Diversity Investment Group Minutes of the Meeting

In attendance: David Brodeur, John Brock, Roger Drury, Randy Wilbur, Peter
Carnel, Ron Kozak, Holly Deveny, Andy Bain, Steve Shockley, Mike Wall, David
Jones, David Robinson.

Guests: Brian Alexander, Jim Moran, Allen Joiner.

David Brodeur received a proxy for Todd Fibus and Russ Douglas.

Moments of Inspiration: Andy shared Morningstar's 401 K company lists of
investments.

John: Per email he sent out, we've done well with what we have sold. 3Com
is an exception and worth reviewing. We have been making good "sell"
decisions.

David Brodeur:

-Advised they went over the books line by line with three (3) other members.
Everything was in order.

-Don't forget to tip Joyce, our server. Put money in the envelope that we're
circulating.

-We bought out Gary Kaupman.

-No money on hand tonight.

-Minutes approved for last month.

-Class this month: The SSG on paper. Tuesday, Feb 22nd, David B.'s house
at 7:30 PM.

-Tom purchased software for K-1's. We did get a statement last month with
the same info.

Election of officers:

-Tom will do treasurer again.

-Roger advised we need to share the wealth of the work done particularly at
the officer/president level. Duties David B. is currently performing:
Education, Recruitment, Website maintenance, Finance, Running and Planning
the meetings.

-John B. would like to help with education.

-Tom was nominated and voted in as treasurer again.

-Roger reviewed what he has been doing as VP Roger voted in as VP again.

-David B. voted in as president again. But he would like to see a new
person assume responsibility in Feb. 2001.

-David R. voted in as secretary again.

VP Corner: Roger reviewed who would have presentations this
evening: Andy, Mike.
-And for March: Roger, David R., David J.
-April: Randy
-May: Mike

$1,185 collected this evening per John B. (acting treasurer.)

Discussion of live VS. email analyst presentations.
-David J. suggested a live annual analyst presentation …to be done when the
annual reports come out. Can spread them over more than one night if
several reports come out at the same time.
-Any volunteered to help organize analyst reports for presentations.

Mike presented Dycom (DY). They do cabling. Rated with a 1.0 as a strong
buy.
-17.5 revenue growth estimated. Merrill Lynch estimates
20% earnings growth.
-Mike's estimated earnings per share: 18.5%
-Est. low price: $26.76.
-Current price of $46.31 is in the BUY zone.
-Price is fluctuating and may dip down to $39.
-Mike established a BUY up to $51.48. Zoning set at 1/3,
1/3, 1/3….May be a buy up to about $46.

Andy presented Textron. They are down to $61 from $76 last month. They are
a large cap, heavy manufacturing company. Their approach is to buy other
companies. They make Bell helicopters, Cessna airplanes. Aircraft is 33%
of their sales.
Current price of $61 is close to a BUY. Buy up to $59.47.

David B. reviewed the DIG Board. Is there anything we can drop from out
"watch" list from active consideration? Disney and Coke.

Dell is possibly getting close to a BUY. Current price is $38…buy up to
$33.20.

Marriott is in the Buy zone. Current price of $31.74 is a Buy. Buy up to
$33.90.

Meeting adjourned.

Minutes respectfully submitted by David Robinson.

Diversity Investment Group
Annual Verification Report

To protect the partners' investment club accounts from possible misappropriation and to ensure adequate and accurate records of your investment club's transactions, BetterInvesting recommends clubs appoint a committee of club members to verify the accuracy of the club's records each year. This task should be performed during the first two or three months of each new year.

[If your club carries the Fidelity Bond available from BetterInvesting, this verification should be completed by March 31 each year. The report of the club verification committee should be signed by all members of the committee and filed with the club secretary as a part of the minutes of the April, or earlier, meeting. DO NOT RETURN THIS FORM TO BetterInvesting. Your Fidelity Bond requires this report be available for inspection. Claims under the Fidelity Bond must be filed within one year of the loss.]

To the members of Diversity Investment Group, BetterInvesting Club #H5272:

The undersigned have conducted a verification of certain figures on the books of Diversity Investment Group for the calendar year 1999:

• All deposits shown as paid-in by members have been deposited in the Group's brokerage account.
• All dividends paid to the Group have been recorded in the Group's books as received.
• The Group's cash on hand has been verified to the broker's statement.
• All of the Group's securities are listed on the broker's statement, or are in the Group's safe deposit box and have been actually counted. Where stocks are purchased in Dividend Reinvestment Plans, the Group's books and plan agent statements are in agreement.
• Valid written receipts are on hand for all Group expenses reimbursed to individual partners.
• A statement has been provided each member showing their total valuation units in the Group, share of Group dividends, interest, short-term and long-term capital gains and expenses for the past year.

Signed by the Verification Committee on 1/27/2000:

/s/ John W. Brock
/s/ Andrew J. Bain
/s/ David Brodeur
/s/ Thomas R. Saunders

If you have questions or comments, write to: DIGnet@mindspring.com.

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