Diversity Investment Group 
Wednesday, May 6, 1998, Kaiser Glenlake Office
Minutes of the Meeting

The meeting was called to order at 7:30 PM.  All members 
were present except Clarissa Clifton, Larry Corse, Roger 
Drury, Phil Horne, Bobby Lane, Jonathan Lerner, Vinnie 
Metzger, Monty Schuth, John Stowe and Steve Weintraub.  
Contributions were not received from Bobby Lane.  Also 
attending were three guests:  Linda Green (third time),  
Mark Bilby and Andy Baine (first time each).    The 
following proxies were provided: Larry Corse to David 
Brodeur, Jonathan Lerner to Gary Kaupman.

A motion to admit Roger Drury as a partner passed 
unanimously.  Minutes of the last meeting were approved 
unanimously.  David reported that Jeff Fibus had resigned, 
and had been paid out from cash on hand during the month.  

Miguel Molina reported that the 2/28/98 valuation had been 
corrected and provided a new valuation as of 4/30/98.  This 
valuation shows a total return of 10.39% and compounded 
annual return of 12.36% since 3/4/97.  The unit value was 
$11.811.

David will host an education meeting on the Stock 
Comparison Guide at his home on Wednesday, May 20 at 7:30 
PM.  David reported that he had made further enhancements 
to the web site and encouraged everyone to check them out 
and give him feedback.

Stock assignments for next month are as follows: (1) 
Jonathan, Leon and Steven, (2) Sabrina/Ken, (3) David/Randy 
and (4) Holly on Boeing.

A lengthy discussion was held concerning our holding of 
Nike.  The general sentiment was that a recovery in the 
short-term was unlikely.  A motion was made to sell our 
holding and it passed unanimously.

John Brock led a lengthy discussion concerning the  
telecommunications industry, and drew some interesting 
pictures.  He discussed Andrew, ADC Telecommunications and 
Qualcomm.  He also discussed Diebold.  After discussion, a 
motion passed unanimously to purchase Diebold with the 
proceeds of the Nike sale.

David announced the next meeting will be on Wednesday, June 
3 at 7:30 at Kaiser Permanente.  He then adjourned the 
meeting at 9:15 PM.

Submitted by Tom Saunders