5 million d 
$100,000 to under $250,000 d US $5 million or more d 
$250,000 to under $500,000 Q 


YOUR OCCUPATION 


20. Are you . . . ? 

Working full-time d Student d Not in a paid occupation d 
Working part-time d Retired d Other d 

If you are not working full-time or part-time, please skip to bottom of page. 

21. What is the principal activity, of the organisation for 


which yon work? 

Primaiy/Public Utilities dpi 
Manufecturing/Engineering d 
Wholesale/Retail d 
Financial Services d 
Other Business Services d 


Education Gm 
L egal d 

Medical G1 
Government/ j | 
Diplomatic Service I— ^ 

Other (Write in) d 


22. What is your job status? 

Proprietor/Partner d 
Chairman/ i — i 
Chief Executive/President Lri 
Managing Director/ j — j 
General Manager LaJ 

Other Senior Management d 
Middle Management d 
Executive d 

Independent 


ed/ |— | 

tant i— d 


Legal Practitioner G s 

Medical Practitioner d 

Scientist/Researcher/ i — i 
Technologist L=J 
Academic d 

Teacher d 

Senior Government Officer/ I I 
Diplomat t— ei 

Other (Please gh>e details) d 


23. For which, if any, of the goods and services listed below 
are you wholly or partly responsible for company decisions 
to purchase or lease, or to appoint or change a supplier? 

(Please check as many as apply) 

COMPUTERS/SOFTWARE pk. 

Network Systems d Corporate Financial Services dun* 
PCs/Desktop Computers/WPs d Fund Management d 

Laptop Computers d Foreign Exchange d 

Computer Peripherals d Insurance Services d 

Software/Software Services d Company Credit Cards d 


TELECOMMUNICATIONS 
Facsimile Equipment d 

Telecommunications q 


BUSINESS SERVICES 

Legal Services d 
Management Consultancy i — | 


Systems or Equipment 


Services C] 
Executive Recruitment d 

° THER ph°™e^ □ Training CW 

Company Aircraft Q Company Travel LJ 

Company Vehicles □ Conferences^xhibitions |_J 

Plant and Equipment Q PR/Maiketing/ (— | 

Scientific Instruments d Advertising/Market Research 

Raw Materials d Courier/Freight Services d 

Business Premises/ j— j Information Services d 

Industrial Site Selection I — . w i — i 

Data Management | 7 | 

FINANCIAL SERVICES i — j 

Domestic Banking | a j None of these | — aJ 

International Banking d 

24. Does your company operate outside the country in 
which you are currently based? Yes d No dp 

25. How many people does your company employ . . . 


a) in your country 
of residence? 

Under 10 
□ 

10-49 

□ 

50-249 

□ 

250-999 

□ 

10004999 

□ 

5000+ 

Gw 

b) worldwide? 

□ 

□ 

□ 

□ 

□ 

Gm 


26a. Which of the following international activities do you 
carry out in the course of your work? 

I purchase goods/services from | j _ 1 manage the company . > 

suppliers in other countries Li! finances at an international level Lil 

“““rgcSn 1 raise capital OT^mvesHunds Q 

international operations I— a None of these d 

26b. In which of the following countries/regions are you 
involved in the course of your work? Africa d 

Western Europe GL Japan G 

Other Europe d South East Asia G1 

USA/ Canada G Other Asia d 

Latin America d Australia/New Zealand G 
Middle East G None of these d 


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FOLD IN SEQUENCE 

First fold to Fourth fold. 
Then tuck Flap B into Flap A 



j 


1 Tribune has donated around 
$65,000 to charity, on behalf 
of our readers, in connection 
with periodic reader studies 
like this one. 


P LEASE help us continue 
this imDortant nroeram b 


IfWSWfOfl 


is 


X this important program by 
completing and forwarding 
the questionnaire on the 
reverse side of this sheet. 

Our warmest thanks for 
your help. 


3 * 

I X 






□ Q 






■^VERTISHMENT 


INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


Page9 


ADVERTISEMENT 


privatization I 





Progress Through the Investment of Capital 


he Estonian Privatization 
Agency has been in full- 
scale operation for a year 
ber |oq"> a t alf - Since Septem- 
s£v Schmidl has been 

t H^ Ch,Cf c ? nsult ^^ After re- 
ceiving a doctorate in economics, Mr. 





Schmidt held a senior position in an 
economics policy institute and worked 
as an international consultant. Prior to 
his current stint in Estonia, Mr. 
Schmidt was chief of the central tender 
office of the Treuhandanstalt, Ger- 
many’s privatization agency. In this in- 








This advertising section was produced in its entirety by the supplements divi- 
sion or the International Herald Tribune’s advertising department • Teny 
owartzberg is a free-lance business writer based in Munich. 


terview, Mr. Schmidt offers his ap- 

g raisal of Estonia’s privatization ef- 
wts. 

What stage is Estonia's privatization 
program at right now? 

About half of all companies slated 
for privatization have been offered to 
the intemadonal and national markets 
by means of four tenders, with a fifth 
tender currently being launched. These 
companies display a great variety in 
size, form of corporate organization 
and areas of activity. This pace and the 
scope of activity represent an impres- 
si ve accomplishment 
What kinds of ownership is Estonia 's 
privatization agency seeking for these 
companies? 

Foreign investment is generally ac- 
companied by an ancillary transfer of 
managerial and market expertise. For 
this reason, the government of Estonia 
has placed a high priority on securing 
this investment At the same time, the 
government has been actively solicit- 
ing investment by local owner-opera- 
tors, so as to build up the broad base of 
relatively small, innovative companies 






& 


Ebsh Erast 

'Escnqa&jHi 

BsxrC3S8>49j 

FbrinSorajatk* 


try*'* '*■><* v 






characteristic of many West European 
countries. The government is also cre- 
ating another kind of broad base of 
ownership, and that is of private in- 
vestors with equity stakes in the na- 
tion's companies. To that end, shares in 
privatized companies featuring a stable 
core of ownership will be offered to 
private investors. This, in tuna, will en- 
courage the development of stock ex- 
changes and capital markets in general. 

The world’s largest privatization 
program - that being carried out by the 
Treuhandanstalt in Eastern Germany - 
is now being brought to a rapid and 
successful conclusion. Do you see any 
features from the Treuhand’s program 
as being suited to adaptation? 

Two features proving widely trans- 
ferable have been the Treuhand’s re- 
liance on tenders as the method reach- 
ing the largest number of potential in- 
vestors in the shortest possible time, 
and its concept of the “entire bid.” In 
tin's concept, the amount of money of- 
fered for a company is only one com- 
ponent of the overall bid. Other ele- 
ments are the number of jobs guaran- 


teed, the amount of investment corn- 
mined by the potential purchaser and. 
of course, the viability or the investor's 
potential plan of operations. 

Employing the Treuhand model, Es- 
tonia's tenders have had a remarkable 
amount of success in securing investor 
interest. To date, the agency has re- 
ceived thousands of inquiries from all 
over the world - and from every pan of 
Estonia. The open and equitable nature 






Vaino Samet, general director of the Es- 
tonian Privatization Agency. 

of the tender system and the “level 
playing field* ’ it provides have facilitat- 
ed this interest Coupled with the “en- 
tire bid” concept this system is provid- 
ing Estonia with a large amount of cap- 




wsm 


ital configured to have a maximum im- 
pact on the country's economic output 

That of course, is the objective of 
any privatization program: not merely 
to distribute ownership widely, but to 
create viable companies and to equip 
them with the requisite amounts of cap- 
ital. 

In many countries, this kind of imvst- 
ment is subject to various restrictions. 
How does Estonia treat foreign in- 
vestors? 

In the same way as domestic in- 
vestors are treated. Foreign investors 
are free to own. found or purchase Es- 
tonian companies and property. For- 
eigners enjoy the same relatively low 
rates of corporate income taxes and the 
same liberal depreciation schedules. 
There are also no restrictions placed on 
the repatriation of profits. Both domes- 
tic ana foreign investors are benefiting 
from the convertibility of the Estonian 
kroon, which was pegged to the 
Deutsche mark at the rate of 8 to 1 in 
the currency reform of June 20, 1992. 

The effects of these measures have 
been highly evident and gratifying. 
Both Estonia’s economy and its foreign 
trade have been developing strongly 
over the past two years. 

Interview by Terry Swartzberg 


■Eribuiif 


m ESTONIA 

International Tender for the sale of 

INDUSTRIAL ENTERPRISES 

by the Estonian Privatization Agency 

Enterprise number, name, location (in brackets: type of business [capacity p. a. if available], 

[turnover of 1993 in EKK (Estonian Kroons) if availablej/number of employees end 1993) 




◄ Stockholm 380 km 


Helsinki A 82 km ► 315 km St Petersburg 


BALTIC SEA 

TALLINN! 




KBita '&> •Tamsalu 

>4 • Rapla \eKoeru 


aiokm ^ " * 

• Kohtla-1 

• hm jEt 

Rakvere 


►Haapsalu 



ESTONIA 


»Pflmu # 

VI |anc£ 


And ^ 


LATVIA 


BAKERIES GRANARIES 


(EE-060) RAS Narva Leib 
EE2000 Narva 

( Bread [ 16,200 tons], pastry [1,080 
tonsj, biscuits [400 tons], toffee candies 
{ 300 tons], [23 million EEKJ/206 ) 

(EE-063) RAS Haapsalu Leivatehas 
EE3170 Haapsalu 
( Bread and bakery products [1,596 
tons], pastry [30 tons], [7 million EEK]/ 
68 ) 

(EE-064) RAS Cibus 
EE3600 Parnu 

(Bread [10.800 tons], pastry [430 tons], 
[37 million EEKJ/1 75) 

(EE-066) RE Kuressaare 

Leivakombinaat 

EE3300 Kuressaare 

(Bread [ 3.747 tons], pastry [85 tons], 

[20 million EEKJ/97) 

(EE-075) RAS Tamsalu TERKO 
EE2300 Tamsalu 

(Concentrated fodder [281 ,000 tons], 
wheat dour [68.000 tonsj, bran 
[9.500 tons], poultry farming [300,000 
chicken. 31 million eggs], egg powder, 
grainstorage [17.000 tons]/4S8) 

(EE-076) RAS Keila TERKO 
EE3053 Keila 

(Concentrated fodder [160.000 tons], 
wheat flour [64.000 tons], grits360) 


wOO^?ND WOOD PROCESSING 


(Production capacity [S-sawn timber, 
L-logsl) 

(EE-141) RASTarmeko 
EE2400 Tartu 

(Timber logging, sawn timber 

[S 65,000 cbm, L 100.000 
furniture, other wood products [98 mil- 
lion EEK]/1233) 

(EE-145) RAS Virumaa 

MetsatBfistusko mbi naat 

cbm. L 80,000 cbm], wood products, 
kitchen fumiture/369) 

(EE-151 ) RAS Tarmel 
EE0100 Tallinn 

(Sawn timber, wooden shields, ply- 
wod doors, windows, wooden contain- 

table tennis tables ohterwood prod- 
ucts. [22 million EEKJ/346) 


(EE-152) RAS VTisnurk 
EE3600Parrtu- - 
(Skis [250,000 pairs], fiber board 
[13 million sqm] furniture, wooden 
household articles, plastic parts for 
furniture. [78 million EEKj/830) 

(EE-154) RAS POssi 
Puitiaastplaadikombinaat 
EE2041 POssi 

(Fiber board [153 million sqm], chip- 
board [140,000 cbm], laminated fiber 
board [4 million sqm], [76 million EEK]/ 
1.050) 

(EE-409) RAS Jdgeva Metsamajand 
EE2350 Kurista 

(Timber logging, sawn and planed 
timber [S 2,500 cbm, L 20.000 cbm], 
other wood products/100) 

(EE-412) RAS Lfi&nemaa Metsamajand 
EE3170 Haapsalu 

(Sawn timber and logs [S 4,000 cbm, 

L 8,000 cbm], other wood products, 

[33 Million EEKJ/80) 

(EE-414) RAS Parnu Metsamajand 
EE3600 Parnu 

(Logs, sawn timber [S 2.000 cbm, 

L 3,600 cbm], garden houses, other 
wood products/75) 

(EE-415) RAS Rakvere Metsamajand 
EE2100 Rakvere 

( Timber logging, sawn and planed 
timber [S 3,000 cbm, L 15,000 cbm], 
other wood products/120) 

(EE-416) RAS Rapla Metsamajand 
EE3500 Rapla 
(Wood tracing, sawn timber 
[S 2,000 cbm, L 10,000 cbm], other 
wood products/34) 

(EE-417) RAS RSpina Metsamajand 
EE2611 Ristipalo 
( Wood trading, sawn timber 
[S 8,000 cbm, L 23,000 cbm], furniture, 
wooden houses, saunas, structural 
timber, other wood products/1 86) 

(EE-421) RAS Tartu Metsamajand 
EE2400 Tartu 

(Timber legging, sawn timber 
[S 3.500 cbm, L 20,000 cbm], wooden 
construction components, other wood 
products/108) 

(EE-425) RAS V6ru Metsamajand 
EE2720 S6merpalu 
( Wood trading, sawn timber 
[S 4,000 cbm, L 13.000 cbm], other 
wood products/87) 


TEXTILES CLOTHING 


(EE-170) RAS Walko 
EE2500 VaJga 

(Men's and women s wear, children's 
clothes, uniforms, working clothes and 
sportswear, clothes of artificial fur, 
underwear [ total 1.6 million pcs], . 
[30 million EEK]/675) 


CONSTRUCTION BUILDING MATERIALS 


(EE-298) RAS Bamu 
EE01 07 Tallinn 

(Pre-cast concrete, construction of 
pane/ houses, structural metal products 
(pre-cast parts 200, 000 cbm], 

[29 million EEK]/392) 

(EE-301) RAS Eesti Vesiehitus 
EEO0 17 Tallinn 
(Hydrotechnical construction 
[18 million EEKJ/274) ' 


ELECTRICAL 


(EE-128) RAS Vote 
EE01 10 Tallinn 

(Electrical motors for alternating current 
[100,000 pcs], [35 million EEKJ/968 ) 

(EE-136) RAS Tartan 
EE2400 Tartu 

(Measuring devices for airplanes and 
airports, electrical measuring devices, 
components for radios and tv-sets 
[37 million EEKJ/1,150) 


MEDICAL 


(EE-239) RAS MRE (Meditsiintehnika 
Remondi Ettevfite) 

EE0001 Tallinn 

(installation and service of medical 
equipment [4 million EEK]/106) 

(EE-498) RAS Taflinna 

Farm aatsiate has 

EE0013 Tallinn 

(Packaged medicaments 

[100 million pcs], [40 mllRon EKKJ/205) 


MISCELLANEOUS INDUSTRY 


(EE-036) RAS Oru 

EE2020 Kohtia-J&ve 

(Peat [500,000 tons], [8 million EEK}/ 

416) 

(EE-139) RE Juveel 
EE0006 Tallinn 

(Gold and silver jewelry [650. 000 pcs], 
silver tableware [600,000 pcs], table- 
ware of white copper [60,000 pcs], 
minting of coins, [37 million EEK]/401) 


(EE-216) RAS Mainor 
EEOIOOTallinn 

(Computer software consultation, data 
processing, date bases, other computer 
related activities, market researches, 
business and management consulta- 
tions [14 million EEKJ/134) 

(EE-296) RAS Balti Baas 
EE001 7 Tallinn 

(Harbor services, shiprepair services, 

[6 million EEKJ/1 18) 

(EE-297) RAS Evamet 
EE0200 Narva 

(Metal parts, cast iron parts [3 million 
EEKJ/317) 

(EE-340) RAS Rongu Tehas 
EE2452 R6ngu 

(Plastic boxes (323,000 pcs], concen- 
trated juice [52,000 litres], galvanized 
steel plates [10 million EEKJ/1 00) 

(EE-486) Assets of RAS Spordilaevade 
Eksperimentaaltehas (rented) 

EE0110 Tallinn 

(Motor yachts and sailing boats 
[ 800 pcs], [2 million EEKJ/47) 


AUTOMOTIVE SERVICES 


(EE-462) RAS Koeru Autoremondftehas 
EE2824 Koeru 

(Car service, painting of cars, car seats 
and upholstery [3 million EEKJ/86 ) 

(EE-501) RAS Autoteenindus 
EE001 6 Tallinn 

(Service and sales of cars, [3 million 
EEKJ/208) 

(EE-504) RAS Pfimu Autoteenindus 
EE3600 Pflmu 

(Service and sales of cars, spare parts 
and accessories [1 minion EEKJ/34) 

(EE-514) RAS Tartu Autoteenindus 
EE2400 Tartu 

(Service and sales of cars [1.6 million 
EEKJ/61) 


TRANSPORTATION 


(EE-225) RAS Pailasti Autobaas 
EE001 4 Tallinn 

(Transport, parking lot ratal sale of fuel 
and spare parts [5 million EEKJ/1 31) 

(EE-443) RAS Viljandi Autobaas 
EE2900 Viljandi 

(Transportation of goods: 20 % interna- 
tional [10 million EEKJ/207) 


(EE-447) RAS Narva Autobaas 
EE2000 Narva 

(T ransportation of goods : 33 % interna- 
tional, heavy transports [17 million 
EEKJ/420) 

(EE-456) RAS Mootor 
EE001 4 Tallinn 

(International and domestic bus trans- 
portation [250 buses] [35 million EEK]/ 
645) 


FUEL STORAGE DEPOTS 


(Wholesale and storage of solid fuel, 
gasoline, diesel fuel, lubricating oils, 
heating oil and other oil products) 

(EE-530) HFiumaa Station 
of RE Eesti Kutus 
EE3200 K&rdla 

(39 tanks totalling 11,300 cbm, 

[13 million EEKJ/20) 

(EE-531) JSrvamaa Station 
of RE Eesti KOtus 
EE2820 Paide 

(43 tanks totalling 3.000 cbm. 

[ 13 million EEKJ/1 6) 

(EE-532) Kohtia-Jarve Station 
of RE Eesti Kutus 
EE2020 Kohtia-Jarve 
(1 1 tanks totalling 10.000 cbm. 

[15 million EEKJ/1 8) 

(EE-533)Narva Station of 
RE Eesti KOtus 
EE0200 Narva 

(37 tanks totalling 16,000 cbm , 

[16 million EEKJ/25) 

(EE-534) Vdjanti Station 
of RE Eesti KOstus 
EE2900 Viljandi 
(46 tanks totalling 13,000 cbm, 

[28 million EEK]/35) 


WHOLESALE AND RETAIL 


(EE-243) RAS Kommer 
EE0030 Maardu 

( Wholesale , retail and second-hand 
trading [57 milfion EEKJ/212) 

(EE-245) RAS Tameks 
EE0014 TalPnn 

(Wholesale of office items, paper 
articles, photo articles, radios, docks, 
sports articles, spare parts, toys, other 
goods [8 million EEKJ/45) 

(EE-256) RAS Eesti Masinakaubandus 
EE0030 Maardu 

(Wholesale of machinery, equipment 
and spare parte [19 million EEKJ/49) 


Tender Conditions 

1. In accordance with its legal mandate, Easli 
ErastamisagentXiurrEstortanPrivBtizationAgsncy 
■EPA") intends to sen the aforementioned enter- 
prises by means of a tender In the following man- 
ner 

a) bids for a state owned joint stock company 
(organized as 'RAS* under Estonian law) must 
beforthe majority of the shares of the company, 
EPA may reserve a minority of the shares of the 
company tor future public offering of shares: 

b) bids for a state owned enterprise (organized as 
'RE* under Estonian law) must be tor Its total 
operations; 

c) bids fara plant must be for its total assets (e.g. 
buildings. leasehold, equipment and inventory), 
with Inventory finally to be valued as ot the time 
ot acquisition: 

d) bids for assets or parts of an enterprise must be 
for a separable unit of a RAS, RE or plant, with 
inventory finally to be valued as of the time of 
aqulsitfon. 

2. The tender is public and anyone may bid. Legal 
entities in which the State ol the Republic ol 
Estonia or the Municipalities of the Stale of Estonia 
or their enterprise own one third or more of Ihe 
sharecapitaJ or of the voting rights may not bid. 

3. In deciding among the bids. EPA wtfl take into 
consideration, among other things, the bid price, 
promises to maintain or create jobs, pledges to 
invest and the business plan submitted, each of 
which win be considered pan of the bid. Upon 
signing a contract the successful bidder will be 
required to post a bond in order to guarantee these 
pledges. 

4. Interested parties can obtain enterprise and plant 
profiles without charge from EPA. EPA is not 
responsible tor the accuracy and completeness of 
this information. Prospective bidders wff receive 
written authorization from EPA to visit the enter- 
prises or plants on the basis ot which additional 
Information w* then be provided by the enterprise 
or plant management 

5. Bids must be In writing and should be submitted in 
a seeled envelope marked only with the name of 
the enterprise or plant for which the bid Is submit- 
ted. 

6. Bids must be received at EPA. R&vala 6, 
EEQ1 05 Taffirm, Estonia, no later than 2:00 p. m. 
(local time), on May 26, 1 994 (the "dosing date"). 
Bids wifi thereafter be opened immedtetefy. Bids 
must be den omin ated In Estonian Kroon (EEK) or 
Deutsche Mark (DIM), and shall remain vaM tor 
one hundred and twenty (120) days after the 
dosing date. 

7. Bids must be accompanied by a bond ot five (5) 
percent ot the bid price in the form of an irrevocable 
bank guarantee vafid tor one hundred and twenty 
(120) days after the closing date. The bid bond 
must be payable on first demand and will be 

forfeited if the bidder either Fails to hoW its bid open 

tor the required period or refuses to sign a contract 
fat accordance with its bid. 

8. EPAwiR decide cxi the bids within one hundred and 

twenty (120) days after the dosing data Bidders 
may present their bid within a period set by EPA. 
EPA e entitled to accept a bid other than that with 
the highest purchase price or may refect any of the 
bids at any time. 

S. The privatization of the tendered enterprises will 
be carried out accordng to appticable Estonian 
taw. 

EPA (Estonian Privatization Agency) 

Viino Samet Dr. H. a Schmidt 

General Director Chief Consultant 

Office hours tor the EPA are Monday through 

Friday from 9 ajn. until 4 pun. (local time). 


For further information (enterprise profile, data on Estonia, visit authorization) please contact: 




EESTI ERASTAMISAGENTUUR 

(Estonian Privatization Agency - EPA -) 

Ravala 6 • EE0105 Tallinn/Estonia 


+358-49-106103 

+372-2-454460 

+372-2-454490 

+372-2-691606 


+358-49-106100 

+358-49-106101 

+358-49-106102 

+372-2-454450 


man mi*.!* 


































































































13 


'■ ri % 
h *‘ Jait ‘ 




-y ™ 






International Herald Tribune, Monday, April 18, 1994 


Page 11 


^I ^Market s 

Bui desbank’s Move Fails 
To Spark European Bonds 

By Carl Gewirtz 

P ARIS n , "[ matwaal Tribttne 

able, yet even a sm^- C ° U,d . hanU y have beei > n>one favor- 

thi^monti Elu^m^S 3 ® 1 ^ 011 , m the De^mber^niraT Tor 
level that assumes was rcmains trading at a 

raid of tbeWS^ t^:T Dth rat f ^ be at 5 percent at the 

central bank lowered its floor rate 

yie,ds Nestors are 
German government - 

oonds ended the week at 626 nervous after a 

disastrous quarter. 

There's a Jot of second- 

Graanvls^^ 11 aboul f **“ econonac outlook and how fast 
Morean^w^ 6 recession." observes Jan Loeys at J. P. 
ntcmTsmaUw 1 ^ 01 } 1 ^ he assum P t * on “ that faster growth will 
nwthetottonL'^ 1116 m mflalion interest rates must be 

7 a fE u es tha t German inflation wiD keep falling, to under 

^“ndesbank room to further cut rales. Bui 
by the volatility in bond markets and the uncertain- 
2_ a ?P“i “f ?“"?**' ®re shunning long-term instruments and invest- 
uigm short-dated paper of less than five years if they invest at all 
bhort-term investments are deemed the least risky to upset if 
growth ami mflanon rate turn out to be greater than expected and 
me oest placed to benefit if the environment remains benign. That 
is based on the belief that European yield curves — the spread 
brtween two- and 10-year returns — are too narrow and that the 
/*/*!»: w ^ en ’ n S will occur either through a rise in long-term levels 
' tt?® PTVXS > ° r a < * ec J* ne u 1 short-term yields (rising prices). 

This preference was abundantly clear last week as the first of the 
long backlog of issuers waiting to tap the market mostly opted to 
sol paper with maturities not exceeding five years. 

A notable exception was the relatively heavy flow of new issues 
denominated in lire. This was the case partly because the Italian 
bond market was the week’s star performer with yields falling 
significantly, and partly because this is mostly a retail market not 
much i nfluenc ed by the worries vexing institutional investors. In 
fact, much of the paper gobbled up is callable — a distinctly 
unattractive feature for investors if Italian rates continue to fall. 

The long-dormant market in European currency units revived with 
the second-ever global issue in this sector. This was a 500 million Ecu, 
five-year issue from the European Rank for Reconstruction and 
Development carrying a coupon of 6 percent and priced to yield a 
tight 6 basis points less than outstanding French government paper. 
By the end of the week, the paper had not been folly placed. 


For Japan, a Go-Slow Rebound 


By Paul Blus tein 

International Herald Tribune 

TOKYO — As be carefully slices a slab of 
raw tuna and prepares servings of eel and 
fresh sea urchin eggs. Tiro Ouo recounted 
bow business started picking up last month at 
his small elegant sushi bar, where lunch costs 
about S5G pa person and dinner three to four 
times *h»>- 

Maybe the predictions of a recovery in the 
Japanese economy this year are starting to 
come true Mr. Ono said hopefully. Or maybe, 
as some analysts fear, the long-awaited re- 
bound after three years of recession may 
fizzle became the resignation of Prime Minis- 
ter Morihiro Hosokawa mil shake consumer 
confidence. 

Either way, Mr. Ono said he felt certain 
about one thing: Even after a recovery be- 
gins, free-spending customers will not flood 
into his sushi bar the way they did during the 
"bubble economy” of the late 1 980s and early 
1990s. "We can’t expea a return of the bub- 
ble,” he said. 

Many here agree that a long time will pass 
before Japan regains its super charged mo- 


mentum of yore. Although recent indicators 
suggest that the economy is bottoming out, 
Japan’s problems go beyond just a downturn 
in the business cycle, according to business 
executives, economists and government offi- 
cials, and they appear certain to hobble Ja- 
pan's economic performance wefl into the 
future. 

In the past, recessions were mere speed 
bumps on Japan's road to ever greater indus- 
trial might Tune after time, the country has 
roared back from business slumps, its indus- 
tries shucking off their problems to emerge 
more efficient and more formidable than ever. 
After the last downturn, in 1985 ad 1986, the 
economy rebounded into a spectacular expan- 
sion that peaked in the spring of 1991. 

But this time, Japan does not seem to be 
recovering from its troubles with its custom- 
ary vigor. 

The slump has exposed serious structural 
weaknesses that should keep Japanese 
growth relatively modest over the next several 
years, economists say, and its industrial 
prowess is less intimidating — at least by 
comparison with the Godzilla-like perfor- 


mance posted during the bubble era. That is 
not necessarily good news for the United 
Stales, because a slowed Japanese economy 
wilJ translate into weaker-than-expected de- 
mand for U.S. exports. 

Japanese companies remain saddled with 
expensive fariUttes and bloated payrolls add- 
ed during the the late 1980s, when the coun- 
try’s growth seemed boundless and its man- 
agement methods were widely hnitaiHri Cost- 
cutting efforts have been constrained by the 
national taboo against layoffs. These difficul- 
ties have been compounded immensely by ihe 
strength of the yen, which drives up the cost 
of Japanese products in global markets. 

"It will take a long time for the corporate 
sector to iron out its problems," said Susumu 
Taketomi, chief financial economist at (he 
Industrial Bank of Japan. “We don’t think 
recovery will come about very soon." 

Consider Dainippon Screen Manufactur- 
ing Co, a Kyoto-based maker of high-tech 
machinery, the company expanded during 
the 1980s as if the market for its computer 

See REBOUND, Page 13 


IMF Urges Japan 
And Germany to 
Cut Rates Anew 


When Managing the Yen Leads to Crisis 



THE TRIB 


International Herald Tribune 
World Stock index, composed 
of 280 intemationatty'mvestable 117 
stocks from 25 countries, 1 -j 6 
compiled by Bloomberg 115 
Business News. 114 
113 

Weekending April 15, JJf 
daily dosings. ’ 

Jan. 1992 = 100. 110 

AjJa/Padflc M 191 




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International Herald Tribune 

PARIS — The Japanese are 
expert at deflecting supposed ad- 
versity. Unwanted revaluations 
of the yen in the 1970s and re- 
straints on exports of cars and 
memory chips in the 1980s have 
all bees transformed to strategic 
advantage. But success at keeping 
Japan’s domestic market largely 
closed to imports has been costly 


country's highly competitive ex- 
port sector, he warned. 

Japan, faced with the choice of 
managing its trade or manag in g 
its exchange rate; has chosen the 
latter, Mr. KOO maintains . The 
increase last year in foreign ex- 
change reserves totaled $26.5 bil- 
lion, the hugest gain since 1986, 
he noted, as the Bank of Japan 
bought dollars to bold down the 
yen. The rise in February was $3 


and now has boxed Ihe country yen. ine n» m February was 53 
into a nowin strategy in its trade ‘billion and since then market re- 
standoff with the United States. h** *•» central bank inter- 


“Global capitalism has finally 
caught im with Japan," wrote 
Richard Koo, Tokyo-based ana- 
lyst at Nomura Research Insti- 
tute; in its monthly publication 
Capita] Markets Trends. 

The longer Japan refuses to ac- 
cept numerical targets mi im- 
ports, aimed at assuring the do- 
mestic market is opened to 
foreign goods, the stronger will be 
the upward pressure on the yen 
and the greater the damage to the 


ports have the centra] bank inter- 
vening massively on a daily baas. 

Without that support, analysts 
guess the run-up in the yen could 
push the dollar down to a range 
of 85 to 90 yen from the current 
level near 104 yen. Even so, the 
yen remains within a whisker of 
last August’s record of 10035 
against the dollar — and is still 
easfly 25 percent above where an- 
alysts think it would trade if there 
were no impediments. 

The yen’s overvaluation is 


damaging exporters, driving pro- 
duction to cheaper off-shore 
rites, and delaying recovery. 

[The U3. treasury secretary, 
Lloyd Bentsen, on Saturday said 
the United States was not manag- 
ing the dollar to bring trade pres- 
sure on Japan, Agenct Franco- 
Press e reported from 
Washington. "We’re looking for 
the market system to handle 
that," he said.] 

For Mr. Koo, Japan’s choice to 
manage the exchange rate "is 
nothing short of a national crisis. 
The boldest market-opening 
measures must be taken to re- 
verse the trend." 

Conventional wisdom has it 
that Japan is in only a temporary 
bind and that, as in the 1980s, an 
enormous outflow of capital is 
waiting to happen that will put 
downward pressure on the yen 
and enable the country to contin- 
ue to run high trade surpluses 
with a relatively weak currency. 


The once record capital out- 
flows have virtually come to a 
hah, supposedly because of end- 
of-year pressures that were ex- 
pected to disappear at the start of 
the new fiscal year on April 1. 
While uncertainty about the 
trade dispute and recent disorder 
in world bend markets might 
slow the resumption of foreign 
investment, conventional wisdom 
has it that ever-widening interest 
rate differentials will inevitably 
pull money out of Japan. 

Yields on 10-year UJS. govern- 
ment bonds are currently almost 
3 percentage points above levels 
in Japan. 

But according to Mr. Koo. it is 
futile to wait for capital outflows 
to resume: They will not, he in- 
sists, because of the huge curren- 
cy losses on past investments. 

“Japanese investors have been so 
weakened by losses and their ability 
to take dries so impaired that there 

See YEN, Page 13 


Compiled bt> Oar Staff From Dispatcher 

WASHINGTON — Germany, 
and Japan could cut interest rates 
further and the United States raise 
them as pan of a global strategy to 
promote long-lasting world eco- 
nomic growth, a senior IMF offi- 
cial said over the weekend. 

Briefing reporters ahead of the 
International Monetary Fund’s 
semi-annual meeting this week, the 
official called on the United States 
to narrow its budget deficit and 
Japan to extend its tax cuts. 

Separately, IMF officials said 
the Fund’s executive board was ex- 
pected on Wednesday to approve a 
$13 billion loan to Russia that 
could open the way for billions of 
dollars of postponed Western assis- 
tance. The IMF's managing direc- 
tor, Michel Camdessus, endorsed 
the loan last month. 

The senior IMF official who de- 
clined to be identified, said that 
global growth looks set to pick up 
to around 3 percent this year ana 
33 to 4 percent next year. 

But he added that some industri- 
al nations, including Japan, Ger- 
many, France, and Italy, will see 
their economies lag in 1994. 

The Japanese economy "is now 
bottoming out and could recover, 
but slowly during the next few 
months," the official said. 

To help ensure that growth re- 
turns to more acceptable levels 
next year, Japan should prolong 
this year's scheduled tax cuts until 
the economy is well into a recovery, 
he said. The tax cuts, which form 
the core of a $145 billion budget 
stimulus package unveiled by Ja- 
pan earlier this year, are currently 
only slated to last one year. 

A further cat in Japanese interest 
rates could also help boost the 
economy, even though rates there 
are already low, he raid. 

Ihe IMF official also advocated 


European Bank Catches Breath in 6 Year of Pause 


By Erik Ipsen On the table wifi be proposals that will not 

international Hemid Tribune only reaffirm the bank’s commitment to de- 

LONDON — Shareholders of the European vote 60 percent of its resources to private 


On the table wtQ be proposals that will not supplanted this year at any rate by what one 
only reaffirm the bank’s commitment to de- senior hanlt official called a “year of pause." 


Bank for Reconstruction and Development will sector investments, but also go one step fur- budget wiD be held at £1 16 million ($170.7 
fhid an institution much changed in both sob- then They will angle om' small and medium- million). More controversially, its loan com- 


pplanted this year at any rate by what one a! counterpart for Latin America, the Inter- 
mor bank official called a “year of pause." American Development Bank, provides am- 
Tbe bank now have a hiring freeze and its pie inspiration. At its annual meeting in 
idget wfll be held at £1 16 mfllion ($170.7 Mexico last week, that bank’s shareholders 


stance and spirit when the bank begins its sized enterprises as priority targets, even mitments for this year will be held at last 
annual meeting in St. Petersburg on Monday, though those investments require a great year’s levels as wdl Mr. de Larosifcre is 
The bank’s mandate — to spur economic deal of manpower to prepare and monitor expected to unveil projections in Sl Peters- 
devdopment in Eastern Europe and the for- each dollar invested. burg that estimate loan commitments for 

mer Soviet Union — remains the same. Un- [One such smallish deal but for a state- 1994 roughly equal to last year’s 1.8 billion 


lower interest rates in Germany 
and said that’s what be expects the 
Bundesbank to deliver. The Ger- 
man central bank last week cut 
rales by a quarter percentage point 
“I see the German economy still 
at a very low level of activity,” the 
IMF official said. “I have no doubt 
the German authorities will pru- 
dently but steadfastly continue 
Lbeir efforts to make monetary con- 
ditions more in line with the needs 
of the Goman economy and of 
their neighboring countries.” 

To help ensure that the U3. 
economy does not overheat, the 
IMF official advocated a mixture 
of budget deficit cuts and short- 
term interest rate increases. 

Some analysts have criticized the 
Federal Reserve fen- moving too 
slowly to tighten monetary policy 
to hold price rises in check ana 
have argued that’s why investors 
have pushed up long-term rates. 

But the IMF official rejected 
that view, and instead blamed the 
increase in long-term rates on wor- 
ries about America's budget deficit 
(Ratters, AP) 


Bom Wants 

ABountyRd 

OnFugitlm 

The Associated Press 

FRANKFURT — A German 
government minister is reportedly 
urging creditor h anks to post a 
huge reward for the capture of a 
fugitive property developer whose 
company has filed for bankruptcy. 

Jtirgen Schneider, 59, vanished 
over Easter and apparently has fled 
the country. 

The federal labor minister, Nor- 
ben Blflm, said the b anks should 
pul up “a reward in millions so that 
the money shark Schneider can he 
caught." 

“I expect them to do this,” Mr. 
Bltotsaid in an interview for publi- 
cation in Monday’s edition of Bfld 
newspaper. 

Dr. Jurgen Schneider AG, the 


development in Eastern Europe and the for- each dollar invested. burg that estimate loan 

mer Soviet Union — remains the same. Un- [One such smallish deal but for a state- 1994 roughly equal to la 1 
derits stem new president, the former Inter- owned company, was announced on Stmday, European currency units ($2.03 billion), 
national Monetary Fund managing director as the bank opened a 510.3-million line of Those members of the bank's board who 
Jacques de Larosibre, however, the bank has credit for Russia’s Khrunichev concern to represent some of its 25 borrower nations 

been recast from an enfant terrible to a staid launch a European commumcatioris satellite have expressed frustration with those down- 

pillar of the financial world. with a Russian Proton rocket, AFP-Extel sized goals. Some have cc 

Mr. de Larosibre, who was brought into News reported. The Russian prime minister, their countries’ baDoonic 

the EBRD last September in the wake of Viktor S. Chernomyrdin, and Mr. de Laro- Nonetheless, many of t 
scandals over the bank's free spending and aire signed the contract in St. Petersburg.] Eastern Europe and the f< 
slow lending, saw his installation as a man- “It is relatively easy to go out and lend also join with their con 
date for change and he has seized upon iL $200 million to General Motors for a new donor nations in conced 

That transformation can be seen in every- plant in Eastern Europe,” a member of the sizing is a necessary evQ. 

thine from the EBRD's impressive lending bank’s board said. To find Polish entrepre- The logic is simple. If h 


with a Russian Proton rocket, AFP-Extel 
News rqxwted. The Russian prime minister, 
Viktor S. Chernomyrdin, and Mr. de Laro- 
afcre signed the contract in Si. Petersburg.] 


sized goals. Some have contrasted them with 
their countries’ ballooning financing needs. 

Nonetheless, many of those directors from 
Eastern Europe and the former Soviet Union 


statistics — 1993 loan commitments are up 
90 percent and disbursements have risen 257 
percent — to the agenda for the bank's third 
annual meeting. That agenda is expected to 
be dominated by new proposals to steer the 
bank back to its roots. 


Marrakesh Notebook 


“It is relatively easy to go out and lend also join with their counterparts from the 
$200 million to General Motors for a new donor nations in conceding that the down- 
plant in Eastern Europe," a member of the sizing is a necessary evQ. 
bank’s board said. To find Polish entrepre- The logic is simple. If Mr.de Larosiire can 
ueurs and assess the credit risks, for instance, put the bank’s affairs in order, and if he can 
takes more time." convince his 56 mainly government share- 


approved a massive increase in its capital. Dr. Jurgen Schneider AG, the 

Bank directors say that Mr. de Larcsifere property development company 
has already made major strides in his efforts that Mr. Schneider built into one of 
to restore the EBRD's credibility with its the largest in Germany, filed for 
donor members. His decision last November bankruptcy on Friday, 
to shelve the bank’s old structure that had The newspaper Welt am Sonntag 
divided it into an arm for the private sector quoted officials at his company as 
and another devoted to the public sector is saying that they suspected he and 
now seen as a key success. his wife had gone to Iran. 

Mr. de Larosiire decided instead to set up Banks say Mr. Schneider left 

one group that looks after the bank’s loans debts of 5 billion DM ($19 billion), 
and investments in the countries of a newly plus 250 million DM to subcon- 
defined northern region and another that tractors and craftsmen. But the 
looks after the south. news magazine Der Spiegel said 

As part of the shift from an organization that he had piled up debts of 9 


takes more time." convince his 56 mainly government share- 

Suddenly, under Mr. de Larosiire. the holders that he has done that, next yeat's 
European Bank has slipped from overdrive annual meeting could have a far more ambi- 
to neutral Hie hugely ambitious agenda of tious and upbeat agenda, 
its first president, Jacques Atlali, has been Certainly, the example of the bank's region- 


defined by its products to one defined by its billion DM, while his properties are 
countries of operation, the bank has valued at onhr 1.7 billion DM. 
achieved another priority of the new presi- The Frankfurter Aflgememe Zei- 
dent, a greater country focus. tung said that a spokesman for 

One of the more significant decisions this Deutsche Bank had confirmed re- 
week wiD concern the naming of a successor ports that Mr. Schneider had written 
to Mario SarrineUi, vice president for the to the bank and asked it to look into 
southern region, who is leaving the bank to his books and "liquidate in an order- 
head Banca Nazionale del Lavoro. Iy maimer” his real estate company. 


For GATT Folk , Close - Ups 
Of Another Kind of Trade 




In the dusty souks of Marrakesh the peddlers of 
caftans , rugs, figs and dates have learned a new 
word. “GATT! GATT!" they cried out as waves of 
wide-eyed trade officials from Brand to Belgium 
stumbled by, slopping occasionally to examine the 
proffered waxes. 

More than 2J>00 cabinet ministers, functionaries 
and bag carriers, supplemented by an army of 
marly 700 journalists, swarmed through this an- 
cient Moroccan city last week for ceremonies that 
culminated in the signing of the Uruguay Round 
accord, billed as the world’s biggest tirade liberal- 
ization pact. Past the snake charmers and street 
musicians they clambered, recognizable by the 
plastic laminated GATT ba dges h an gi n g from 
their suits. 

