Minutes of the meeting
Diversity Investment Group
December 3, 1997

The meeting was called to order at 7:30 PM at the Kaiser Glenlake office.

Partners absent: John DePaula (subsequently resigned), Todd Fibus, Bruce
Griffeth, Phil Horne, Vinnie Metzger, Tom Saunders

Late with contributions: Todd Fibus, Bruce Griffeth

Visitors present: Danny Bohlman (second visit), Ron Kozak (second visit),
David Robinson (second visit), Will Franklin (first visit). The club voted
to reset the limit of membership to 25. David suggested, in light of the
many visitors we have, that we should make a waiting list of those seeking
to join.

The minutes of the previous meeting were approved.

The valuation statement was reviewed.  Unit value was $10.876. Total value
was $12,882.63.

Education: members desired another training session for using the SSG
software, but a time was not set. NAIC's next Atlanta Investors College
will be six Monday evenings beginning February 23.

An Audit Committee was established consisting of the club's officers plus
Bobby and Holly. This group will meet after the new year to close the 1997
books.

Meeting place: Gary, Kyle and David will investigate alternate meeting
sites to Kaiser Glenlake.

The club will need to elect officers for the next year, in February. David
suggested that we add assistant officers, especially an assistant
treasurer, and that we discuss ideas for who next year's officers might be,
on- and off-line, between now and February.

$14 in national dues must be paid for each member to NAIC for 1998. It was
the informal sense of the meeting that each member should contribute the
$14, rather than the club as a whole paying national dues.

Several small groups were formed which will be evaluating specific
industries and stocks within them. These are:
Pharmaceuticals: John Brock, Bobby and David.
Financials: Randy, Gary and David.
Retail: Gary, Steve and Monty.
Technology: Clarissa, John Brock and Phil.


Stocks reviewed:
Nike (Holly), Techne (David), Autozone (John B.), Andrew (Clarissa), Adobe
(Gary), 3COM (Phil, in absentia), Disney (John S.), Ionics (Kyle)

New stocks presented:
Regions Financial (Randy), United Healthcare (Russ), Kronos (Sabrina),
General Electric (David).

The club voted unanimously to buy approximately $1,000 of Ionics and
approximately $800 of 3COM. Concern was expressed that we pay attention to
diversifying our holdings - which are presently heavy in technology stocks
- but 3COM seemed to be an especially good buy right now.

There was discussion of holding a reserve fund with which to pounce on
solid-performing stocks we normally can't afford to buy, in the event that
their prices drop. But it was generally agreed that this opens up the
problems of how such quick buy decisions would be reached, and by whom, as
well as that of analyzing why such a stock's price might have fallen.

At the January meeting, stocks will be presented by:
Jeff , with Todd's help
Steve , with Gary's help (a retail stock)
Randy, (a financial stock or industry comparison. Given the special nature
of financial stocks, members are urged to review Chapter 8 ("SSG: Page 1")
in 'the book,' which gives examples of banks, insurance and realty stocks.

The next meeting will be Wednesday, January 7, at Kaiser Glenlake.

Submitted by Jonathan Lerner.