Diversity Investment Group 
Meeting Minutes: January 6, 1999

Members in attendance: Andy Bain, John Brock, David Brodeur, Holly 
Deveny, Roger Drury, Ron Kozak, David Robinson, Tom Saunders, Randy 
Wilbur.

-Introductions.

-Reviewed valuation statement  Share price on 12/31/98 was $10.957.

-John B. advised payout needed for Monty (90% of his valuation).
$1,419.08 owed to Monty. Leaves us with about $900.00 to invest this month.

-David B. requested and was approved for reimbursement of $40.00 
purchase of tax software for DIG. (He opted to take in shares.)

-John B. reviewed our mix of holdings (Gary's worksheet).

-Visitor, Michael Wall introduced himself. A second visitor Steve Shockley joined us 
later.  This was the first visit for each of them.

-David B. advised of upcoming 2-day Atlanta Council Investor's Fair. Pls see David B. 
for details if interested. 

-David B. advised Miguel was getting ready for our annual audit. Pls 
make sure Miguel has your correct address to mail out the K-1 tax form.

-Officers for next year:
Gary K. = VP
David B. = President
Vinnie M. = Secretary
Treasurer = Miguel

An new Assistant Treasurer may be needed soon….to help as a backup person 
for Miguel. Tom S. expressed an interest.

Next month we have 3 volunteers for SSG presentations:  David R., Andy B. and Tom S.

ANALYSTS' REPORTS GIVEN:

John B. for Autozone: Most recommendations are to buy but John 
recommended holding.

Andy B. for Adobe: Expectation of 51 cents to 55 cents per share earnings. 
Recommendation to hold.

Roger D. for St. John Knits: Do we want to take offer from St. John of 
company buy back at $28.00 per share? (Current price is $26.00) 
53% of shares were represented in the meeting (for a quorum). A motion 
was made to accept the tender offer but a majority did not approve the motion, as  3 members 
opposed.

David B. for Techne: Price is projected to go up to $42.00 in 5 years. 
Recommended a hold at current price.

Tom S. for ADP: Co. has 1 Billion in cash. Stock split this week. 
Outside our buy zone.

Tom S. for Safeskin, medical latex glove co. Outside of buy zone right 
now but a good co. to watch. Manufactured in Malaysia and Thailand. 
85% of sales in the US.

David B. for Fannie Mae: A hold right now. Nation's largest mortgage 
financier. 11 years of solid earnings. Overpriced currently.

David B. for MBNA, a credit card financial co.  Less stable earnings history than
Fannie Mae.

Summary: Staples went up last month as did HP. Majority seemed to 
favor continuing to purchase stocks and not wait to lose out on more 
opportunities. We have about $900.00 available for purchase.

Stock Recommendation

ADBE Hold
ANDW Hold
ADP Hold
AZO BUY
CMH BUY
DBD Hold
G Hold
ION Hold
MAR BUY
SJK Hold
TECH Hold
TIF Hold
SFSK BUY

DIG members who did not pay dues this month: Larry Corse, Russ Douglas, 
Todd Fibus, Bobby Lane, Steve Weintraub. (If you are unable to attend 
please make arrangements for monthly payment and proxy designation. Thanks!)

A motion to purchase $900.00 in Marriott shares was approved.

Meeting was adjourned.

Minutes submitted by: David Robinson