“You are GATT?" shrieked one Berber mer- 
chant “Come. I make very special price." 

Morocco's King Hassan, who spent more than 
$11 TtwHinn giving Marrakesh a face-lift for the 
occasion, was tucked away for most of the week in 
his local royal palace as the meeting played out 
imHw the auspices of the General Agreement on 
Tariffs and Trade. And from the luxurious five- 
star holds to the narrow byways of the medma, or 
old town, the city looked improbably antiseptic. 

Marrakesh, in short, was enthralled by the spec- 
tacle of an event that the king’s propaganda ma- 
chine likened to the founding of the United Na- 
tions. . , , 

The pain t was literally still fresh as the delegates 
arrived “See that sidewalk?" observed a British 
artist who has lived here ever since she abandoned 
the Woodstock generation. “It wasn’t here a week 
ago. They have paved many streets, put in new 
lights and even constructed sidewalks where before 
there was just crumbling dirt" 

A Palace With a Star-Strewn Sky 

Not everyone was amused by the palatial sur- 
roundings offered to the visiting digmunes^some 
of it verging on the edge of Islamic kitsch. Gerard 


Longuet, France’s trade and industry minister, 
bustled into a cavernous chamber in the city’s 
Palais des Congris to hold a press conference, 
stared at the star-like white Ught bulbs sprinkled 
across midmgbt-blue walls and was heard to mum- 
ble to an aide. One French delegate remarked la tar, 
“It looks like a night chib.” 

Couscous: Get It While It’s Hot 

The king's lag party, held midway through the 
week in dozens of vast tents spread around the 
Marrakesh polo grounds, was called "Fantasia." 
New York City’s animal Fourth of July fireworks 
had nothing on this extravaganza, which also fea- 
tured dozens of Arab horsemen charging up to the 
royal tent and firing off a special nfle salute. 
Nearly 2,000 GATT delegates and numerous 
spouses proceeded to feast on roast sheep and 
couscous, which despite the best of organizational 
efforts arrived either tepid or cold 

Heave-Ho for Folks at Margins 

While the King put on his show and diplomats 
were whisked around town in convoys led by siren- 
blaring white Renault 4 police cars, a darker reality 
descended upon the permanent residents. To make 
sure Marrakesh was a showcase for the world the 
police made an extraordinary effort to round up 
more than the usual suspects. 

Several days before a single foreign official land- 
ed, the authorities had shipped thousands of peo- 
ple to a detention camp 18 kilometers (10 miles) 
from the city. Included were 2300 street vendors, 
supposedly without license; an estimated 1,850 
“drunks; "about 1,700 homeless people and anoth- 
er 440 Manakeshi classified as pickpockets. They 
should be bade in town any day now, having 
mjowd the ceremonies but nonetheless in time to 
observe the urban improvements. 

Alan Friedman 


THE LINK BETWEEN THE PAST 
AND THE FUTURE 


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Page 12 

mutual funds 


INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


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HTBdP £ -74 EunfBl»X7 +24 VATF 1134 +73 HnCHA BX1013-79 
S&p 1714 7a 4034 +.96 FnnASnMsdTn 100x3 1468-36 

ESrfl 5X4-72 SmCo 1174—29 CorpQualp3479-Q7 2 FMnAP x9.14 — 07 
TCIncp 1329 +72 TxFSI 1W3 +72 tovGrofl»p809 . U£ Grouse 
ymreenPtoicte KflHorGvt 10X0— 02 RaWve UOB — W BW7p 419 . 

F^romn WW— 75 FWtarMu 1027 —72 FrwJkSo T bw* B^p 572 —72 

Found n* 1274 —18 Flrtt Amer Fds C: Gtoblpx 1178 —.U MTEp 5. IS _ 

GtoRen 1375 +.12 AttADIn 1815—02 Hard cot 1270—77 DEI p 7J7 — 73 

SdMM n 2071 —35 BaK nltS -06 _H HncgL.1l f 10 -76 W*«w P 1174 _^9 

MunCAn 1079 +74 Ealfibdn 1028 —72 FrmMrtfFOntt EqujtPJ P 1074 —12 

MirfFn 1022 +71 FxOnqin 1067 — 71 GWttn-1227 +78 Bdrlrip 4H — 04 

MuTihisn 979 - Gavfidln 9.1$ Growth n 1024 —18 1 Fedlncp 478—01 

MMem lliS— IS tShWft OTf+Tl InttGrn 9.18 .! GjaUBdP 576—02 

T^iw J776— 32 L MI nan 9£ ‘71 _CAJnt , M70 +73 r GtaGro 479—71 
v/atTmn 1474 + 76 MtoSrd n 927 — 72 FundThitfs Gro wth p 1620 — .40 

vnUUUdK 4.02 — 17 MunBdln 1839 +72 Agpres fp 15.16 —38 1 HiYtfrep 445 


Autncfp 970 


_ SI Bond 2053 +72,' 73ffTAn W? -73 ; CgTOp 10JD - KSnnriOM 3595-^2 ^gjJuilf^H-SO — W j VOrnwrtf. 770 ^9 

1 n— li. MM_K UMiwInt 13L5H _ USGvStX 941 -721 G®SanntlRJB ~zt +48 RaV°L. ^ m IWMPnkn 


926 _ Band n 2069 — 05 1 Vatoemt 1320 _ 
928 -71 1 inneqn BJ3 +.19 : VatuelA cU21 —.14 
1275 + 76|ManBerFUBdse ! VututTA 1123—13 

mm +71 Fxdlnc 923 —72 VAITAn 1tU4 +7< 
10.17 —24 NY IF 1074—011 VAltAp «U4 -74 


USGvStx 9.41 -721 
Mmp 1118 —22 | 
CwSl 1154 —25 
ComTecP 873 — l*i 




I860 —30 , STFxMc 923 —01 ; Nationwide Ms 


Mcnoscd^CL/7 +JX ewaroen Pund* QnMKjvf li 
STM 9J7-— W ewrumn 1404— 75 FWtorMu JH 


MunCAn 1079 +74 
MuniFn 1022 + 71 
Munimsn 979 .. 

Reflrt nx 1174 —16 
TafiOm 17-96 —32 
VttfTmn I486 +76 
^oeWUdas 4.0 —17 
■srlmfHl P 756 —JO 


IDS Group: 

BtvCop 419 . 

Bandp 572 —02 
CATEp 515 . 

DEI p 7JS —73 
Diseewp 1174—49 
EquitPIc 1074 —12 
Exhlnp 433 —04 


HrEGA 21.18—170 ! Mark Twain FAb 


NtBond 979 —72: 
NatnFd 1548 —05 ■ 


H*£a 3091 -^j E«gy S3Unr iflJ3 — O 

hndA 897 — S ! Fxfflnam 924 — 01 ; TxFret 9^ — J W . CTigl 'j „ -f. 


Abt5v d 2480 —67 
BalAP 1533 —.16 
Chart P 826 -75 


Consflp 17.12—45 


GoSc p 979 —71 
GrthBt 1083 —54 
Grthp 1077—54 
HYJdAp 973—10 
HYHfflt 963 —79 
Incap 769 —04 
IntlEp 1225 + 21 
LimMp 9.98 


GlobEp 1772 +.11 
Inca 1647 —72 
MBCAI 1812 +71 
Muni nr 1004 +72 
Socialp 2976-76 
Sac m 1677—71 
SocEq 2074 -20 
TxFLtdn 1069 + 71 
TxFLM 1623 —01 
TxFVT 1585 +72 
USCw 1421 +71 


Batann 11.94 Eupocp 2272 +.12 Arid 2824 — 2D. ...... „ 

FuB 967-72 Ffflnvp 17^7 +71 ArMAp 2128 — 18 OohnwreGrBUje 

Um 1017 . Govt p 1X43—02 GlobEQ 1723 +.11 1 TrendP 1222 

AIM Fuads: GwthFdp25J5 — 63 [nco 1447-72 

AdGvp 9J1 - HITrstP 1426—13 MBCAI H0.12 +71 

Aursvo 2480 —67 IncoFdp 13J2 +71 MunlM 1074 +72 

MAP 1523— .16 KrsffldP 1325 —72 SocnXP 29.06-74 

Chart P 876 —75 In vOtA P 1876 +73 soefid 1607—71 

ConsflB 17.12 —45 UtSTEBd 1X99 +73 SocEq 2024 —70 

GaScp 949—71 NWEaonp29.8S — .19 TuFUdn 1049 +71 

GrthBt 1083 —54 NewPerpl426 - TxFLM 1523 —01 

GrlhP 1027 —54 Si+)CbWpZL 73 — 32 TxFVT 15B5+72 

HYUAp 943—10 TaxExptplIM - USCw 1421 +21 

HYkffll 943 —79 TxExCAPlXIB — 01 Camb ridue Fdfc 
IncaP 749 —04 TxExMDpI493 +74 CcPGrA T461 — 07 

IntlEp 1175+21 TxExVAP1541 +74 GvtnA 1X06—72 

LimMp 9.98 _ WshMutpRW +.14 GwthA 1SJM —38 

MuB p &II +21 ArnGwfh 9JJ— 44 MulncA 7444 

Summit 9J3 -79 AHeriton 1.19 —76 CapGrBt 1457 —07 

TeCTft 1047 +71 Amr Nall Funds GvInBt 137? —73 

TFInt 1022+73 Growth 410—03 GwthHI 1492 —3? 

litno 1223 +.04 Income 2022-75 mcGrflt 1474 +72 

uraei 1223 *7? Triflex 1 +72 MiilncBI 1446 

VaUflt 20.91 — J8 APfGrfpn 1X32—21 CapMkldx n1045 — 72 
Vatu P 5094—73 AmPertorm: crailaCan 948 — 02 

Weinap 1620 —43 Bond 942 - CapitoFI n 9.78 

amf Funds Equdv 11^—03 CMndeBa Rushmarr 

AsSftWff 9.91 - mtSd 1034—71 EmpGrn 1125—60 

mtMtan 924 -71 AmUtlFUn 202? —06 Grwth 11J9 — 31 

inltJan 1062 —71 ArnwyMutt 777 —.11 ccpnieiUtl 978 +72 
MMSecn 1027 —71 Ancfyticn 1146 —73 CBPttmO Group: 

AKK Funds AiKhCaPt .19.91 —15 Fund SW 1677 -42 

COpGrn 1077 —22 AnuBo Funds GvHnc 4JB 

WrSn 1012-78 AZTF 1052-71 AAedRs 1720—17 
Income 946 . CQTF 10.14 +72 NZIond tlTO — .18 

ASMFdn 9.67 —76 HI TF 11.17 NJopun 7J6 +7B 

Accessor Funds; KY TF 1074 + 72 US Trend 1228 —24 

IntFxJnn 1748 +71 NflgTFM - CUMFomlK _ 

AccMcnull75 +71 ORTF 1074 +71 AOOGtti 975—30 

ShttntFx 11.97 —01 TxFUT 978 +71 BctoncEd 9.94 

Acomhi 1522 +.02 Auuinas Fund: Fund 1241 +71 

AcmFd 1112 -77 Balance n 94? — W GovtOM-o 021 -.02 

AdsnCao 2071 —73 Eplncn 973 +.14 CrrifCa 1229 —74 

AtJvCBa] 0 1075 —78 FMncn 921 _ COmeBOHTE9-5T — 72 

AdvCRelp 920 —75 Arch Funds CnKBIA 1540 +70 

Advesl Advant Bal 9.72 —02 CnKBIB 1537 -70 

Govt no 9JI +72 EmGrth 1143—16 CentumGp 847 —15 
Gwlhnp 1677 —15 GovCure 10.05 —01 .CflhyShrn 2X95 +.11 , 

HYBdP 977 —03 Grolnc 1243 - Sj ChCapBC 1277 +73 

Into no 1X40 +.02 MoTF 1176 +22 lchesGrth 1379 -49 

MaBrTJtX 975 +.05 US Gov 1046 —72 CHestnt 13744—271 

SpcTru 2071 —71 Armstngn 870—25 ChicMitwn 14X29 
Aetna Funds: AHantoGrplO.90 — 73 OtubbGrin 1591 —13, 

Aetna n ii34 —73 Atlas Funds ChubbTR 1471 — 09 

AsianGrn 8X6 _ CaMuni 10L77 - CTropern 4518 +74 


TCLatt 1137 —39 f am Vain 1947 —07 
TCNdrtS 941 — 10 FBLSnte 
TCSCpt 9 JO —39 RioSit 1811 

MGrplBStt Growth t 1X92—19 

Decll JOI HiGrBdt 1023 —01 

Dgwri Wfl8 *M HlYBdt 10.12 -06 

Rfi MtfMd.t 11 J7— 14 

DlChl 578 —04 BEMjijMfflM: 

TsvRsI 949 —21 capAcp 1174 —11 
ftweGrowe Fxdtn 1076 

TrwxJP TXg —36 fnlGv 1074 - 

Votoep KJff seJValuepll J8 — 30 

DelcnDP ?ISS~«2 SmCoGrnll73 —18 
Dean 1671 +79 ffBEc I073 —.14 
Deanil p 124? +78 iqji ♦ sa 


RfiBEqin ilJ5 — 73 Groinfp 1543—02 
S®llnl577-15 GwIhlP 1X59 -11 
SMKfcln 1X97—1$ toafe W-J 
First Amor Funds; MotfTRtell^— 7 
ASAUp 1X16— .01 Fundamental Funds 
Baton P 1045—06 CAMunnp519— 1 
Equity p 1X67 —.15 NYMuniplXd -7 
EqlOxp 1829 —72 US Gov n IJ9 -7 


GtaGrp 649 —71 
Growth p 1590 —40 
HiYdTEP 446 . 

InaTEp 579 
Irtflp 1070 +.11 


v4l| Murf 9.95 -71 ; USGVlft 7^943 —01 - H0rgpx 8»- « 

72 lntarkelWafchFdfc Nflabeno’ Berra: I gv®* JSn “m 

■.Hi EauflY 9J7 +.01 i AMTBalnUJl — 20 •• NYTxDp 10-32 —71 
01 ^rincm 9J9 +71 Genesis 7M-W\ MHDNjSjf 
_ tntFxin 940 - Gwortnn 182« — 77 ; SreytDjwle .= 

VAMuBd 9JJ -74 LMMoxn lft» — ffl ■ SrnCB»D 1831— W. - 

■M , Martoii Funds MonhctnlOJl — 21 1 SIDP J-*; *-^g gOhHYt V 

to: ovSecAW? must ioj +74| usgdpx *-82! l! 


Omega 16-29 —41 i Muri 9.95 *111 
PtxA nJDO +J2 iM Bf i w I Wg trtFfc 
StaA 771 -1] , gway 977 +.01 , 

Tvfa 943 +.01 ; Fterinem 979 *Jfl , 

S :: vJSSh IS .*■ 

sa'. 


Ineofp 9J9 —03 / MpdRp 1174—10 
M0dTRfBll75 — 77 Massp 525 _ 


CAAAunnp 519 — 11 
NYMunrplTd —m 


Trwxlp lXg —3# fnjGv 
Votoep ma +^ Sdval 
DBtooPP “5?—® SmCoC 
Dean 1801 +79 ssrrq 
D eartip 124? +^ }5 bnj 


Fxdlnc p 1867 —02 ftAMFumhE 
GovBdP 9.15 - Global T4447— 1.90 

Intincp 973 * 71 Wt 190.10— 
Ltrilnc 9,94 +71 PacBas 18677 +577 
MIDSecp 9.97—72 GEEBunS&Sc 
MunBdp 1839 + 72 DiversfdniX66 +72 


US Gov n IJ9—72' SYTEsr & 13 . 
1AM Funds: NflWOp 1X71 —32 


GIQbB t 1<L4? — -JU . uvraecA vjr* - : n#ura » ~ -fZ \ w™ 

Gv^f Mt >' GffifnA 9.42 —7S NYOTCn 977 +71 UTO« 

l?nSt 597-721 VaJ&lAp 945—10! Psrtnrs n 1970 — g PnnGtohn J0» +« 
PTtfBt 1097 +73 1 MotTtai Funds ■ SeB^ Ctn 5XX — a : Pcpp5tfc _ 1479 —33 
SicBt 773 —13 Bain 943—05; WrraBctn X51 — 01 .PwwpnPt 
TxFB) 942 +71 : Esdnc 9J1 +.11 jNewABur »27 —18 J GuHS J578 —45 
GJOpCi 1851—30 Gvtlncn -929 — 72 NewCnltO 1T4S —13 , WBd VHj? — ® 
TjcFC! 942 -71 WBdn 943 - NuwUSA P 1148 — 38; LATF WM +72 ! 

FtxCt 1826 . MidCap n 941 — 21 i Nkiwlas Group; I STGv 1508 — 71 ■ 

TOACt 1815—27' ST Inch ?« -71 : tfichaln 5143—21: VdEa 1^ ~ -® | 


ffi^! || n n '$iz£ +* S” h3 

SSpx 1 ^ -w 1 -M ’j’ Z.V piS 

USGDtnr 940 +721 MulnsA 1070—01 Dm^POll»W-L^ ^ pMn 14J3 — 50 

878 -721 Muntat 1871 - — ■'i cshvttRasfo Income n 833-71 

SeiS - n 1883 +79 1 MuMdt 1042 ‘71 GNWAn W25 +77 oJtcC 77B +71 LevGT 2X27 —p 

igppRk 1439+-v33| MunMAl 1129 +31 I ^ tS\ SSK NYTen 

TaxEx n 1836 . 

USGvtn H48—05 


DetaWP JM0 +JP FFTWFMKfc: 

’“5 +.16 us Short 9-96 
D£chP AM— 74 wwttoda 94* +75 

USGovtp 8J5 -M wWFxdui 945 —02 
Tnsnsp 949—01 pUBFtomk: 

TxUSp ixoj +71 DTvECP 1175 — -07 
TXlnSP 1079 - DrvEl 1175—07 


CcsGrA 1641 —07 _TxFrFaP.8Jg - 
GvInA 1X06 -72 DfcnMswnal Fds 
GwthA 15J4— 38 USLrg 18»— 31 


,823—14 R«fqP ll-M -73 
,051 +72 Stock p IX?7 —.15 
p FSOasJG 9-29 —0! 

9J6 _ FttEaglnY 15-26 —72 

944 +45 FrstFOE 1045 — £ 

945 —02 FWwMu 187< +72 


Global n 1641 —12 
Income n 11.15 —02 
S&SLrsnlMU —71 


_ S8S PM n 3547 —.09 

FretFdE" 1055 —02 TaxEx 1145 +71 SrrtVGr 

FWwMu 1074 +72 Trusts n 3249 +.10 T^BndP 

Fint bnestors GE Funds Utilncp 

BrciJtapIXO* —10 GtoOaJC 1857—14 Itt Fuads 
Up 5.96 +73 incameCnil45 — 72 Munpn 182S +74 

Govtp 1171—71 InttEaDn 1443 +.11 NaAmP 9^ — 74 

Grolnc P 441 —74 StraoC 1X32 +72 Trttp ?.« 

HighYdP XU —74 USEaDn 1X59 —74 IndOneGT 979 - 

Income p 1M -74 GE USE 1X57 —05 totoendenarCnjx 
InvGrdP 946 —02 _U5EaA 1X56 -74 OwortP IJHH --S? 


bUGCp 1075— W 


1075 —02 
1829 +72 
KLZ9 +72 


MulncA 7444 _ ICSrni XTP —77 mtFI 1829 +72 

CapGrBt 14J7 —07 US 6-10 n 1135 — M fpa F unds 
GvlnBt I3J7— 73 Japan n 2677 +1.® Copd 1946 —50 

GwthBt 1893 —39 UKn 237? - J1 Newlnc 1062 

lucGrBt 1474 +72 Cortfn 15.13 +.16 pemnt 1X20—77 

MuIncBt UM - DFAHESWW -JI Perwn 2142— IS 
apMkidx n1045 —72 H»in 10131 +•£ Fojrmln 2370 —20 
(WitaEan 948 —02 GBd TOOJ3 +7? Fascknon 17J8 -79 
dPitoJFln 9.78 - Gwtn l£-15-74 Federated Funds 

BtoteHoRDshmanc £JGv^ 10818 -J4 ArmsspT, 9X - 


MNTEP X17 _ FtxCt 1836 . NMCw n 941 -J] j 

MutlP 1179 +73 FOACt 1815 —37 1 STlncn 9« -71: 

AfTTEp £13 . GvSCf 942 5 U* » 

NewOp 1X71—32 hndet 897—02! V^bn 9.W -74; 

ontop X2B . PTxFCt 1898 +J2iM6gwrsn 1448—16 
PrecMtD 749— X5 SlcCt 7J2 — 12 lMwwFUmta 

Praaresp 640 -74 KIARF 970 - ! &wilYtonl3J7 — .12 - 

Select p 9.M— 71 Kidder Graun; „ i (newne f 1045 —II ; 
Stack p 1970 -76 ARM Gv A1T47 — 71 iMMiM — 

Sir Ago t 1802—50 ARM InslS 1270 » MmfGBi 3^—14 
- 9X3 —01 AstAfiB 1243 — 03 iMHUStrn 11.96 —72 1 

X15 —40 EmMWA 1890 -72 [ M erperFg pnl3j)9 , 

79 „ EmMMB 1078 — 72 :Meri*pin 2893 —46 • 

547 +.06 GtoB»ml7a —11 'Mendl Lynch: _ ■ 


972—09' NdtlJJi 2574 —24 ' 


MunHYl 1874 +71 
MulnsA 1870 -.01 
Montnt 1871 
MuMdt 1042 +71: 
MunMAt 11J9 +71 
MuMnl 1144 +31 
MunMIt 1149 - 

MuntModtlOM +71 
MiMCt 1079+71, 
MunNJt 1876 +31 
MuNYt 1147 - 

MunOht 1143 +31 
MuPat 10X7 


Stack P 1930 -36 
SirAgg t 1472 —50 
StrEbt 9X3—01 
815—72 
79 

X® +.06 


Sr3ct 897 —02' VaEpn 9.99 -74 ’ NtoWncn 343 — 72 iPortatoneASh* I JJAit 10^ - 

PTtfCt 1848— 14; .NchL d n 1829 — 14 . Bori^dX 9^ — « i I77 

Nrfs 779 _ 15 iMaxKFUndsi I wlctwilqt ApeWot i to: EmttVA 1543 —56 Struct IP 1140—72 

SttF 9^ 12 ' EquBYlpnlX27— .12 1 BdGtftfl 1X35 — J9 ! H£dAx 14.12 — .V5 1 SjrtKtBf 1140 — 31 

McSr Grama ~i 1835 —'ll : CtoreGmA 1X18 — 34 SrtGov Ax.Xjg —75 } USGW Bn 944 — 01 

ARMGvATt J7 — 31 1 Prism ton 949— 10 ! CoreGrthBIlll— 34; HDtsA 13J? +J4._tHSBff 977 +33 


1242 — 33 j UdMatA x 946 —04 : Prtidenfidl Insth 


IrA 1279 — 37 1 MlMUAxlO^ -I 
*8 1X06—37; SmCPA 21^—4?, 
11138— 3S LfSGvtAx 942— 07 | 
MTS —J1 PBrtataMCSbs . „ 


AdBdn 1876-36 
Bdn 1888 —01 
Gmstkn U4S— 49 
Income tn 943 
toastie n 1434 +.11 


_ GtoEqCn 1X89— .10] AmarlnA 933—32 tocGtS 1821 —21 BedaiCnxIlJH— S I totSlV;" 1434 
a OiEaA 1535 -11; AdiRAp 947 -31' WWGffl Mfi-'gt SS5«MI -77 , 


GtbFXB 1142—01 
GtoFxA 11.92 —01 


1813 +« 
1178 —SBl 
2331 —17 


AZMA 1825 _• WWtT 18S8-34; 

BalA 1149— 11 Namuranf 1876 -49> 

BasVIA 2127 +72 .North Am Funds 
CAMA 939 — 72 . AstABC pn1898 — » 

... CalMnA 11 Jd _ QGro 1845 -.1? 

MuniBdA18M -73’ CapFOA 2774 -77. GrmhCpn!8M— 20; 


GNMAn 1435 
GtoWn 24.15 +.12 
GBmCo 1873 +71 
Gddn 13-21 —44 
GnttnCh ’X85 - 

Inoomen 1333 
Wernofl n4348 +71 
UrttBdn llg— W 
LotAmrr 2038 —75 
MATXn I3 J3 
MfldTFn 1071 +32 
AAMB 837 - 

NYTXn 10J7 - 

CHTxn 1245 +72 
PA Tax n 12J5. +7? 
PaoOPpsnl673 + 37 
OuatGrn 1X25 —13 
ST Bona nil 45 -73 
STGWn 11.11 - 

TxFHYn 1146 
Value n 1241 —78 
ZertSOOn 1141 —01 
SeafiTttIRA: _ 


CbbhD 938 —25 SpdSVn 1530 
948-25 TaxEx n 1036 
oSSa 937 —25 UggvTrj 1148 
E^rfdnt9749— 77 Va®rT0 937 
EnePvA 1891 +■» V wtt • , 
GErtflYB 1887 +32 A*DynBteJ8 
GvtlneA 13.19—01 AdoAp 1373 
GvtfnB 12.17-31 Cffi^p _ 


AsfaAp 1373 +47 

Gasp 

GoWResp 540 -J4 


824 —76! UnvGW U3S — « 


InvTrAP 826 —36 WrKfinco 831 —77 
InvTiC 838—06 WlkmnpM XP — J1 
NYTFAP 736 +72 tMOmsHtt. 
NYTFC 737 +32 CATFAbMJO —71 


1478-34; E0lttYCnl544— 56 ; PWHW» Rmdfi SBOMIRA: 

1876 -49 < GvtmcC 941 —08 AmGovp 84Z - AssetA 1337—05 

Mdto 1 HY^taCnM.12 — 14 ArSApx W3S —03 BK3l 1641 —10 

11898—® ln!GvtCnx9Jl —06; AsioAP 1804 +32 Bond 1872 

1445 -.13 inttCn 1X46 +45; BIGvAp 473—01 Secwky Funds 
IMS— 20; LMMtC 944— 06 1 AZTE B75 +31 Bondp 7.14 —73 


SmaflCapBXSp —36 

SfPdmaB Funds 
Amlndn 135—74 
Assoc n 36 —M 
Invest n IJ2 —73 
Oceans n 113 —'4 


ASetAlX37— 05 StetolwWs M 

BSOi 1641 —10 Cr»Oppn3037 —71 


Gvtlncn 945 —01 
HyMunn 1896 +72 


CMMP 1816— S 

GnrthB 1819 „ 

WYWAp 941 -si 
WYk»t 441 —06 
In TFA p 1837 +72 
tnTFBf 1834 +72 
MIMIMPMSO +JB 
MutncBt 1878 +jn 
PA TFA 01671 +xa 
RATFB 1X70 +71 


SSSa 11.17 —61 . CbnsuHp 1248 +23'' GrlficC 011129 —JO ; MIMliC 1854 -71 [ O ™** P 820 


ffi p p GffiSS: sS^p 'dsss Lfiffr" 1727^! tzzr* '745 -s kskTu -a: sar?.i& - 

SSP U :s : SW! 


5.42 —74 
1851 +3? 
7.19 —15 
9S. 


income n 9-g —74 STGjAp 849 —e 
I ntmSdn IS7 -M STGBt 849—72 


InIMUin 1173 +^1 -SSaSnAp 1238 —22 
tofln 943 +.16 5tatnBt 1238 —21 


income 946 
ASMFdn 9.67 —76 
Accessor Funds 
IntFxJnn 1148 +71 
AccMCflsll-85 +31 
Shrimpy 11.97 —01 


878 

1740 —17 
1170 —.18 
7J6 +2B 


LCoptot 1234 +.18 
PocRim 1674 +44 
LISLoVd 1831 +73 
USSmVal 1141 -76 
DodBe&Gox: 

Baton n 4543 —.19 
income n 1138 - 

SMCkn 5235 — 


Annin 970 
ExchFd (17820 +31 
FWlSn 1839 —01 
FST1 Isn 848—01 
FGROn 2X52 —.06 
FHTTn 872 —13 


NJTFp 1240 +75 
NYTxFrplA32 +73 
PATFP 1127 +72 
speesa 114? —1? 
SBStp 17.15-44 
TaxExPt p 974 +31 
TotRetp 1141 —11 
UtOlnCOP X18 +71 
VATFp 1X12 +7? 


10JJ7 — 72 FirstMUt 896 -32 | HttCrB 


US Trend 1x88 —2-5 iDomSoaal 1144 —08 


NrgnsITF 948 - J CnrfJnnJ Ptldte Dremcm Funds 

ORTF 1031 +31 ABBOm 935 — 30 Co«m 1X56 +.17 

TxFUT 938 +71 Balanced 9.M - WRto _ 1543+37 

muinas Fund: Fund 1241 +31 SmC»Vd nT866— 01 

Batoncen 94? -71 GovKWta 821 — 02 DWIIbi ^ 

Eplncn 933 +.14 CixflCo 1X89 —71 A Band n 14.10 — 74 

FMncn 941 - QxneaOKTE9jT— 72 APfec no 1414 —/a 

rch Funds CnKBIA 1540 + 30 AssetASnlX39 — 72 

Bal 9.72 — 72 CnKBIB 1537 - 30 Balncd 1371 -75 

EmGrth 1143—16 CentumGp 847 —15 CoITxn 1449 —31 


jz FTTSSP 1807 —02 FirstOmttta: 

—.12 Psigttsn 1035 —71 Emmy It 1813—13 
1174 —78 FsiahtSSpl835 —71 F«*ncn 974-31 

n*., ,, FSTn 2495 +.10 51 FxJnn 937 

1HS T-Jg FSTlSSa 878 —01 FPDVASJ P 1241 +74 
'Sf?, 4- -*™ GnmalSn 10.98 —.02 FPMuBdPlITl +31 
111046—01 GnmaS p 1898 — 72 First Priority: 

.... .. RflfS5P 1039 —01 Eou.tyTrn10.24— 15 

Jf’S — (AIT IS 1047 +74 FxdlncTr 978 
\* A * — 2? MaxCOD 1134 — 72 LMMGv 937 
239 — ® Minicop mi 42 -.19 First UdOR 

— n? ShrtTerm taiB +JH BalTn 1144—01, 
}$*> —71 us Govt n 931 - BaChi 1144—02 

JHS S 5BFAP 1679 +71 BcBp JJ44 —01 

FxInBpx 9.94 -76 I 

FxlnTnx 9.94—76; 


T Global: tavSer OjSSfd: \ Mine 937 —02 ■ DrcSA 1X80 -49. Rxton 

Arwerp 1830 -.10 CnpGrl 1X« -73 ‘ tn«g H.W --M' EuraA 1546 -34 GrBt_n 

EmMkt 1544 + 72 QuoiSlk 1X74 +74 1 NYTFnp 1872 -75. Fed5ecAp?48 Wof 

ErnMklB 1X59 +72 1 , USGvt 941 -JB . USG v n 941 _ , ^MA »■* -71 WTsiE 

Etrawp tan +77|tavesax __ Lodt#I tovwtor J FdFTA HR-7 tongtr 

EuruB 10.65 +77; P ynmp 1X9— »l Alocp U48 +71' «A1A 13^ +® 

GvIncA 934 — .03 Emarthpn1176— 39 1 CapAp 2774 _ I G ffl dA 8« — ^ trt&& 

GvlncB 934 —73' Enetyyn HUB *40, StssP 1242 —06; GtCvA 1C4? — 73 SelEan 

GrfncAp Xll .1 ERvtnn 634—77 tntP 1X47 +.12. G»«A 1XK — 71 SmO« 

GrlncB X12 Europe n 1X13 +31 ! AAgdlP 1873 —75 GiRsA 1497 — .05 . TxExjd 

HItCrB 1837—47! FinSvcn 1X33 +.13* SdGtp 1630 —JO GXttA 1X70 +.17 .USGovt 
HilncB 11.93—36! Gatdn X25 —38 1 TfBdP 1130 - 72: GrtRA 1779 — 39 ■ Nanratfl 


GvIncA 934 —.03 
GvlncB 934 —73 
GrfncAp Xll .1 
GrlndS X12 
HHCrB 1807 -47 ! 
HilncB 11.93 —36 ! 


938 -71 1 
1452 -31 
1X2B -SB 
942 —73 
1G47 —73 
1X10 —71 
1497 -.05 . 
1X70 +.17 


970 — S2 ■ Pasadena Gram I EnRsAS 1X79 +30 
1806—79: BdRinA 2845 —11: EainAp .Xffl +73 
973 — W ' GrowmA 1492 —IB | EnGrAp 11® +.11 


InTTxEn 999 - 71, PEKv 1X22 


totlEan 1814 . 'PuxWortdnl373 — 73 ' FLTxA B72 

IFxtnn 951 . PcysaTBInll45 —TO GeaAp 1X29 +75 

trfGr&maia -.15 PeochTSd 9® _l g©vAp 1437 —77 
SeSEan 956 ..PeoctiTEq 9J0 ©GrAp 945 +.10 

SmCnGrn 956 — ^ 17 PeUconx 1148-16’ GrtaAp 1X13 +76 
TxExPtn 957 -73 PBoCOjA 545—®' NBhAp 2494—29 
USGovtn 954 — 71 'PAMuMp 14179 -73 j WYdA px 1X57 — 22 


DwfnApxlX15 —16 Ultra X84 — 18 
EnRsAS 1X79 +30 Setactwi Funds: 
EainAp 843 +73 AmShsnpl420 +31 
EaGrAp 1179 +.11 SoGhsno 976 —06 
Fedlnooc 949—05 USGOYpn 881 +.01 
FLTxA 882 . 5eS0man GRMP; 

GcaAP 1339 +75 FrxnfterA 1870 —36 


_ I LtdAA&in ?J6 „ I TxRfBt UA +76 


MpdMun 835 +72 TxFrHlApl448 +75 
PrtmeEu nt415 — 74 USGvfit 1458—75 


XA 872 « 

HP 1339 +75 
>AD 1437—07 
■Ap 945 +.10 
AP 1X13 +76 


5p*dn 
Stuck n 
TOHRetn 


CapFdA 1X11 —59 
COTXA 730 +31 
CmStkA 1276 +73 
ComunA 1X52 —97 


BManp 1141 — 75 
GrEqp 1196 —35 
IniBd 1810 
UMGavAri936 — 01 


2X31 — 75 USGv Ao 145? —05 
§40 —35 UTOvAp 1X20 +76 
2X61—30 UtUBt 1X19 +J£ 
ends: Vanoi CxduDBe 

1141 —75 COpE 16476-472 
1X96 —35 DepBttn 8X86 —a 
1810 - Divers nl66J2—lJ9 

1936 —71 Ebas 197J2 —63 


HtthCr P 1816, 


11.94—36' Growth np X2o — .13 , Laurel Trust: 


urowmnpMU — .uiunnimc 

HSnScn 3376 —31 ! BMncd n 934 —72 ; 
HTYld np 677 —10 Intminn 1046 — 71 


1046 -.11 : indlnco nplLSB —77 


Japan p 1X12 +35] IntGavn 1X28 —02 | 


Insttnp 976 
LntEoA 1142 -.19 
MIMuA 930 +31 


Bond n 9.92 —.02 | CAtoS 9.96 + .04 
Growth 1026 - GvlSeC 1070 - 31 

GrwincD 1D3S —01 Grolnc 1X66 —37 
InttGrn 1134 *33 NaMunl 1880—31 
5roCaGr 1824 _ BB&T Funds 

Ataer Fluids: BMBn 972 +71 

Growth t 1937 —45 GrolncT nll71 -72 
incGrr 1 146—26 JntGovT n 943 — 3» 
MMCaGrtlUO —41 SGavTn 939—71 
SmCopt 21.10 -47 BEAFUndS: 

Affiance COp; EAflkEf 21.03 — ,14 

ADanoep 647 —.19 IntEa 1?37 +35 


inKBIB 15^ -30 Batocd ’374—“ ShrtTerm I CUB +72 
enJurnG p 847 —15 CaiTxn 1449 —.01 USGovtn 971 

IrtryShrn 2X95 +.11 cmintn 1375 +® sbfap 167 9 +71 

TiCaoBC 1X97 +73 CT Intn 1192 + 73 RdeEtV Advtsw: 
hesGrth 1339 —59 Dreyfus 1X70 —10 gqpGR 2814 —84 

JMnt WJM-231 EdBfcKJ 12.02 +71 TX04 73? 

NcMilw n!4339 « FLlntn 1371 +74 rsrajifinsc 1*47 73 

TtubbGrin 1X91 -.13 GNMA np 1454 +71 __'gf 

hubbTR 1431 — .09 GnCA 1X03 -72 Gr+OWo2530 —12 

, Jfcpern 4X1B +34 GMBdp 1459 +71 hiMob IUD 

9.96 +.04 I Colonial Fuads: GNYo 1953 —.02 ujYMpn 11 jS — 11 

1070 - 3T irrtEatp 28® +35 Gflncn 1637 —16 ^55” }ifl| -is 

1X66 -37 CatTEA 777+73 GwthOpnl819 — 03 LMTBlDtn +71 
1880—31 Con TEA 735 + 31 imMun np!743 -71 rwrBR I0JV — fi 

K FedSec 1046 —01 Inftrmn 1X74 +31 [«TH 9 M Tji 

972 +71 FLTEA 732 - InterEqP 1X10 -77 ng +32 

1131 -72 FixxJA 802 _ InvGNn I4J9 - ‘oS 

GwthA p 1346 —30 MAIntn 1X89 +38 IfrmOpp 1946 +31 

HiYIdA 649 -76 MATaxnli»3 +31 
lncameAp638 —02 MvmBdn 1X32 +31 EaPGin 2836 —74 

IntGrA 1820 +.13 NJJrtn 1XM +74 ^in 1X^ +10 


IrstPriarBy: LatAmG 2173— 1.14 InttGrn 1655 +36 Lamrd Group: LaWmArlXlO 

Eou.tyTrnlO.24— 15 LatAmGB2897— 1.14. Leisure n 2172 —38 Eaulty 1XM — 10, ^nsA 773 

F xtUncTr 978 - Pocrfp 1X40 -43 PocBasn 1X96 -41 InfiEq 1X83 +.15 MuttLMA 9® 

UdMGv 9J7 _ PocHB 1X32 +.43 1 Sellnan np623 — 04 InttSC 11.15—75' MuInTrA 976 

IrstUcdon: StrdAp 1896—33: T»FreenplX4(J +71 SmCap 1498 —35 ; MNaflA 1809 

BalTn 1144—31 StratB 10.96— 33 1 Techn 2X24—77 SoEq 1594 —35 NJMA 1054 

BalC In HA4 —02 TeieB 1630 —01 TotRtn 1748 —76 SJraYd 970 _ NYMnA 1336 

BoJBp JJ44 -.01 Tcieccm 1639 _ 1 USGovinp 734 —02 LebenNY 741 —71 PccA 72JS 

FxlnBptc 9.94 -36 Wldwp 1677 +76 Ultth 934 —10 Lee&Pern 1852 —78' RAMA 1077 

FxInT nx 9.94 —76 WMwB 1637 - .06 VolEg 1678 —34 Leva Mason: = PhmA 1X04 

HrGtfTFBDlflJO— 73 Gatwffi Funds: ‘invPflnD 976-31 AnwrLd p 944 -75 : ScftTA 1573 

HlGdTFCtlOjO —03 ABCp 1810 —02 InvPfNY 1179 - GWGavtpx946 — 77 ; SfrtJvA 1236 

MnBdTnxXTS — 75 Asset np ZL53 — .13 JjpvTiGvtBt 9J2 — 72 GvttndnpiaDB — 32 • ST CHAP 839 

NCMunCt 957 -73 ConvScpnllXl -75 ilstelFd np 1441+32; HFYldpx 1451—131 TechA 574 

USGvtBp 9J2 — 01 Etuncp 11® +33 ;jp Growth 1630 —131 tavGrnp 975—01- TXMA 1837 

USGvtCr 9JQ—01 GtoltCPn 975 - IH I JP Income 939-31; MOTFP 1545 >' WhttncA 874 

VrtueBp 17J9 +.15 GICBnvn 1834 — .11 ! JPMtnttfc i PATCp 1X80 +73. AifiRB 946 

ValueC to 17.19 +.15 GiTelP 9.69+75' Bontfn 954 —01; Splmnp 21J9 —JD AmerlnBI 9JQ 

VolueTn 17.19 +.15 Growth np217S —IS ! DivertiWn978 +33 1 TxFrtrt p 1493 -72! AZMBt 1825 

rstFdFn 956 —73 SmCooG 1647 — 24 EmBMkEd*t7V — 37' TctfRetnp 1352 — 03 • BalBt H46 

tog Investors: Mahxo 1134—03 InflEaty n 1059 +J2 VaTTYna 1860—76: BosVtBt Z1C3 


1734 —76 . MNMuA 1818 -72 GvttncA $37 —73 


EoPtnc 1574 +79 
GMfieSC 16.47 — 72 
Gov top 933 —.01 
GrwOPP p2X30 — .12 
HIMup 1130 +73 
HiYtdpn 1142 -.11 
IncGtp 1471 -78 
LM TER p 9.93 +71 
LtrfTHR 1059 — 71 


1 Techn 2234 —27 SpEq 1X94-75 
TotRtn 1748 -76 SJroYd 9 JO 

I USGovtnp 7J4 —02 LebenNY 741 —71 
Ufrtn 9J4— 10 LeebPern 1852 —78 
VatEa 1678 —34 Loao Mason: 

1 InvPfln p 976 —71 AmerLd p 944 —75 


me LatAmArlXiO — Ji 

1378 —10 , MnlnsA 773 -31 
1273 +.15 MutlUdA 979 
11.15— 75 1 MuInTrA 976 -72 
IA9B —25 • MNaflA 1809 -71 


1594 —75 ! NJMA 


LtdTE! 9.93 +71 FrstFdFn 956 —73 
OvseaP 1182 +72 Ptog Investors: 

ST HP 943—03 EmGthp 1171 — 53 


_! NYMnA 1136 +71 NuvMO Foods: 


1779 —J9 Narwest Funds: Pertormonce Fds: HYAdtnc ? J3 —19 

377—75 ACSUST 974—71 EaCanp 11X7 _■ IncmApx 6M — M 

976 _ AtfGavA 973 —02 Eolnsn 1137 IrtvAp 7.77—18 

1143 -.19' COTTA 941 -72 InBCn 977—31. SAnlnAP &49 

9 JO -31 GvttoeTr 9 J7 — 03 InHIn 957 —31 ; MaTxIl VilS +.01 

GvrtncA $37—73 MCoGrln 940—14 MITxIlP 888 +31 
timmc Tr 9 73 —02 STFlCpn 973 MuraAp 874 +73 

IncameA 9 J4 — B2 STHln 973 MnTJcllp 876 +31 

TFtoCA 953 . Perm Port Funds: I NJTXAp 880 +31 

TFtocT 953 PermPTn 1644 — X2 NwOnAp 2X19 — 57 

VatoGrA 17.11—50, TBtHn 6X11 +74 1 NYTxAp 872 +74 

ValuGrT T7T7 — 31 VBondn 5440 +72 | NYOpAP 841 +71 


mcameTr 9J3 —32 
IncameA 9J4 —02 
TF IncA 953 


HYAdtnc 953—19 
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IrtvAp 7.77 —18 
MrilnAP 849 
MaTxIl 975 + 71 
MtTxliP 888 +71 
MurdAp 874 +73 
MnTXItP 876 +31 1 


VaUitaneflxai —77 ExFd 235J1— X92 

CommunOliK— S6 Stratton Funds: FUEx 13845—112 

FLTXA 747 —31 Dh/Wend 02655 —IK ScJ=ld 123XZ- 

GATxA 742 +73 Growth n 70.12 +.15 V a nguard Grom; 
G8dEmrv®031 +73 SmCOPH 2X97 — ® AdmtTn 9JO 
GtEmgO 1074 +73 9rM0Pmde AdmLTn 9 JB 

GrwthA 571—14 Advhjn 1079—71 AdmSTn 975 
incamaA 13J9 - AmUMn 943 +.14 AssetAn 1X73' 

InosneD 13J5 —01 AsiaPacn 974 + 74 convln 11X1 

InttA 1451 +X3 OnSttCD 174B — « Eatocn 1273 

LATxA 811 +31 Discovn 1651 —24 Explorer n4X76 


PsitCGn 1119— 78 1 OTCEd 1059—29 


CAtosx 1038 —03 ptaa Fund 634 — M, OhTXQp 879 +.01 


MnBdT nx 9.7S —75 
NCMunCt 957 -73 
USGvtBp 952 —01 


- GftlGavf nx946 —77 ; 


1X04 — X3 
1573— 14 
1236 +.10 


CAValX 10 C7 —73 ' Phoenix Series: , 

FLVaix 970 —05' BaianFd 1530 —061 


PATE 9 JX> +72 
TxExAp 873 +31 
TFlnAp 1440 +31 


tnccmeD 1X75 —01 
InttA 1451 +33 
LATxA 811 +71 
MnssTXA 7J8 +71 
M0TXA 774 —01 
MTTXA 842 +71 
MinnTxA 7X7 
MOTxA 751 


AdmtTn 977 —01 
AdmLTn 9JB —02 
AdmSTn 975 . 

