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       Symbol   Security    Dividend    Price   Yield
       WX    Westinghouse       1.40   18.000  7.7778
       GM    General Motors     1.60   28.875  5.5411
       IBM   Int'l Bus. Mach    4.84   89.000  5.4382
       S     Sears              2.00   37.875  5.2805
       TX    Texaco             3.20   61.250  5.2245
       UK    Union Carbide      1.00   20.250  4.9383
       AXP   American Expres    1.00   20.500  4.8780
       CHV   Chevron            3.30   69.000  4.7826
       XON   Exxon              2.68   60.875  4.4025
       EK    E Kodak            2.00   48.250  4.1451
       Z     Woolworth          1.08   26.500  4.0755
       DD    DuPont             1.68   46.625  3.6032
       T     American T&T       1.32   39.125  3.3738
       UTX   United Technolo    1.80   54.250  3.3180
       MMM   Minn M&M           3.12   95.250  3.2756
       JPM   JP Morgan          1.98   68.625  2.8852
       BS    Bethlehem Steel     .40   14.000  2.8571
       CAT   Caterpillar        1.20   43.875  2.7350
       GE    General Electri    2.04   76.500  2.6667
       MO    Philip Morris      2.10   80.250  2.6168
       AA    Alcoa              1.60   64.375  2.4854
       IP    Int. Paper         1.68   70.750  2.3746
       ALD   Allied-Signal      1.00   43.875  2.2792
       PG    Procter & Gambl    2.00   93.875  2.1305
       BA    Boeing             1.00   47.750  2.0942
       MRK   Merck              2.24  166.500  1.3453
       KO    Coca-Cola           .96   80.250  1.1963
       MCD   McDonald's          .37   38.000   .9737
       GT    Goodyear            .40   53.500   .7477
       DIS   Disney              .70  114.500   .6114
             December 31,1991       1,772.250
                                               2.9165