Minutes of Diversity Invesment Group for May, 1997

1.  All partners and guests were introduced.

2. Minutes of the April meeting were approved.

3. The treasurer's report was distributed.  This included DIG cash-on-hand,
and account balances for each member.

4. Updates on stocks previously presented:
      Phil - Outback Steakhouse; stock dropped, now in buy zone
      Phil - MCI; price rose, in hold zone
      Vinnie - Money Store; price rose, in hold zone

5. New Stock Reports:
      Doyle - Diebold; good company, price high, recommend an SSG
      Jay - Lowes; good company, current PE near long term Avg, recommend
an SSG
      John - Disney; good company, price high, recommend an SSG
      Bobby - Microsoft; great company, price in the sell zone currently
      Larry - Symbol Technology; in buy zone, some questions about
valueline used, recommend          relooking at it with new valueline.
      David - Clayton Homes; good company in buy zone
        - 3COM; good company in buy zone

6. NAIC membership numbers were distributed.

7. Motion was made and passed unanimously to open an E-Trade account to
trade stocks.  The operating procedures will be amended to reflect this.

8. A motion was made, and passed, to buy shares of 3COM, once our E-Trade
account was opened.  We agreed to buy as many shares as we could, up to
$40.00 per share, up to $1800 total trade.

9. It was agreed for time purposes to limit future meetings to three new
stock presentations per meeting.  Randy will make these assignments
monthly.