AssetAn 1X73—03 
Convln 11X1— 17 
Eatncn 1273 +X2 
Explorer 04X76— 47 


GovSca 1074 — M 1 Morgan n 1133— 25 


Growth n U71 —IB 
WYlMu 941 +31 
Incan 942 —35 


train 1812 —38 
xavn 1X33 —os 
ARn 1X11 +33 


GvttndnpiaDB —72 ■ STGtAp 839—31 


HTYld px 1451— 13 i TechA 
tovGrnp 975—01- TXM fi 


InvMunx 1CL22 —03 , CalTxEp 1375 +73 i TFlnAp 1440 +31 

MOVttX 9X6-72 CanApp 1815—15' TFHYA 14X2 +73 

MAlnsx 973 —03 CvFdSer 1751 —11 : TFHYBt 14X2 +73 


NattTxA 73$ +71 
NJTXA 753 +31 


TXMA 1037 -31 
WldincA 874 —08' 


574 —29. MAVSIX 945 —73’ EatYOPP 7X9 —10 1 TFlnBt 1442 +72 


VolueTn 17.19 +.15 


SmCaoG 1647 —24 ( 
Value P 1134—03 


Cnstvfnv 1049 -72 BJBlEaAP 1154 -78 
CpBdBp 1X04—17 BNYHamOfao: 
CoBfJCp 1374—17 Eatocn 1072—11 
Count p 1649 — M IfflGovt 955 —01 

GlbSAp 1130—15 NYTEn 9.91 +73 

GavtAp 802 _ Babsoo Group; 

GovtBp 802 _ BondLn 154—01 

GavtCa 402 +31 “ ~~ “ 


Grolnc p 2X9 —73 
GwthC 2073—43 
GwthF a 2X59—50 
GwthBt 1*372—43 
Grinds a 2X9 —73 
GrtnvB 1145 —12 
InMA d 955 +72 
InsMuB 976 *72 
InsMCp 956 +73 
InttA p I&09 +36 
MrfuAp 844 +72 


Bond 5 n 977 - .02 ; 
Ententtn 17.18 — J6, 
Entrpn 16X9-751 
Gwthn 12X4 -72 
Inn 1X44 +32 
Shadow n 7276 — .14 
TaxFrSn i(L66 -72 
TaxFrLn 158 -72 i 
UMBBn 1092 -72 I 


MATxA 745 
Ml TEA 6X6 +7) 
MNTEA 898 +71 
NatResA 1243 +76 
NY TEA 67$ +73 
Oh TEA 776 +71 
5mSflt P 1747 —.16 
StrtincA 896 —74 
TxExAp 1X11 +71 
TxInsAp 7X6 +.01 
USGrA 1141 —06 
USGV A 849 —01 
UIOAO 1235 +.03 
CATE 31 777 +72 


NJ Munn 1X02 +72 
NwLdr 3X44 —45 
NYTTxnp 11.19 —31 
NY Tax /l 1491 —72 
NYTEp 1754 +JB1 
Peooindt 1533 +78 
PfiOMfdml652 —30 , 
ShlnGvn 1131 —71 , 
STIncpn 1275 — 72 I 
SWnTP 1372 +73 
ThdCnlrn 770—15 
USTInt 1256 — 72, 
USTLng 1448—73 
USTShn 15X6—02 


SfraTOpp 1956 +X1 tototp 10.09 —01 
idefilv htsfllufc InfTrp 1X95 +.14 

EqPGIn 2836 —84 MMunip 10X5 +74 
EdPfln 1X13 +.10 QualGrp 1235 -.12 
IShlGv 954 _ TeHncShpl2Ja +72 

LTBIn 1040—01 TatftTsyp 940 
hMBv Invest: Votoep 11.16 +72 

AarTFrn 1143 + 73 Ftagshlp Group; 
AMsrn 1451 —.10 AATEQP 1852 +71 
AMarGrnT354 —17 AATECp 10-51 +71 


—S3 Gcdaxy Funds 
—01 Asset All nli. 58 —78 

+ .14 CTMun $.60 +71 


Splnvnp IU9 —jd AmerlnBI $73 —22 
TxFrtntpim +72! AZMBt 10X5 


Ml Vdx 1800 —721 Growth 2043— 111 TexosP 886 +71 
MumBdx 897 — 72 , hfiYieht 867 —06; USGvAp 12X0 +73, 

NJVdx 9.91-31 InGrAp 936 - UfflAp 9.11 +37 1 

•iwi»> WIU R1 Wbttl lit 1 Vbtaln 732 —X5 


OhtoTxA 802 +72 
ORTXA 742 —01 


VafTYnp I860 —76 : 


5T Bond n 9J5 — 02 Lexington Grp: 
5maflConl823 —19 CnvSecn 1X66 —08 , 


BalBt 1146 —12 _ .. . 

BasVIBt 2373 -72 PAValx 942 —02! AlhllFTBP 1254 —07 AsJaBI 1X98 +3] 
CoINtoBf 11.16 -■ VAVdx 979 —73 StWkFd 13X5 —73 ! BIGvBt 4J3 — 71 
CAMB 937 — 72 OVBFOMfS; ; TEBtJ 1090 -JM j CATXBI 820 +7) 


NJValx 9.91—31 
NYJnsx 1376 — '73 
NYVttx 1079—73 
OH Vdx 1077 -73' 


MufFlAp 1256 


1243 +.19: VdvAp ll.H—22 


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AsJaBI 1X98 +31 


CTMun 9.60+31 SHEqtyn 1047 +71 i CL* 1234 -.15 
EaGrth 13X9—10 Jadisan Ncfiaaafc > GNMAn 7.96 -71: 
EatVaJ 1258 —.18 Growth 1041 —02 Global n 1372 +.11 


PATxA 7.70 +73 
CAHyTxA 637 
CAQTxA 649 —01 
SCTxA 7X6 
USGvtAp 648—01 
HiYBUAp 645—78 


Min 1XM +.11 
tavttn 1835—78 
Munffldn 957 +31 
Qpatnlyn27X2 +72 
STBondn 9.91 —74 
ST Munn 1075 
Toftdn 2342—38 
iSaeAnwrla Fds 
BalAsdA P14X7— 88 


1052 +72 Trtntln 3242 +47 
1348 +.11 I TrUS 2952 —94 


THIS 2952 —94 
STTsryn 1078 —71 
STFedn 1074— m 
STCOrpn 1040—01 
ITTsrvn 1076 — oi 
GNMAn 9.93 +71 
rrcornn . 93B —72 
LTTsryrv 942—71 
LTCorpn 852 —72 


HfYBdAp 645 — 78 EmGrA p 1658 -43 
ientowl Grotto: EmGrB 1652—43 

BatonaedpU54 +75 FedScBP 1816 +3i 


BalAseffipl6X2— 08 HYCorpn 747 — fiS 
DIvtncBp 4X1 ’ Prefdn 847—75 


CauFdBI 2731 -77 CapAjtoAn957 — 36 , TotRetp 1578—75] 

CnHIBf 755—09 BnGrttiA n933 -42 USGvS 9J8 _| 

OnvGdB TI.14-72 GcvtS«CAn941 — 72 ! WffdQpp 1043 +73 
CprTBt 11.79 —72 QdcHcfln 1117 — 47 iP i er P onfFdE 
DraoBp 15X4 +49 Oafcrnr* 2X12 -TP! Bondn 9X6 —31 

Barest 1449 -X3 Odanntt 1460 +JU| TEBondnt137 +74 

FedSecat 948 - Oberwws 2059 —48 EmoMEalflX7 —07 

FLMB1 9X8 +31 OccanTE p lOAfl +72; Eauttyn 1894 +72 
FdFTBf 1440 — J2 Offiftvn 958 —76 | C0PAppn2142 — 42 

FdGrSt 942— 79 0Wtoff MUM -48; tartSa/i 1127*03 

GIAIBt 1X12 -71 CHdDomln 1931 +37<PilBaxEG 12X7—39 
GfficBf 942 — 33 Otympic Thjsh , Pferim Grp: 

GtCvat 10X3—03' Balancad nl542 —73 ARStll 7.18—01 
GJRSBt 1491 —35 i Entnan 1538+77 1 ARSIV 730 —71 

GOtlBt 1247 -.17 fnttn 17X2+77: AUSf-A 657—72 

GriRBt 16X9 — X7 LowDurn 977 —01 ' AtfiUSIV 7.13 —02 

HeotthBt X55 — 74 ; One Grom : ARSl 778 — 7T 

InTtEaBt 1136 -.18 AsefABp 943 —73; ARSl-A 7.11 —Ji 

GfrfeJB 1286 —71 BluCEdA 1258 —12 ARSII 7X2—01 

LorAmSt 1505 —77 • DscVcIA 12X8—021 AdUS 694—01 

MAMBt 10X9 . EalndxA 1144 — 02 i AdSUSII 776 —01 

MIMuBt 9X0+31' GvAimAnVXl _ I AU5UI 746—01 

MNMBt 1814 +72 > GvBdAp 954 -71 ' CWtttP 776—71 

MnlnsBt 7.93 -72 : tocEaA 1X14 +JJ7 GNMA 12X4 

MnLfdB t 949 . InaimeBd 940 . MYWp 617—06 

MuMB 946 +72 ' UltFxl 9X0 —01 MadCoP 1X10 —74 

MNattBf 1078 _■ toJTFA 1856 -71 I STMMII 749 


Eqtncm nllXO +75 Income 9X8 — J? Gokffdn 5.95—33 
HfQBd 10.18— m TaxEx 7a 75 +73! Gthlncn 1540—13. 


IntBd 9.99 -72 TotRtn 1048 -71 
IntEatn 1260 +.12 JanujFimct 


51 Govt n 9X5—71 


CTTCSt 7X5 +31 I Dreyfus Oomstucle 
FedScBt 1046 —31 CapValA 1147 —19 


UMBHrtn$J7 —08 j HYMuBt 9X6 
UMBStn 15X6-761 HYSecBt 649—76 


FLTkHf 7X2 _ CafiifaS3tU32 —I? 

FundBt 802 _ PStgAO 9X0 —.20 

GtEaB 1X15 +JM Ptstayor 9X9 —20 

GwthBt 1X59 —XI Dreyfus Prantter: 
HYMuBt 9X6 . CAMunA 1256 


AMgrGrn1154 —17 
AMerfn n 10X7 
Bahsic 12X8 —76 
BtoeCh 24X4 —.15 
CAtnsn 9.92 +31 
CATFn 11X5 +71 
Conada n 17X8 — X6 
CapApp 1646 —09 
Cap loco nr 953 —to 
Congrtt n 1-0X3 —56 
COntra 30X1 —47 


AZTEAP183S - STBdn 9.91 
CTTEAp 1810 —02 SmCoEqnllXi 
COTEp 956 + 72 TEBandnlCL37 
FLTEp 10X4 +71 Gateway Funds: 
GATEA P 1817 +72 GovtBdn 9.91 
Gfdlbp 1779 —13 IndxPIn 15X7—74 
IrtTEO 1807 + 72 SWRWG 13X0— .13 


MAMuh 946 + 31 ; Bokmce 
NYMun 1&32 +74 1 Enterpr 
STBdn 9.92 —71 • FWTkE 
SmCoEqnllXS —.18 • Fbdncn 
TEBondnl037 + 721 Fundn 


l«t SKSI 379 —25 

Balanced nl 2.1 2 +31 Stlnv 2.01 —.18 

n 2893 —73 J TCBdn 1813 -74 

* ml 75 +74 wra&n 11X3 -7? 

9X3—03 Liberty Family: 


Bondn 9X6 —31 GJGvBf 
| TEBondn 11X7 +74 FLTxB 
EmoMEatfl.77 —07 GIGfBt 


SS.A? ri lra ‘^'50 CnvSecn 1558 —IB 

S£S. SSSS,^^ 


KYTEAp 1859 . GnSecn 12X8—78 

KSTEP 9J2 +71 Gintet Group: I 

LATEAp 1042 +31 I Elisa np 25X4—09 
LtdTCp 11L56 +73 


Fundn 1970 
Grlhlnc 14X1 —18 
totGvt 693 
Mercury 1275—19 
ShTmBdn 292 —01 
Twain 2119 —59 
Vedrn 47Xi —52 
WrtdW 25X5 +40 


Value n . KJ8 -76 inoomeB 6X8 -72 


844 + 72 iBaaanlBiehULKaisef: ' imGrB 


^ 864 +J2 Dwcrson 1258 -31) MATxBr 745 

AAtgTrAP 9X5—71 InttEqn 621 -.10 1 NatReSB 11340 -76 
MtgTBp 9.75 -Jit l IntIPtn . 9.05—10 NYTxBt 689 +73 
MtgTrCP 9.75 —71 Baird Fund£ . OHTxBi 7.06 +71 

MlttGC 942 -76 Adilnc 9.91 -72 1 grtinB i 6X6 —74 

MWnl 175 _ BlChipP 17X1 —JO TxExBt 1X11 +71 

MMSAp 849 — 73 I CanOev p 2X88 — J4 j TEInsBt 7.96 +71 

MMSBf 847 — 74 i Banters Trust: ; USGrBt 1152—06 

MCAAn 9 97 . Ai ! IM&Mot I iiST.rfi . jXi 


CTMuA II XB —Si 
COpGth 1543 —05 
CTMuBt 11X8 
FLMunA 1642 +71 
GftjlnvAnl547 +.12 
GflrfnvBf 15X5 +.12 
GnmoA 1619 
GnmaBt 14J0 


mite ap HX6 +.01 Gtanmede FtmttB 


GtnttFdn 1X80 —21 JapanFdn 1207 +78 


Destiny! I 27^0 -.14 MQTCAP184I +31 Enuityn 1241—08 

DbEan 1800 —46 MITECpIlXS +72 IntGavn 1815—71 

Dfvertntln 11.96 +.11 NCTEAp 1074 - Intn 1352 +X3 

DivGth n 1153—12 NMTEd 959 - 81 Mtmlntn 1810 +73, 

EmaGrarl607 — 49 NYTEP 10X6— 73 SmCtton 1X99 —03 1 

EmrMkt 1651 +.12 OKTCAplI.IS +71 OtreeintA 9X5 — J 01 
Eautlnc 31.93 +.13 PATCApiaft<t +72 GokienoaliDtR72 —15 


AmLdr 1673 -75 . GlBOBf 
CacGrA a 1X90 —74 - GICvBt 
EqlnCApll.il +76, GIRSBt 
EafncCt 11.11 +76 GOItat 
FTWn 18X1 -42. GriRBt 
FTOt 10X3 -71 ; HecfchB 
EBtocBdx 1876 — X2 InltEaB 
MnSc 11.18 -75 1 GfrfaJB 
USGvtCp 746 — 01 i LotAmE 
USGvSecA 7.87 —01 I MAMBI 
UtilFd 1143 - 73 j MIMuB 
UWRJCt 1142 -73! MNMBt 


toffSpn JL27 *33 

SS^ 15 - 2 ’-' 39 ] 

ARStll 7.18—01 


EOiln 1845 +.15 
Eddx 1647 —73 
EiCepApnll40+.14 


TnTEAp 1873 *31 GoMmen 5Pd» Fmtr. 
UtilAp 9.96 +75 COPGr 1550 -h 


MCAAp 9.92 -74l tostAMgt 940 USGvBt 649 —71 

MuCABP 9.92 +74 In&tEcn 10X4-72] utOBt 12X5 +73 


MAMunAll44 +31 
MD MunA1245 —71 
Ml MunA 15X5 +72 
MNMM1A1447 
MOMuBtl245 — .01 
MuBdBt 1X83 +73 

NCMuBt 12X0—01 


MuCA C P 9.92 -.04 IrtyimTF 107) +73 
MuFLCp 9.07 -72 InvtntEq 1373 -.11 
ICATA 1253 . InvUtitn 9.93 -73 

MullCAB 1253 —.01 tnvEqlx 1818 — JS2 
MINBp 948 + 72 BoronAst n 20X5 — 12 
MuOHCP 9X2 +31 Banted FmdK 
MuNJBp 9X4 -74 BascVln till +79 


InttEan 10X4—72 UtOBt 12X5 +73 
InvImTF 1071 +73 Cotumhia Funds 
lnvtrrCql3m-.il Balarttenl7J9 — 09 


MuNJBp 9X4 -74 1 
MuNJCp 9X4 *74 1 
MNYA 9J4 +74 
MUNYBP 9X5 *75 1 
MUNYCP 9X5 -.05 
NMuAp 948 -72 
NtlMuCn 948 +42 
NEurAp 1253 -.16 
NAGvA 973—09 
NAGVBP 973 —09 
NAGvC 972 -79 


BascVln till +79 
Wlrrt " WX3 +.12 


ComStlt n 1448 —14 
Fixed n 12X0—02 
Govt 8X0 

Grthn 25X9—42 
inttSttcn 1116 +.11 

Munin 1151 +72 

Spedn 1943 -77 


1647 —03 UtilAp 9.96 +75 Cm 
p nil 70 + .14 VATEA P 1829 - G8 

1956 +78 Flex Funds Grt 

In 97X5 +31 BondnP 1941—72 Inti 
nJB55— 05 Gtblnpn 9JJ -Mu 
1BJ1 — 12 Growth npIXSO -.13 Sell 
1841 +72 MdrMfPn 5X6 - Sm 

1878—19 Fontaine n 1816 —X6 Goto 


Jenmede Funds I John Hancndc USGvSecA 7.87 —01 

Equity n 1241 —08! CATEf 11X4 . UtilFd 1143 +.03 

IntGavn 1815—31 DisevBt B46 — J7 UWRJCt 1142 +73 

Intn T352 +X3 Growth P 1556 —4* LHrerty Fta a nd o L 

Munlntn 1810 +73 IIACnre 1252 - Gthtoc 1859 -31 

SmCrstn 1199 — 73 LTGvAp 841—71 lnsMuni 1035 +JO 

itreeWA 9X5—01 MATE! 1140 + 72 TFBond 10.28 -74 j MNattBt 1808 

toMenoatcDJMO —15 MoTEB 11.18 +JH USGav 852 _ 

akhnan Sachs FrnJr. NY TE fo 1141 +71 Uttt 1893 +72 

COPGr 15J0 —26 STStratB 841 - LTMFIVp 9X2 -71 

Gib toe 1616—03 SPCIEAP 1683 -41 LmtTrmP 9.90 

Grtnc 1567— 73 SpdEB p 167* — 41 Lindner Funds 

InHEa 17J5 +X1 SpOpsA 743 —28 Dtvn 2557—17 

Munilnc 1X50 +31 ScaSpsB 7JU — X8 Fundn 2246 —20 

SHED 15X6 +.10 StrtncAfP 7X8 —33 Utiln 10X8-75 

SmoCap 19.94—15 StrtncB 7X8 —73 ] looms Sayfes 


MnSc 11.18 -75 1 GfrWB 1246 —01 
USGvtCp 746— 01 J LOAmBtUTS — 72 
USGvSecA 7.87 —01 I MAMBt 10X9 
UtilFd 1143 + 73 j MIMuBt 9X0 +31 
UWWCt 1142 +73! MNMBt 1818 +72 
JBeriy Ftmrackjfc 1 MnlnsBt 7.93 -72 
Gthtoc 1859—31? MflLfdBt 949 
lnsMuii 1835 +JOI MuWB 946 +72 


ConvBt 1872 —.14 
DvrlnS 1x1112 —15 
EuGrflt 1150 +.12 
GeoBt 13X3 +M 
GJGvBf 16X6—77 
FLTxB t 842 
GiGfBt 9X1 +.10 


. J GrowthAPJ349— 27 


cams* p 2853 +X3 HbicBP 744—13 
EmGrp 5X9—18 HHncAp 773—13 
— TEtosApllX5— 77 


GvSecsp 9X7 _ TEInsApUX5 

Growth p 1641 —35 USGvA 8X3 
PATFp 1195 +72 U5GvBp 0X4 
TFIncp 13.03 +73 Values 1677 


GrirtBt 1374 +JM SentrvFdn 1656 — »? 
HtthBt 24X6 —29 Sequoia n 5*44 +42 
HrYMBbc J25I— XI SrumSw S eries 
InoomeB tx6XB— 76 Matrix n 1140—08 


Wtrtdp 12X4 +.14 TARGer. 
entrvFdn 1656 — »? toterBd to 9X1 —02 
equoian 5444 +42 tottEqn 1348 +.13 
svea Seas Series LgCapGrn949 — 10 


7XQ —01 
6X7 —02 I 


AcfiUSIV 7.13 —02 


tnvBI 7X1 —18 
MATxBt 975 +31 
MuniBt 8X3 +73 
MJTxBf B40 +31 


SAPMJdnll.40 —15 
SPOT n 1818 —02 
STGvtn 9X1 +71 
YldPIn 939 „ 


LpCapV 9X3 —01 , 
Mttfikdtn 973 
SmCOsG 11X0 -37 
SmCicV 1814—33 
TairaBd 9X4 —02 
THE Funds 
AdiUSAp 747 —01 
BatanAp 11X1 —09 
BalanB 1148 —09 
BdlncAp 1149—72 
CATFAp 747 - 

CapGrApl638 —23 


778—ffT 
7.11 —Jtl 
742 —01 
694 —01 
776 —01 
706—01 
776 —01 
1894 

617—06 


Nw(tt>pB 12371 —57 rTMFOndE 
NYTxBI 870 +33 GovMed 949 +31 
OTCBt 1852 —29 Gnttncn 1044 -it 
TxExBt 8X2 - MATBn n 9X5 +32 


USGvSf 1247 +73 T&Medn 973 + 


GloBaln 12X1 —13 iForflsFands 


NY MunA 1602 —02 
NYMuBt 1433 —01 
OHMuA 1870 +32 

PA MUB 1 15X8 
TXMuA 2835 +32 
VAMUA 1600 +31 
VAJMuBt 1600 +71 




PrGrthAPl146 —45 Equity n 1850—16 
PrGrthBPlUB-45 BeocHiU 28.90 —0? 


OusrAp 2243—48 
ST/4Jap 898 -31 

f TMtaf 898 —01 
ectlp 2575—178 
Wtdincp 1 47 _ 

AmSouth Funds 
Balance x 1145 — JD 
Bandx 1043 —76 
Equity X 1630 —04 
Gvflnx 9^2 —76 


73 +.12 Spedn 1943 —77 
}7 *08 common Sense 
t Govt 1848 

■2 - Grolnc 1547 —.09 

9X7 —71 Growth 1696 —.15 
1050 —.16 MunB 13X4 —02 
Ctt Compass Capitat 
2 - Eafytnco 1242 

77 —01 FxOtn 1039 *M1 
50 —16 Growth 1853 —18 
W IntlEa 1375 +43 
04.-13 tottn 1046 +31 


GvtSecn 946 — 72 
GroCo 27X1 -^83 
Gratae 21X0 —04 
KYkl 1230 +33 
insABunn llJi +31 
IntBd n 1036 —31 
WerGvtn 9J1 


1540 — <46 
1616 —03 
1567 —73 

: 1^:51 

1546 +.10 
> 19.94 -.15 
Sachs Inst 
948 —01 J 


_ NJMBt 1054 - MiEaAn 1348 +4* 

+72 NYMnB 11177 +31 • LoCOGr 1179—13 
>71 NCMB1 1075 + 31 LaCoVal 1146—07 
OHMBt 1044 -73 LtVotA 1846 
1 PacBt 2142 +43. OHMuA 1047 -32 


1810—04 _ . ... 

STMMII 749 _ BasNumQ15JZ7 —44 Shawmut Fds-Truet: 

J*i ShrtTro 671 +31 BosNum01541 — 44 FxdtocTrn9X2 

B^rAn^OXQ - *^^^^045 —71 GrtoSn- nlUO +71 
EdAgAn 11.99 —07 Fund 11X5 +39 WGvTTrn 9X2 

EaGfAn 1850 —07 GlEa WTO +.16 LTUlCTYn 947 +31 

EqlnA 10X1 +77 GflncA 941 +71 SmCnET 1041 —13 

FXdtaA 9.97—72 Invffln 1836 — 03 *170 TttHfc „ 

totmGvAn$X5 —72 NattTE 1854 - CalMuAplOJO +.02 

NJMuAn 1829 +71 NYTE 1045—01 CpIncAp 1822 — 02 

STTnvAn 9X6 - Ctoport 1&49 +.18 ErnGrA p 1346 — 10 

naetrFOmfc SmCap 1617 —15 FUnSAp 948 _ 

EaJncP 15L89 +40 U5Gcv 1142 +312 GrtocAp 1)41 +72 

Amertcp 1048 + 72 RBBGvtp 939 _ GrowthApllXS— 16 

Bandp 945 —02 RCMFund 20*1 -JB MIGrAp 1032 +.16 
GauGrp 1550 —10 RSI Trust: NdMuApl0X6 _ 

Gold 745 —42 Acted 2617—72 STGlAp 838—01 

Growth a 11X4 —29 Can 3593—37 USGavAp 9X7 +7) 


SIP +36 Shawmut Fds-tavett: 
7.17 —24 Fxdlnctap9X2 
10X1 —22 Gr£qTytnp948 — 16 
f Group: GrtoEqto pl830 +31 

1049 +.18 totGvtmn P$X2 


tdxTdfln 955 —01 
klxSTBn 933 —01 
kfxlTBr 944— 02 
hbBd 1841 —74 
IdxOTn 41X4-77 
IndxExt n 1848 —26 
IdxTOtn 1140— 07 
KbaGren 954—13 
IdxVan MM +J0 
UhcSrnC 15X1 —24 
kixEurn 11X9 +.13 
ktxPacn 1143 +X0 
Idxtattn 42X2—07 
AMfiYdnlOJI +31 
MunMnl2X1 +32 
MttJdn 1058 +73 
MuLangnl047 


MuMbn 1139 +31 
MunShtn 1549 +42 
CAInslTn 9X3 - 

CAtasLTnIOJfi— 01 
FLInstl 1827-10 
NJlnsn ll M +31 
NYtosn 1055 . 

OHInsn 1131 +31 
PAtasn isX5 +JI1 
SPEhrgr 15X8 +41 
SPGafdr 1238—56 
SPHtfhr 31.93—37 
SPServr 22.16 —IT 
SPTedtr 1733 —91 
SPUN 1847 +37 
USGTOn 1446 —13 
InffGr 1867 +49 
WeVttyn U77 +37 
Wefltnn 1946 +.15 
WhdSrn 1339 +.11 
Wisdsll 1644 +.14 
Venter* Advisers: 

... , IncH 5.03—73 
+.16 Mutant 9.17 +72 
—71 NYVen 1149 —02 
RPFBt 610 _ 

RPFGRt 1378—38 
RPFGI TI.18 -71 
RPFCV 1644 —03 


GlabG Apll45 —01 
GrGpAp 1818 - 


. reiHJH D> I • 1 OiOiruul IIANf I NIIWNBII ml * 

tt MaoCcP 1810—04 BastGrwtrtSXS —12 SmCpEtoM40 —13 GvScAp 11.11—72 


LoCoVd 1146 — 371 BafGrAn 183Q 
LfVoIA 1846 _ EaABAn 11.99— 07 

OHMuA 1867 >721 EaGfAn 1050—07 


RegEd*;? 1641 +35 I 
Amantanc 1847 + 32 1 
Ambassodor Htt 


SEmgObt 974—13 tottFI 1866 
enchmadtFimds: MunBd 10X4 

Batoncedn948 —38 nj Alton 1889 

952 —04 Shrttot 10X1 — 

D+yGrAn 10.15 —.14 composite Group: 
Eq^tAn 045 -71 BdSTKD 1146 . 

SS;K:S SSfiS. ■■ 
Sffi5f» n rnf 

SIMA; Ml - USGav p 1IU3 ■ 
SmCatA 1174 — X0 cunestoaa Funds 
JtiGyAn 1956—01 Equity 1442 ■ 
USTidxA ni963 . man 1821 


& P p;| 

Income a 13M —04 
InvA 2046 —16 
invBt 20X8 —16 


R38Sn n 

iSSfitn^^S 

LMWton 9X4 +72 
LawPrr 1741 —08 
MlTFjt 11X9 +74 


AstAUp 11M—4S GovAb P.P0 . 

CapApp 2251 —93 ShfITF 9.92 +31 

Capitlp 16X5—49 ST Gov 930 —72 

Fiducrp 2757-36 GoveO Funds 
dhGrthp 1887 — X3 DvtPBd 816—03 

Govtop P 28W— U3 ’wd —75 

WYldp 854—08 InttEfl 1852 +.16 

TF MN 1814 +31 PtcStu 939 +48 

TF Nat 1051 - - SmCas 1610-53 

us& W9-m%3& n *2£s? 

- r 941 —06 OHTFp 17- “ 


AvTech ML52—X5 
EnvmAp B4j— .10 


1840 +31 Bondn 1170 —03 i snOvBt 12X5 -79 ! 
=r**dms GfcBdn 1862— JH- TechBt 4XS —33 
1852— XS Growth it 1848—19. TXMflt JOJ7 +31 
843— .10 Grain n 1246 —31 | UtttoBt 843 +72 
891 —02 taflEqn 1236—03- WkllneBt 8X3 — 78 I 

as j jaajsr” roam* j 

, assfjg*3 TiBasgs-"- 


1866 +31 Dupree Matuat 


MunBd 1834 +33 IntGovn 1809—72 
MJ««n 103? +a| KYTFn 7X0 +74 
5.19 — -S'? 


LowPrr 1741-78 Fortress tovst: EstVn 

MITFn 11X9 +34 AdjRtt 9X3 - Gavin 

MNTFn 1865 +31 Bandr 941 —36 OHTT 

Mtopelian 69X8—1X7 GlSlm 8X4 - OppVi 

MkJ1ndnr33_l2 —36 Muni net 1046 +32 GHMN 

MftScMK .4 :£££££ 


8X1 —02 

as=s 

1732-1.13 
1575 —17 


Growth p 1237 +34 Flexp 5136 
incoFdp 8X2—03 Income p *699 
NWSOp 14X7—28 AAultMtx 39X1 
TaxEx p 743 +31 Fta e n V Onsste 
USGav p 1813—01 China P 836 


KYTFn 7X0 +34 
KYSMta 519—71 
EBI Funds ___ 
gwOyp 935 —16 
Flexp 5136—19 
Incomep *699 —72 
IWtatttlx 39X1 —10 


Muncoln 870 +32 44 Wall Eg 647—10 

ffis?*” ns :s , W5 u, %6-j D 


1814 —08 

9X4—08 BtaAn 1811 +m 
1036 -73 BalBp 1812 +32 
314X5—02 BondAtp 1459 -74 
unds Baras U5? -74 
10X1 —10 IdVAp 14X2 +34 
11X2 +45 tnvSp 1*X2 +73 
1138+71 USGvAp 932-31 
2736 —32 USGvBt 931 —31 
2822 —36 J&VBcl 12X2 -38 
9J6 -31 KSMut 12.15 —06 
9X2 +31 KSIMutaLt 11.99 — 06 


NewMktn 936 -.16 InvSIfc 241 —13 
NewMIll 1133 -XI ME Bod 10X5 +32 
OTC 22X1 —76 TffltSvr 1031 +72 

OhTFn 11.13 +72 Founders Group: 
Ovrsea 2B52 +X4 Bal np 880 —05 


846 +48 
FLLMP 951 - 

Govtp 9J2 —03 
NatlLtdp 

NattMunp 941 +74 
EBtaaVMarattun: 
OHLMf JX6 +32 


9X7 —.12 Benham Group: 


Bondn 950 . AtaGovn 972 

CUreGrFnli97 —36 CaTFIn 1078 
Growth n 12X3 —43 CaTFIn n 957 
IdxSPcn 1148 —72 CaTFSn 1811 
totBandn 9 .55 _ CalTFH n 896 

InttSttcn 1892 +.10 CnlTFLn 1DJ0 
SmCoGrnl353 -46 EqGron 1151 
Amtxnsodar Utv: EurBdn 1045 

Bondn 9.50 _ GNMAn 1838 — 71 

CoreGrn 15X6 -46 Gatdlnn 11X6 -33 

Grwthn 12X2 —43 IncGron 1445 —83 

totBandn 9-S LTreasn $.19 —03 

toflStkn 12X1 +.10 NfTFln 1856 +73 
SmCoGm1342 —26 NlTFLn 11.19 +31 
TFhdBdnmiB +31 STTreasn 932 
Ambassador Ret A; TaT9«n9334 
Bondi 950 - TarZOOO n 6722 

CoreGr 15X6—26 Tar2O05n 4631 
Grwth 12X2—43 TarXOlOn 33.14 
intBond 955 - Tar20l5n3446 

tattSih 1191 +.10 Tar2020n 1637 

SmCoGr 1352—26 77 teten 1010 

TFlnlBdt 1818 +71 UHltocon 9J2 
Amcore Vintage? Berger Group: 

Equity 1*75 —76 100 on 15X9 


«dt«n Grows LtdAAOt 1849 . 

AtfiGwn 9X2—71 Conn Mutuab 
CaJRn 1078 +73 Govt 18X9 +71 
CaTFto n 957 —71 Grwth 1430 —IB 
CaTFSn 10.11 +73 income 955— m 
CalTFH n 896 -71 TntRet 14.13 —79 


RealEstn 13J 
RetGrn 17X 


US Govt 437 _ 

Lord Abbott: 

I AffiHdp 10X3-73 
BondPubp943 —10 
Deve«5thp9X5 -49 
Eq 1990P 1370 —76 
FdVofluB 1253—05 
GEqp 1260 +.14 
Gllncp 836-72 

tSrp 0 1Q38 I 


I 2162 + 33. OHMuA 1067 -721 EaGrAi 
3f 1087 - SmCoGr 1658 -^11 EqlnA 

It 1250 —23 TFBdA 969 -72 i FxdtaA 
It 839 —31 lllCora 9X4 —01 • totmGvi 

t 1544— .13 .UlCcrNC 1009 -731 NJMuA 

It 12X5 -79 lOppeobeenerFd: , STTitvAn 9X6 

it 4X5— X8 AssetA p 125a— 10 Ftaneor Fund: 

If 1037 +71 GA TEA p 939 —77 BttoCP 
t 863 +72 CtpHYP 1255 —11 Americi 
St 873 -78 I DSscFdp 3534-171 Bondp 

tot 1883 -31 • GtBidp 1931 —80 Growth l 
J to 10X6 . GKSrp 1434 -73 income l 

10X6 GtobEnvplOJO— 24 Europe P 
SfnteSfc GtobdAp36.w *78 PioraFdp 


GwthA p 1814—11 
HUncAp 968 —77 


MEoAp 1549 +4S 
tatBoB 001562 +44 


EqlnA 10X1 +77 
BoflnA 9.97—02 
totmGvAn$X5 —72 
NJMuA n 1049 +71 


UdUSA 1173 —71 
MOSSTAP15X8 +72 
TxExA P 747 +71 
VolueAp 7X0-72 


CalMuAplOJO +32 IRAK Funds 
CpincAp 18X2— 02 totrFxn 8 


Ealncp 1589 +40 


sa»- B, 5MiS 

CanGrp 1550 —10 
Gold 745 —42 
Growth a 11X4 —29 
incomep 969 


Ast Alloc 1871 —10 
GBGlntl 1132 +45 
Bondn 1178 +71 
PmkAv 2776 — X2 
Stock p 2822—36 
TaxEx 9X6 -71 


TFCTP 9X4 HilncB 6X2 — 0* 

TkFrGd p)845 +71! totlEaCp 1041 -.16 
TFFLp 433 -I ItalFxtot 802 +73 


CanApA 975 —48 
C&PApfl 970— SB, 
CapApC 979—29; 

latocC 1145 —.11 j 

KSsrSg-Jii 

GovSecA 779— 01 1 
HilncA 6X3—04. 
HilncB 6X2 —04 ; 

MgdAstB 888— .10 i 


1849 +.18 EmGfA p 1366 —10 
16.17—15 FLIiRAp 948 _ 

1142 +72 GflncA p 1)41 +72 
979 „ GrowthApllXS— 16 

I 2041 — X8 MIGrAp 1072 +.16 
NatMuAp1fiX6 

26.17 —72 STGlAp 2X8—81 
3193 —47 USGovA p 9 77 +31 
3449 —76 StaaetSBled: 

2SX3 +71 MDMultniaj4 +73 


InttEqn 1041 +.16 
tattPicn 821 —01 
LoGrwn 948—23 
LoVtan 8X2 +M 
MtgBkdn 770 +71 
Munin E®l +71 


Munin 8M+71 RPFCV 1674 —03 
SmGrwn 12X8 — 47 Victory Fund* 
SmVotn 877—12 AaerGr $57— » 


Gcfcfp I3LJ3— g MG^ dP 2L« +74 
GvtSecAolOAS — 08 Pionr II p 1834 - _ 

^r 

zwsrw** 

IovGtA p 1049 —02 WWhREI 12.19 —19 
MStoG&A 2148 — 42 ”SS^\ 77-03 




1807 +71 
2558—75 


RcMwwri J 30— -li 
ReoGrap 1120—71 


UShiatn 1810—01 
USIncTn 1818—01 
VtaEqldn 1171 


Regis Fuad; 

C&BBal 1146—73 
C&BEq 1247—04 
051 Ov I86I—05 
DSILM 953 +75 


TFFLP 4X2 -I totlFxtot &Q2 +73.! N^^Ap1816-7l j 
TFMOp 571 +71 MsdAstB 888 —.10 i NYTxStn 12.16 —01 
TFNJP 575 +71 MgdAttA 8X0—10; ODPen 1874—07 
TaxNYo 1892 +73 MMAstC 8X1 -79 PATEAplIJS— 04 
TFTXp 9XB +71 RsOiBotC 9.13—061 SpeciAp 2772—4* 
TFPAp 477 +31 TaxExA 772 +72, StrlncAp 477 —04 
TFHIp 471 _l TxExB 772 + 72| StrtneBt 478 —03 
TFMI 439 +71 IMIMuInc 1071 +74; StaSTIA P 464 — 01 

TFWAp 473 +71 Midwest SttnGrAo 476—77 

VafUAPPPlMT— 0) AdJUSGvr 935 - SJrtovAp 475—72 

Ij&sran Brae Govt p 9X2 — JJ3 Tcraetp 2489 —44 

BroHTYd 9J2— 11 UllGvp 1853—03 TxFrflt 946 —04 

Fund 1671 —28 LeshUtflA 1052 +7* TxFrAp $47—03 


Z&p* « :$t 


BtueChp pp 6.42 — .10 KTlnsEq p I2JS — 7$ Koufmrai nr 3X6 — 78 


Dftcvp 1972 — 64 HTMoFl a 
Fmtrnp 2470 — JP HanitoCfcto 


STWldn 949—78 Passprtn 9.M +78 STGvl 967 . 

