Minutes of Diversity Investment Group for March, 1997

Date: Sun, 30 Mar 1997 10:56:07 -0500, Vincent Metzger
Subject: Revised Minutes from DIG Meeting on 3/4/97

1.  Twelve members were present, signed the Partnership agreement, paid the
$25.00 membership fee, and made their first capital deposits.

2.  The group voted to join NAIC as a group, and enroll each member, with
the exception of only one from each couple.

3.  The group voted to purchase the NAIC club accounting software at a cost
of $159.00

4.  Monty volunteered to investigate alternate meeting locations.

5.  Elections were held.  David Brodeur was elected president, Randy Wilbur
was elected Vice President, Miguel Molina was elected Treasurer, Vinnie
Metzger was elected Secretary.

6.  David discussed committees that will be needed in the future:  Audit,
Broker & Banking, assistant treasurer, Membership & Education.

7.  For the next meeting, Randy will co-ordinate with Phil & Clarissa to
present a stock selection guide.

8.  For the next meeting, each member will create a stock checklist on one
stock of their choice.

9. Before the Partnership Agreement was signed, the following sentence was
added to the end of Section 20:  "Any exception to this provision must be
approved by the partners whose accounts total a majority of the value of
all the capital accounts."

10. The Operating Procedures were adopted by unanimous vote.  This included
adding the sentence to our 'investment philosophy':  "The Group will give
consideration to companies that are socially responsible."

11. The monthly meeting was changed to the first Wednesday, beginning April
2, 1997.

12. A partnership name and address list was distributed; we agreed to keep
this information confidential.  Each partner supplied their social security
number for tax purposes.

13. Educational programs of the NAIC Atlanta Council were reviewed.  David
has the address if
anyone wants to register in advance by mail.

14. David will obtain a partnership tax ID number, and register the
partnership with the Clerk of the Superior Court of Fulton County.

15. Randy agreed to investigate discount brokerages.

16. Vinnie suggested we consider raising the monthly required contribution.
The group felt $25 was a good minimum, but encouraged larger contributions
on a voluntary basis.

17. David emphasized the need for each partner to read the NAIC Investor's
Manual and learn to do a Stock Check List as a preliminary to learning the
Stock Selection Guide.