SmoHOto 10X6 ~X3 SMOPn 776 —37 SmCpGrt 953 —381 
SE Asia n 7378 +49 WMwGrp?474 — 73 USGvt $46 — 01 1 
SttcScn 18X1 —46 Fountain Square Fds Harbor Fyotfs 
StrOPPt 19X6 +22 Balanced 953 —79 Bond 1&73 —01 

Trend n 5544 —57 GovtSec 9.74—01 CapApp rv 1548 —67 

USBIn 1044 —71 WdCap 9.96—19 Growth n 1251 — J9 

UfOtocn I4JT +.TB QuaBd 965-71 Inttn 2352—77 

Value n 487$ +.18 OualGr 944—10 InttGr 111X7 -JD 


CaTFSn 10.11 +73 income 955 — oi 
C taTFH n 8X6 -71 TntRet 14.13 —79 
C^JFLn DJ0 - Copley n 1978 +73 
6i&oi> 1IJ] QtreFmto: 

EurBd n 1045 —73 BaknA n 1816 —07 


STGbl t 867—04 
CALtdt 1074—01 


GavSec 9X8 -71 Hanover tav Fd* 
Grwth np 1175 —51 BtChGrl 9X9 —73 


Kemper Fund* 
AdiGov 847 


BlueChP 1220 —.17 1 LuTheron Bra 


Eatdx 2058 —05 
GBdAn 943 —03 
GrEaAn 969 —28 
InfBdAn 9X4 —71 
lnttGrAn 1210 +.14 
VtaEqB pnl373— 34 


Fxlnco 974 
IntdtTF 9.91 +74 


Amer AAdvanb 
Bahxin 1270 +74 
Equtlyn 1350 +73 
tatlEqlvn 12.15 +78 
UdTrmn 936 
AmerOudtd; 
CmrtAD liTO —09 
CmstBp 1870—79 
CpBdBp 6X4 . 

CorpBdAp6X4 


STT^ 11 — 71 OwenIGr 1076 +J0 

T ^j£ n «X4 —02 cawenOp 12X1 —28 
Tar2000n67X2 — 10 OabbeHusm 

MAAp 1273 —76 
Tcr^QlO n 33.14 +m Equity p 1568 —10 
Tar20 1 5 n 3446 —77 ORMunN12X3 +72 
Tar2020 n 1667 — 03 Special n 1248—37 
V miO-TO aStF^Tm# 

Uhl toco n 9X2 +77 Bondn 954 —02 
Banter Grotq* siedn 973 -71 

IS 00 I?-?? ~ ^ SpEqn 1179—15 
101 pn 11.11—13 Vernon 1067—10 
JtatCnGr 2- g —07 VAMun 964 +71 
BPrraiwnPdK CuFdAdiniaoo +71 

GvShOu n 1 2_50 — 71 CUFdSTtl 9X1 —01 
ShtDurn 1246 —72 Cutter Trust; 
in*Dy n 12.91 —TO ApvEqn 9X8 +73 
CoMun 13X3 +33 Eqfvlnaa n 9 JO +.10 
OvMunn 1115 +72 GovtSec n 9X2 —71 
HYMonn 13.14 +74 DPAInfVtanl813 +.19 
InKVcin 16X0 +64 DGIavettaR 
BerwvnFdnl81H— 15 Equity 10X1 —OB 


China t 1101 +41 
FUJdt 1810 +71 
MALMt 9X7 +71 
Ml Ltd t 948 + 72 
Natl Ltd t 1816 +73 
NJLtdt 1805 +71 
ALTxFt iai6 +.02 
NYLtdf 1076 +73 
AZTxFt 1833 +72 
PALJdt 1811 +72 
ARTfcFt 1072 +74 
CalMutat 953 +72 
CCfTXFt 9X4 +72 
CTTxFt IOB3 +72 


EmerGr 197S — 61 
Govtn 8X6 —72 
Grtnc 1070 +71 
InttGv 956—34 


VatEqim 1131 —08 
VOIEqTfl 1171—08 

VaMunit 18U +74 

EBkui' 

S^qSfn 1753 —20 
SpEquttll 1866 —10 


_TtiRtnn *00 —01 

’^^rr1SS ,,= — 04 
CapAcc 1576—05 
OevMkt P MX2 —73 
Faronp 949 + 74 


CarpBd 9X9 —02 
EauilV 1818 —30 
GavtBd 949—03 
total 1072 +.19 
SWGvton 944 —37 


GtobOPP 12JB — 77 
Growth p 1762 + 75 

SmdCOP *7X5 

+75 

I Piiiytwxi umi: 
EmMSP 11X2—16 
FarEaS 1116 +71 
FEsafS 1873 —03 


TFMI 4X9 +71 
TFWAp 463 +71 
ValuAnpplMJ — 01 


SpeciAp 2772—44 MNtE 1050 +72 SterSTFn 968 —01 
StrlncAp 467—04 NattTE 1840 +73 SterBln 11X4—08 

ShtncBt 468—03 PDCfiurG MX? +X7 TSWBl 1052 —02 

StgSTlAn 466— 01 Sector p 1772 —11 TSWRx 9X2 —M 

ShnGrAB 466 —77 Value P 1852 —21 TSWInfl 7X33 +XD 

SJrtavAp 465—72 PIprTrlD 957 _ RchTano n 17.40 . 

Tcraetp 2469 —44 RprTVShO $61 _ Rembrandt Funds 

TxFrflt 946—04 PtantTNtx 1812 +74 Asian 948 +J7 

TxFrAp $47 —03 FortkoFdfi _ BafTrn 967 - 

TirttoP 16X1—60 BalKn 21.93—21 GtFxWTrti 10.19 +72 
TefRtAP 825 —09 Bdldx 3629—02 CwthTrn iai0 

ToiRfBtn 8X0 —10 EalndX 3148 -76 InttEoTr nl262 + J2 

USGvt P 9X7 —02 Gflncn 22X9 +72 SlGvfTT $67 +71 

VatStAP 1477 +77 IntBdM 968 —02 &nO»T 9X7 —11 

verland Express MidGrLn21X3 — 18 TEFrrrn 960 + 72 

AstATA 1140— 82 ST Bond 111814 —02 TaxFTTrn9J4 - 

CATFA 1878— fil SoGrn 3167—72 VtaueTrn 969 +.11 


instGvAiS 9X0 —03 
MNTE 1050 +72 


Tin 1802 +71 
4 n 947 —.10 
__ JIFP 968 —01 
StarBln 11X4—08 AAoGavtA 12X8 +73 
TSWBl 1852 —02 MuCtaA 1819+74 
TSWRx 9X2 —02 MuFLA 12X6 +73 
TSWInfl 13X3 +30 MuLtdA 652 +72 
ichTangn 1740 . MunNtA 13X6 +73 

lembraidt Funds MuNjA 1X18 +75 
Asian 948 +X7 MuNYA 12X6 +75 
BafTtn 967 . SHTSY 474 

GFxtoTrtilO.19+72 USGvtA 1378 +74 
CwthTrn 1O10 . UtilAp 1825—01 

InttEoTr nl262 + 32 Sen® BanHV BAG 
StGvFTT 967 +71 InttC 1760 +JB 
SmCaoT 9X7 — H CapApB 1362 —44 
TEFrrrn 940 +jn mtiB 1745 +xa 
Tax FTTrn 9X4 - MuUdB 651 +71 

ValueTrn 9X9 +.11 Sm&hBmyShren A: 
WbelflvTtah AtSGvAp 964 —71 

Balanced 16J5 —14 AdvsrA p 25J8 — 56 


_ 7.18—01 BroHiYd 932 —11 

Divines 873 —09 Fund 1661 —28 LestilMlA 10X2 +7* TxFrAp 947 —03 

EitvSvc 1819—18 Income 842 -71 LeshTsvA 860 — 04 ! nmep 16X1—60 

FL Tx 1065 _ Muni 830 +33 OH7F 117? - j TotRtAP 835 — 09 

Gtttnc 8X7-75 OppGr 9.94 —28 TFInt p 10X0+73 TatRtfltn 5JS —.10 

Grth law —29 MAS Foods USGovLM 761 — JB USGvt P 9X7 —02 

HYieM 9JS —79 BdancednllX2— 73 Monettp 15.14 —39 VatStAP 1477 +JJ7 

Income 8X8-72 EmerGr n 15X8 —53 MonettAAC 1244 —78 Overland Express __ 
InttFuntf 1049 +71 Bwifyn 2043—03 TJoaOar Rants AstASA 1140 —72 

MurfBd 9X2 +71 Fxdlnll h 10X6 — 71 Fxlrtpx 2066—11 CATFA 1078—01 


Trend n 5544 —57 
USBIh 1044 —71 
UKItocn 14X1 +.18 
Value n 40X9 +.ib 


13X8 +.14 FnnUto Group: 
itas: AGE Fund 269 — 03 


Eqlnt 1069- 
FldTxFt 1852 
GATxFt $62 +72 
GavtObit 932— JB 
fflnct 7X5 —73 
KYTxFt 963 +74 
LATxFt 9X7 +72 


Air re 1478—1X5 
AmGotor 2152—1 73 
Autor 23X0 —35 
Biotech r 2182—170 
Brtcstre 1944-2X1 
Broker r 1546 +X3 
Chemr 31X0 +75 
Conwr 25X3—160 
GanPrdrel3X5 —SI 
CsIHour 18X2—50 
DfAeroreiBxa —32 
DevC0mrl666 —39 
Hector 1647—142 
Emrgvr 1664 +60 


CapApp n 1548 —67 
Growth r 1251 — J9 
tottn 2352—37 
InttGr 1827 — 73 
ShtDurn 9JG —71 
Value n 1278 +77 


AenuSpx 941 — 72 He a ttn nd Fds 
ARS 961 . 1 USGvtp 9U0 —01 


ALTF 11X4 +73 Value p 2356 —13 
AZTF 11.12+72 WITxF 967 — 03 
Btalnvp 2158 +.16 HeradetFunta 
CAHYBdp967 +74 EuroVl 1818 +77 


Ctalns 1163 +72 
CAfntwmtt.1? +71 
COTTFr 779 +72 
CO TF 1161 +71 


LAinrVul 1071 —31 
NAmrtSrtn 947 — 08 
PctBVal 10X2 +.19 
WMBd 966 


1871 +32 Hertoee Fuads 


Income 8X8 —72 
InttFuntf 1049 +X1 
MurtBd 9X2 +71 
NYTF 1867 —01 
OH TF 9.C — J1 
Rettrel 1171 —14 
Relink IZ62 —11 
Rettre3 1814 —10 
ReftB4 978 -77 
Retires BX6— 76 
ST Glob 7 2D +71 
SmCpGq 5JS— 13 
Technal 9X6 —56 
TXTF 1806 +73 
TcSRetm 9XS —17 


Ftamcn 11X5 -73 
GIFtfn 1819 —01 
HYSecsn 893 —.10 


GwthlOX 25.11 —271 
OhTttpx 21.14 
FJClnT x 2065—12 


IncGraApUXl +71 GrwthS 1153 
IncRMA 948 . ThlrdAW 1660 

InMA 1760 +X8 Thurman Group: 


1153—03 

1660 — 33 


MulncA 10X4—02 


InttEqn 1464 +.15 Grwth Tx 25'J —28 
LtdDurFlnl029 +JH InEaTx 2203—75 


MlgBkFc 1812 +J1 
MunFxl 1822 +jB7 
Set Bin 17.11. -m 


Grwth Tx 25.10 —28 USGvtA 1824 —01 
InEaT x 2203—75 VRG A 962 
MtgBfcx 125— 21 reHGGrn 1464 — , 54 
Oil TFT x 21.13 - ; ' PFAMCoFds: 


StratGrA 1256 —39 Preferred Grerto: 

ST Govt 50X0 — 02 AssetAn 1042—02 
USGvtA 1824—01 Fxdlnn 9.92—01 


TxEmBdn9X1 +31 RetaelnvTrsh 
referred Greap; Baknced 16X5 — 14 
AssetAn 1042 —02 EqGrtl 1769 —22 


12X2—17 TFIncr 
*1.11 —61 Volumet 
7X7—72 Varaitou 
12X4 +.14 AJlns 


BalTTn 967 
GFxtoTrnlO.19 


11X8 —67 
961 —72 


- I TragrtA 12.42 


1145 +73 
976 —02 
12X0 —17 


ShfGvlnn 944 —07 

V EST“ i,! 1884—77 
Bwtahn 1049 _ 

OapGr 31.14 —65 
CctoOrSt 3178—65 
EquBypnl256 — 08 
Gavlnc 11J1 . 

Grtnc 2956—33 
GwWtttp 15.10 +.16 
GrtaBr 2948—33 
IntlEaA 127? +.14 
NYTF 11X3 +74 
STBdp 1078 . 

TFIncm 1164 +72 
Volumet 1463 —20 
VarapeurME 
A3 ns 10X8 +01 
CO TF 1813 —7* 
FLUwd 1075 —09 
GTOStkp 17X5 
lATf 9.18 +JQ 


9.18 +73 
1820 +JH 
1073 +03 
11.95 +76 
960—02 
9X7 —04 
1824—07 
1072 +71 


9BdT x 1964 —10 


Fxdlnn 9.92—01 
Growth n 12X0 —62 
Inti n 1817 +.11 
ST Gov n 964 


Eqtoaam 176* —07 
income 1560 —02 


AOGTAP 24X7—87 
ApprAp 1800—02 


ShlGvB 961 —01 
TaxExBt 1145 +74 


TaroetB 12X9—28 
USGavSf 973—71 


1 13X8 — J9 
Group: 


MDT&t 9 91 Zm EnBSvcncl066— 12 

MATVFr rnS Envfror 1070—19 

52nvp+ f nuTm HnSverx 5080 +X8 

MiTXFt 1015 +72 ■=„— r «UI7 — ns 


CVtSeCX 1279 — X2 
DNTC 9X1 —46 
Bflttlv 6X1 -74 
Ed toe x 1364 +72 
FIST ARS P»62 _ 


CapApp p 14X9 +77 Kemper tovsfc 


B60 +72 MFfc 


SdBn 1817—03 MonfrGklP 9X3—43 
SmCpVInl&TA —30 ManitrSIP 16X4 +71 
SPFIn 1174—03 MonteonwrvFds: 
Vatuen 1110 —02 Emgjwa 1404 +76 
IFS: GtobCOm ISM —77 


10X0 +721 Value n 11X8 +73 BiueOip 3260 +79 


TetGAp 11X5—23 ThorobargFdl: 

TeUn 104.17+4X4 IrrtMu 1261 +73 
AzMuAp 9X8 +71 UdTIn 1270 —01 


CopApn 1375—28 FlfceFhnds: 
DtvLown 11X6 —16 Alius 
EmerpMkt 13X3—07 BoSann 1 
EnhEqn 1145 +71 BICK 1 


RTFd tap 3544 — 16 
AtSUS 4X2 _ GuvSecp 1818 +73 

Batance 1144 —72 Growth p 2552 
BKhG 1177 —05 MidCOP P 2818 +72 
CdTxn 965—01 SocAwp 2661 +71 
GapAprn IZ49 —04 Rimcn Bd 950 —01 
DlvGron 11.12 +73 RtmcoStk 11X4 —14 
Eqtocn 1672 +74 RIvertnE 19X8 +.15 
Eqldxn 1266—03 RiverflGVl 9X8 


grMdAP*^ - Govftoou 939 +77 

EmGfC 24X7 —J2 BtwudMCG1889 —58 1 LTGavt 9.75 


EGAp 2443—72 BiBmore Funds: 
EmGrSp 23X8 — XI Batonoed 1072 
EntAp 11X2—13 Equity 1816 
Enfip 1161—12 Brtndnx 1007 —02 
EqtVtncApSXO— 01 Fixedlnc 941 
EqlncBt 5X8 —01 QuraitEq 965 —02 
EqtncCp 5X0 —01 STFtxtnc 9J5 +71 
BatoFd 106X1-1X5 SCMuta 1058 +72 


LTGavt 9.75 - 

Munilnc 1806 +74 
Dean water: 

Am Volf 2161 — 61 

CafTKPrt 12. +0 
CocGrot 11X2 —09 


MNTxFt 9.99 +71 
MOTxFt 1817 +72 
NJTttFt 1044 +72 
VYTxFt 10X1 +74 
NatIMunf 966 +74 
NCTxFt 18I» +72 
OHTxFt 10X5 +71 
QRTxFt 1808 +71 
PATxFt 1034 +73 
RlTxFt 9X7 +72 
SCTxFt 9.94 +72 
TNTXFt $.96 +74 
TotRtn t 897 —01 
VATxFf 1020 +72 
WVTxFt 931 +73 


HnSverx 5070 +68 FraflnhHTnTOJl +72 
Foodr 2B67— 32 FedTx 11X9 +74 


Divine P 9.99 —02 
IncGrpx 11.12—15 
LMGavp 9J6 
SmCopS pl 5X4 —25 


Hetflhr 58X3—27 
HomeF 2476—02 
lndE<*>r 19X8 —43 
todMatrxZlTQ +76 
ttuurr 1865 +XS 
Labrr 37X5 —81 
Mecfilelr 1967 —13 


FLTFtoP 944 —JB 
FLTF 11X4 +72 | 

GA TF lljl +73 
GtGvInCX 853—16 
GUtilP 1241 +74 
Gold 1276—79' 
Growth 1369 —18 


Bdancen 965 —01 
Bondn 1822 
GavtBd n 9.B , 


Diviner 5.96 -76 

Gvtt 779 +71 

Gwtht 1655 -42 

HlYklt 7X8 —09 

ST Git 7.18 +71 

Shttntt 818 

SmapEqtll.K —26 
TotReM 1349 —20 


b MTTAp 11X0—74 

5.96 —76 MIGA P 1805—43 
779 +31 BandAp 12X9 —03 
655 -42 ErnGrA p 18X1 —71 
7X8—09 GrOnAp 1079—19 
7.18 +71 GvLfA p 868 —01 


GtobOppn13X5 . 
Growth n 1577 —03 
lnstEMW«tl76 +.19 


Eqlncn 1164—02 
limn 1X00 +.19 
MsdBdln 969—01 
MidCraj 1357—38 


Growth p 2552 
MidCWP 28.18 


tattSmCOpttXS —15 SmCCG 18X9—26 


ShDurGt 96G 
SmCap n 16X5—46 


Growth n 967 —23 I Kemper Premtan 


IncGrn 966 
IncaEq 1158 +.15 
SpGrEqn 1364 —27 
■fiBwdGr 15X8 +.13 


FdMoAp 1217 —01 Blaochord Funds: 
FMaBP 1218—01 AmerEq n 9.37 —26 


Convtt ifi64 —15 Eoten VTTeSKannfc 
DvGtat 17X1 —93 Otto ap 1431 +49 
DJvGttit 2944 +79 EVSIk 1275—04 


GIEqAp 1169 +.14 
GiEqBpn 1151 +.14 
GtGvAp 849 + 73 
GiGyBPtt 833 +73 
GKSvC p 847 +72 
GvScAp 1814 +J12 


FbcTFBd n 4X6 — 7l 
Flexlacn 468 —02 
GtGrno 1807 +72 
RrcMnp 8X1 —37 
ST Gin 160 
ST Band n 294 — Qi 


GvScBp 1815 +71 BdEndaw 1773 —01 
GvScCP 10.13 +.01 Boulevard Fundt 
GvTWp 1X12— 03 BIChiP 8J3 —13 
GVTIA P B4B —71 UanataC 965 
GvTJBP 848 —01 StralBal 9X7+71 
GvTICp 840—71 Brinson Fuadv 
Grtnc p 1237 —04 BrinsnGl 1 1 048 —72 
HurtoAp 1415 —19 BrinsGIBf 9X0 —01 
HcrbB p 1479 —19 NUSEqty 960 +77 


Dhrtot 9X9 —03 
Eqtlnctx 8X8 +72 
Eurot 1243 +.12 
Glblt 865 —04 
Gftdvt 10.98 +.13 
FedSecf 9.16—01 
HtthSct 1041 —31 
HiYkJt 760—08 


r«i*ri nun +* . — mu «, 

RlTxFt 9X7 +72 gSS'jg,' "41 
SCTxFt 9.94 +72 

TNTXFT 9.96 +74 » 

ToIRlnf 897 —01 ™® r _ 

VATxFf taxo +72 5SK" 1 

WVTxFt 9 31 +73 — *-2i 

Mon VTTodRianofc r^^^no?”^2 
Qdnap 1*31 +69 Tn?? S£S1 ~Tu 
EVSIk 1265—04 +l4S 

Growth p 764 —IB rtetoW*® 
SS«P ~M AorMonn ?J2 +73 


Dhrin 5X7 —07 

Gvt 7.10 +61 

Growth 16,92 —42 

TBYId S4® — Oi 

STGI 7X0 +71 

Shhnt 821 


GvMaAp 452 +.01 Morn Stan Fds: 
GVSCAP 9X8—01 AsfcnGrA 1567 +49 

KlncAP 513 —04 AskmGB 1550 +48 

InOBAp 7X1 —03 GtobEqA 1215 +77 

LtdAAAp 7.18 _ GtabEaB 1208 +78 


NdGcvr 960 +52 HYTF 1060 +62 HomstdBdnSJ® . STGI 7X0 +71 

Paper re 17JB — 61 HWmBdplOXO +63 HomarM 1447 +72 Shhnt BXI 

PrecMet rxl5X5— Xl IncoSer 2X4 —02 HaracMn n 19.77 . SmCPEn lljl — X7 

ReaBnkrxl865 +68 IN TF 1149 +72 HudsonCdp 1266 — 30 TntRt 1355 — 19 

Rehflr 2570—69 Inst Adi 946 - Hummed nd*89 —05 Kent Funds: 

Soflwrre 2447—268 InsTF 11.97 +61 HisnmrtJ 2764 —14 ExEqlns 12X1 —14 

Tedire 3665— t01 NYlntmrnBU17 +64 HypGD 897—01 Fxdntas 9X2 +71 

Tefecom r3578 — 07 taflEqp 1345 +78 HypSD2 9X6—01 IdxEaln 1858 — 02 

Trim re 20X1 — « KYTF 1850 +74 lAATrGr 1546—17 lta»ns 1342 +X2 

Utar 3469 + 65 LATF 1175 + 72 lAIFundic UMattaS 962 + 71 

ktosy Spartan: MD TF Jli«2 +JJ4 Bataipn 7039 —07 MedTBn 9X9 - 

AgrMunn 9X2 +73 MasSTF 11X4+72 Bond pci 9X3—01 MIMulns 976 +71 1 


RSChAp 12X0 — 27 Morgan Grardett: 

Sect A p 12X8—03 EmergEq 878—13 

TotRAp 1264 —61 Fxirvxn 1079—01 

UtflAP 7.11 —73 lrriSmCpnl851 +73 

VcduAp 9X6—11 Munffid 1848 +72 


SmCpV 1253—15 
Lmsifcn 866 —03 
PtMCOFOndti 
TatRetn 1817—01 
TRI1I 979 —04 
LawDurnitUD — M 
LDtl 969 —01 
ShdrtTn 9.90 —01 
Fronn 1818 —01 


Euro pe n 12J5J +.16 RhrefwtoCta 
FEFn 13X9 +36 Equity 1169 +72 

FUnslntn1801 +65 Fxdta 959 —02 

GNMn 9X5—01 TNMuOb 968 +73 

GA TF n 9X5 +72 Rabemoa Sterdteat: 
G*dGv 955 . Contra n 1813—11 

Growth n 1962— 09 EmGrp 1843 -53 

Gwthlnn 15X4 —78 VaJPHB 1341 —66 

HTridn 847—14 Rochester Fds: 
taaenen BJ5 —71 BdGrawpl36A — 12 


AzMuAp 9X8 +71 
CdMuAp 1543 +72 
DhreSflnc pBJKJ —74 
FdVolAp 769 —01 
GIOPAP 2942 +X5 
GrtaAp 9X3 
HnncAt 1149—10 
InfCAA 813 +71 

MNYA 816 +72 
UdMup B67 
LldTrp 7X9 —01 


UdTIn 1260 —01 
LtdCtf 1256 +74 
UdSvf p 12X3 
UdMunp 13X9 *73 
NM Inl 1260 +62 
Toaquev 1193 —09 


CapApp 13.17—08 


LAJVtah 10X9 +72 
TatafRet 9X7 _ 


TatafRet 9X7 
USGv .1809 


Gtobtan 960 +73 
HTYld 1041 —071 
Grwthn 1358 —73 
LTUSGrt 9X7 —02 
PNC Funds: 

Balances 1277 —06 
Balanc 1277 —06 


SmCpEq lljl —37 WoGvA p 11 J5 —03 MroKoSop 13.16 —72 
TotRt 1355 —19 WoGrA 16X0—71 Mora SJan Instt: 


MunBd 9X2 +73 
STTSyp 5660 +63 

Tradlnvp 765 —02 
TrodTnM PK0X2- “ 


MuAZt 1065— 02 EdlpEan 1120 —24 , 


AgrMunn 9X2 +73 
CAHYm 1813 +61 
CTHYnr 1001 +.03 
FL Mu m 1851 +.02 
GNMAn 939 +61 
Gavlnn 10.06 +61 
mtainm 1167 —.14 

IntMunf 9X5 +63 


mtrndt 940—72 EctiPBfll 18X8—10 
LJdMuTi 936 +JB Emerald Rate 
MuCAt HUB — 71 EmEqt 11X1—14 

MUFLf 10X3 _ EmrtdUS 1819 — 02 

MUNJt 1818 +71 FLTE 1057 

MuOHp 1814 _ SmCOpl n 9J» —29 

AtattPAf ltUffl +62 EmpBM 1741 +66 
NYTlcFt 1149 +61 Endow 1641 +73 


InvGrBdn 967 — 03 OWoTTF 1168 +71 
LMGY 9X1 +61 ORTF 1131 +60 


11X1 —14 LTGn 1879—74 
1819—72 MD Mum 959 +63 
1057 - Mutanr 1806 +JM 

9J»— 29 NJHYr 1092 +JH 
1741 +64 NYHYro 1027 +63 
1441 +73 PAHYm 10X7 +71 


MJchTxF 11X8 +62 EmgGrpn14X3 — 70 
MNlns 1178 +61 Govtpn 9.94 •_ 

MOTF 1141 +63 Grtnc p 1190—13 
NJTF 11X1 +6* MttFdn 13X3 +69 
NYlns 1876 +62 InstSd 9X8 —01 
NY Tax 1145 +74 Mktoap n 1341 — 13 1 
NCTF HJ9 +62 Region np 21 63 — 13 
OhWTF 1168 +71 Resrvon 9.99 
OR7F 7JXJ +60 VOven 1148—15, 
PacGrwthtoiiffi +X4 IBM Mutual Funds 1 

PATF 10.18 +61 LargeCa H4X8 — 03 
PremRt tn — W MunIBd 965 +63 


VolEtan 1034 +74 , 


CUsBl I IMS —71 
CusS2t 15X3—11 


PuaTF 11X3 +72 
SI GOV 1822 — 61 
SmCdpGrMTl —41 


Smaeca n 17.44 — 24 
US Trees n!039 . J 


CU5841 564 —09 

CuNCIt 941 
CUSK2T 007 —12 
CUsSIf 2252 —20 
CusS3t 967 — X0 
CU8S4I 763 —39 
tout 7X5 +74 
KPMt 23X1— 1.1S 
TxETrt 1045 +71 
ToxFrt 731 *61 


WdTotA p i860 . AdQrv n 1166 +.10 Balances 12J37 —06 

MuBdA 1065+73 AstanEqn28W +45 Balanc 1277—06 
MuHiA 884 +73 Bta 9J0 +JB COreEql 943 —04 

MuUA 744 +71 EmGr 15X7 —54 COreBaS 943 —04 

MuALAplOX? +63 EmMkt 1654—36 Growth! iu.1? — 34 
MuARAp 9X3 +73 EmMkDtlt At5 —19 IdxEq 1055—03 
MuCAAp 544 +61 EaGrn 1141 —15 IntmBdS 9XS —01 

MuFLA p 946 —T! Fxdlnc 1812 - InlGvtS 9.90—01 

MuGAApl841 +73 GlEatv 13X4+77 UtfTBdl 9X5 — 01 
MuMAA pl(L88 , GIFxInn 1044 — 04 totGovtt 9.90 — »1 

IMuMDAplOTS +62 HiYldn 1847 —74 InttEq 1115 +.16 

MuMSAp 9X1 +71 InttSCn 14X2 +.15 InflEqS 1514 +.14 

MuNCA p 1149 +63 IrttEa 1*« +X6 Manogedil816 

MuNYA p 1048 +72 ReatYidn 953—06 MnrnaeaS 1814 . 

MuSCAp 1162 +73 VotaeEqnl149 +.13 PATFP 9.M +73 
MuTNA p 10X7 +M SCValn 1864 —OS STM 9X4—01 
MdVAAp 11.16 +72 MuhtenknuMUS +77 SroCapVSIllS —15 
MuWVAplIXe +62 MatrCA TF 1557 +75 SmOtoVlIXlO — 15 
CapGBt 1363 + 71 MunMIGB J0X3 — 09 Vatoet 11X9 +6? 

Band a 17.77 —03 MutlBnft 1760 —79 VaJimS 11X8 +76 

EmGrB t 1B.14 —71 Mutual Swies: PRARltyn 940 —14 

GohBt 4.18 —34 Beacon n 3146 +JI9 FadticUS 965 —01 


MflGvAo 1248 —01 Trademark Fund*: 

MaMUA P1555 +76 I Equity n 10XS +71 


tottOisn 1778 +.18 
IntStkn 1811 +X2 
Japan n 11X7 +X5 
Lot Am n 853—38 
MdShtn 574 +72 


LWNYP 3X1 
RMteey Square; 
□ivlnp 12X8—71 


P 3466—7$ 


Balanc 1277—06 MdShtn 574 + 72 ItaEqp 1856 +.19 
COreEqi 943—04 MdTxFrn 9X3 _ Raulston Funds 

CnraEaS 943—04 MldCcwnl442 — 19 GvSec 

Growthl 1819 —36 NewAmn26.n —XV Gftn 10X4 +75 

WxEa 10_55 —03 « Aslan 1872 +60 MfdWGr 1160—74 

IntmBdS 9X5 —71 NewEranl976 —17 RoycePOnds: 

InlGvtS 9.90—01 NwHrenn15.17 -55 PennMu 818-75 

UtfTBdl 9X5—01 NJTFn 1657 + 71 EqlnC 541—06 

totGovtt 9.90 — 61 NYTxFn 10X3 +71 OTC 643 —05 

InttEq 1115 +.16 OTCn 1479—18 Prertaer n 643 — A5 

InflEqS 1114 +.16 SCJTchn 1742—177 Value tn 9X5 —76 

Manoaedil8l6 . STBdn 4.91 _ Ruttmwra Group 

MangpedS 1814 _ STGtin 441—01 AmGasn I LM +.16 

PATfp 9.94 +73 SmCVt 14X8—10 USGLgn 9X0—03 

5TM 9X4—01 Spacer 1149 —76 US Intn 9.10—71 


Fxdtn 959 — 62 MaMuApIZJW +72 GovtlrtCO n 944 +jli 

.TNMuOb 968 +73 NJMuA p 1856 +74 KYMunn 9X9 +63 

tobemoa Stapbenc: NyMuA p 1641 +76 SjGavtri 946 —01 

Ojnhan 1813—11 PrMtAp 1942—173 TTOwmertctt 
EmGrp 1843—53 SpEaAp 18X2—77 AcBGvA 978 
ValPhiS 1341 —66 PrTRA 15X2 +78 BlOfipt 11J0 

tocbetterFdj: UWAp 1340 +74 CfloGrp 1149 

BdGrawpl376— M WlncAp 446 _ CATFB 1800 

RaMUP 17X3—01 WWPAP 1X2 _ EmGAp 2Afl4 

LIdNYp 121 _ SrotthBrnyStarsn B: EmGQt SS 

Wtaey Square: AsGrBt 2453 —86 OtaAp 1109 

Divlnp 12X8—71 Apprflt 10X6 — 72 GrtnBt 1U2 

Growth P 1576 -14 CaMuBt 1543 +JJ2 NalRst 1442 

IrtflEqp 1256 +.19 Cs»8i 14X0—07 Gvtnct 9X2 
WJifton Funds: DvstoBt B70 — W CATFAp rm 

GvSec . EutpBI 14X0 +.14 GvIncTr 790 

Grta 1054 + 75 FLMuBt 946 +71 GvSecp 
MldVirar 1170 —04 EdVolB t 768 —01 tfl YW 7JM 

WceRnidB _ __ GtBdBI 1542 —02 HYTF 7 $5 


R0M0 p 17X3 —71 
LIdNYp 3X1 


UtfTBdl 9X5—01 
totGovtt 9.90 — 71 
InttEq 1115 +.16 
InflEqS 1814 +.16 
ManoaedU8l6 
Mananas 1816 _ 

PATFP 9.94 +73 
5TM 9X4 —01 


541 —06 

OTC , 643 —05 GrtnBt 9X5 —74 TFBdA 1079 T77 

pTBluern 643 — 05 HilncB t 1149—10 TFBrfit 1079 + 77 Jf : ?, 

Vahietn SXS -06 InvGCBt 11X3—07 “ J< 

Rutomme Grom MgGv8tai248 — oi GSP 966 _ ..STGovtR lJX.l - 

AmGasn 11^3 +.16 MgMuBt 15X5 +76 MSP 973 - 71 M 

USGUin 9X0—03 NJMuBt 12X5 +74 TJWIP1996 941 * 7.03—79 

US Intn 9.10— 61 NyMuBt 1641 +66 949 — 71 

MD TF n 1053 . PrMfBt 19.41 — JJJ3 TunwGEni2H5 —9 tolfldl 9X3 -7 

RytMtfova 'SS —04 SSSTIS l^JSSSSUp^ ESZ 

EStS Wn n ^=| SSS-iS-sS 

y??®!. 13i0 * M lrtfieqn 745 +J1 . toHGIhn 13 X1 +.M 

cojwrthinTi44 — 03 winOBt 644 _ LTBandn 9X9 71 WHorri Ptmin 

T817 — 71 SmettBrnyShrsn Fds Select n 3744 jri PennSgp 1040 —JB 

SS R»ds: PmRet 944 _ T vS r n ojn ' PATxFr 1060 —72 

Batancp 1145 — .1 6 Prtnll p 743 _ TUETtan 1019 + ai Quality 10X1 —72 

Band np 1005 — 71 Prinlllp 749—13 TUELTn ia!ov , n USGav 10XS — 71 

Sl!S c n p ,?■?? ,S SSSS P 1 2-2 +*2 204? IS 

rSESWJ— 1-S— ^ 14 +JB l»GvSJiTn?42 : WtoHtn 9.98— 01 

s SS! ,=uib * 5„ Value n 5.04 +j» WtoGrtn 1046 +.0* 

+J! Si? 12^1 — Vbtan 944 —3 WlnMTp 947. +71 

SSSSS ia : Kp, SJJ-'! igfig*"* 7 ® 8SgS,8Sia 

ESS'S _ 


Premier n 643 —05 
Value m 9X5—76 


+X3 

951 

9X5—64 


Value) 11X9 +77 

—69 VaJimS 11X8 +66 TFtaiin lDXfl +63 RvdexURSM850 +63 

PRARttvn 940 —14 TUFtSIn 5X5 +61 SSCWMIn 9 49 —J32 

Beacon n 3146 +J» PodflcUS 965 —01 UStot 5.16—01 SBCWklGr 1815 +.16 

Discavry 13X4 +74 PacfflcGrlh 951 —06 US Long 9.92 —02 SBSFFuadt; 

Quattdn 2673 +71 PodHcHortZOK VATF n 1047 +71 CapGrn 742 —06 

Shares n 7903—03 AgGrp 23X3 —60 -PrimryTn 1897 +78 C0nvrtblnil44 — 03 

CATFP 779 - PmcMPlWR SBSFn 1817 —71 

—02 Cwtoco 14X4—34 CSvAch 1258 +66 SS Ponds: 

—OI USGv 9X2 - GpVfPrt 9X6—02 Batancp 1145—16 

+61 Podfica Fds: tosTEx 9X3 +62 Bond np 1835—61 

—73 APresnt 1809—01 SP1QQPI 14X8—76 BdlndXP 957 

—01 Balance 11X7 +61 TCPrt BJS +71 CapGrn 1147 —16 

+71 CATF 1848—04 PrtnMBS 954 + 73 CorpDtapnl.98 

+ .07 EQVta 12X3 +75 PrtKWFUDd* GNMAp 94 3 +71 

Gavlnco 904—04 BK3w 1143 +71 IntrmdBd p954 

—05 STCAn 9.92 —02 Bond 1049 —02 SMGvtv 903 

—10 Paine wetter: CcpAoc 1951—13 toflFxhip*. 10.0s +01 

—04 AsHAp 11X9—18 EmoGr 2359 — 30 IntMn 0 1830 +72 

ATLAP ISX5— 23 Govt 10X7 +74 IitfGvfnD 946 —71 

+X3 BkiaAp 14X7—17 Gnmttl 29J2 — 45 taflp 1000 +79 

- CtaTAP 10X1 - AApnwscJ 12X5 —04 Edtacnp 1340 +.17 

—55 CcxtAAp 1149 —25 TF Bd 1144 +73 Egtodx re>1506 — 73 

+ 71 CmTcA 656—16 UIBtlw 947 + 65 KSTF 1040 +73 

— 73 OvGrA p 19.94 +71 Work/ 7.10 +M iVUdCGP IMS — 36 


Specto 1055—04 MDTFn HL53 
TxFreen 9.15 _ VATFn 1000 +71 

TxFrHYnll49 +72 RydxNova 902 —04 


957 + .12 1 Keystone Amertcxc 


ESCORTS & GUIDES 


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GvMaBt 65T . Discavry 

GvScBt 9X8—01 Quattdn i 
hfilnBt 813—04 Stores n ; 

IntmBt 841 —01 NCC Funds 
MATTB 11X6—74 Equltylo 1832 —02 
MUBtfB 1864 +72 FUatnd D T0XS —01 
Sects f 1826 —03 OHTSp 1851 +71 
TotRBt 1204 —01 EaultyR P13X4 —73 
WaEaBt 1641 +74 FUdlncR p1041 —61 
WoGvfl 1IJ1 —03 OH TER p 1847 +01 


WoGcfl 16X5 — 71 NDTtfrftnf47 +.07 
WoTatB 1858 - NWN.Narfltstar: 

MuInBt 856 +62 HTTldA 405—05 

MiMFandE , . UicGrA 9*2 -M 

Bdlncn 896 —05 Mu«A 4J3 —04 

3(dlicn 9.92—0$ NYLtaffme 


SPcGrwn 1868— 44 EAF 
SikAnn 1463—00 Bar* 
MUAUCPtondto Gffe 

AsstAI 1121 —12 IncM 
Fxdtocm 970— JIT fndXJ 
Invl 1679 —27 AUlt, 
MtaSecs 9X3 - 5T& 

MMPrGtn 9X0 +75 VaSE 
MMPXtotn 9X0—01 Nfllntf 
MSB Fd n 1646 —IT Nattoa 
MadaraieGrpc A« 

AdiOvAp 9X2 _ AtfR 

Amert=dp1123 —15 BOflt 
CAMunp 9X6 +72 BaJT 
Canada 1078 —18 GpGI 
Fixincn 9X1 —74 ttGr 
Global 12X9 +65 Dtalt 
UdMup 1W0 +63 Own 
NY Mutip 97] +61 EmG 
NotMup 976 + 62 Eqln 
NAmerp 674—03 EqW 
MaOtertdeTvy; Eqhv 

OiinaAt 969 +JS Hnd 
tW&A 17X4—56 FWn 
GrthAp 1453—18 ©All 
GrtnA p 9X5 —.10 GvTT 
InttA P 24X0 —06 GvttP 
Mainstay FundF toMu 

CaAPt 19.17 —65 tof& 
Cortvf 1167 —1* WEc 
OrpBdt 766 — 6S MpB 
Eote 1147 —03 MD1 1 
GICMt 1171 +37 MOT 
GOVM 6X1 - MBS 

NtRsGoW 11824—19 MMn 
TxFBt 9X0 +61 MtaH 
TottWt 1561 —33 SIGvt 
Volt 1555 +61 SIGvt 
M uuu nei i Funds 9§v1 

cooApn 2441 —44 STlnl 
SpEqn 37.18—61 STlnl 
Irtc&n 2663 +63 STlnl 
ShartGvn1B68 — 32 SOT 
WMffln 17X3—621 S1FTJ 


SAFE 1202 +X3 
Band 975 
Gr6a 1479—55 
IndxBd 18X7 +61 
lltdkEo I3J3 —JS3 
MuJtA 11X9 —61 
STBd 10X4 . 


847 +61 CATF 1848—04 
947 +.07 EqVta 12X3 +65 
atar: Gavlnco 904 —04 

405 —05 STCAn 9.92 —02 
902 —Id Paine webboR 
471—04 AsBAp 11X9—18 
Hi ATLAP 15XS— 23 

202 +X3 BhjsAp 14X7—17 
975 _ CtaTAP 10X1 

469 — 55 CatAAp 1179 —35 
8X7+61 CmTcA 806— 16 
3X3—03 DvGrAp 19.94 +71 


_ttnB 12X0 —17 MkmTF 11.95 +76 
GrwthBt 30X1 — 70 MO Ins 960 -72 
hcomeBt 7X2 —63 NaHTF 9X7 —04 
tottet 1274 +.14 ND TF 10X4—67 
Qporflf 27X6— L40 USGv 1062 +67 
ECAAetBli JO -75 WOddeflAfteed: 

IGvB 9X1 —61 TatRet 1201 -XI 
pcExBt 1145 +64 Growth 1300 — 45 
aoeffi 1Z» —28 LtdTerm 9X8 - 

BavBf 903 — 61 Muni 1813 +64 
mfaargras: Global 9X8—72 

*Ay 1261 +03 WoffSI 7X7 —16 
ffTSn 1200 —71 INMurg Ptean: 
dCta 12X6 +M Grtnc n 13X2 -69 
JGvIP 12X3 . CcwAapnllU — 21 

IMunpJ3X9 *X«3 ErnGthn 2166 — 44 
Alta 1200 +62 Fbcdtacn 908—01 
ww 1193 — 09 GtotriFxdnlOXB — Jff 
wrFupdhg int&un 18X7 +.18 

pAfP 13.17 — M tostSqn 1466 +.M 
iMun 10X9 +72 totGvt n 964 - 

tafBet 9X7 _ NYMuniniai/ +61 

IQv . 1069. . WasatchAgTOXS — W 

tonarfcFtmdc „ WMssFedr Greet: 

Uttyn 10X5 +61 Dlvtac 12X0—21 
vtlnco n 944 +JJ1 Govt 9X3—02 
■Munn 9X? +63 Grtnc 2278—26 
Bovfn 976— 01 Gwtti 10874—404 
waneftac Ouant£qn5JB +65 

WvA 968 . Tudor r 2142—73 

11.10—18 WettiPVal n 9X7 +61 
pGtp 1179-146 WettzVain 15X0—03 
•TFB 10.0Q +62 Wee tC Ml i 

7406 —79 AZTF WM +04 
—'ll BdoPl 1453—01 
riAp 1109 — . 12 LT Bd 941—01 

mat n.12— 12 ModVta 1259 - 

1442 +07 ORTE 1^79-05 
BtatoVl n 1769 +01 
BasV Hn 20X9 +64 
Eqtain 1850 +61 

^S, p GNMA In 1549 - . 

JSTn? 'manin mu— 

MIDOOI n 16.15 —33~ t ' 
OAo + el STGovtt 1543 - 

SdA 10M Tm BOUIMI 17.97 +63 

p 973 WtatetaodFewto: _ 

El™ ?i? ' w 

^E/»7205ZS WBdl 

BE »=S 

i^nlSXI -28 9X3 -05 

iwflin 22^ —4? Growto w 9^ —' 3 

gr« n ] ?s+^ .assr. 


EmGQt 24X4 —77 
GrtaAp 1109 —IJ 
GrtnBt 11.12 —12 
NtaRsf 14X2 +07 
Gvtoct 9X2—02 
CATFAp 1000 + 02 




tJYlffl 768—07 
HYTF 7 9X0 +JJ5 

JnffiGv 25.13 +01 
tavQAp 8X8 —01 
TFBdA 1ft® +0y 
TFBdSt 1069 + 67 


#«RtlAp 9X6 
AdiRfTA it 9X6 - 

BaflNt 1850 —16 
BdTAn 1853—16 
CpGTAn 1173 —23 
CcGrtnp 1898 
DtviNt 1815—72 
DhrlTAn 1815 —72 
EmGTA 1063—32 
EqtodNtll.lS +63 
EqWA 11.15 +63 
EqfoTA 11-17 +63 
ElndTA 903—62 
FWtaM 1811 +64 
GAITAn 10X1 +63 
GvTTAn 960 +61 
GvttNt 9.90 +61 
toMuTAn 9X1 +64 
mtEqtat 1162 
IntEqTAnlZOl +.19 
MpSTAn 1810 +61 
MDIIP 1852 +6S 
MDiTA JftS +35 
MOST Afl 9X3 - 

MutnTA 10X7 
Mipil A P 10X7 
SIGvt A P 810 
SIGvfCr 4.10 - 

SlG*/TAn 410 
STlnTAn 9X4—01 
STtolNt 974 —71 
STTnICt ?X* -71 
SOTAn 1020 +72 
SIFTAn 9JJ +61 


AstaAp 11X9—18 EmoGr 2359—30 IfttMnO 10X0 +72 Balance 9X3—61 

ATLAP TS35— 23 Govt 10X7+74 (nfGvfnp 9X6—01 DvretSsi 11XB iSl 

BkjeAp 14X7—17 Gnmttl 3933 —M UlflP 1000 +79 GrStfc 941—09 

CtaTAP 10X1 - Manapad 1X25 —04 Edtacnp 13X0 +.17 UMGr 12X9 T^U 

CcxtAAp 1149 — XS TEBd 1144 +73 Eqtrett n»1506 -73 Uthnlnc 9X9 . 

CmTcA S66— 16 Utffitte* 947 + 65 KSTF 1040 +73 InvQIBd 949 Z 

DvGrAp 19.M +61 _ WOrld 7.10 +06 MtoOGP IMS — 26 Ltd In 1812 I 

EurGrAplOOO +J1 Praartevi 1819—18 PAMunrW049 +03 OH RegSt 14X2 — 09 

GEnAt 11X2 +.14 P!FFxdtacn?Xfi — 01 SmCap Phi 371 —55 OHTF 1043 TS 

GUrvAp 1834 —74 PI FW Mtj fp 10.75 +0) Value TW 1048 _ SPlGtSIk 941 _u 

GIGlAp 1857 —21 Pray tav Counsel: CapAnp 15X5 —.15 SelVcdSt 10X4—02 

GfthAP 1942 — 35 BgvGtf 1878 — 28 SfFE Thisf X9B * 67 SfKfnu 941—02 

HBnApx 8X5—12 h^Grth 100+ — JO HT Funds: US Gvt to 10X3 +02 

IneAp 9J7-+64 _SmCo>Grll69 — *0 Grth toe 2340 — 50 VtaSfk $45 +S 

tovGAw 1026 —05 PrudSpcnp 667 —17 Growth n 1168 -2} soundShn 16X9 —if 


EurGrAp 1060 +J1 Pregrsvi 1819—18 
GBiAf 11X2 +.14 P!FFwf!sicn9J6 —01 
GUnAp 10X4 — 74 PIRrrtMufp1875 +61 
gigiap 1057 —21 PravInvCeunM: 


GrttlAP 1942—35 B*M»f 1878 — 28 SfFE TYusf 3.9B 


IntnndBd p9JM . total 23.1 
SWGvnp 903 _ Ovseas 11 J 

tnttf=xtnpn1O05+6l Society Fondc 
UMtaB 10X0 +JB Balance 95 
IntGvtno 946 —01 DvrstdSf 11X 
totlp 1000 +09 Grstk 94 
EKUicnp 13X0 +.17 UtflGr 12 J 
Eqlndx ml506 —03 mtmlnc u 
KSTF 1040 +03 InvQIBd 94 
MtoOGP IMS— 26 Ltd in 181! 
PAMun re>1O09 +03 OH RegSt 14X: 
SmCap Phi 301 —55 OHTF 104! 
Value tw 10.48 _ SpCrOfc 94 

CapAnp 15X5 —.15 SdVcdSl 10X 


MthCentoiv- — msvc sj/ —sc 
E kjllnvn 15X1—28 ta«^v9_73 —05 

Grwthn 22X0 —4? Growtan 9^ —13 
Kwinvn 10X5 — 30 +6J 

7^ +.11 + - M 

LTBandn 9X9—01 "“mPereiT _ 
Staect n 3744 —XI ^ 

5«gTn 907 _ W1W 1000 

TxETrt n 1819 +01 QuaHty 10X1 —72 
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Utifa n 2841 —92 Wklttrqp FaeaK 
JJSGvShTns^ z wmtn 9.98—01 
Valuen 504 +JB WlrCrtn 1046 +0* 
Vision 904 _J2 WlnMTp 947. +61 


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. GfcRscn 814—77 


HBnApx 8X5—12 IratGrth 100* — X0 HT Funds: 

IneAp 9X7-64 ISmCwGr 1169 —40 Grth toe 2340 —50 


BtaWCednl220 +03 BtaJd 
G ABd n io_07 +JS3 Ealdx 
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gjMA 901 — 04 IntBd 

SSHtt 845 —45 intrru 
GrWncn 9X2 —07 Ml Mu 
Grwthn 1&X2 — XS MwAi 

hwomennxo - WcrkkK 
R«n 1810 +X2 OtGro 
HYBdn 1075 +03 atlnc 
SttTBndn 9X9 —01 dflta 


9X7—2 
1045 —03 
10X6 +68 
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9.92 +03 
9X7 +63 
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dine 1023—61 
G1BOI 1047—09 




MHInAB 1812 +63 

NTaxAnxIlX* +71 
NYTxAp 10X2 —71 
HegFAP 17X1 +X1 
STGvtA 0*245 . 

SmCOpA 1835 —11 
USGVA px 941 +62 
UHAPX 8X9-62 
AsslSt 11X4 —18 
ATLBf 1569—23 
BUroBI 1449— 17 
COlTBt 10X1 —71 
CapABf 1266—26 

CmTcfi 863 —14 
DvGrfSI 19.90 +61 
EuGrflt 965 +X1 
GrthBt 18X8 — X* 


PnMBpcrai 887 - 

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TxaTn 1249 +63 NwpfTTfl 1062 +44 


mu M05 +J9 SAM SC 1343—15 
TaxFreen 944 + 72 SAM Vain 1748 +.1* 
USGav 1843—71 SaTrVlcnBd 1811 " 


MchA 12X0— 29 TaxFreen 944 + 72 SAM Vain 1748 +.1* VAfS 1 

’l-S -■» USGW 1843 -71 SaTrVlcnBd IIL11 _ ww&„] 

Adi At 9XB —71 srnauffio . SaTrVlsnSt 9.93 — li USTMatoer- 

BWCWW ’69—01 AOSGrTn 9.90—10 SpPKht 3112-1X6 Ajto, 

CAtoAp 1060 —01 BOTITn 944 —64 SoPtCnstl ■ 935 +31) F/yt/fa 1 

aittAp lJS-lfl CapGrtO 1161—14 Stepfajodi InsHt IMnr 

&tocA 3X9-63 CdPgJ 1162—13 AstAlIn 949 -.01 Equity i 
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bluer 


Brazil Pact With Banks Marks End of Debt Crisis 


,*"?«* Coup. _ 

(nUBtofte) "**■ % Price end 



Price 

end 


Term 


? anco NacjonoT^ 

^tomerdo&rtericr W ^ 99.722 — Owsr 3 -monfh Libor. Nonerfafee. feta 0 - 35 %. fi.P. Morgan 



— — - — - " 1 ® 75 99^0 — Over 3 -morrttr Ubor. CcrflaMe c* par from 1995 . Fees 0 . 20 %. 

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2004 

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rn. 300,000 

1997 

8 

101 JO 

99.92 

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Capital Corp- 

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m. 200 jx» 

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m. 150,000 

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lavoro.) 

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ecu 300 

2004 

W, 

100.03 

97.90 

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ecu 500 

19 99 

6 

99 jo 

— 

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- Sweden 

ecu 400 

1999 

6 V* 

101.025 

96.90 

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& Co toll) 

Crfedrt Commeraal de 
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r 10,000 

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2014 

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100 


Semiannually. NoneaHafafe. CanvertUe at 1,979 yen per 
share, a 2 h% premium. Fees 2 h%. Denousnadons 10 triinn 
yen. (Nomura M'L) 


By Kenneth N. Gilpin 

Nrw York Times Serm* 

NEW YORK— Brazil, the larg- 
est debtor in the developing world, 
has completed an agreement with 
its creditor t^nirs that reduces its 
$49 trillion foreign debt and pro- 
vides the country with lower inter- 
est rates and new longer-term 
loans. 

Although a number of new debt- 
or countries, most notably Russia, 
still need to reach agreement with 
commercial on restructuring 
their foreign debts, the Brazilian 
agreement reached Friday effec- 
tively ends the international debt 
crisis that began in 1982. 

Although analysts note that Lat- 
in America’s outstanding debt con- 
tinues to grow and remains highly 
vulnerable to a sharp run-up in 
short- icrnl U5. interest rates, those 
who were involved in working out 
the debt problems of the 1980s said 
it was untikdy that defaults could 
happen again soon. 

“The good part of the debt crisis 
is that Latin American countries 
very generally have introduced 
what most people think are much 
more constructive policies," said 
Paul A. Volcker, who as chairman 
of the Federal Reserve Board for 
much of the 1980s was a key partic- 
ipant in debt negotiations. 

One commercial banker who was 
involved in the Brazilian negotia- 
tions said, "You can't rule out an- 
other debt crisis altogether." But be 
added that the chances today were 
less than 10 percent. 

The banker said the chances of a 
recurrence would increase if short- 
term U.S. rates rose to levels that 
exceeded the inflation rate by 4 to 5 
percentage points. If rates readied 
those levels, “we would be scared,” 
he said. Currently, inflation is 
widely seen at about 3 percent. 

William R. Cline, a senior fellow 
at the Institute for International 
Economics in Washington, said, "if 
there is a repetition, it won’t be a 


the Week Ahead: World Economic Calendar, AprH 1 8-22 


A schedule of trite week's economic and 
*n*Mal events, campied tor the infema- 
HooalHerakt Tribune by BkumOerg Busi- 
nessNews. 


tom Pa c if i c 

• Anri) 18 Hong Kong Protestant 
iofciess riguras. first Quarter of 1893. 
Hong Kong ttaBan Trade Commissioner 
Arbeno Musena and feather Industry lead- 
ot to citecrgs marketing strategte s lor Kafc 
raft feather goods to Hong Kong aid China. 
Tokyo March trade figures. 

Singapore Brazilian businessmen host 
seminar on trade and toimftnanl develop- 
ments in Brazi. 

Earnings mmk d Beijing Develop- 
ment (Hong Kong). HKCB Bank Hold- 
ings. Hongkong Building a Loan Agency, 
Shanghai Petrotfiemical Co. 

• Aprs IS Hong Kong February or- 
oets-on-hand data tor man u fact u rers. 
Tokyo Bank of Japan QoMmorYSauWii 
Mfeno speaks at Foreign Correspondents 
Oub. 

Wetangtoa February ref ail safes. 
Earning? expected Tien An China in- 
vestment. ■ V- 

» AprH 20 Canberra New car regte- 
tr aborts tor March. Forecast Increase of 
33 percent 

Canberra Lee Kuan Yew. former Singa- 
pore prime mtotew. to address National 
Press Out. 

Honsj Kong Wilfiam Eberte, former U-9. 
Trade Representative, discusses the pod- 
tics of most-faWBtJd-natkm trading status 
at American Chamber ot Commerce. 
Tokyo Release o*/osaih*idBn quarter- 
ly economic outlook. 

BkUM p or e Asian Paper U4 convention. 
Earnings expected Henderson Land; 
Henderson Investment. Sun Hung Kai Co. 
i iplTt C an berra Indian Vice Praa- 
idant K.R. Narayanan to address National 
Press enm 

Sydney Westpac Banking Corpus April 
consumer confidence survey. 

Sydney Senate Select Committee on 
Foreign Ownership of Print Mecfia 
Kuala Lumpur Thai Prime Minister 
ChuwtLeekpaipaysvisltlowftneesBlgn- 
tng of Tha^-Mateysian production sharing 
contr a ct for an overlapping marine area. 
Hanot Vie*-Amarica Expo *9* irida fair. 
LipPO- 


• April 22 Hong Kong March con- 
sumer price mdex. 

Jakarta Bank UashSi will list end trade 
on the Jakarta stock Exchange. 

Tokyo Japan and the European Union 
to hold mmiatarial meeting. 

Hong Kong Governor Chris Patten to 
■peak at an American Chamber ol Com- 
merce In Horg Kong hjrchaon. 

Tokyo Thai Prims Minister ChuanLeek- 
psi arrives for six-day visit. 

Earnkigs expected China Ughta Power. 

Europe 

■ tSaHlaia Brio week Basel March 
trade balance. 

Frm i kf urt February manufacturing or- 
ders. 

FhKfdurt Mart#) producer price indat 
Forecast Up U1 percent In month. 
FrSaklurt March M-3 from fourth-quar- 
ter baen Forecast Up 14.0 percenL 
Fraefdurt February trade balance. Fore- 
cast 8.7 billion Deutsche mark surplus; 
February current account Forecast 23 
biUton DM deficit 

Romo February producer price byte*. 

. 1 Forecast Up 3.4 pentont In year ." 
Hrialnkl March trade balance. Forecast 
3.4 bMon markkas surplus, 
e April 18 FmnWuri Association ot 
PuMc Sector Banka press conference. 
Bundesbank council member Edgar 
Meater to speak. 

Lo n do n March producer price index, 
excluding food, dnnk and tobacco. Fore- 
cast Up 25 percent (n month. 

Paris Bark of France securities repur- 
chase tender. 

• April 18 Parte February trade bal- 
ance. Forecast 48 Niton franc surplus. 
Stockholm Issue ot 10 WBon kronor In 
20-yaer Index-Bnked bonds. 

e April 20 Dosseldorf Bundesbank 
council member Reirnut Jochimsen holds 
non confere nc e on European Monetary 
Untoa 

Fmkftnt B un desb a nk aHoto securities 
rep urcha se s . Some 803 billion DM of re- 
pob awarded at a lowe st 5.73 percent 
expire. 

London March unemployment rate. 
Forecast Down 25.000 in month. 

London February average earnings. 
Fore ca st Up 335 percent in month. 


Earnings expecte d NedRoyd Groap NV, 
Deutsche Aero sp a c e AG. PacMney, GAN. 

• April 21 London March retail safes. 
Forecast Up 03 percent In month. 

Parte Bank of France council meeting. 
A ms terd a m ABN Amro Bank NV pub- 
lishes amual report news conference. 
Luxembourg EU Industry monsters re- 
view plan to reduce steel output compatt- 
tfw position of EU nxtie and car Indus- 
tries. 

■anringa expected Atbed. 

Aroortew 

e T em aBm a this meek Earnings ex- 
pected Blockbuster Entertainment 
Corp.. Bristol-Myers Squtoto Co, Dean 
Witter Dtecovar, General Dynamics Corp^ 
Hadey-Oevidson bt cl, KaUogg Co.. Manilt 
Lynch, Mr. Coffee Inc, Northwest Airlines 
Carp.. PetoeWebbef, Schhimbergor Ltd, 
Sears Roebuck & Co, Westing house 
Electric Corp. 

• Apr! 18 Maw York Oracle Systems, 
Corp. wW announce new technology and 
partnerships Curing a »muJcasJ from Now 
York and Ma as tricht the HahertenB s . • 
Toronto twor co m Ontario Conaanium 
to announce a trial of smart homes. 



Birmingham. Alabama U.S. District 
Judge Sam Pointer wB announce delate 
of an historic 84.7 baton settlement of 
claims against manufacturers of silicon 
breast Implants. 

New York The American Society of 
Magazine Editors hokfe Its 8th Annual 
Editorial Conference, featuring a panel 
Including OVC Chairman Barry DBor. Dis- 
ney Chairman Michael Eisner. Time 
Warner President Gerald Levin wxt ICM 
Chairmen Jett Berg. 

Earnings pip e tte d Banc One Corp, 
Chemical Banking Corp, Chrysler Corp.. 
Con tin e nta l Bank Corp, First toterWale 
Bancorp, H oneywek Inc, Mellon Bmik 
Corp, Pacific Tetotes Group. PttHap Mor- 
ris Cos., Polaroid Corp, Raebok Interna- 
tional Lid., Scott Paper Co, Sprint Corp.. 
Travslera Inc, Tribune Co, Wefls Fargo & 
Ca 

• April 20 Washington March hous- 
ing starts. 

BraeMa Congress to vote on whether to 
continue revfmvof constitution: 

Attente American Talephone 8 Tele- 
graph Co. sh areholders vote on proposal 
ro change company's name to ATiTCorp.' 
Eamtoga a w p e L te tl AT&T, Amah tech 
corp, AMR Corp:. BankAmarica Corp, 
BaRSoulh Corp, BeH Atlantic Corp, Com- 
paq Computer Corp, ITT Corp, Lotus 
Deve lo pment Corp, Pfizer Inc, South- 
western Bell Corp, Texaco Inc. 

• APT821 Phltertalphte ThePhnadel- 
ph*a Federal Reserve releases its monthly 
survey of economic acttvfty for April 
mchmoad,Vtrgktte Philip Morris annual 


8Choois, bus i nesses and governments 
connected by a ^roadbano network. 
Eamlage ea p e cted Adoifte Coora Co, 
Chase Menhatan Corp, Citicorp. Federal 
Home Loan Mortgage Corp, Intel Corp, 
Medal Inc, McDonnell Douglas Corp.. 
McGraw-HU Inc, Microsoft Inc, Nations- 
Bank Corp, Reynolds Metals Ca. Roclv- 
wed inte rna ti ona l. U S West Inc. 

• April IB W ashin gton February US. 
trade balance. 

Ottawa February Canadian Irmmatson- 
altrode. 


Jantfa go Empress Na dona da Bectrt- 
cktad SA aha rehoklOT vole on a share 
Issue worth S1 11 mHBon. 

SsoPsuto inflafion tor second week in 
AprtL Outlook: Up bom 43.17 percent. 


Apple Computer 
Inc, Bonk of Boston Corpi. Bankers Trust 
New York Corp, Gillette Co, totomationte 
Business Machines Corp.. KeyCorp, 
Krfgtd-fl rider Inc, MCI Communications, 
Monsanto Co, Nyne* Corp, Phelps 
Dodge Corp.. Silicon Graphics Inc, Taxaa 
Instruments Inc. 

Eamtoga expected Exxon Corp, ffld- 
tfngs & Lawfe Inc, Tandem Computer. 


YEN: If Currency Management Has Run Its Course, What’s Tokyo to Do? 


Contimied from Page 11 

is no money available to respond to 
interest-rate differentials, Mr. 
Koo said in an interview. 

: - By his count, Japan Inc.'s invest- 
ments in foreign assets “have been 
nothing short of a disaster" —-re- 
citing in a foreign ex c ha ng e loss 
S ince 1 985 of $320 billion. , 

This is net of any hedging. “Indi- 
vidual companies may think they 
ran hedge currency exposure, but 
collectively the nation cannot 
hedge its current account surplus," 
be explains. 

: Thd outlook on oatflows win 

REBOUND: j 

Contained from ^ 
ship-making equipment would 
grow endlessly, pouring v ast sum s 
fern new fatalities and increasing 
tojyloyaiem by about 25 percent 
oyer Give years.’ 
i Those added costs are 

jgsa*tft»sff heavy bnrdffl now um 

Bobtfstic sales prospects have eb- 
ftMtod and the strong yen. has 
d exports. In 19g 
ist more than 5100 ndBwn, 

- om the profits of the prtvx- 
btks six yeare. Rather than lay .off 
^orfests, the cont^suy is hui^e®j 8 
down and prepanug to absorb an- 
btbsr' loss tins year. . 

* Japan wiD no doubt remain one 
of the world’s most prosperous 
countries, and its industrial giants, 
with .-their unsurpassed manufac- 
ttging skills, will continue to pose 
setims competitive threats to fcaa- 
ink tLS. companies. 

But ^here is !i trie hereof a major 


previous recession.” the Japafi R®* 

st^Insiituic.anafiiliatcofSumi- 

ff 0 o Bank, said in a recent report 
that predicted average annual 
growth of just 2 percent for the 

ranainder of most of this derade, a 

marked slowdown from the 5 per- 
cent-plus growth of the bubble era. 


probably become dearer this wed: 
when Japan’s life insurance compa- 
nies, among the largest investors, 
are to announce their investment 
plans for the new year. But com- 
ments reported from Tokyo by 
Bloomberg Business News already 
indicate a strong p reference for 
keeping money at home. 

A spokesman for Nippon Life 
Insurance Co, Japan’s largest in- 
surer, said most of the company’s 
money will go into domestic bonds, 
money market instruments and 
corporate loans. It will avoid in- 
vesting abroad during the coining 
year, a spokesman said, due to con- 


To understand bow far Japan’s 
economy has sunk, consider how 
the Keidanren, the nation’s most 
powerful big business organization, 
has changed its attitude toward for- 
eign competitors. 

Ln early 1992, when Japan’s eco- 
nomic juggernaut was stiu arousing 
fear and resentment abroad, Kei- 
danren officials urged Japanese in- 
dustry to adept Western business 
practices so that U.S- and Europe- 
an firms could survive the on- 
slaught of Japanese competition. 
Under the Kodanren proposal — 
dubbed kyosd, or coexistence — 
Japanese companies would drop 
such tradi tional, “predatory" be- 
havior as Single-Handedly pursuing 
global market share. 

Two years later, Keidanren offi- 
cials sheepishly admit that they 
have abandoned kyoseL The orgn- 

nDation still encourages member 
firms to adopL certain Western man- 
agement techniques, but it enconr- 
flg« dm m do so to heto Japanese 
businesses keep up with VS. com- 
panies that are dominating such key 
i ndus tries as software and multime- 
dia, not as a Favor to competitors. 

Some-even predict that the worst 
is yet to come and that Japan's rate 
of unemployment will rise tins year 


cent over the instability of the dol- 
lar-yen rate. 

Mr. Koo believes that the dereg- 
ulation of foreign exchange con- 
trols in the 1980s unleashed a buy- 
ing spree of foreign assets. The 
unnaturally weak yen further 
boosted the current account sur- 
plus, which then put upward pres- 
sure on the yen and multiplied in- 
vestor losses on foreign 
investments. 

“The net results are huge foreign 
exchange losses, the rapid appreci- 
ation of the yen and the ra pid ero - 
sion of the export sector’s competi- 
tiveness,” he said. 


wefl past ibe previous peak of 3.1 
percent It is currently a relatively 
painless 23 percenL 

The recession underscores weak- 
nesses in the economy that can be 
traced to events of the mid-1980s, 
when Japan's huge trade surpluses 
drove the yen up steeply against the 
dollar and other currencies. Japa- 
nese companies reacted by shifting 
su bstantial amounts of production 
to Southeast Asia, North America 
and other lower-cost regions. 

But after the brief recession of 
1985 and 1986, corporate Japan 
began furiously expanding its do- 
mestic prodcctian, hiring armies of 
workers and investing in new 
plants and equipment with unprec- 
edented Ta d to service consumer 
(faminii resulting from the bubble 
economy. Eves is 1991, after stock 
and real estate markets had begun 
to rnrnhle gj gnaHng the unsustain- 
able nature of the boom, Japanese 
companies continued to increase 
their capual spending. 

“We had this arrogance, t hi n ki ng 
that this strength of the Japanese 
economy was real, that there was 
some new ‘era of Japan,’ ** said Mi- 
kio Wakatsnki, a former deputy 
governor of the Bank of Japm 
“But now we are paying the ML” 


“If this trend is left unchecked, 
Japan's best industries, the manu- 
facturers, wiD have no choice but to 
move abroad.” 

In the 1980s, Mr. Koo said, it 
was Japanese investors who effec- 
tively subsidized exports by keep- 
ing the yen artificially low. Today, 
he adds, “it is the taxpayers who 
are now being mobilized to subsi- 
dize the exporters. But this cannot 

go on forever.” 

—CARL GEWTRTZ 


Euromarts 
At a Glance 


Eurobond YMds 



ADT.15 

Apt.B 

YrUto 

Yrkm 

UJ.fc.lMW term 

7JS 

7.n 

7JS 

421 

UJ. fc autei tens 

un 

677 

611 

US 

UAfc start tem 

4.15 

640 

612 

tte 

Ptetedstecrtfee 

7JS 

t m 

7Jt 

634 

RHtetoeo 

673 

64* 

673 

5J7 

itetwiare 

B41 

U 

■50 

7jn 

PaeMi Icwa 

673 

6» 

6N 

670 

Swedteb fcrooo 

7*1 

7JS 

7J4 

7j« 

ECU, tees term 

7.W 

IJ» 

7.15 

610 

EClfc eras term 

6J4 

643 

644 

541 

Cam.* 

U4 

13B 

fc«1 

43 

se.t 

■33 

117 

■23 

650 

NAS 

7JS 

7JH 

747 

6W 

Yte 

1W 

too 

611 

247 


Source: Luxembourg Stock Exchange. 


Wrakly 

Sato 

S 


Apr. 7 

tewanr Mertri 





Cede) 

Emedeor 


1 

meet 

s 

MODS 

Stretekts 

5600 

1053 

1253 

ai3 

Cnerart. 

LH 

71* 

1550 

34UD 

rate 

271.3 

— 

3311.50 

— 

■CP 

*20711 

*7913 203050 

7JB2.H 

few 

■58550 

540650 2*3640 

748*40 

SfufteenrHertte 





Cede! 

Eeradeer 


3 

Mete 

5 

note 


StaMh 7tolAnZ3M39 am* 21S4UB 
(HWt S5M0 «IL« RJ IMLte 
UAH U9U0 VSOA xom 
UOUBIftfSMft 1UK5 4m* 
mi».U> 2*1150 U.WM *tXBM 


mis 
ECP 

TStel 

Source: Eetedear. Cadet 


Ubor Ratos 

1-ounf 

OS.S » 

DeteRMOWt 511/1* 

P late UHlteu 5 3/16 
FnxSMK 4 1/16 
ecu *i/fe 

Yea 15/16 

Sources: Lloyds Bonk, Banters- 


MOOOfe 

Apr. B 
i mentti 

41/1* 

4706 

5te 

5V4 

53/14 

55/14 

4 1/14 

4 

415 

* tnt 

15/14 

va 


threat to the financial system as the 
last one was.” 

He said that the banks were 
“much less heavily exposed in these 
countries than they were in 1982 
and the losses they would take, as a 
percentage of their capital, are 
much, much smaller than they were 
in 1982." 

The crisis starred with Mexico’s 
announcement that it was no long- 
er able to make interest or principal 
payments on its foreign debt, and 
grew as other countries followed. 
The problems severely strained the 
world’s financial system and 
curbed economic growth in Latin 
America. 

Bui since the late 1980s, when 
the United Stales led a new effort 
to resolve the crisis, big debtor na- 
tions inside and outside 
America have received a reduction 
in their financial burdens in ex- 
change for changes that both 
opened their economies and helped 
curb rampant inflation. 


For Brazil, Friday's agreement 
will cut its outstanding foreign 
bank debt to commercial banks by 
S4 billion, to S45 billion, and re- 
duce interest owed by another S4 
bzUtoo. The agreement is crucial to 
Brazil’s efforts to liberalize its 
economy, attract foreign invest- 
ment and stabilize prices. 

Brazil's total debt burden, in- 
cluding loans from banks and from 
other governments, totaled $ 121.1 
billion at the end of 1992, accord- 
ing to the World Bank. 

Mexico was second with 51 13.4 
billion, Argentina third with S67.6 
billion and Poland, which reached 
a debt-reduction agreement with its 
banks in March, fourth with $48.5 
billion. 

For the 750 creditor banks in the 
Brazilian agreement, the incentives 
for an agreement were the guaran- 
tees they receive on payments of 
debt and interest. In addition, the 
accord could provide profits for 
some banks by increasing the value 
of the debt on their books. 


Brazil and its banks have ex- 
changed old loans for new bonds 
backed by guarantees on payment 
of principal and interest Among 
the old debts were about $3 1 billion 
in loans that had been restructured 
in previous, unsuccessful efforts to 
resolve the country’s problems. 

In addition, Brazil received $3.8 
trillion in fresh loans and the banks 
got $5.6 billion in unpaid interest. 

The Brazilian agreement caps 
five years of successful negotiations 
with Mexico, Argentina and other 
debtors that began after the Bush 
administration outlined a new debt 
policy known as the Brady Flan, 
named for former Treasury Secre- 
tary Nicholas F. Brady. Under the 
plan, bankers were encouraged to 
help debtor countries reduce their 
burdens, while the foreign govern- 
ments were required to reduce in- 
flation and open their economies to 
foreign investment 

Although many bankers were 
initially-critical of the Brady Plan. 


they now acknowledge its impor- 
tance in sol ring i-atin America’s 
debt crisis. 

“The architects of the Brady 
Plan have never been given enough 
credit” said John McGillicuddy, 
former chairman and chief execu- 
tive of Manufacturers Hanover 
Trust Co. and, later, of Chemical 
Banking Corp. 

“As a result of the plan, banks 
were able to liquefy and recover 
much of what we had lent out 
Without the Brady Plan, the eco- 
nomic circumstances of the hemi- 
sphere would be quite different” 

The banks recovered much, but 
by no means aO, of the value of 
their loans. 

According to the Institute for 
International Finance, commercial 
banks have reduced the face value 
of their claims on debtor countries 
by about $90 billion since 1985. 
The Brazilian deal adds to that to- 
tal. 


le 

a 

it, 

h*l 

i- 

y * 

w 

O'* 
e ’ 
e ' 


Last Week’s Markets 


AttHoum on os of dose ol trading Friday 

Stock Indexes 


Money Rates 


(Med Stales 

Apl 15 

Apia 

am 

United Store* 

AP1 15 

APIS 

OJ Indus. 

3A61A7 

167626 

—035% 

Discount role 

330 

330 

DJ UtiL 

19624 

19663 

—030% 

Prime role 

616 

6b 

DJ Trans. 

1AUL2S 

7637 

—1X6% 

Federal funds rale 

3Vs 

35/16 

S&P100 

611J1 

41274 

—035% 

Jaraa 



5 & P 500 

S& P tnd 
NYSE Cp 
Brtfeto 

446.18 

518X1 

247X5 

447.10 

mw 

24829 

—031% 

—087% 

—036% 

Discount 

Call money 

3-monttr Interbank 

HA 

2Vk 

23/16 

1%, 

21/16 

214 

FTSE 100 

114830 

xmao 

+ 132% 

bflfuHgTT 



FT 30 

1507.40 

2467.1 D 

+ 163% 

Lombord 

634 

V* 

Japan 



Call money 

565 

585 

Nikkei 225 

20,166 

19J3S 

+ 1.15% 

3-month fnteraank 

565 

546 

Germany 




ttrltote 



DAX 

Z20CL42 

220334 

— au% 

Bank base rate 

5% 

5% 

HongKOH 




Colt money 

5 

580 

Hong Seng 

9^3604 

939822 

+ 256% 

3- month interbank 

5Vi 

5V4 

wend 




field Apl 15 

Apl B 

Cktec 

MSC/P 

60530 

6Q5-40 

+ 0146% 

London pun, Rxs 377.00 

38545 

—219% 


Warttf Index From Moryan Sta nl ey CooiftX Wt 





i 


This week’s topics: 

O That Eye-Popping U.S. CEO Pay 
O Can Nike Outrun Rivals And Reignite Sales? 

O The Trouble With Saatehi 
O Polygram is On The Move In The U.S. 

O Bugatti Is Back And Only $350,000 A Car 

Now available at your newsstand! | j 


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Pagel4 INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 

GVSMANYtlOAd^H^^^DoingBuanexiatHomeyEMnprenamSeeAeFuOmmEmttm^V^ 

Coatimied from Page 1 When measured with other yard- bitterly condemned for demanding British who are watching us suyi- 

empire, a greater power than any- 15 a^MdKriarTmdependence, Committee Tor the German Econo- ciously: f<SS 2d SlS^Uion ^acquimjg 1* 


empire, a greater power than any- 
thing else on the Continent*' 

But in Eastern Europe, at least 
the empire is emerging slowly. Of 
more man 15,000 joint ventures 
now operating in Poland with $18 
billion in foreign capital, only 
1,500, worth 5120 million, involve 
Ge rman companies, according to 
Polish trade officials. Five of the 10 
largest projects are American, in- 
volving International Paper, Marri- 
ott Coca-Cola, PepsiCo and Levi 
Strauss, with the biggest German 
enterprise ranked 12th. 


foreign 

ranks second to the Americans. 
The Germans are also second in 
Slovakia, behind the Austrians. 
And of $62 billion invested by for- 
eigners in Hungary since 1990, 
German firms account for about 
one-quarter of the total 


sticks, the German presence is 
more formidable. As a conse- 
quence of geographic proximity. 

Germany is the biggest Western 
trading partner with virtually all of 
the former Warsaw Pact nations. 

Last year, Germany imported $6.1 
billion worth of goods from Po- e“ ■ *•* “ — “ • ; 'c,7„w 

land. Hungary. Slovakia, Slovenia, will place Eastern ™ope 
Himgaiyid the Czech Republic al incorporation miothcEur^can 
combLied. while exporting J7.6 bii- Umon « thejopof £ 


Quick recognition in 1991 of Cro^ Fink, an official with the Astern 
atian aodfloveman independence. Committee for the German Eco n °- 
which some critics charge acceler- my^ private raeanAgn^. 
ated the breakup of Yugoslavia and Bonn officials also see to*r 

the catastrophic civil war there. country as a natural fandMs iaufy- 
More recently, and with a more ing two halves of jhe^ Comment 


British who' are watching us suspi- 
ciously: We are demanding that 
Eastern Europe become the focus 
of the European Union’s efforts for 
the next decade or so._Were de- 
manding that it be multilateral .By 

. T ,L!. nu'f* mil int 


we have.' 

For many German companies, 

l East is a matter of surwaL 


uiuupvu. — r 

Henkel operating mostly through 
its Austrian subsidiary, has invest- 
ed S150 million in acquiring H 
subsidiaries or affiliates in Eastern 
Europe, according to company fig- 
ures. 

Sales from HenkeTs business m 


SHORT COVER 


asju'mes ± e Union’s policy of wrapping our tentacles ail turning East time, Henkel cut 1,600 jobs in Ger- 

honm German goods, according to wnra i noun around Eastern Europe, a senior By shifting production to aij® . I9g3 ^ ^ 10 ^ 

the Economics Mm.su,. TgStStoAii engage- Foreign Wn oflida 1*1 .TT with towlator - S “ijSS this j£. hew* fa 

ment with die East as a sensible fire that were so, then we d have com- environmental reguia _ m »-t» awwimts. the eastward pivot 


12ICO J uuuuu us tww— — 

though much of that is in the form 
of export guarantees and projects 
that largely benefit German com- 
panies. , 

Politically, the Germans also 
have become more assertive when 
it comes to the East. Bonn was 


V 

Band Corp. showed that Germans 
now consider Eastern Europe and 
Russia to have supplanted France 
as preeminent among Germany’s 
“vital interests.” , , 

“Germany will immediately be 
hit if our neighbors to the east are 


urc utai *v«*y 11 - 

national baas, say a German bilat- 
eral relationship with Slovakia or 
Poland.” 

“It would be very easy to tell the 
Baltics: ‘Come on, well set up a 

special economic relationship with 
you. Be our Panama.' ” 


QCSS al a muc wuwu «iv r-; — 

of doing business is suffocating 
German enterprises at home. 

The attractions of operating in 
the East are apparent in the for- 
tunes of the Henkel Group, an in- 
ternational maker erf detergents, 
shoe polish and other chemical 


deepest 

World War it economists predict. 

“We can't deny that we have 
connections in Eastern Europe,” 
said Hans-Christian Rachel a se- 
nior official at the EconomicsJVlm- 
istry. “It’s paramount for us.” 



Ailing State Companies 
Stoke China Inflation 


Rjciiahu Brinson, Fmmikii wn Chikt Exhottivk. Vihcin An a ntic Aiwwavs 

J eople at the top read die Trib. 

No local bias. No national slant. No partisan viewpoint. 
Simply a balanced editing of the news 
for people with a stake in international affairs. 

INTEBNAIIONAL 



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Reium 

BEIJING — China’s fight 
against inflation is being seriously 
hampered by the need to pump 
cash into increasingly ailing state 
companies to keep them afloat, 
economists said Sunday. 

Figures released by the State Sta- 
tistical Bureau show a wretched 
performance in the first quarter by 
the slate sector, almost half of 
whose companies lost money. 

The bureau, quoted by the Ch ina 
News Service, said output by slate 
’• ^"2 percent in 
ae period in 
compared to 32.1 percent for 
ihe collective sector and 19.1 per- 
cent for other sectors. 

It said the plight of stale compa- 
nies, especially in mining, coal pro- 
duction, machinery and metallur- 
gy, was worsening. Many were 
dosed or working only half-time 


The bureau reported last week 
that overall industrial output in the 
first quarter of this year grew by 
18.6 percent over the same period 
last year, compared to a rise of 23.6 
percent for the whole of 1993 over 
all 1991 

Retail prices rose more than 20 
p ercent nationwide in . the first 
quarter over the same 1993 period, 
compared to a 13 percent rise for 
the whole of 1993 over 1992. 

The bureau said the immediate 
ca tty* of the state companies’ woes 
were credit shortages and a 
quieter than a year ago. Bt 
management and long-tern 
were underlying problems. 

“Those that should die do not die 
and th os« that live cannot live 
wdL” « said. 


Northrop’s Grumman Offer Succeeds 

LOS ANGELAS (Mrt - 

complac the EJ Mton ^ olpire4 „ had 

oonnnon slock, repreoidng 
feSBaSgSo. Completion of tie S62-a- 
toM^Sa^o^S'sncrivm EW o.thtids of Ihe shares. 

fliiria Slows Electric Power Growth 

S .hgnffiria China Daily niponed Sunday. 

immuuu, rfartuA IflSl Veflr WK 


1 AJU 11 U 3 UAAIU 1 W i/hrtm— - ■ 

^nS^Sthoped to attract $25 
investment in power plants by the end of- the century. Interaational 
investment ban^SdpoUr utilities that answered the call say their 
projects have been stalled at cabinet leveL 

Eurotunnel Restructuring to Come? 

LONDON (Bloombere) — Eurotunnel FLC, which manage the 
rhannei tunn el linking France to England, will be forced to conduct a 
capital reorganization within the next four yeare, the Independent on 
Sunday reported. 

The newspaper said the forecast came from Klesch.& Co, proNem- 
ddrt specialisis, despite Eurotunnel’s imminent stock sale. It said Iflesch 
predicted in a report to be published Monday that swckhoWere’ funds 
will be diluted when Eurotunnel carries out a debwo-equity swap. 

D ollar Buyin g Lifts Manila Reserves 

MANILA (Reuters) — The Philippines’ gross international reserves hit 
a record S6.8 billion in mid-April, boosted in part by central bank dollar 
buying to keep the peso from rising against the U.S. currency, officials 
said Sunday. . - • ■ ■=■■■• • 

Foreign exchange purchases by the Central Bank this year amounted to 
S1.06 bfflioo as of mid-April from $600 million the month before, the 
bank’s deputy governor, Edgardo Zialdta, said. 

The peso rate against the dollar has hovered around 2755 over the past 
two weeks. 

Hungary to Buy Back Hersant Papei 

niro*nccT/*cm TV.. Uimmrlan ctnt* w to ihniv hart a 97.-nerc 


■ quoted officials as ^OTlUg- , 

Magyar Nemzet, winch Socpresse bought in 1990, has accumulated an 
$8 tniffinn debt, Magyar Hirlap said, and Hungarian authorities feared 
Socpresse would declare it bankrupt. 

AY Rl, which manages stateKiwned assets, will buy back the paper 
because “it forms an integral part of Hungarian culture,” the chief of AV 
Rl, Lajos Csepi, was quoted as telling Magyar Hirlap. 


Economists say the govem- 

dosed or working only half-time mem’s inability to cure the chromc - - 

a^unSle to pay wages because sickness of st^ewmmes n i* For the ReCOrd 

banks had tightened credit mjg' of toe ^ Spain ^ had signed a limited agreement with United 

Even Beijing’s Capital Steel fuel Airlines to coordinate timetables and some promotional and commercial 

Works, considered a model riate Epeammgm a ^ m tdtimam code^hari^ (Reuten) 

company, could pay wages ^ p Advance Synergy Bbd. erf Malayaa said it had abated a $34-mfllion cril- 

mary only by getting bank loans. , «r - 1 «^ «r asr 


1989. 

“China’s central bank is issuing 
too much money” said a visiting 


The bureau said 49.6 percent of ^ a IT Ustnrindo last NovembeHor a « 

state companies were m joss m the too mad* pero^Ske in the exploration of four fields owned by Ustramda (AFP) 

fintquartj.up^^roreta Itotartan ASk^ M«i«tfWn^ Ok of Ind^ 

/pt Oima oirmot control ventures for cooner and tin mining and smelting projects in the eastern 


15.7 billion yuan (SI. 8 billion), up 

79.7 percent. 


stand why Ghina cannot control 
inflation.’ 


iimuuauili /UIUJ3 1TI1WHIW1H mft VAN WI Jr J 

ventures for copper and tin ™«ing and smdting prefects in the eastern 
state of Orissa, company officials said. (Reuters) 


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« 



INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


Page 15 



tattit limits Cable Invesi 

Ban on Foreign Partners Will Hamper Growth 


% Kevin Murphy 

HONG KONcZ7l HeraJdTntune 
about social instabOitTS concerned 

from esiablishinn . ' ore, 8 n companies 

stations. B and °P«*mB cable television 

China fiS'SoTJSS S * tod ^ in 1* 
in existing TV operaUonr i ^ J ° in *H V f nlUre 
international media wdl furlher hamper 

chances of nrofiiincf 0 /* te *®®p™mumcauons groups' 
whichln «* China Market, 

commereiJuucc^sbi m many 

v Snnv* rntui*. 


dissemination of foreign news. This had begun with a 
nationwide ban on the unauthorized use of satellite 
dishes. 

The dish ban, aimed principally at Rupert Mur- 
doch's Hong Kong-based STAR TV and. a growing, 
body of industiy rivals whig satellites to spread their 
uncensored programming across Asia, was announced 
last October and went into effect this month. ■ 

New regulations still to be released in their entirety 
contain strict operating guidelines for a burgeoning 
cable television industry now serving as many as 30 
million viewers, mostly urban, according to the China 
Daily report. 

The regulations indude bans on the relay of pro- 



Ministrv of RaH;„ ti wuu, director or me 

. . J ^ 1X^010. rllm nnii T^l »_ . , _ « uiuauuui Ui viiwu utpu *u*u m mj nun.ii ua« 

sion division, China Daily said “Thcfr SfcSms ^ deared b> **“ Chinese government, 
have been rejected." y a PP hcauons «No reactionary, pornographic, or violent prc* 

The restrictions come at a j grams, or programs harmful' to slate security and- 

casters have intensified ^ orcign broad- social stability may be aired," said the Beijing report. 

China market and when BeinJIf I f E P il, tC l? en w ” 16 ^ ll added dial cable television "should serve as the 
die flow of uncensored dc T Q - 0n « Communist party and government's propaganda loci 

information. ^ ecOQOmic “ d P°^cal wh iJ e emertmning ;idem-. 

e “ nomy ^ led ? 

insiahUitt ?2 5 .R U ^ Bei J i . n S on guard against the sodal 

do«i! £»“ ™ 1 ““ thc “““o' 

attempt to lessen uncensored pro- 
T~I r ~ M a calal > sl for new distur- 
bantes, Beijing has taken further steps against the 


tween international program suppliers and domestic 
distributors. 

The encouragement of cable distribution elsewhere 
in Asia allows greater scrutiny of profits and program- 
ming by governments that fear undesirable foreign 
cultural influences and rader competition for their 
often staid national broadcasters. 


Brussels Notebook 


EU Transparency Goes Just So Far 


JoSo de Deus Pinheiro, the European 
Union's comm unica lions commissioner, is 
Ending it isn't easy to put into practice the 
executive Commission's supposed policy of 
open information. 

In the face of heated questioning on Fri- 
day, a commission spokesman confirmed 

Italian reports that the commission had 
stepped up infringement proceedings against 
Italy for allegedly violating the Union’s 
broadcast directive. Italy is alleged to have 
allowed too many television commercials and 
to have discriminated against foreign broad- 
casters in advertising. 

The commission's action, which gives 
Rome two months to amend its broadcast 
rules or face a suit in the European Court of 
Justice, had actually been taken on April 6 . 
The very next day, Mr. Pinheiro had prom- 
ised at an unrelated news conference to make 
good on the commission's transparency poli- 
cy by making documents freely available. 

Openness gees only so far, however, as 
reporters discovered when they tried to get 
the details of the Italian TV case. Commis- 
sion rules prohibit any disclosure of infringe- 
ment proceedings against EU members un- 
less the commissioners decide otherwise, ihe- 
spokesman said. Mr. Pinheiro found that out 
the hard way only three weeks ago after 
arran g in g a news conference, and preparing 
press releases to disclose infringement pro- 
ceedings against Britain for alleged violations 


of EU broadcast rules, EU sources said. The 
conference was canceled and the releases de- 
stroyed, they said, although the story quickly 
leaked out 

The gag rule is getting a lot of use these days. 
Two months ago, the commission said it had 
begun infringement proceedings against mem- 
ber states for some 2,000 violauons of EU law. 
ll gave details of only, three cases. 

Testing the limits of EU Law 

It was a bad week for EU law. Not only did 

Greece become the first member state to find 
itself hauled into the European Court be- 
cause of its embargo against the former Yu- 
goslav republic of Macedonia, but France 
and Germany — the self-proclaimed pillars 
of European integration — were attacked for 
supposedly undermining Union law. 

After a meeting of fishing ministers failed 
to agree last Tuesday on a commission plan 
to phase out the use of drift nets, France's 
minister of agriculture and fisheries. Jean 
Pitech, claimed victory, saying French fisher- 
men could continue to use daft nets without 
restriction. But one EU official said other 
countries believed the lack of decision 
amounted to a de facto ban on nets, 

Germany angered commission officials by 
renewing its opposition to EU banana-im- 
port quotas at the signing of the world trade 
agreement in Morocco. Although Bonn even- 


tually swallowed its objections and agreed to 
await a European Court ruling on the quotas, 
commission officials said Germany's stance 
posed a threat to the Union’s majority voting 
system, by which the quotas were imposed 
over Bonn's objections. "If you challenge 
that, we're lost, 1, one offidal said. 

Once Again, Cash Is the Key 

EU fordgn ministers are expected to take a 
modest step toward developing a truly common 
foreign and security pdicy this week by approv- 
ing a major comrrassion role in ihefinanang of 

the Union's peace efforts in Bosnia. 

The commission will contribute 10 million 
European currency units ($1 1-3 million) out 
of a total budget of 24 million Ecus to set up 
an EU administration in the Muslim enclave 
of . M os tar, EU officials said. 

Money is the key to deciding whether EU 
foreign policy initiatives will come increas- 
ingly from Brussels, as the commission — 
with notable support from Germany — is 
hoping, or remain in the hands of national 
governments, as London and Paris prefer. 

One EU diplomat said the foreign minis- 
ters, using M os tar as an example, were likely 
to endorse a compromise calling for financ- 
ing to be decided case by case bm with a 
"clear preference” for commission funding. 

Tom Buerkle 


OECD Warns 
Turkey on 
Inflation 

The Associated Press 

PARIS — Turkey’s economy is 
being steadily underinined by gal- 
loping inflation and high interest 
rates, and it is more urgent than 
ever for the government to get its 
finances in order, the OECD said 
Sunday. . . 

The Organization for Economic 
Cooperation and Development, in 
its annual survey of the Turkish 
economy, was gloomy about infla- 
tion there. It said inflation is likely 
to continue rising in 1 994, reaching 
78 percent before abating slightly 
to 73 percent in 1993. 

The report was drafted in Febru- 
ary. This month Prime Minister 
Tansu Ciller announced a rigorous 
austerity program, accompanied by 
a 28 percent devaluation of the 
Turkish lira. 

The economic recovery package 
includes closure of unprofitable 
state-owned enterprises, mass lay- 
offs, large-scale privatization, the 
freezing of wages, drastic price in- 
creases and measures to tnm fund- 
ing of public deficits. 

The OECD forecast assumed 
vigorous action to cut the deficit. 


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Continued on Page 17 


Micrdy 

Micron ll 





less popular views of Spain. 

travellers who thought they V seen everything 
ions of Galicia^ Asturias,- Cantabria and the 
a pleasant surprise around every corner 
lush valleys against a perpetual backdrop of mountains 
of “Green” Spain. The daily discovery of hidden gems, be 
or the uncannily orange sunset in Naranjo de Bulnes 
of the ocean, simply take the nearest wooded valley to the coast, 
hing boats returning with your supper • It’s at times like these you’ll 
colours. ^ 



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for life 


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A great new plus. 
The more times you fly 

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For First Class, the normal miles you receive are the 
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o N 


INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18. 1994 


I 


Sonics Win 60 th, 
Beating Rockets 

^ The Assonmeti Pr*~- 



'ffe/ied 

^krd 


The Associated Press „ t , 

ste re f 1 

ning 60 gaiSf- hi fh ,9r 10 win - "25«Ia 
fiou games, their coach. The 34-' 

posted its S^tJe’sld 

with a 100-97 dtfeal rSnh,.^? 00 ' s f aso ? s 8°' 

ton Rockets oaSaSi^ v ^ eHoas " ^ oota5 P 111 

n^r5 eTnph ^p°^“d 

^o36th teaman leagueMstory^o *□»* 


_ NBA HIGHLIGHTS 

^ as many as 60 games in a sea- 

w °n their fifth in a row 
and 14th out of 15. 

Hakeem Olajnwon scored 31 
FWinis and Vernon Maxwell 30 for 
w j»° ^ve 56 victories 
and iheleagues second-best record 
this season. Houston had a six- 
game winning streak ended. 

Of the 35 dubs to have wot 60 
games, 17 went on to win the NBA 
SS?££ ?Ship in the playoffs. The 
*992 Chicago Bulls woe the last 
team to win 60 games <67) and then 
win the title. 

The Sonics moved within one 
victory, or a Houston loss, to get- 

tinn Kama f . ® 


w , — - — ■ Liiiuugu- 

Je playoffs, which begin April 
28. They have four regular-season 
▼games left, the Rockets five. 

•‘Playing against great players 
and great teams is challenging and 
fun, Kemp said. “It’s no fun play- 
ing the Sacramentos of the league.” 

Vincent Askew clinched the Son- 
ics second victoiy in four games 
against the Rockets this season 
with two free throws with 10.6 sec- 
onds left. That gave Seattle a 100- 
97 lead after Otis Thorpe had 
popped in a 5-footer on an offen- 
sive rebound for Houston with 16.9 
seconds to go. 

Maxwell was five feet short on a 
3-point attempt with four seconds 
. to go and Payton got the rebound. 

The Sonics ou (rebounded the 
Rockets, 44-31, and Otajuwon was 
outrebounded by Kemp, 17-8. 
Each All-Star blocked two shots. 

A key to the Sonics' victory was 


*Tm worn out and I didn’t even 
Pjay, so you can imagine bow the 
players fed," Tomjanovich said, 
they're so deep. They have so 
many different looks.” 

_ 'Hie 34-year-old Ricky Pierce, 
oeattle s leading scorer the past two 
seasons got nine points on 3-of-6 
shooting in 12 minutes in his first 
game since surgery March 18 to 
have bone spurs in his left foot 
removed. He had missed 17 e w ro es . 

Suns 96, Spurs 94: Kevin John- 
son and A.C. Green scored then- 
team’s last 13 points as Phoenix 
won in San Antonio. 

Green, who got 19 of his 23 
points in the last half, put the Suns 
ahead for good with a three-point 
play with 1:38 left Johnson assist- 
ed on Green's last three baskets. 

David Robinson, who had 39 
points, 15 rebounds and seven as- 
sists, made one of two foul shots 
with 38.5 seconds left to pull the 
Spurs to 96-94. They then got two 
chances to tie the score in the final 
seven seconds. 

But Negek Knight missed a 3- 
pointer with 4.1 seconds left and 
Willie Anderson’s reverse layup 
rimmed out at the buzzer. 

Hawks 123, 76ers 94: Andrew 
Lang tied his season-hi^h with 20 
points, getting eight during a deci- 
sive 26-8 first-half run, as Atlanta, 
playing at home, took over first 
place in the Eastern Conference. 

The Hawks’ 12th victory in 15 
games, and fourth straight, moved 
them a half-game ahead of New 
York and one game ahead of Chi- 
cago in the race for the best record 
in the conference. 

The race win be decided on the 
Hawks’ three-game trip to fhiragn 
on Monday, New York on Tuesday 
and Miami on Thursday. Atlanta 
ends the regular season at home 
against Orlando next Saturday. 

Warriors 109, Jazz 16S: Latrefl 
SprcweU scored 18 of his 25 points 
in the fourth quarter as Golden 
Stale rallied to hand Utah its eighth 
straight road loss while the War- 
riors’ coach, Don Nelson, won his 
800th game in the NBA. 

Clippers 108, Lakers 103: Donri- 

nciu: _ i - 


/ 


Rangers Beat Islanders 
With Balanced Attack 



The Associated Pros 

Mark Messier had a goal and two 
assists and keyed a derisive four- 
goal second period as the New 
Yak Rangers pummel cd the New 
York Islanders, 6-0, Sunday in the 
opener of their NHL playoff series. 

The Rangers, looking very much 
like the league's top team, led 2-0 
after the first period and 6-0 after 
two, making it easy for goal tender 
Mike Richter, who had 21 saves in 
recording his third playoff shutout. 

But the story of the gam* was a 
bala n ced Ranger attack, led by 
Messer, and a sub-par perfor- 
mance by Islanders goal lender Ron 
Hex tall, who was polled in the sec- 
ond period after tne sixth goal. 

The Rangers dominated Sun- 
day’s game from start to finish, 
outshooting the Islanders 39-21. 

Messier assisted on Brian 
Leetch’s power-play goal in the 
first period, then scared at 9:13 of 
the second to launch a four-goal 
splurge. Messier’s goal — a shot 
from deep in the left circle — was 
the badebreaker. It gave the Rang- 
ers a 3-0 lead and the Islands* 
were never the same after that. 

The second game of the first- 
round Eastern Conference series 
will be played Monday night at 
Madison Square Garden. The 


“Battle of New York” series shifts 
to the Nassau Coliseum fa Games 
3 and 4 on Thursday and Sunday. 
Win other games; 

Stars 5, Blues 3: Grant Ledyard 
and Trent Klatl scored late third- 
period goals and suprise starter 
Darcy Wakalnk aimed back 33 
shots as the Dallas Stars brought 
playoff hockey to Texas Sunday 
with a victoiy over St. Louis. 

The Blues and Stan will play 
Game 2 of their besi-of-7 Western 

STANLEY CUP PLAYOFFS 

Conference quarter-final series on 
Wednesday night in Reunion Are- 
na. 

SL Louis tied the game 3-all early 
in the third period on a power play 
goal by Brett Hull and a 60-foot 
wrist shot by Phil Housley. But 
Ledyard delighted the sell-out 
crowd of 16.914 by tipping in a 
Craig Ludwig shot with 3:49 left 
Then KJatt put the game away with 
1:37 to go on a perfect pass from 
Mike Modano. 

Dave Gagner and Brent Gilch- 
rist scored power-play goals in a 
span of 85 seconds to break open a 
goalkeeper’s duel fa a 2-0 laid in 
the second period. Gagner banked 
a shot from behind the net off Cur- 


jm Dm<b«uAjntc Fraire-Prc-e Madison Square Garden The a shot from behind the net o 

Shawn Kemp (40) and Sam Perkins, battfing Hakeem Ofctjnwon, had “fuiT against the Rockets. ncmncmeueio 

Disillusioned Johnson Won’t Be Back With Lakers 


_ - ” J — VMJipWJ lull, ■ I MTI O w. WVU1T 

their reserves, who outscored nique Wilkins scored a season-high 
Houston's by 33-7. But the Rock- 42 pants in Los Angefes as the 


ets' coach, "Rudy Tomjanovich, 
used only Carl Herrera and Sam 
Cassell — fa a total of 29 minutes. 


Clippers snapped a five-game los- 
ing streak with a defeat of the 
crosstown rival Lakers. 


By Rick Weinberg 

New York Times Service 

LOS ANGELES — Magic Johnson said 
he could no longer tolerate his stomach 
turning after losses, so after (he Los Angeles 
Lakers had lost fa the fifth straight time, 
Johnson announced that he would not re- 
turn next season as the team's coach. 

IBs announcement came only 1 1 games 
into a 16-game trial that began with the 
Lakers' best performance of the season in a 
victoiy over the Milwaukee Bucks and a 
euphoric 5-1 start under Johnson. 

But the Lakers' new commitment soon 
crumbled in a sea of poor performances, and 
Johnson became increasingly unhappy and 
critical of the team. 

Having taken over for the fired Randy 
Pfund as a favor to the team’s owner, Jerry 
Buss, Johnson called the Lakers quitters after 
a loss to Phoenix and indicated he longed to 
get back to his “relaxing” life before coaching. 


The Lakers’ general manag er, Jerry West 
has begun his search fa Johnson's succes- 
sor, the team's third bead coach in less than a 
year. There is speculation that West will talk 
to Rick Pi tino a the University of Kentucky 
.and Roy WflHams of the University of Kan- 
sas. 

Sparked by Johnson's celebrated arrival 
as coach, the Lakers played with emotion 
and intensity to defeat the playoff-bound 
Houston Rockets and Atlanta Hawks to 
open April. 

They seemed within reach of catching the 
Denver Nuggets fa final playoff slot in the 
Western Conference. 

But they reverted back to a lazy, sloppy 
style of play in back-to-back losses to the 
Sacramento Kings and Lhe Nuggets. The 
playoff chase finally ended with Friday 
night's 105-100 loss to the Portland Trail 


T take losses too bard," Johnson said 


after the Lakers were put out of the playoffs 
for the first time since the 1975-76 season. “1 
hurt and I take it home with me. I don't want 
my stomach turning every night. Td rather 
go home and enjoy it as I did before this job. 

“I had just started to become comfortable 
with the way things were in my fife,” said 
Johnson of his adjustment to life without 
basketball and with HIV, the vims that 
causes AIDS. 

"Thai first year was extremely lough not 
playing. I was looking fa things to grab hold 
of to replace basketball. This past year was 
wonderful, comfortable." 

He said that when be toured the world 
with his amateur basketball team, "I was 
able to play and get my basketball hunger 
out." 

Then Buss came along and asked Johnson 
to finish the season, hoping he would enjoy it 
enough to stay on. But once the effort that 
the Lakers expended at the outset of John- 
son's coaching stint disappeared, he quickly 


became disillusioned with the attitude of 
today’s pampered athletes. 

He panted out that if players were late 
and fined $50, “It didn't have meaning to 
them." In contrast, if someone was late dur- 
ing Johnson’s playing days, “those 11 other 
guys ragged on you until you couldn't be late 
anymore," he said. 

When Johnson played, he said that “if 
someone had a baby, everybody had a baby. 
If someone had a tragedy, everybody had a 
tragedy.” But with todays players, Johnson 
said, “everything is T, I, L Where’s my 
minutes, where's my shots, what about my 
game? I don't like that ride of the game." 

Johnson had told his players after Fri- 
day's game that he would not be returning as 
coach next season. Forward Eldon Campbell 
said he had hoped Jo hnso n would return. “I 
thiiik everything would’ve worked out if he 
had stayed,” he said. 

Johnson, obviously, did not 


tis Joseph’s pads and Gilchrist 
scored on a rebound off a Russ 
Conrtnall shot. 

The Blues retaliated on a 15-foot 
slapshot by Alexei Kasatonov but 
the Stars took a 3-1 lead into the 
third period on a second goal by 
GBchnst, who beat Joseph on a 
point blank shot after a slick back- 
hand pass from CourtnalL 

Wakal nk started his first playoff 
game in goal instead of Andy 
Moog, who had struggled in the 
regular season. Moog got his repu- 
tation as a strong playoff goalie 
when Edmonton won three Stanley 
Cups in the 1980s. Moogis 59-41 in 
playoff games. 

Dallas got off 45 shots at Joseph, 
who is now 13-10 in playoff games. 

Fourth-seeded Dallas led the 
regular season 3-2-1 against the 
fifth-seeded Blues and brat them 9- 
5 in their regular season finale 
Tuesday. 

The Blues beat Chicago in the 
first round last year in four games 
but lost a seven-game series to To- 
ronto in the next round. Tbe Stars 
failed to make the playoffs in thedr 
last year in Minnesota. 

Brans 3, Cmarifens 2: Adam 
Oates and Ted Dots to scored pow- 
er-play goals 51 seconds apart late 
in the second period in Boston and 
the Brains defeated Montreal in 
Saturday night’s playoff opener. 

Tbe Bruins, who scored on just 
two of their final 39 power plays 
doing the regular season, got all 
three of their goals with a man 
advantage. 

Boston hosts the defending Stan- 
ley Cup champions on Monday 
night in Game 2 of the operdng- 
rotmd series. The Brains have de- 
feated the Canadicns in four of 
their last five playoff series. 

The victory broke a Boston 
streak of eight consecutive playoff 
losses. The Bruins were riiminateri 
in four straight by Pittsburgh in the 
second round in 1992 and in four 
games by Buffalo in the first round 
last year. 

Mariusz Czerkawski, who joined 
the Bruins a week ago after playing 
in the Swedish playoffs, scored tbe 
other Boston goal Ray Bourque 
had a pair of assists, tying former 
Canacben Jean Beirveau at 97 for 
ninth in career playoff assists. 


NASDAQ NATIONAL 


OTC Consolidated trading for week I skxta nv yh s ili hm low m cm 
£ ended Friday, April 15, 
































Paj 

G] 


Page 18 


INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


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O N D A Y 



SPORTS 


Holy-field, Lewis Agree to Fight in Fall 



By Gerald Eskenazi 

New York Tima Service 

NEW YORK — While Riddick Bowe 
prepares for summer camp and Mike 
Tyson gets ready for summer school, 
Evander Holyfidd and Lennox Lewis 
have agreed to meet in a November 
showdown to unify the world's heavy* 
weight title. 

It could return luster to the sport, 
which needs the anchor of a universally 
acclaimed heavyweight ruler. 

Holyfield, who holds the In ternationaJ 
Baaing Federation and World Boxing 
Association crowns, must first success- 
fully defend them against Michael 
Moorer next Friday in Las Vegas. 

Then it is up to Lewis, the World 
BraKn g Council king. He will face Phil 


Jackson on May 6 in Atlantic City, New 
Jersey. 

If Lewis wins, be would then meet 
Oliver McCall in late summer, perhaps in 
Canada. That bout is being negotiated 
now. Lewis must fight McCall, who is 
ranked No. 1 by the WBC before the 
group would allow him to face Holyfield. 

“I realize this is a stepping stone for 
me," Lewis said Friday of his fight 
against Jackson. “The American public 
hasn’t seen me progress. But they’re go- 
ing to see a lot more of Lennox Lewis." 

The Briton harbors no nice thoughts 
about Bows, who was the last man to 
hold the three titles. Bowe sidestepped 
; Lewis, and in doing so ceded his 
belt to him. 

“I think ‘Ridiculous' Bowe talked too 
much," said Lewis. “He shouldn't even 


be mentioned in the same breath with 
me.” i, 

Bowe is down these days, even though 
when he lost his title to Holyfield last 
November it was only his first defeat. 
Bowe has signed an unusual deal with 
HBO that wrn see him fight in June, July 
and August Maybe be will join the mix 
next year, said Dan Duva, who promotes 
Lewis and Holyfield. 

And Tyson? He recently flunked a test 
for his high school equivalency diploma, 
even though be says he is studying Chi- 
nese, algebra and religion while waiting 
for his release from an Indiana prison on 
rape. He is not due to be out until next 


spnng- 

“We r 


feTl look at him next year, too,” said 
Duva. 

Duva is in no hurry to grant any wish 


of Bowe, who is managed by his sworn 
enemy. Rock Newman, or of Tyson, han- 
dled by another rival, Don King. 

Lewis, meanwhile, sees himself as the 
world’s best fighter, but. at a disadvan- 
tage because he comes from England. 

W I don’t think Michael Moorer should 
be fighting Evander Holyfidd," Lewis 
said. “But I think they look at me as the 
sleeper” he claimed, “and they’re afraid 
111 take the title back to England.” 

• Yasuei Yakushiji of Japan knocked 
out Josefmo Suitrez of Mexico m the 10th 
round of a scheduled 12-round bout Sat- 
urday in Nagoya, Japan to retain his 
WBC bantamweight title. 

The knockout came 2:21 minutes into 
the 10th round when Yakushiji landed a 
fight to SuSrcz’s body. (AP) 


Mica OPEN 

in Nte, France 
Men's Stogies, Santonab 

A ibortD&enaatogut, Sarin, dot Siam Dos*. 
CM. (Ml Jim Courier 

(71. U.S.deLM«t:Ro«tol5^ Switzerland, t 

a 64 

FiMt 

Berastmgui del Courier, 6-4 64 
HONGKONCONM 

Mm smuamn 

Michael Chang, UJ. ft), del Brad Warn 
UA (3W47-SI Patrick Roftar.Aosira&a U), 
del Ivan lmi», (LS. 12), 64 4A 
Find 

Chong, del Honor, +f . fra. 





ftwle dan, 7te Aundeud ft*» 


ADVANTAGE, CHANG —Top seed NDchad Chang won the Hong Kong title, 
6-L 6-3, Sunday with Patrick Rafter of Australia slowed by food poisoning. 


SCOREBOARD 







Major League Standings 

(Tbrwgh Saturday) 
AMERICAN LEAGUE 



Unit Division 




W 

L 

pa. 

OB 

Boston 

7 

3 

.700 

— 

Baltimore 

4 

4 

■400 

1 

Taranto 

7 

5 

-583 

I 

New York 

5 

5 

500 

2 

Detroit 

4 

7 

.364 

3Va 


Central Divfslcn 



Cleveland 

6 

a 

MT 

— 

Milwaukee 

4 

4 

MO 

W 

Chicago 

5 

5 

500 

iw 

Kansas atv 

4 

5 

MA 

2 

Minnesota 

4 

S 

J33 

3 Vi 


West Dlv Won 



Oakland 

4 

5 

■S4S 

— 

California 

6 

6 

JOG 

W 

Texes 

i 

6 

MO 

Ife 

Seattle 

3 

7 

J00 

2Va 

NATIONAL LEAGUE 



Ust Division 




nr 

L 

Pet. 

GB 

Atlanta 

11 

1 

.917 

— 

New York 

4 

4 

J00 

4 

Philadelphia 

4 

5 

5*5 

4Vi 

Florida 

5 

6 

A55 

F.1 

Montreal 

4 

7 

J64 

6 V 1 


Central Dtvistan 



Cincinnati 

4 

4 

-400 


Pittsburgh 

4 

4 

MO 

— 

91. Louis 

6 

4 

MM 

— 

Houston 

6 

5 

-545 

Vl 

Chicago 

3 

7 

■300 

3 


West Division 



San Francisco 6 

5 

-545 

— 

Colorado 

5 

5 

-500 

VS 

Las Angeles 

3 

a 

JOT 

3 

San Diego 

2 

10 

■147 

4VI 

Friday's Line Scores 




AMERICAN LEAGUE 
Kcmmdty BN 000 036-4 « 6 

Cleveland 001 000 006—1 6 0 

Com, Brewer I 9). Pichardo ( 9) and Maefar- 
lana; Do-AAortlr* and SJMonw. W— cone. 1- 
1. L—DUMortlnoK, 04 Sv— Pichardo (II. 
HR— Cleveland. LAIomar (21. 

Chicago 000 000 101-4 4 0 

BOtttXI 030 too JO*— 5 11 0 

A- F emandez . A wnm o uw (7). DeLeon (I) 
and Lavanieri; clement, Harris (91, Pam 
(91. Rwooti (V) and Borrvtrill. W— demons. i-ft 
L~A.Fomandij.t-2.Sv — turned I4I.HRS-CH, 
Thomas 14], Promo (4). Boston, Noohrlna ID. 
now Yam on no 021-7 w 0 

Detroit 030 NO on—S 10 1 

Perez, Howe (7). )CHerTxmctaz(0). Hitchcock 
(9). Reardon If) and Stanley; Write Boover (41 
and Kreuter. W— Perez. 14. Lr-wtlt*. 14 
Sv— Reardon (D.HRi— NY, Layrflz(1),01MIII 
(4), Tartobull (». Dirt. Trammell |i|. 
■affimaru HO 001 036-1 i 1 

Tamo ooo 303 im- o v o 

Rhode* EJdtbom 16), Pennteehm \6), WH- 
Hanuan IT), Poalo III and Holla; Hrilinu, 
Hamvcvtl II), Howtll (VI and Rodriguez. 
W— HrtUns. 14 L-Rhodes. ML HR-BalM- 
men, Baton 13}. T awn, Canseco 12). 

001 000 006 — t « a 
in in mm> f o 

Htauara, Scanlon <4), Fetters (■> and Nils- 
son, Mofhany !6 >j RJohnsan and nwilscn. 
w— dJohnson. 1-1. L— Hiau«ra 0-1. 

HRs— Seattle, Amaral (1), Buhner 01. 
Mtanaata 011 sia HI-4 n o 

Oakland ooo m 003-4 » i 

D te ha l es.WHBi (4).AouHera 19) end Woftscfc; 
Vwi PomaV BrtKM U), Jlmtna («), Onttvtras 
(9) end SMnbadi W-Oswxda. 14 L-Von 
PawNW. av -Aowmrn H).HRs-Mim.Hmdi 
(U. Oakland. Sierra 151, McGwire (2). 

Toronto on 0OI *» 0-13 is 0 

coRfenUa ooo Ml oar i-k is 2 

no htiiings} 

Stewart, Timlin (0). Statttamm [0). Brow 
(Wand Barden; Anderson, Lowio (7),BJtal- 


fflrsan (81, Butcher (81. 5amoen <f>. Lefterto 
(101 and Mvere. C-Turoer (101. W— Lefferta, 1- 
a L— Brow, 0-1. HRs— Toronto, Delgado (7). 
California Salman (31. E .Perez 2 13). 

NATIONAL LEAGUE 
Atlanta 443 *30 140-19 24 0 

Chicago 000 TO 110-5 7 0 

(Having, BiataCkl (4).MJiill (SI (mdJXDPiJ; 
A.Yauna BulUnaer (21, Hsfev (3). Crtm m. 
Bautista OU,MWrg (9) and Wilkins, Parent (SI. 
W— Gtavtna, 24 L—AYoum, M. HRS— AIL 
DSondora (2), Ktoska (O.McGHH (3),Pandio- 
ton (2), Tama 12). Ol Suoehrtr (3). 
andonail 000 000 010-1 2 0 

PMtadripMa 000 003 00X-4 < 0 

Smiley, jjfeffh 101 and Dorsm; Judea 
DJenes tn and Oevtton W— Judea 1-1. L— Sml* 
lay, VI. 9v— (XJanes (3). HR— PWL Dunam 13). 
Houston 021 002 201-4 9 I 

Now York 009 000 100-4 3 1 

Dratek, To Janes 19) ondServato; P-Smlth, 
TeKrtKdor 16), Hurst (9) and Stfnmrtf, Hund- 
ley 10). W— Drafeeh. 1-1. L— PAnltti. V2. 
HRs— Houston. Plnloy (l>, Bogwoll (2). Ca- 
mlntt) |)j. New York, Kent |5). 

Los Anooks ON 300 020-4 7 2 

pmshargh oil in rax— « 9 I 

Ke-Grass. Wovno (01, Colt (01 and Piazza i 
UmtMvMcmaniJJo IB), ww» (0) and Stousw. 
W— WWs. 14 l^-WOvne, 6-1. HRs— LA. WoL 
kxSi O), Pitt. CkOark (1), Martin (1). 

San Dim 001 190 220- 4 ID 1 

St. LculS MS OH IDs— U 9 1 

Uandsn, Scsnr (5). Mauser (6), PAMor- 
Ibwc Dl.andAusmui: Ttwiaburv. Pokicka <B1 
and Pqpooi. W— ' Tawksburv.VO. L— S&wders. 
14. HT&San D me. Gwyrm 0), PtoitWr |3), 
Oanfracco (21. M. Louie. Jefterlw 2 13). 

San Francisco 013 IN 110-0 11 0 

Florida 000 000 000-a 6 2 

Swift. Burba IP) and ManworJna; Rupp, 
Nan (7). XLmh (9) ond swiitoaa w— swift. 
3*1. L— Rapp, 1.1. 

Montrool 000 003 090—3 ■ 1 

CatorodB 030 DM II*— 9 13 0 

FosnrwSliow (6), Scoft roondOjftottlMr, 
Wobstsr (81; Reynoso, MMunn CD. S.R«ad 
(7), Blair (9) and Ol rural, w— Reynoso. 1-1. 
L— Passorn, 0-1. HR— Coiorada Burks 14), 


NATIONAL LSAOUE 
Houston on on 010-1 i i 

plow York no Mi *0* -4 11 o 

B.WIIilamv Edom (51. Hampton is) and 
TouBwwm; Gooden MAUddux (7) and 
Hundley, w— Gooden. 24 L-B-Wllllams. M. 
Sv— MjMaddux (2). HR— Houston. Flnlov (2). 
Atlanta OH H! 000-4 9 0 

Chicago an 001 MO-1 4 0 

Moraur. Staitan (8). McMtotwol (9) end 
JXapct; Banks. Plosac (71, Bautista (91 and 
Parent, w— Merdwr, 24 L— Bonks. 14 
Sv-McMJdMOl 13), 

Montreal an 201 000-3 8 0 

cstorodo 100 in sox— 7 a i 

H1IL Rolos (7), Horedta (81 and Fletcher; 
Homey, Reed (7), Ruffin IBJ, Holmes |9) and 
GlranM . W— Rem V1.L— NIII.M. H R— Color - 
ada Galarraga (S). 

San F ran cis c o IM 810 no— 3 7 0 

Florida an 901 02*— 5 f l 

Torres. Burba (6), Monte lean* (71 and Man- 
warina; HouotulUJwrfs (7J. JH*rnond« (8). 
Harvey (9) and Tlngier. Santtago (6). 
W— JJHcmandsz, 1-1. L-Manteleone, 1-1. 
Sv— Harvey (3). HRs-SanFrandsc«,Ma.WII- 
llemi (4). Florida, Stwfllotd (3). Bartxrio (2). 
OndnaaN 000 020 011-4 T2 1 

PMMdoMMa 1*2 010 00*— 4 U O 

Hanson, Sciioutek (5), McElrey (71, j.Brant* 
lev (01 and Darsotl; DnJacksoa Slocumb (7). 
Mason (8), west (8), D Jones (9) and Doultotv 
w-OUockBon, 14 Hanson, 0-1. Sv— OJanas 
(3). HRs— CM, RJandors 13). PWL DauMon (5). 
Las Amnles 102 001 000-3 10 0 

Pittsburgh Ml Ml 001-4 14 O 

HersMsor.Dndfort (7) and Piazza; Tomlin. 
Johnston (6), Ballard (6). Domev (7), Manza- 
nillo (9) and SknmM. W— Manzanillo. 14 
L-DreHart, 0-1. 

Jen Dim on NS 026-0 » 9 

si Loms ooi on 010—9 u i 

Whitehurst, GeXarrH (», Mauser (91 aid 
Auimut; Cormier, Habvan (4). Urbanl (I) 
and Poppas. W— Whitehurst, I-Z L— Cormier, 
l-l. HR—San Dim Stolen (2). 


NBA Standings 


EASTERN CONFERENCE 
Atkurttc Division 



W L 

PC) 

SB 

y-NewYork 

54 23 

JO) 

— 

x -Orlando 

44 31 

an 

8 

New Jersey 

42 36 

JOB 

12VJ 

Miami 

40 18 

JV) 

14VS 

Boston 

20 47 

J90 

24 

Philadelphia 

24 54 

JOB 

30W 

Washington 

22 55 

Ctnfrol Division 

-284 

32 

x -Atlanta 

55 23 

.705 

— 

x -Chicago 

54 34 

.492 

1 

x -Cievetand 

45 34 

J70 

lOVs 

Indiana 

42 35 

-545 

12W 

Charlotte 

37 40 

481 

17Va 

Detroit 

20 57 

260 

34ta 

Milwaukee 

W 59 

3M 

34 

WESTERN CONFERENCE 
Midwest Division 



W L 

pa 

GB 

x -Houston 

56 21 

JZ7 

— 

ji-jan Antonio 

53 26 

an 

4 

x-Utah 

49 29 

A 28 

TVS 

x-Danver 

35 39 

A94 

IS 

Minnesota 

20 57 

JtO 

34 

Dallas 

11 47 

Pacific Dlvtaloe 

.Ml 

45fe 

v-5eattle 

40 18 

.749 

— 

x-Pnoenlx 

52 24 

Ml 

e 

»Gaiden5teta 

47 XI 

M3 

13 

x -Portland 

44 32 

a* 0 

14 

LA. Lakers 

33 45 

423 

27 

LA. CUppere 

27 51 

J44 

33 

Jaotwneiiru 

27 d) 

J44 

33 


Tha Michael Jordan Watch 


Saturday's Line Scores 


AMERICAN LBAOUE 

Kansas aty ois on M»-i2 » o 

Cleveland 330 JM 000- 9 11 3 

Hatwy.Msanante (f)> Brewer (8) and Mac- 
tartane; NLOark. Phmk (4), Nabhatz (61, 
Mesa 141. Swan (8). M-Tumor (81 ond $ MOr 
mar. W— Moanante. 14. L— Swan, 0-1. 
Sv— Brewer (11. HRs— Kansas City. Maefar. 
lens (2). Hamolhi (3). Cleveland, Thome (2). 
Hew York ni on ioo om l i 

Detroit « W M IM II • 

(11 bmhm) oieda. Kamlonlockl (l), wick- 
man (4), Howe (9). Pall (10) and NukeL Stan- 
ley (I); Belcher, Krueger (7). Gardiner (8), 
Henneman (11) ond Tettteftm. W— Horme- 
man, 14 L— Pol I.M. HRs— New York. Mokes 
(1). Detroit, Phillips (2). 

Minnesota 901 no 102-3 3 1 

Oakland 590 ooo 3i*-i » • 

Guthrie, PulMo (21, Garaaozn (8) and Wat- 
beck,- Witt and Stelnbocfu W-WM, 1-1. 
L-OuthrlA M. HRs-MIno, Puckett (II. Ro- 
txnjlot (17. Ooh» McGwire p), Stelnboct>3 (3). 
BOMmon on on 200-4 7 1 

Texas 990 003 091-4 9 9 

McDonald, Poole (8), Midi (81. ke£mttft (V) 
and Modes; Regan, Carpenter (7), Honeycutt 

(8) , Howell (81, Henke ( 8 ). Hunt (9), WhttesMe 

(9) ond Rodrigues. W-McDenakLM. L-Hon- 

•vaitt.0-l.Sv— LejmHh 15). HRs-flalttmore, 
PtSmafro 14). Trxcx canatco (3), W.Oork (V. 
Mihmkeo on an in-i 4 o 

leant* on on on— o s i 

eta rod, Lloyd 101 and Nilsson, Mathenr (31; 
Boole and aWUson W-BUnA 1-7. L— BteJaO, 
2. Sv-UOYd H). HR-NUhooukoo. T.Worfl (1). 
Toronto on 040 lOO-s 8 i 

CaUfanda on M 018-4 7 1 

Hantaan am) Borders; Pepooa 8. Patt e rson 
(5), Butcher (7), Lofferts (7), Sampan (8) and 
Mvors. W Hontgon, 2-1. L— BJo Her ooa 0-1. 


SATURDAYS GAME r Jordan was el von a 
night off, said Birmingham Barons isekes- 
man Kurt Btoam. Disappointed fans chanted 
"We want Michael." 

SEASON TO DATE: Jordan Is hltttna J63 
|J-for-HI with ono RBI and three stolen bases. 
He hoi walked three times, ltruck out efetu 
times. He has caasltt 11 fhr balls In right He W. 


x -clinched playoff berth.-v-dlvtalon title 
FRIDAY'S RE5ULTS 
Orta mh) 22 27 29 II 4 6-110 

Boston 28 20 27 21 4 11—113 

O: O'Neal 16-32 4-14J& Anderson p- 17 4-423; B: 
Raida 13-34 3-3 29, Brown 9- 186^25. Re Bounds— 
OHando43 (OWeaL Hardawev. Turner ll). Bos- 
kn 69 l Parish 16). Assttts— Ortando 21 
(Hardaway 12), Boston 34 (Fox, Douglas 10), 
WasMooton 39 2S 22 14- 90 

New York 31 24 22 24-183 

w: Adams 4-127-10 14. Chapman 1 1-34 4-49; 
NY: ewlno 7-18 10-15 24, Davb 0-13 1-4 1ft, 
Robowads— Washington 49 (GuaUotta. Duck- 


ANanM 22 29 *1 23-105 

MUwaokoe 26 M 19 22- 9* 

A: Manning 1 1-1 4 1-3 23. WUtB 9-18 6-7 24; M: 
Norman 8-17 2-3 21, Murdock 0-14 M 19. Re> 
bounds— Atlanta 56 (WnBs 18). NUtwauks* 45 
(Norman 9). Annas— Atlanta 24 (Blaylock 
12), Milwaukee 28 (Mayberry 01. 

Portland M 34 23 34-185 

LA. Lakers 34 27 31 11-189 

P: CRoWnsw 5-146-8 14. Strickland 7-133-4 
17; LA: Campboll 9-153-521. Dhrac 7-10 2^ 16. 
R tfl ot mds P ortl an d 51 IWIIilamj. Kersey 9). 
U»s Angeles 55 (Dlvac ID). Assists-- Portland 
30 (Dnmer. Strickland 51. Los Angeles 22 
(Van Exfri 10). 

SATURDAY? RESULT 
Phoenix 30 19 24 21-94 

saa Antonio la 21 33 36-94 

P : Barfclev 11-21 M 2*. Green 10-MH23; S: 
Robinson 16-28 7-11 39, Knight 4-9 5* IX Re- 
bounds— Phoenix 43 (Barkley 13), San Anto- 
nia 56 (Rodmcn 31). A esls ts— P hoenix 27 
(KJohnsan 14). San Antonia 23 (Robinson 7). 
Houston 27 M 34 22— 97 

Snaffle XI 29 25 39-108 

H: Olaluwon 13-20 5-5 JL Maxwtfl 13-233-2 
30; 5: Kemp 10-15 2-2 22. Payton 9-15 0-0 21. 
Ro B O ua d o H ou s to n 39 (Tliorpo, Olaluwon *!■ 
Seattle S3 (Kenvs 17). Assists— Houston 21 
(Smrtti 4), Seattle 29 (Payton 7). 
PhllodetpMa 38 19 24 2V- M 

Atlanta 2D M 27 34-123 

P: WtothersPoon 6-T2 2-2 R WBafrldge 9-14 
3-521; A: Willis 9-16 1-2 19, Lang 10-13 041 30. 
Rebounds— Philadelphia 47 [Kidd 10), Atlan- 
ta 55 (Willis. Keefs 10). Assists— PMIadettillO 
22 (Weatherspoon, Bams 5), Atlanta 34 
(Msinlna. Blaviock, Whatley 7). 
Sacramento 25 27 9 11-184 

Da Das W 34 W 0. f| 

5: TtsdoJs 12-21 8-8 22, Rldimond 8-11 6-6 23, 
Webb 9-14 54 31; D: MatibuRi 7-15 2-2 16. 
Jackson 5-1510-1320. Rebounds— Sa cra m en to 


Berger. Austria FerrarLO; Hie) Demon HIIL 
Britain, williams- Renault. 6; A Jeon Ak»L 
France, Ferrari 4; 5. Chr fatten FlttlpaMl. 
Brazil Footwork-Ford. 3; 6. ukyo Ketavoma 
Japan. TyrreB-Yamaha 1) (tloi Helnz-Har- 
oki Prenzsn, Germany. 2 ; 7, Erik Comas. 
Franca Larrousse-Ford, 1; (lie) Kan wend- 
Unger, Austria. 1. 

C ons t ru ct or s: l, Benetlun-Pord,20; Z Fer- 
rari. ID; 3. Jordan- H ar t. 7; A Williams- Re- 
nault, 4; 5. Footwork-Font 3; 4. Satiber-Mer- 
cedcs, 3; 7. Larrousse-Font 1. 


tenders 0 of S; Rangers 2 of 9; tootles— Is-, 
tenders. Hexrait. fl-t (21 shaMX saves). 
McLennan (17:3« second, ll-ll). Rangers, 
Richter, 1-0 (21-31). 


TRANSACTIONS 


Uege-Bastogne-Uege 


Resutts from 2mun event Sunday In Liege, 
Belekm: l.Evguenl Benin, Russkb7haure 14 
mi nutes end 30 seconds; Z Lance Armstrong . 
USA. or 1 :37; X Glorgia Furtan, Italy, 1-J7; A 
Ckwdia ChktapucxL Italy, 1 -Hi A Stefono Della 
Santa. Italy. 1:37; 6, Tony Run linger. Swtaer- 
tand.233; 7. MarimlMiSaandri, Italy ,S:38; X 
Marco Salfflcrl IWy,5:<2; 0, Bruno Cenghlaltar 
Italy, 5-J2: IX Alberto EUL Italy. 5^0. 

WdrtBC wM t uB dlnBs: l,Tchmll9i points; Z 
Furtan 75; X Fotolo BaMata. Italy. 47; A tie). 
Evguenl Benin, Russia Gianni Bueno, Italy, 
Frawo BatlerM, ttDftr,50; 7. Johan Museeuw. 
Belgium, 40; X tie), Lancs Armstrong, USA, 
and Marta CtaoUtol, Italy, 35; IX Johan Ca- 
piat. Belgium, X 


NHL Playoff* 


41 (Poivniee 10), Dallas 51 (Jones >3). As* 
slsfs— sacramenfo 18 (Webb 7), Dallas 19 


Japanese Leagues 


Central League 



W 

L 

T 

Pet 

GB 

Yomlurt 

4 

2 

0 

JSQ 

— 

Yokohama 

4 

4 

0 

500 

2 

ChunkM 

3 

4 

0 

jm 

2VS 

Honshln 

3 

4 

0 

A29 

2V. 

Hiroshima 

3 

4 

0 

^29 

2W 

Yakult 

3 

4 

0 

JOB 

2W 


Saturday s Results 
Yemlur) L YokuM 3 
Hiroshima X Clwntehl 3 
hamhin Z Yokohama 1 

Sundays Results 
Yamtorl A Yokutf 1 
Yokohama lfc Harsh In 8 
ChunJcbl Z Hiroshima i n innltias 
Pacific Loaouo 


worth 10). New York M (Oakley 15). Assists— 
Washington 18 (GuaUotta 7). New York 30 
(Haraer 12). 

Detroit 21 22 29 31 11-114 

New Jersey 34 23 24 18 14-11* 

D: Nunter 9-23 9-10 27, Ournars 15-29 6-7 38; 
NJ; Beniamin 9-2084 34, K Anderson 1N420- 
23 43. Rebeunds-DetraB 55 [Jones 11], New 
Jersey 44 (Beniamin 16). Assists— OetraW-W 
(Hunter 81. New Jersey 24 (KAnderson 14), 
Miami 24 25 a 24-700 

Cleveland 33 21 26 29-109 

M: Rice 4-10 4-4 19, Smith 7*13 1X12 27; C; 
Wilkins 7-13 *4 22. Price XII 7-7 24. Re- 
bounds— Miami 54 (Rice 13). Cievetand 54 
(Mills 10). Assists— Miami 22 [Umo. Smith 5), 
Cleveland 30 (Price 4), 

Chicago 14 29 23 22-41 

Charlotte II 24 20 21-8J 

C: Plppen 6-17 5-4 24, Armstrong 7-11 M 17; 
C: Mourning 4-12 W 11, Curry 7-14 1-1 3ft 
Rehaun dt "Chicago 53 (Grant 14). Charlotte 
49 iL-tehnsan 8). Assists— Cthcano 23 (Pip- 
pen, Arm s trong 51, Chartatts 23 (Bogws 7). 


(Mashbum, Jackson 4). 

Cleveland 28 » 34 25—91 

Milwaukee 27 If 24 10-90 

C: Wiwoms 5>» » 19, Price 1-17 L4 21; Mi 
Dav6-l62-i14Muraock7-13M17.Reboand»- 
Clsvetand 45 <HIU T7).M1I waukeo 52 (Baker 13). 
Assists— Cleveland 21 (Wnnoms. Price. Bran- 
don4),Mnwaukw 19 (Baker. Day, Murdock 4), 
LA Lakers N V I) 25—1(3 

LA Flhiesrs 15 25 24 23— ISO 

Lofctrs: Van Exel l(W3 MIX Smith 7-151-2 
U; dippers: W)!U» 1600 S-W4Z Homer 7-15 
3419. Reb o u nds-LA Lo*«reS9 (Lynch 121, LA 
CltPPOrsSV (WlMnsll). AuWs-LA LafcereW 
(Van E*el 5), LA dippers 27 [Jackson 12). 
Utah a a II 24 — its 

Golden State 2s n 21 37-100 

U : Motant«-20M021,Hon*eek 8-13X0 If; 
G: Mullln 11-17 4-4 28, Spr swell 7-10 10-12 25. 
'Reboondb — UtahSttMolam W.GatonSMa 
57 iWebber U). Assist*— Utah 24 1 Stockton 9 ), 
Gewen State 30 (Mullin 10). 


AJjSrO RACINO 


Pacific Grand Prfx 



W 

L 

T 

Pet 

OB 

Htetawo 44 25 29 33-110 

selbu 

4 

2 

0 

J50 

— 

Minnesota 25 22 8s 36-111 

Datai 

5 

3 

0 

423 

1 

1 : Smite 9-14 12-15 3X Miller 10-iam) 24r M: 

Nippon Ham 

4 

4 

a 

400 

2 

Laettner 4-11 12-11 2ft Rider HB 5-5 22. Rf- 

caffe 

3 

4 

0 

J29 

2fe 

0oewg» Indiana 55 (D.Davto w, Minnesota 

Orix 

3 

3 

0 

-375 

3 

45 (Laettner 13). Assists— indtano 40 (Work- 

Kintetsu 

2 

3 

0 

J84 

s to 

mar 9), Minnesota 25 (ACWiiltams 7). 


Saturdays Results 
Data! 4, LoNe 0 
Solbu X Oris Z 10 Innings 
Kintetsu 9, Nippon Ham 3 

Sundays Results 
Sefbu 9. Ort* 7, » innings 
Lotte 1Z DaW 2 
Nippon Ham A Kintetsu 1 


29 M 24 W— 47 
Dallas J) 24 IS 36-97 

Di Ellis 11 -20 1-3 21 Abdul- Rout 11 -20 0-0 2S; 
Ds: Mashbum 6-15 9-1021, Rooks 10-16 AS 24. 
Jackson 8-194-t 2ft RebauMta-Danvw 52 1 El- 
lis. Mutambo It), Dallas 57 (Jones 14). As- 
lists— Denver 19 (Mutom&a Abdul-Raut 5), 
Dallas 17 (Jackson, Mashbvrn 41. 


Resatts of Formula One rocs on XTOXklto- 
lastwr (2JI1-<nile) T-l circuit In AWo. Jwod! 
1. Michael Schumacher, Germany. Benethm- 
Ford. 81 laps In 1 hour, 44 minutes, 1.693 see- 
enOi, average speed 173J9 kph; Z Gerhard 
Barger. Austria, Ferrari. 13 laps In 
1:47:14593; X Rubens Barrichelta, Brazil, 
Jordan- Kart, 32; 4, Chrlstton RltapaldL Bra- 
zil, Footwork-Ford, B2; X Hrintz-HaroW 
Frerrtzwv Germany, 5ffittvr-Meroedra-82; ft 
Erik Comas. Prance, Larausse-Fard, 10; 7, 
Johnny Herbert. Britain, Lotus-Muwm- 
Henda, 80; X Podra Lomv, Portugal, Lotus- 
Mugen-HendPr 79; 0, Olivier Panto, France, 
L to tar- Renault. 71; IX Eric Bernard, France, 
Ltotar-RernuK, 71 

STANDINGS 

Drivers: ’.Michael Seh u moehar.Oarmom, 
Benetton- Ford, 20 points; Z Rubens Barrt- 
cheflo, BradL Jordan-Hart. 7; X Gerhard 


Manned l l 0-0 

Sedan t 2 0-3 

Hrst portod—J, Montreal, Be! towz 1 fDIPle- 
tra Domphousse). 6 :SS. Z Boston. CzerkawskL 
l (Bouraue. lafrate), u^i <pp). Ponalttai- 
— Damphousso,Mon ihoMBng).9;04; Odoltin, 
Man (MetHSttahtaa}. 13:44; Marrar, Baa 
(cross-checking}. 15^7; Morals. Bos (board- 
Inal. 18:41; Oates. Bos (tripping), 19:39. 

Second period— X Montreal, Keene 1 (Bru- 
net. Brisebeto), 4:10. 4 Boston Cates I (Cur- 
kawskl, Bouraue), 18:52 (bp). X Boston. Dan- 
eta 1 (Wesley. Morels). 19:48 (PP). 
Penalties— Keane, Mon (Woh-stlcktae). 
10:05; weslev. Bat (haMIng), 15:15; Br toe- 
boll, Men (hookhta). 17:27; Odstetn, Mon 
[cross-checking]. 11:22. 

Third period— None. PoraMes-BeHaws. 
Men (charging). t^9i stumpel. Bos (hook- 
taa), 4KM: Czerhowski, Bos (hokflng), 13:55. 

Shots an goal— Montreal 12-5-9—26. Boston 
6-1M'~M; |Ni wi' |i t u rc 4 taUi tuBi l!u0--Monfrsal 
Oaf 4; Boston Jof 4; boo He*— Montreal, Roy. d-l - 
□Bihati-Bsovas). Boston. Cam. 1-0 (26-23). 
H.Y. Wanders 0 0 0 - 4 ) 

K.Y. K on ge rs 2 4 6-4 

Fir s t pe rio d— 1, Ranger* Loaidil (MMn- 
star.23ibayI.3rfB (np). Z Rangers, Lormer. I 
(Zubov. Kovalev I, 15:28 (pa). Penaltlss- 
— Lawn, NYR (holding stick), isles Kruw. 
NYt (hookirsl,3:l4; GUbert. NYR (tnterfer- 
ence), 7s3ts Motrimv. NYI ( hotel nal. 14:18; 
Ptrrera. NYI (sloshing), 17:24. 

Second period— X Ranpora, MJWesstar 1 
(Gravis). f:ll A Rangers, Graves 1 (MJtas- 
star, Boukctnom). 12:19. X Rangers, Kovalev 
1 (Lormer). 14:05. fc Rangers. Zubov 1 (Mah 
teem, LeetchL 17:38. Penalttas-BsuksbMm, 
NYR t mtar tarancul, 7:37; Thomov NYI 
(koaklna). VJSU Ferrara, NYI (roughing, 
ll:»; Noonan, NYR (roughing), 11:35) 
Kurvurs. NYI IMgh-stldilna), 15:33. 

Third period— No scoring. Penalties- 
—Graves. NYR (nwoWna), 4:55; Datoarno, 
NYI (unsportsmanlike conduct). 6:30; Beu- 
keboonv NYR lunspartsmonUke conduct), 
tOO; Acton, NYI (stashing). 0-J5; AMtaau, 
NYR (goalie Interference). 10:10; Hague, 
NYI (bitartarence). 11:44: Kambakv, NYI, 
double minor (htahdftaktap), 15:31. 

- Shots m goal— istanctorsB-frd-01. Rangers 
1 1-19-9—39; pun t play Opgort wil tles - ls- 


BASEBALL 
American League' 

MILWAUKEE— Activated BJ. Surhoff, 3rd 
basomaa, from ISday dtaabted KsL Dent Matt 
Ml eihe, oafftatear, to New Orison* AA. 

N.Y. YANKEES— Called u» Bob Oieda, 
Pitcher, from Columbus. IL Sent Start Ins 
Hitchcock, pttdwr, to Catombus. 

OAKLAND— Recalled Mtotxri Jlmencu 
uttcher. from Taeamcb PCL. Sent Fausto 
Cruz, pitcher, to Tacoma 

BASKETBALL 

ftlitelnnnt to ■Jlnoll DeMHAllaa 

Hanoam wa mn wii audobtioh 

SEATTLE— Acffvafed Ricky Pierce, 
gumd. from Enlured Itot Put ChrN King, for- 
ward, on lnlurM UsL 

FOOTBALL 

Moftonaf nmflhstt Land 

NFl^- Na med Uri l Is noahen director of la- 
bar motions. 

CHICAGO— Stoned Tim Rvan, defensive 
tackle, to t-rear c ontract. 

GREEN BAY — Signed Willie Harris. wMe 
receiver. 

MINNESOTA— Amri red Warren Moon, 
auarfurhacfc from Houston tar undisclosed 
draft choices. Agreed to terms with Moon en2- 
year contract with an option year. 

NEW ORLEANS— fitonod Tom Ricketts, 
guard; Alters Brown, ftnebaefcar; Hankie 
Cooper, wfdt redever; and J orate Jeticoat 
and Corev Mayftate, nose tackles. 

TAMPA BAY— Signed Tim Irwbvoflaratve 
faricta. 

WASHINGTON— Waived Mark Rypton, 
quarterback. Signed Henry EWard. wide re- 
ceiver, 10 2-vocr contract. 

HOCKEY 


INTERNATIONAL FRIENDLY 
Unhid States L Moldova 1 

DUTCH FIRST DIVISION 

IMThm if TnburutXGA. Costas Deventer B 
MW Maastricht 1, votandam 1 
SC Itee r enveen ft RKC Watewdk 3 
Soarta RaTt e rd an i X NAC Breda 0 
Akn Am s terdam 6, FC Twente Easchede a 
Vitesse Arnhem L Fevsnoani R n tta nta n 2 
FC UtrucM-Z WV Vento 3 
Roda JC Kerkrode 1, Cambuur Leeuwankei j 
Sta nd ta gi: Ato. 48 points; Frrtnowd.45; 
PSV.40J Rada JC37; vitangOS; nac,34;fc 
T wuntt, 33; WKtam ll and MW, 31; ssoria 
28; OA. Eagtas, 27; Vdtandam. 24; Hegwv- 
veffl, 25; PC Utrecht, Mr vw, 25; pc Gra 
nhuwb 26; RKC. u: Cambuur, V. 

ENGLISH PREMIER LEAGUE 
Arsenal 1. aeim 0 
Covsntrv 1, Svfftald Wednesday 1, lie 
Ipswich 1, Swindon 1, lie 
Liverpool 8 Newcastle 2 
Manchester city V ^Narwtad 1, tie 
Otehom 1, west Ham 2 
Quee ns Park Rangers Z Evertah 1 
Sheffield united 1, Asian Villa 2 
Southampton X Blackburn 1 
Wimbledon 1. Manchester United D 
Leeds Z Tottenham 0 - 
Standings: Manchester United and Block, 
bum, 79 points; Newcastle, 48; Arsenal tn 
Leeds, 62) Sheffield Wednesday, 58; Liver- 
pool 57; Wimbledon, 55;Astan VUta and 
Queens Park Rangers. 54; Norwldi 49; Cov- 
entry. 48; West Ham, 47; chetsea and Mon- 
C he ster city. <3r tpswictv 42: Evertan, 40: 
To t t enha m wte Sou thornptoaJtrOkDseivPi 
ShefftaW Unltea 35; Swindon. 27. 

FRENCH FIRST DlVIStON 
Parts SatidGeraudn 1, Monaco 1 

GERMAN FIRST DIVISION 
Freiburg x Dynamo Dresden 1 
Cotogn* X Hamburg 0 
Schalku X VfB Stuttgart 1 
Warder Bremen X Baver Leverkusen 1 
BlntnxM Frankfurt S, Waften sc hcte 1 
PC Nuremberg X MSV Databurg X tie 
Kortaruhe SC X VfB Urtprig 2 


iV\- 




" Vj! • “ 





NHL— Suspended Mike Hough, Florida fan- 
ward, liteettnltotv ponding hearing lor stash- 
ing punaify fin game April ft 

ANAHEIM— Sent Scott Chanter, defense- 
man : Scott McKav. center; ond Maxim Befi. 

left whig, to San DteM IHL 

LA. kings— R ecalled Justin Hocking, de- 
fenseman. end Brian McRavnoldA fix ward, 
tram Phoenix. 1HI- Dave Taylor, right wing, 
retired. 

N.Y. RANGERS -Reca l led Berry Richter 
and Jabv Mentor, defensemen, and Corey 
Hindi. uucil ttt W w . from Btnghamtan. AHL, 

5T. LOUIS— Agreed to terms with David 
Raberts, tail wins, on muKlyoor contract. Re- 
adied Tonv Hrtoc, center, tram Peoria, IHL 
COLLEGE . 

NORTH ATLANTIC CONFERENCE-Art- 
noun cud the odol Worts of Hofefre lirllw )9H4S 
academic year and Tawean State In 199594. 

ARK. -LITTLE ROCK— Named White San- 
derson man's basketball coach. 

BOSTON COLLEGE— Sfehfd Jkn (TBrtan, 
men’s bosnttbancoadutomumyt o r contract 
extension. 

B UCKN ELL— Named Garret Chaawre as- 
■Mont football coach. 

CALIFORNIA— Lomond Murray, forward, 
win pass up Mi final yew of anoMllty and 
enter NBA draft. 

COLUMBIA— Named Wttty Wood men's 
track and ftate and cron country coach and 
Karen Reardon Interim woman's track and 
fleid and croon country coot*. 

DAYTON Nomad Ctamette Hankins worn- 
Mil bdSkVftXlll hmmIi. 

DELAWARE— Jim McCarthy, assistant 
■ football ccactv resigned to take similar posf- 
ttanat Luhtoh. 

HOFSTRA— Named Jay Wright man's bos- 
kefbail coach. 

IDAHO— Named Julie Halt women's bos- 
kctbaii coach. * 

IOWA ST-Jotony Orr, manta basketball 
coach, resinned. Named Tommto Ltoslrai run- 
ring back* coach: 

HOFSTRA— Named Jay Wright menta bas- 
ktttaii coach. 


Statelags: Bayern Munich, 39 points; KaF 
oorstautern. Vs Elntracht Frankfurt, Bow 
Levericusen, KartorutM and Borussia Dort- 
mund. 35; V1B Stuttgart, coloan* and Duto- 
bure.84; Hamburg, S; Wenter Bremen, 32; 
Borussia Moonchonotedbach and Dynamo 
Dresden. 31; Schataa. 20; Nurember g . Jn 
Freiburg, 22; W ot taiwcheM. 21; Letazto, 1ft' 
ITAUAN FIRST DIVISION 
Alotanta 1, Nepal I 1 
Cre mo nese 1, Torino l 
Foaata X Genoa 0 
Juvtnfvs 6, Lazio 1 
Lecce X Rtootana 4 
Milan Z Ud tease 2 
Parma X Cagltarl 1 
Rohm x Placeaza 1 
Ssnpdoria X Infer 1 
StamBngs: AC Milan, 49 pomts (won tttM; 
Juv*ntu&44; Sompdorla.43) Lazio and Farm 
40; Torino, 34; Nwolland Romo, 32; Foss la, 31: 
infer am) Cnmanm30; Cagltari aid Gam 
29; Pteosnza and Raagtana.28; UtHneswVir- 
Atakmta 19; r-Lecce. 11. (rrefegatad) 
SPANISH FIRST DIVISION 
Bcrcetane x Vofencto 1 
AlbacM* X CeBa 4 
Zaragoza 1. Lagronn 1 
Sevilla a Real Madrid 1 
Real Sodedod ft Sgortlag da Gttan l 
Osaauna L Hava Valtacano 1 
Vorkuta! id x Ltofda 2 
De port! vo do La Coruna z Tenerife 0 
Oviedo X Racfee <*» Sonfan d er 0 
Attetlco de Madrid A Athletic de Bilbao 2 
S tan te ug s: Donarituo Coruna. SI points; 


I- 

L 


S‘, 


Boreefena.au Red Mad rte.43; Real ZoraBo-^fc,;.-- - 


za. 40; SevHtoate Athletic BUbaa 30: Vaten-f 
da. Albacafe and Real Oviedo. 34; Racing 
Santander. Tenerife and Sporting Gltan, 33; 
Real SoctadadrSl ; Cotta 30; AtteTtao Modrto, 
Lofi rones and Rayu vafleamaEf; Leri do ond 
Real VaUadoHd, 25; Osasuna, 2X 


CRICKET 


AUSTRALASIA CUP / SHARJAH ON R-MY 
AwstroDa vs. New ZeataM 
lit Inataai. Satnrttav. In Shorten, UJLS. 
New Zealand: 207-9 (50 overs) 

Australia: 208-3 (473 oversl 
Result: Australia won by 7 wickets 
PbMitae ex UnHad Arab Bmlrofui 
tit Innfnus. Sunday. I* Shariah, UAJL 
United Arab Emirates: I45o1lout iwsavws) 
PtetWan: 144-1 0X1 overs) 

Pakistan won by 9 wickets 
FIFTH TEST 
West indies vs. England 
Second Day, Somhry, h sr. Jonnfe, Anthee 
First Inn Inox « lunch: 

West Indies: 351-3 


Pas- 


v ^ 

S' "■ -■ 

l- ... ; 


-*• r. 


- ' • 


DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 


man/ qgmuonI 

OFUBB01. 1 
FOt OF 
rfSANNi; 


mw« 

TO (ET W 
BED WN 
m W0B7 
IKE WISH. 



1 IDLAYJ 



■■l 


I Y1RAWA 



•■I 

IMOONAR 



in 


For 

investment 

information 

Read 

the MONEY REPORT 
every Saturday 
in the IHT 




-VF t i ' 




i.-.'-lr Vf-.. ■ 1 


c-. • . ~' i * 

1 ’■ h ’ ' ’’r - 





























INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


smiVis 

Schumacher Makes It 2- 






Page 19 


Good Work 
^eteaHand 
In London 

Katrin Dorre of Germa- 
ny , who won tbe 
London Marathon fora 
record third straig ht 

time, and lisa Onfidri 

of Australia, who 
came in second, were 


for-2 with Easy Victory in Pacific Grand Prix 

“ 1 Pole-Sitter Senna Goes Oia on First Turn 



a yeoman of the guard 
as they passed the 
Tower of London. Dkm- 
ido Ceron of Mexico 
was the men's winner, 
with Us fourth mara- 
thon victory in a row 

and the third fastest 
time in the 14-year his- 
tory of the London 
race. Abebe Mekonnen 
of Ethiopia was sec- 
ond, with German Silva 
of Mexico ttard. 

Got) Peanj'Agenoe FraKc-Plrue 


White Beats 
Red in Batde 
01 the Sox 

The Associated Press 

Frank Thomas and Danin Jackson 
; hit solo home runs in tbe fourth inning, 
while Lance Johnson added a pair of 
J /RBI singles as the Chicago While Sox 
defeated the Boston Red Sox, 7-4, at 
home Sunday. 

Scott Sanderson, making his first ap- 
pearance for ihe White Sox, allowed rate 
run and six hits in six innings. Sander- 


!* • A 





Complied by Our Staff From Dispatches 

AIDA, Japan — Michael Schu- 
macher, the German Formula One 
driver, is 2-for-2 so far this season. 
But after cruising to an easy victory 
Sunday in tbe Pacific Grand Prix, 
be still saw himself as the under- 
dog. 

“I thought we would have a pret- 
ty good chance here,'' said tbe 25- 
year-old driver for Benetton-FanL 
“But when we get bade to Europe, 
then I thfak we will have a more 
difficult game.” 

Sch umacher was cate erf the few 
drivers on the challenging T-l Cir- 
cuit for the inaugural Pacific 
Grand Prix who didn’t have a hard 
iitw» reaching the finish line. 

Of 26 starters, only 1 1 completed 
the race, which grew increasingly 
treacherous as spin-outs and blown 
engines splattered the curves with 
ofl. 

The second-place finisher, Fer- 
rarTs Gerhard Berger, of Austria, 
was nearly a lap behind Schu- 
macher, who completed the 83-lap 
nice in 1:46:1.693 at an average 
speed of 173.9 kilometers (108.69 
mites) an hour. 

Third was Brazilian Rubens Bar- 


richeOa, driving for Joidan-Hart, 
who was cme lap bade. 

One of the early casualties of the 
3.703-kilometer (2.30I-mile) 
track’s twists was pole sitter Ayrton 
Senna, whose fortunes this season 
«wm to be as bad as Schumacher’s 
have been gpod. 

The three-time world champion 
driver started from a record 64th 
pole position but was in the driver’s 
seal for only a few seconds. He was 
bumped by Mika Hakkinen’s 
McLaren Peugeot in the first turn 
and as his Williams- Renault 
swerved left off the track, Nicola 
Larini’s Ferrari crashed into it 
from behind. 

S^ina also spun out while chas- 
ing Schumacher in the season- 
opening Brazilian Grand Prix. 

“It was a fantastic feeling,” 
Schumacher said of Senna’s early 
retirement “l knew Ayrton was the 
only competitor I had to fight 
against And when Ayrton went 
c&. I knew that 1 coiild take it 
easy.” 

His job was made even easier 
when Senna’s British teammate, 
Damon H31, pulled out of the race 
in the 49th lap and McLaren-Peu- 


geot’s Martin B run die went out in 
the 67th. 

But Schumacher said he expect- 
ed a more difficult challenge in the 
Imola race, set for May 1 at San 
Marina Italy. 

“I believe the Imola circuit will 
be where tbe Williams team win be 
able to show their potential” he 
said. 

Ferrari’s Jean Alesl who was 
third in Brazil is injured and did 
not compete Sunday. 

The International ' Automobile 
Federation said Sunday that both 
Ferraris had been fitted with de- 
vices that “in certain circumstances 
limited the power of the engine" 
during practice Saturday. 

Tbe device was believed to en- 
hance traction control one of the 
banned electronic refinements that 
have favored wealthy tea ms . 

Or ganizer s, meanwhile, said they 
were happy with the size of the 
crowds that descended on the small 
far ming town of Aida in the moun- 
tains of western Japan. 

1 The year’s penultimate race, the 
Japanese Grand Prix, is to be held 
in Suzuka, Japan, in late October. 

(AP, AFP) 



Dodgers Race Past Pirates, 
Led by Snyder’s Red-Hot Bat 

' - ... r J 


jor-league team. Roberto Hernandez 
struck out the side in the ninth for his 

- second save. 

Frank Viola allowed four runs and 
r t seven hits in 5ft innings for Boston, 

AL ROUNDUP 

which lost for the first time in five home 
games this season. 

Mike Green well hit a solo homer m 
the first for Boston, which had at least 
one hit in each of the fiisrfive mningsrit 

• - ms the third home ran this season for 
'Green well and the 100th of his eight- 

' . year career. . , 

Johnson lied tbe game 1-1 m the sec- 
■ ond with the first of his two singles, and 
Thomas homered leading off the fourth. 

. His fifth homer of the season went into 

• the screen atop the left-fidd fence. 

Jackson followed two outs later with 
his fourth homer of the year an even 
[’ longer shot that went off the light stan- 
dard above the left-field fence. 

Johnson had another ran-sconng sm- 

- gle in the sixth and the White Sox added 

fhree runs on three Red Sox enoraimde 

bloop single m the aghih- Greoiw^ 
added a nin-soonng double in the 
eighth, which was followed by Mo 
*•* Vaughn’s two-run homer, his second- 

ignited a four-run rally wdh a sacrifice 

^ dC ^MaSy led off the 

• a double off Bill Krueger and Itoy 
' Tartabull singled bnn to third. 

‘ Stanley was walked intentionally to load 
' the bases, and Williams fly to nght 
£ brought Mattingly home with the go- 

5 

i. base^ MoniafoflowMi with his two-nm 

single to mak e it 8-4. j_ 

C' Xavier Hernandez, wbo came on in 



ti v 



_ - 










Shortstop Jeff Rlanser had a tag awaiting tbe Cub’s Sammy Sosa dming tbe Brave’s 4-1 tnumph in Jacago. 


the seventh, indeed up the win despite 
giving up a two-nm homer to Enc Davis 
in the eighth. Jeff Reardon worked the 
ninth for his second save. 

Royals R Brians 3: Five days after die 
worst start of his career, Kevin Appier 
pitched sewn strong innings as Kansas 
City beat Cleveland at heme. 

Rookie designated hitter Bob Hame- 
lin homered and doubled, driving in 
three runs. Brian McRae had four hits, 
matching his career high. 

Kansas Qty, which had lost five of its 
Oral six games, completed a three-game 
sweep and evened its record at 5-5. It s 
the first time the Royals have swept 
three or more games in Cleveland since 
1973. 

AD four of Cleveland s losses tins year 
have come against Kansas City. 

■ In Saturday's games: 

Orioles 6, Rangers 4: Harold Barnes 
finished what Raf ad Palmeiro started as 
the two former Texas players led the 
Baltimore Orioles to victory over the 
Rangers. 

Baines, faring Tom Henke with only 
two hits in 13 at-bais against him, tripled 


Saturday night to score three teammates 
and cap a four-run eighth inning for the 
visiting Orioles. 

Cal Ripken ended an Wor-10 slump 
with an RBI single off Jay HoweD, mak- 
ing it 3-3. After Chris Hofles was mten- 
tionally walked to load the bases, Baines 
hit his first triple in 394 games, daring 
back to April 24. 1991, at Minnesota. 

Pahnciro’s seventh-riming homer off 
the team that refused to sign him as a 
free agent got tbe Orioles raffing after 
they trailed, 3-0. „ _ . 

Bine Jays 5, Angels 4: John Olerud 
legged out an infield single with the 
bases loaded and two ouis in the sevaith 
for Toronto’s victory in California. 

A day after blowing a seven-run lead 
in the ninth inning of Friday night’s 14- 
13 loss to the Angels, the Blue Jays 
recovered from seeing a 4-0 lead disap- 
pear in the fifth inning. The Blue lays 
also snapped a four-game losing screak. 

Royals 12, Brians 9: Shortstop Omar 
Vraquel the American Leag ue’s G old 
Glove winner last season, committed 
three errors that led to seven Kansas 
City runs in Cleveland. 


Rookie Bob Hamelin hit a three-run 
hpin pr and drove in a career-high five 
runs for the Royals. 

The Indians squandered leads of 5-1. 
8-5 and 9-8, finally losing it when Viz- 
qud dropped Gary Gaettfs two-out. 
bases-loaded pop fly in the eighth. Kan- 
sas Qty tied at 9 when Hamelin walked 
with the bases loaded, and VnquePs 
error let in two more runs. 

Athletics 8, Twins 3: Terry Strinbach 
hit two home runs and Bobby Witt 
pitched a three-hitter Tor the A’s at 
home. , 

Steinbach’s three-run homer capped a 
five-rim first inning against Mark Guth- 
rie. He connected for a solo shot in the 
eighth, his fifth of the season. Mark 
McGwire added a two-run homer for 
Oakland. 

Kirby Puckett hit a two-run homer m 
tire ninth and has hit safely in all 12 of 

the Twins’ games. 

Tigers 5, Yankees 4: Pmeh-runner 
Juan Samuel raced home from second 
base on Travis Fryman’s one-out single 
in the 11th inning to give Detroit the 
victory 21 home. 


The As soci ated Press 

Cory Snyder hit three home runs and 
drove in seven more and the Dodgers 
matched their highest nm total since 
moving to Los Angdes frith a 19-2 vic- 
tory Sunday over the Pittsburgh Pirates. 

Snyder had a pair of two-nm homers 
for the visiting Dodgers, then added a 
three-nm drive during a nine-run sev- 
enth inning for the second three-homer 
game of his career. 

The Dodgers have had two other 19- 
run gam**, since moving to Los Angeles 
in 1958 — against the Padres in 1969 and 
the Giants in 1970. The franchise record 
of 25 runs came in 1896 and was 
matched in 190!, when the Dodgers 
played in Brooklyn. 

Tom Candiotti allowed two runs over 
six inning s for his third straight victory 
as the Dodgers finished with 21 hits, 
halting a four-game losing streak and 
Pittsburgh’s six-game winning streak. 

Two of Snyder’s homers and Raul 
Mondesi's three-run drive came off 
'Steve Coote, whose camed-run average 
jumped from 138 to 5.50 as he was 
roughed up for nine runs and 12 hits in 
five innings. 

Pirates reliever Joel Johnston gave op 
eight runs and seven Mts in I ft in nings . 
The Dodgers’ nine-run inning was one 
short of their anglo-inning high since 
they moved to Los Angdes. 

Min other games Sunday: 

Giants 9, Marlins & Mark Portgual 
won his 14th consecutive decision and 
Bany Bonds and Matt Williams hit two- 
nm hornets as San Francisco withstood 
an eighth-inning rally to beat Florida at 
home. 

Portugal who won Ms final 12 deci- 
sions with Houston last season, gave up 
five runs in seven innings. Mike Jackson, 
helped by Bonds’ leaping catch that 
robbed Jeff Canine of an extra-base hit, 
pitched a perfect ninth for has second 

^Florida scored three rens in the eighth 
after a bench-dcaring Mil that began 
when a pitch by Kevin Rogers brushed 
bade Benito Santiago, who then charged 
the m flwnd and tackled the reliever. 

Santiago, Rogers and Giants manager 
Dusty Baker were ejected. The Marlins 
imw back with a double, three walks 

, and Dave Magadan’s two-nm singte, but 

Jackson then struck out Gary Sheffield 
with two on to end the inning. 

Ryan Bowen gave up eight tuts m five 

I witling s. The Giants, who began the 
: game ranked next-to-last in the majors 
» with a 320 average, had 14 hits. 

Onfinab 5* Padres 0: Geronimo Pena 


homered fr om both sides of the plate 
and Rene Arocha rebounded from two 
poor starts with a five-hitter Sunday as 
the Sl Louis Cardinals beat (be visiting 
San Diego Padres, 5-0. 

San Diego has lost seven of eight and 
is 2-11 overall tbe worst record in the 
major leagues. Sl Louis has won four of 
five. . . 

Pena, playing only because of an inju- 
ry to second baseman Luis Alicea, ho- 
mered left-handed off Andy Ashby in 
the third and switch-hit a 3-2 pitch from 
Mark Davis in the seventh. 

Arocha hadn’t won since SepL 9 and 
allowed nine earned runs in 7 2/3 in- 


anotber strong performance and another 
victory for Atlanta’s left-hander. 

Mercker, pitching eight days after his 
nohitter in Los Angdes, came back with 
seven solid inning s Saturday in Chicago, 
giving up one nm on six hits, striking out 
eight and walking three. The victory, a 
day after Atlanta won by 19-5 at Wrigley 
Held, made die Braves 11-1 overall and 
9-0 on the road. 

Javier Lopez Ml a two-out, two-run 
single in the sixth and the Cubs re- 
mained winless in five games at Wrigley 
Held. 

Mets 9. Astros 1: Dwight Gooden, 
who had been sidelined since opening 
day because of a tom right Mg toe, 


UAT UVMiUJV VI » 

NL ROUNDUP 


njngg during his first two starts this 
s eason. He struck out nine — matching 
his career high —and walked none. 

Ashby aDowed four runs in seven hits 

in 4 2/3 innings with five walks as Ms 
career record dropped to 5-2fr ’ 

R :«ds 7, Fifties (h Tom Browning 
pitched a two-hitter for his first shutout 
m four seasons as visiting Cincin n ati 
beat Philadelphia. 

Browning struck out four and walked 
two in Ms first complete game of the 
year. It was his 12th career shutout and 
Ms first since May 7, 1990. Cincinnati 
had a season-high 16 Mts and Bret 
Boone drove in three runs. 

Phfladetphia’s only Mts were Ricky 
Jordan’s single in (hie fourth and Dave 
Hoffins' infield single in the seventh. 

Shawn Bookie, making his first ap- 
pearance for Philadelphia since the Phil- 
lies acquired him from Chicago on April 
12, allowed two runs and nine Mts in six 
innings, struck out four and walked one. 

Mets 4, Astros 2 : Jett Kent Mt two 
home runs, inducting a two-run shot in 
the eighth inning ,, to give New York a 
win over visiting Houston. Kent has sev- 
en home runs this season . 

Bobby Jones gave up five Mts in eight 
innings, struck out four and walked two. 
John Franco finishe d for Ms second 
save. 

Darryl Kile struck out seven and 
walked none in seven innings. He al- 
lowed nine Mts, including three by Todd 

Hundley. Todd Jones took over to start 
the eighth and struck out Kevin 
McReyndds. but Joe Onsulak angled 
and Kent followed with Ms homer to 


right-center field. 

■ In Saturday’s games: 

Braves 4, Cubs 1: There was no no- 
Mtter this time for Kent Mercker. Just 


Gooden gave up four hits, struck out 
five and walked three. He had not 
pitched since hurting himself while de- 
feating Chicago at Wrigley Fidd- Mike 
Maddux went three innings for Ms sec- 
ond save of the season. He gave up one 
Mt, a solo home run by Steve Fmley in 
file eighth. 

Rockies 7, Expos 3: Defending Na- 
tional lepp'f batting champion Andres 

Galarraga snapped out of a slump with a 

grand slam in the seventh inning, power- 
ing Colorado past Montreal in Denver. 

The Rockies rallied from a 3-2 deficit 
with a five-run seventh, capped by Gar 
lanaga’s Mow, to win their third straight 
game. 

Martins 5, Giants 3: Bret Barberie's 
home run and pinch-hitter Jerry 
Browne’s RBI single in tbe eighth inning 
helped Honda beat visiting San Frands- 
ca 

With the score tied 3-3 and one out in 
the eighth, Barberie homered off Rich 
Montdeone. One out later, Kurt Abbott 
doubled and scored on Browne's pinch- 
Mt angle. 

FtdRtes 6, Reds 4: Danny Jadtson 
nitched 6ft strong innings and Darren 
Danlton homered as Philadelphia beat 
visiting Cincinnati. 

Pirates 4, Dodgers 3: Jeff King went 
4-for-5 and singled home the winning 
nm in the ninth inning against a drawn- 
in infidd as Pittsburgh ran its winning 
streak to six games by beating visiting 
Los Angdes. 

Padres 8, Cardinals 2: Wally White- 
hurst lasted beyond the fifth inning for 
tbe first time this season and Dave Sta- 
ton Mt a two-run homer, enabling San 
Diego to snap a six-game losing streak 
by defeatingSL Louis at hone. 


>; 


/ft- 


SIDELINES 

, Berzin Outrides Armstrong in Liege 

DClAiu vu . of Russia, with a devastating 

J LEGE, Belgium (APj—J^^Ssumtay and, at 23, became the 
surgft won tire Li(^to^8^^« i ^Lgd^ 
first Russian to wm ^J^^Tchanipion who turned pro last year, 
Berzin, the 1 990 world amatom c^P^^ (3 7$ from the end 

broke free from the leading ^ this year’s World Cup. 

of the 2683-kflometer race ■ ofLance Armstrong of the 

He finished more thm anmmto ootsprintillg Italy » s Giorgio 

RusseD-Baker Wm Jn ^ 

PARIS (AP) Sunday by one stroke 

from the start, woo the 1®® , , Sneoce of England, 

over Mark Mouland of Wate ^finish at 260 ’ while Spence 

The English twosome shot of 64. RnsseB Claydon and 
and Mouland dosed “^^T^S^veriano Ballesteros and Josi- 
Paul Eales of England tied for third 

, Maria Olazibal of Spamat263. ^ Nonna n and Russ 

• • Hale Irwin took a two-sttoke in South Carolina 

Cochran into the final round of 0 * vJJStowah three rounds. Cochran 

• after shooting 65 for a recordl98w^^ Md Frost, the 
(66) and Nonnan (67) wac^reeal^dot 

latter shooting 72 after his record 61 on rnaay 

. • For the Record Stakes ^ & lengths 

Holy Bufl led all solidifying his status as the 

•' over Valiant Nature <!&) 

' favorite for the Kentucky^Derb^ ^ Kentucky Derby piclwe mtha 
bp* thrust himself to J* fije 70th running of the Wood 

* wire-to-wire victory over Go rarup m (SYT) 

Monorial at Aqueduct in New Yore. ationa i team and Covomy 

' Roy Wegerie, ^^hadarthioscoptc 

: : City in the English P^^J^tknee and is to remain in the United 
■« out meniscus damage m his nght Kn _ . . ^ (AP) 


Ireland’s Soccer Team Looking for Few Good Qiuis 


By Steve Coll 

Washington Pass Service _ 

DUBLIN —The joke in English soccer 
carries these days is that to become a 
member of Ireland's World Cup tram, ^ 
you need to do is to find a grandmomer 
who once drank a pint of Guinness. 

Hie laughs are bitter compensation tor 
the English, stmmed and embarrassed that 
their rimtma tioa from the World Cup m 
aualifying rounds has left Ireland as the 
headed to the United States 
from their part of the world. 

But it’s true that with two months lento 
prepare for the finals, Ireland’s national 
team is looking for a few good quasi- 
Irishmen. Dublin’s front-office staff is 
busy these days not only with playbooss 

but with genealogy charts. , 

“We only do it if somebody (talented) 
offers themselves to us" as a candidate for 
dual citizenship, said the tram s dnef «» 
utive, SeanCormolly. 
we’re always Iookmg for extra talent. .we 
don’t have a hug: pool to draw from m 
such a small country.’' .. * 


i or me worm wup /Hinton 

Senate and sent to President Bill Clin 


placeman im x — - ~ _ 

idol 4-incb (133-metff) 
knee injury last year has left the 
without their most potent scorer as tney 
train for tbe finals that start June 17. 

On an aging team more noted tor its 
strengths on defense and in fmdfidd than 
in attacking the goal the ™ghty 0™ s 
fall has landed m Dublin with a heav> 

lh ^w Irish sports pages are Hied with 


reports and speculation about which goal 
scorers in England’s top soccer league may 
turn out, on closer examination, to have 
enough Irish blood and patriotism to satis- 
fy the international soccer federations 
rules on national- team q ualifi c a tion. 

So far, tbe members erf the tram’s front- 
office staff are playing it dose to the chest 
“Wtfre working on it" said team coachmg 
director Joe McGrath. But be concede, 
•‘Replacing Niall Quinn is a bit of a prob- 
lem." f . 

It’s not the only problem confronting 
McGrath and his boss. Jack Chariton, ihe 
cherubic national teams head coach 
whose success with the o^achievmgln^i 
squad has made him perhaps the best- 
loved in Iroand — no small 

accomplishment in a country whose leg- 
endary warm-heartedness does not ordi- 
narily extend to its former colonial rulers 

across tbe Irish Sea. 

Conventional wisdom bolds that the 
World Cup finals set to be played m the 
summer heat and humidity m the United 
. States, coupled with, the extensive travel 
required to cover American distances, fa- 
vor that are young, fit, and acras- 

tomed to playing in hot weather. Ireland is 

."rtowS goalkeeper, Padde Bonner 
will nun 34 in May ^dhas fanra^t rf 
favor with his Scottish dub, although Ire- 
land’s managers still express full coufi- 
dence inhSlhe teams best pMyer, de- 
fStePaul McGrath, wiU .tore 35m iApd 
and has been straggling with MW 
-None of us would dmy ^ "JJ 
the players are rising to their sdl-by date, 


said Connolly. “But the guys you are talk- 
fno nhout are nrettv kev players and are 


The team’s graying, injury-nddra pro- 

ffle tends to provoke heeiy lndi pesamiam 

among sportswriters and fans. But such 
worries may be premature. This same Irish 

team finished second in a World Cup qual- 
ifying group that included European 

'Quite obviously we’re 
always looking for extra 
talent. We don’t have 
a huge pool to draw 
from in such a small 
country.’ 

Sean ConnoDy, the team’s 
chief executive 

<4mmpinn Denmark, a strong Spanish 
squad and arch-rival Northern Ireland. 

Spain was a narrow winner of the gronp 
and Denmark is staying brans, the latest 
but probably not the last victim of Chari- 
ton's generally underestimated ensemble. 

j pMiinrr g reputation is of a team with no 
particularly compelling style other than a 
tendency to nm at every ball and never to 
quit 

Soccer purists criticize the team's "Tong 
ball" style, with its heavy dependence on 


crosses and headers, as opposed to the 
speedy, one-touch pattern passng favored 
by South American, African and continen- 
tal European teams. 

Irish officials say the long-ball 
reputation is not fully deserved, but they 
con cede this is not a team likely to win 
unfit juke steps and back-heel passes. Ire- 
land under Charlton plays soccer the way 
Irish boxers traditionally fight — square 
up, sometimes ugly, sometimes bloody, 
but with tenacity. 

This style used to be known as English 
soccer. These days, what really irks Eng- 
land — where nearly all of the Irish nation- 
al players earn their living in the 
Premier League — is that only the Irish are 
playing hwdl 

Ireland’s trip to the United States wQl 
be rally its second advance to the World 
pip finals in the country’s history. Its first 
finals were tiie most recent tournament, in 
1990 in Italy, a feat also engineered with 
Charlton at the helm. 

Although Ireland did not win a gamein 
regulation in that tournament, it advanced 

to the quarterfinals by holding its first four 

opponents to draws ami by winning a tie- 
brealdng penalty kick shoot-out against 

' Italy at last sent the Irish home, 1-0- But 
many Irish fans thought that reacMngthe 
quarterfinals was victory enough- They 
probaMy would be satisfied with the same 
result tins summer- 

The World Cup draw guarantees Ire- 
land a rematch with Italy. Indeed, with the 
Italians, Mexico and Norway, Ireland 


finds itself in what may be the toughest 
preliminary-round group in tbe fin als , a 
group notable Tor the absence of any light- 
weights. 

Although the Irish lineup has been un- 
settled by age and injury, the core of the 
i p«in likely to take the field in New York 
and Orlando, Florida, is drawn from two 
of the English league's best te ams , Man- 
chester United and Aston Villa. 

Defender Denis Irwin and midfielder 
Roy Keane — the most expensive signing 
in English league history when he joined 
Manchester Umted at the beginning erf 
this — are key components of a 

dub that has been cruising atop the Eng- 
lish league all year. 

From current English League Cup final- 
ists Aston VDla come McGrath, Andy 
Townsend and Steve Staunton, who has 
b fff ii straggling with injuries. 

With such key players used to working 
together on high-profile English teams, 
Ireland’s coaches think they have a 
marked advantage- . , , 

“They’re like a dub team," said the 
coaching director, McGrath, wbo is no 
relation to the team’s star defender. 
“That’s very, very unusual in international 
competition. We reaDy have a family team. 
They keqp in touch with each other even 
during the games in England.” 

McGrath sees the team as an Irish over- 
the-hOl gang- 

“Going to tbe World Cup. I’d rather 
have experienced players, even if they’re 
over 30 years old, than to have a young 
team ” he said. “With a youthful team, 
everything that can go wrong, wiU” 


Page 20 


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INTERNATIONAL HERALD TRIBUNE, MONDAY, APRIL 18, 1994 


The Wild Realities of Garda Marquez 


By David Streilfeld 

Washington Post Semite 

M EXICO CITY — In a moment, well gel lo ihe 
serious stuff: the encroaching shadow of death, why 
a house of prostitution is a good place for a writer, how 
love is eternal as long as h lasts, and whether a novel about 


an ageless insane dictator can also be an autobiography. 

. Consid- 


But for now, consider something more mundane, 
cr the shower. 


After rising at 5 A NL the 67-year-old writer performs 
the usual chores: brushing, shaving, dressing. He detests 
them all — the time wasted, the sheer bother. Every 
morning he wishes for some sort of miracle drug, a tonic 
that would instantly transport him to his desk. The only 
thing he likes is the shower. 

As the hot water streams down, be muDs ova- what he 
wrote the day before and waits for fresh revelations. This 
is a writer who built his career on what be once called 
“those details of human interest that do not seem impor- 
tant but that arc in fact the ones that move us.” They bring 
his fantasy down to Earth, make it magically real: A storm 
doesn’t merely go on for years, but for “four years. I I 
months and two days”; a death is heralded by “a light nun 
of tiny yellow flowers' 1 ; a priest levitates six inches off the 
ground, but only after drinking a cup of hot chocolate. 

Sometimes the details arrive so quickly he jumps out 
hair slick with shampoo, and rushes to his desk. But there 
are mornings when the process isn’t so quick, when he has 


to tarry under the spray, legs growing weary, for the muse 
to make 


a grudging appearance. 

Like everything else about him, a myth has grown up 
about this- His showers are said to be so lengthy that he had 
lo install a second water beater. One imagines the really bad 
day, when there is no way for the narrative to move forward, 
when his skin resembles a boiled chicken and the clouds of 
c»pam spir aling up from the bathroom can be seen from the 
summit of Popocatepetl 50 miles away. 

So what's the longest his showers last? 

“Oh, 10 minutes." When you’re a genius, it seems, even 
inspiration beats a path to your shower stall. 

More than any other writer in the world, Gabriel Garda 
MArquez combines both respect ("bordering on adulation ) 
anri mass popularity (also bordering on adulation). “One 
Hundred Years of Solitude" — his 1967 masterpiece that 
effortlessly recaps the history of Latin America while never 
straying from the imaginar y Colombian town in which it is 
set — has sold upward of 20 mini on copies, influenced two 
generations of writers and been judged the one novel of our 
time most likely to survive. 

“ ‘Solitude’ has the same relationship to Latin American 
culture that Rabelais’s work does to French, or Dante's to 
Italian, or Cervantes's to Spanish. Once their books existed, 
the cultures from which they came seemed unimaginable 
without them," says Gerald Martin, an English academic 
who’s writing the authorized biography. “Garda Marquez is 
the first person to universalize the Latin American experi- 
ence. He opened a continent for literature." 

Since “Solitude,” 10 more of his books have been trans- 
lated into English, ranging from the lushly romantic “Love 

in the Time of Cholera," about a couple who must endure SI 
years of separation before their love can be consummated, 
to the phantasmagoric “The Autumn of the Patriarch,” a 
meditation on dictators, to masterly short exercises 
(“Chronicle of a Death Foretold,” a reconstruction of a 
murder). 



Luo Mapna for The Worfunstoa Post 

For the Colombian author, writing is like breathing. 


He speaks in Spanish — not knowing English, he says, is 
one of nis big regrets. To schedule a conversation with the 
writer in any language requires months of negotiation and a 
good deal of help. Over the past 20 years no more than a 
dozen full-scale profiles haw appeared in English. 

One reason for his disinclination, perhaps, is that inter- 
views nowadays always involve technology. He fusses over 
the tape recorder, asking several times why one is necessary. 
“It has an ear but no heart,” he protests, and such is ms 
power to redefine reality that for a brief time the machine 
stops working. 


Every morning, inspired by the shower, he conies here to 
oik. “I think it’s Rilke who 


work. “I think it’s Rilke who says, ‘If it’s possible to live 
without writing, do it,' " says Garda Marquez. “There’s 
nothing else in this world I like more than to write. And 
there’s nothing that can keep me from writing. That’s all I 
think about" 

That, plus death. “Strange Pilgrims,” published in the 
United States last fall is ostensibly a dozen stories about the 
unlikely fates that befall Latin Americans trav eling abroad. 


but from the opening sentence of the first story, “Bon 
Voyage, Mr. President” it’s really about the biggest trip of 
all: “He sat on a wooden bench under the yellow leaves in 
the deserted park, contemplating the dusty swans with both 
his hands resting on the silver handle of his cane, mid 
thinkin g about death." 

When the stories don’t begin with la muerie, they end that 
way. Even in die introduction, Garda Marquez recounts a 
dream he had about a “festive" and “happy” occasion be 
spent with friends: his own funeral. 

AH this was a premonition. Two years ago. the day after 
the bock was finished, an X-ray of his thorax revealed a 
tumor. It was malignant, but it hadn't spread. 

The prognosis is good, or so the doctors say. But the 
checkups remain “terrifying. They might find something 
else.” Recently, he had an appointment scheduled for a 
Wednesday. "On Saturday I was anxious. On Sunday. I 
thought I was going to die." On Monday, he bad the 
appointment moved up — something posable if your none 
is Gabriel Garda M&rquez. 

The brush with cancer has clearly shaken torn. Tm in 
more of a hurry. I used to say. < Icandothisin20or30 
years,' but now I know there might not be another 30 years. 
But I try to get over this when I sail down to work. 
Huniedness in creative expression is immediately noticed-" 

Nevertheless, his output has escalated. He was a notori- 
ous perfectionist, agonizing over every page as it came out 
of the typewriter, refusing to move on unless it was perfect 

— not only as good as he could make it, but without a single 
typo or penciled correction. Helped by bis Apple, litis 
process now moves along much more qtriddy. Whereas 
once he worked on a angle page at a time, now he works on 
10 . 

A novel used to take seven years. Now it’s about three. 
He’s finished a historical tale set in Colombia, a tragic love 
stray titled “Love and Other Demons.” (Knopf wfl] publish 
it in the United Stales next spring.) He's well along on a 
series of essays about bis life. He has a new nonfiction 
project about to get under way. Other ideas are in various 
stages of development. 

It's not easy, being a legend. Garda Marquez stiD consid- 
ers himself a journalist, but it's an increasingly hard craft to 
practice. “I had a project I wanted to do for a long time: Go 
to some small town in Colombia, gel out of the car and write 
a report on what that town is about. But I realized some- 
thing. By the third day, all the correspondents in Colombia 
would be there watoting me do this. Tm the news." 

Public events are worse. Says Garcia MArquez: “It’s as if 
you could even measure solitude by the number of people 
around you. As you’re surrounded by more and more 
people, you fed smaller and smaller and smaller." 

Writing, then, is not only a necessity — “It’s like breath- 
ing for him,” says his friend Josi Donoso — but a sweet 
rouge: It’s the cue place no one else can touch, a spot where 
he can monitor and assbnfiate and understand the “wild 
reality” of his chosen territory, the Caribbean. 

“I prefer not to know why it’s so wild," he says. "Those 
who know say it is because it’s a synthesis of many cultures 
— Spanish, African, Indian. But 1 believe many regions of 
the work! are like tins, full of wonder and mystery. Most 
people just don't see it" 

Garda MArquez sees it Out in the garden, the interview 
over, he reaches into his VW sedan and flicks a switch The 
garage door rumbles up, revealing a shortcut to the street 
“Now that" the novelist says wth his first laugh of the 
evening, “is magic realism.” 


LANGUAGE 


Offline Footprints on the Infobahn 


By William Satire 

W ASHINGTON — Say the word footprint, and I 
immediately think of the Abominable Snowman 
of the Himalayas. Does this prepare me for a nanose- 
condaiy grasp of computer lm| 0 ? Not yeti; a genera- 
tion of hackers, confronted with the old word foot- 
print, think* first of its latest sense, “the desk space 
taken up by a computer.” 

Those of us with fat footprints (I am pounding this 
out on an archaic; 33 -megahertz pre-Pentium monster 
that I have to start with a crank) get the feeling that 
ours is an offline life. I take that new usage from a 
clipping about cybersex sent over by my computer 
multimentor, Andy Glass of Cox Newspapers. Cyber - 
sex is defined in CompuServe Magazine as “‘adult- 
oriented’ games and CD-ROMs; steamy online 


Will you find a date in time for die trackball? 
of a dead mouse, lying on its back, the tail connected 
the computer. This odious extension of the ro$ 
metaphor refers to the bafl-bearmg on the 
stomach, which can be operated by. the finger.^ 
therefore easier when there is Sltle desk space to , 
around. The ball-bearing that manipulates the 
on the screen is known as the trackball (Two-sev 
hitters await computerdom's use of stickbali, mb | 
and punchbaS.) 

Have you met Ed? You don't want to; ihe 
inflection is a downer. In grammar, wentis like -% , 

and divijrpoinied are examples of weak inflect™ ^ m)IU ** 



the addition in Old English of the suffix -ed.to form fa ^ 


past tense and past participle. Strong infleomfony 
the past tense without a suffix, as in sang aid ^ 

. computer linguists have seized os the- weak -ed si. 

‘chats'; people discussing their sex lives and wanton pg^onalize the past If you've met Ed, you’re fiimjual 
desires .with strangers m online forums, even falnngm washed up, history. • rrT 

love wiihout having met." Z)wm is in. As one who almost went broke 

The article quotes Jams O., winch is the u«w debate wha[ seemed Eke a Nexis aw dump when 
of a person conducting an online Human Sexuality M - - 


£t> r 


0 


Sa, 


<* a person condiKtmg an raume Human aeoramy foflow directions to sign off and stop the cascade! 
Forum, saying- ^here is nobody m my o/pne life that ^ i v^xmxbmTdur^, a useful 
I would fed comfortable exploring sexual submission ,k~ * 

issues with." Let’s not give m: online, in use since the 
dark ages of 1950, means “available or accessible 

specific ^m«cf"c<Minected and turned on” or “hav- 
ing a feature that can be used without exiting an 
application." (As leaving leaves, exiting eal ess,) 

Offline is not quite the opposite: according to the fanner software developer (now my son the interacts 
New Hacker's Dictionary by Eric Raymond, it means multimedia producer; nobody treads water in that tog; 
“not now or not here”; when a person suggests remov- ness). MorF? is an interrogatory acronym for “Make* 
al to her offline life, as in the stray of Janis O., she ** ’ ' L - 

alludes to direct human contact, or at least nonpublic 
communication through E- mail for those who cannot 


il)B : 


.or 


describe the imparting of everything one knows «i| r .•> f * 
given subject. • ’ 

D ** . J 

Here’s the latest jargon dump from Wired magana.’-^ 

I was given a subscription to tbis electric new pobfc/ . ,1, 
tion-with an in-your-interface attitude by my son 

(flnwr cnfhMTP rfniu l fflK i fnnmr mv inn (ha ' ■ ' 


bear the retrogression of going postal 

In The Courier- Journal of Louisville, Kentucky, 
James A. Fussefl defines going postal as “a euphemism 
for being totally stressed-oul or Tosing it.' He sug- 
gests the derivation is from postal employees who have 
grate on shooting rampages, while others attribute the 
phrase’s origin to not bang online or using an E-mail 
address. 

A sagan erf new computer terms (that uses sagan as 
an eponym for “large quantity,” from Carl Sagan’s use 
of “billions and bOIirais" on his TY series) indudes 
cracker, not a Southern put-down but an onsanctioned 
hacker; like the safecracker who breaks through a 
security system, the shorter form cracker identifies any 
hacke r who breaks into a computer system without 
authorization. 

□ 

Cyberdom's fixation on acronyms continues: the 
people who brought us DOS (Disk Operating Systran) 
ana CD-ROM (Compact Disk-Read Only Memory, 
which means you cannot write on it) have come up 
with MIDI, not French for “noon” but Musical In- 
strument Digital Interface: through this keyboard 
connection. President Clinton could play his saxo- 
phone without ever having to take a deep breath or 
infla te his rbarire Initialwu* is maiaTIy a si g n of larmegs 
in neologizing, but sometimes shows imagination: 
GUI stands for Graphical User Interface — the point- 
ing to pictures and symbols called icons — and has the 
advantage of being pronounced GOO-ey. 


ness). MorF? is an in te rrogatory : 

Female?” This is. the question posed in the Peonfe 
Connection “rooms” of America Online, “as comer. : : ' 
sants try to determine the sex of other occupants." ?; :: 

The magazine notes that when a question like “Sa«h 
— MorFF is asked, the answer often includes age 
geographical location, as in “F/24/Ocvdand,” wftfav '" 1 
can lead to perfectly respectable communication aaic ; 
not unsafe cybersex. Try tut to confuse MorF? whA 
morph, the computer animation technique that aDonj - - 
figures to change from one shape to another. - j _ ; 

Interrupt-driven describes “someone who mows 1 - - ■ 
through a workday responding to a series of intorap. : 
tions rather than the work goals originally seL" 

Ah, here's erne I was looting for. The headline reads, - '* 
“The Infobahn Is a Big, Fat Jake.” That’s the headhe: - 
over an article by Mark Stahlman predicting “no SQIf r 
riwTwiri future," “no S3 rdHion mother of all iodSL: 
tries," “no virtual sex? (now he’s getting depressing) and:-'' 
“no infobahn.” - 

Vice President Al Gore's staff claims, without cm- >-• - 
tions, that Ik called for a national network of inform - r 
tion superhighways in the early ’80s; I predicted tuo : ;i- • 
months ago that mouthful would be shortened to . 
infoway or /-way, bot it seems the Ge rman word Auto- 
bahn has provided the combining form for Garc’Ur.- 
footprint in the sands of time. J — 

New York Tima Service ji- " 


INTERNATIONAL 

CLASSIFIED 

Appears an Page 14 


WEATHER 


CROSSWORD 


Europe 


Today 


Tomorrow 


HlQh 

Low 

W 

High 

Low W 


OF 

OF 


OF 

OF 

Mgam 

16/61 

ID/BO 


1004 

10* a 

A-uBtaidaiii 

12* 

B/43 

a 

11* 

7/44 Ml 

Ai*»tn 

Tima 

11* 


28/79 

1305 Ml 

ASWna 

am 

14/57 

pc 23 m 

1407 pc 

Baicokm 

15/53 

12* 

ch 

17* 

11* pe 


17* 

B/48 

t 

1804 

B/48 e 

BmSn » 

11/ 52 

■1/31 

pc 

12* 

307 ah 

Bnmabi 

14«7 

2/35 


13/55 

5/41 c 

Buctopw 

10431 

8/43 

Mi 

14.-57 

8/43 c 

Craonhogan 
Ccau On Set 

9*48 

17* 

205 

11* 

pc 

10* 

IB/68 

205 oh 
12* a 

DuMn 

11/32 

5/41 


12* 

104 c 

ErijnfavQfi 

B/48 

7/44 

oh 

10* 

307 Ml 

Horimmi 

18/01 

10/50 

1 

1604 

7/44 pa 

RnrMait 

12/53 

-2/29 


12* 

205 C 

Oanova 

14/57 

7/44 

oh 

18/61 

6M3 pa 

KMwtf 

SOT 

-2 09 

c 

3/37 

-2/29 e 

totrtmS 

36/77 

12* 

» 

22/71 

13* Ml 

LaPnfaim 

30* 

18/84 

c 

22/71 

1601 ■ 

LteSon 

15* 

11/52 

pc 

17* 

11* pe 

London 

12* 

307 

a 

1305 

8/41 ah 

Wtatod 

12/S3 

4/39 

Ml 

1004 

409 pc 

MSon 

17* 

12* 

oh 

20 «0 

B/48 pc 

UotctM 

1B«1 

8/43 

ah 

11/52 

2/35 e 


12* 

409 

■h 

13/55 

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Ito 

15/M 

11* 

l 

1004 

a/49 po 

OMo 

8/ 40 

0/32 


B/48 

■309 oh 

P+jm 

14/57 

13* 

Eh 

17* 

13* po 

Piato 

13/55 

307 • 

15* 

7/44 C 

Prnus 

RrrW 

18* 

6/43 

1/34 

1/34 

pc 

PC 

13/56 

408 

4/39 Ml 
-2/29 pc 

Rome 

14* 

7/44 

oh 

1504 

8/48 pc 

3l PmwtbuTfl 

5M1 

■1.W 

■n 

4/39 

-4/25 e 

Stodtfrtn 

5/41 

■1/31 


7/44 

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SHoMhmv 

10»1 

408 


1801 

8«3 c 

T-Onn 

206 

-1/31 

c 

307 

■209 e 

V«** 

10/81 

12* ah 

17* 

9/48 pc 

Vtoim* 

12* 

4/39 

■h 

13/55 

409 c 

Wpiraw 

BM8 

-3/29 


12* 

2/35 ah 

Zurich 

15* 

7/44 

Ml 

17* 

a M3 o 

Oceania 

Auckland 

31/70 

14/57 

A 

3008 

12* pc 

Sydwy 

23/73 

1801 

■ 

24/75 

1801 po 


Forecast for Tuesday through Thursday, as provided by Accu-Weather. 



JnfrMm 


North America 

A chance for a shower 
Tuesday In New York City 
end Washington, D C., then 
rather sumy end seasonable 
Wednesday and Thursday. 
Vary wane Tuesday through 
Thursday In Houston. DaDee 
and Denver. 

Thundershowers will ba 
common lata each day In 
MaxfcoCly. 


Europe 

Cool and ei times showery 
weather (or [retold, the U.K. 
and western France. Spain 
and Rely wa be coal for the 
season wMi scattered rates; 
shower may dampen 
Greece. Germany, the 


Netherlands, Belgium and 
much of Franco will be dry 
for the most pert: cool 


Tuesday than milder al 


Asia 

Rain will wal China and 
much of Japan Tuesday, and 
more rainy weather Is Hcaly 
Wednesday and Thursday. 
Rain may creak out from 
Baflhg 10 Seoul at midweek. 
Hong Kong and Taipei will 
be warm and rather muggy 
with soma sun. Singapore 
and Bangkok wlH have hat 
sun and a thunderstorm. 


Asia 


Today 

Tomomm 


tfgh 

Low 

w Wrii 

Low W 


OF 

OF 

OF 

OF 

Barrio* 

38/10025/77 PC 36/10026/79 • 

B«*ng 

27/90 

14/37 

a 26/79 

12* a 

Hong Kona 

25/77 

20* 

pc 23/77 

21/70 pc 

HaW 

34* 

25/77 


23/77 pc 

Now Data 

38/97 

1804 

a 30/97 

19* a 

Sand 

1908 

10/BO 

pa 24/76 

11* • 

Shanghai 

21/70 

17* 

Ml 23/73 

15* pe 

Slngaxm 

33/9! 

24/75 

Mi 33/91 

28/79 i 

TUpol 

2700 

1804 

pa 27/80 

19* po 

TUvo 

17* 

am 

pc 17* 

10/80 pc 

Africa 

MritoO 

1906 

12* 

B 19* 

12* pa 

rap* Town 

1604 

11* pc 19* 

11* pc 

Coaobtonoa 

17* 

9/48 

a 1604 

B/4> pc 

Haiwo 

2008 

11* 

Ml 24/75 

11* pa 


31/HB 

28/79 

1 32* 

28/79 pa 

NoknU 

23/73 

1308 

pc 23 * 

14/57 i 

Thnto 

22m 

12* 

a 21/70 

9* po 


ACROSS 


iTopsofwtne 

bottles 

■Wreak havoc 
upon 
isGorga 
is Undergoes 
again, as an 
experience 
14 Fund-raiser 
IB Requiring 
Immediate 
action 

it Postprandial 
drinks 


si Dessert pastry 

IB hurrah 

SO Actor Janrungs 
a Chest rattle 
aa Brightened 


34 Into 
as Reduces 
M Glass ingre di en t 


4 Make a sweater 

5 Hunting dog 
■Tyrarmoseurus 


2 BBurghoffrofeon 

•M-A-S-H- 
97 Columbia, 
vis-a-vis the 
ocean 


4* Tex— — (hot 
cuisine) 

43 DeMifle films 


2B Entraps 
wNbulfifias 
32 Hash house sign 


4B Exorcist's 
adversary 
4« Elderly 
4» Angry to-do 
4* Cable TVs 


Solution to Poole of April 15 


so Scuttlebutt 
■2 Take to court 

SB Burst Inward 
B7 Aficionado 


North America 


W rap 

Marta 


Middle East 


Latin America 



Today 


Teraonav 


Today 



™S" 

LOW 

W 

Mgh Law W 


Hgti 

Low 

W Mrii 

Low W 


OF 

OF 


OF OF 


OF 

OF 

OF 

OF 

Baku 

27* 

1604 


20* 19* B 

BuanoaAfeaa 

19* 

7/44 

0 20* 

9/48 pe 

Cafe 

36/97 

19* 


39/102 22m a 

Concaa 

2904 

19* 

■ 31* 

20* a 

□amaacos 

27* 

1SS5 


31* 15/59 a 

Unto 

23/73 

IMS* 

po 24/76 

19* pe 

JtolMlnn 

24/75 

13* 


27* 17* s 

MaateOy 

23/73 

13* 

1 24/73 

13* pc 

Lismr 

39/1021904 


42/1071B* a 

Ikdalmto 27* 

22/71 

pc 28* 

22m pc 

Rtyarti 

31* 

23/73 

pc 

34* 1004 a 

Santiago 

24/75 

3/37 

o 20* 

3/37 a 


CNcage 

Daw* 

Damn 

HaroUu 

Houston 

LooAngatoa 


e/43 

27/80 

13/56 

23/73 

25/77 

18/84 

20 m 

2BA2 

34/79 


Now Vink 
Photo* 
Son Fran. 


Logoncfc Munry. popnrtfr cloudy, oOpuftr, BhUoh w, HmduM n w. wto, rfanuw Burtra. 
HHmw, Mca, W-Waatwr. Al map*, farecrate and data pravkted by Accu^lVaothar, tea. 01804 


TaaMB 

Wtfitagm 


23/73 

am 

2B/B2 

17* 

87/B0 

20 * 

18/M 

13* 

22/71 


■309 

IS* 

a* 

ii* 

SUB 

10/30 

18* 

1MI 

14/57 

21/70 

5M1 

403 

21/70 

10 * 

23/71 

11/52 

SUB 

4/39 

12* 


t 4* 

• 29/84 
pD 18/BI 
pc 16/61 
pc 27* 
po 16/91 
pa 2B* 

■ 38* 
pa 21/70 
ah 29* 

• 14167 

• IS* 
4 2B/B2 

■ 18* 

■ 87/98 
4 18* 

e 17* 
a 19* 

• m m 


.7* pa 
14/57 ■ 
7/44 ah 
6/43 pa 
7/44 pc 
SMI ah 
21/70 po 
17* po 
13* po 
21/70 Mi 
2* pc 

4* Ml 
22m pc 
9* pg 
21/70 • 
11* po 
BUB Ml 
8/43 Ml 
11* pc 


00SEE] □□□□□ QCJEI 




□□□Bm annaa □□□ 


QCIHanCH3Hl3E3HQ 
HHO BOB H0QQEI 

□□□□ BHaa 
QHBQBBBHBaaBH 
SQ0S □□□□ 
□□aBB0QQBaBBB3 
□G3BDQ □□□ oaa 
HaBBHQaaBBaa 
00H 20000 aaaaa 
□□□ □□□□□ □□□□□ 
□0E3 OaUBB 13 II 'HUB 


SB It stretches 
across a tennis 
court 


l Parted 
company with a 
horse 

a Goad physical 
hearth 

8 Nothing special 
lOCakns-' - 
i i Hold in high 
regard 
isstay 

13 Sojourned 

14 Strike 
alternatives 

17 Muscat Is its 
capital 

21 Former capital 
of Nigeria 


40 Like nuts at a 44 Plodding 
chocotetier'a person 

41 French year 47 FelHni’s *La 

Vita" 

42 Boater's haven gj Cheer (tor) 


S3 Devoid of 
moisture 


■4 The dark force 
SBO.R. personnel 


l Bellyached 


■4“ porridge 

hot... 


so Thejymay be 


Equld 

si Tried to catch a 
conger 


as Word before fire 
or transit 
at Hitchcock's 
"The Thirty-Nine- 


DOWN 


1 Variety of 
rummy 

2 William Tell and 
others 

3 Prevalent 


ai Hubble, e.g. 
>3 Cut, as roses 
33 Peanuts, e.g. 
as Frees from 
liability 
37 Disfigure 
3» Ascribed 



Puzzto by Nancy Join* 

.© New York Tones Edited by Will Shortz. 


Tfcivd in a world without borders, time zones 

or language barriers. 


AB3’ Access Numbers. 

How to cafi around the world 

1. Using the chan below, find the country you are caffingfrom. 

2. Dial the conesponding ABB' Access Number. 

3. An AIBffEnglisb-speaktag Operator or voice prompt will ask forthe phone number you wish to caJ] or coimeayou to a 

customer service representative. 1 

To receive your free wallet card of ABST^i Access Numbers, just dial the accests number of 

the country you're in and ask for Customer Servfae. 



Imagine a wprld where you can call country to country as easily as you can from home: And 
reach the US. directly from over 1 25 countries. Converse with someone who doesn’t speak your 
language, since it’s tra ns l a t e d instantly. Call your clients at 3 ajn. knowing they’ll get the message in 
your voice at a more polite hour. All this is now possible with AESE 1 

To use these services, dial the ATST Access Number of the country you’re in and you’ll get all the 
help you need With these Access Numbers and your ART Calling Card, international calling has never been easier. 

If you don't have an AIST Calling Card or youd like more information on AKT global services, just call us using the 


convenient Access Numbers on your right 



ASIA/PACIFIC 

liUlflll 

1-800-550-000 

Australia 

0014-881-011 

Baly 

172-1011 

ChlnaJPHCo** 

10611 

Litrtuenateiu* 

15S00-11 

fiown 

018-872 

IJltuMnh. 

8*196 

Hong Kong 

800-1111 

luxenibouisf 

0-800-011^ 

India* 

000-117 

Maid- 

0800890-110 

Indoneabw 

001401-10 

Monaco* 

19*0011 

Japan- 

0039-111 

Nethedanda* 

06022-9111 

Korea 

009-11 

Normy* 

800-190-11 

Khrra.. 

ir 

-Folaadr*** 

0*010480-0111 

Malaysia* 

8000011 

Portugal* . 

09017-1-288 

New Zealand 

000411 


01-8004288 

FtriHppincS* 

109-11 

BnMfaP^Uoaoafv') 

159-5042 

Saipan* 

235-2872: 

Slovakia 

0042000101 

Singapore 

aowjui-iii 

Spain 

900-9900-11 

Sri Lanka 

430430 

Sweden* 

020-795-611 

Taiwan* 

0080-10288-0 

SwimJand* 

15500-11 

Thailand* 

0019-091-1111 

ILL 

0500-89-0011 

EUROPE 

MIDDLE EAST 

Armenia** 

8*14111 

Bahrain 

800001 

Anrarfar** 

022-90^011 

Cyprus* 

«&90010i 

Belgium* 

078-11-0010’ 

Urael . 

177-100-2727 

Bulgaria 

00-18000010 

Kuwait 

800-288. 

Croatia** 

99-38-0011 

iMionnppialiiit) 

426-801. 

Czech Hep 

00-4204)0101 

Saudi Arabia 

1-800-100 

Denmark* 

- 8001-0010 

Tinker* 

00800-12277* 


9800-100-10 

AMERICAS 

France 

19*-0011 

Aigemtia* 

001-800-200-1111 

Germany 

01300010 

Belize* ” 

555 

Greece* 

. 00-800-1311 

BcdMar 

0800-1111 

Hungary* - 

.. OOa-800-01111 

Brazil 

0008010 

tcduxl*a ■- 

999001’ 

flOfc 

00*4012- 


COUNTRY 

ACCESS NUMBER 

Colombia 

980-11-0010’ 

JCowaWcrt 

114. 

Ecuador* 

119 r 

BSatvadaO 

190 

Guatemala* 

190' 

Guyana*^ 

165 

Hooducnra 

123 

'Mrafcvm. 

95-800462-4240 

wiraragua CHi—na) 174 

Panamaa 

109 

Peru* 

191- 



Suriname 


156 


Uruguay 


00-0410 


Venezuela** 


awn-120 


CARIBBEAN 


■Bermuda* 


1-800-S72-28SI . 


1 British Vi 


1-800-872-2881 




1-800-872-2881 . 


1-800-872-2881 


Haiti* 


1-800872-2881 


Jamaica** 


001-800-972-2883- 


0-800-872-2881 ! 






;• -> 
v 


Ndh.Antfl 001-800872^2881 


1-800-872-2881 


AFRICA 

jggrpC(Qrfro) 


sitoao 


Gabon* 


Gambia* 


004-001' 


Kenya* 


00111' 


0800-10 


737-757“ 




© 1994 ABET 


101-1992 




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