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       Symbol   Security    Dividend    Price   Yield
       MO    Philip Morris      2.60   48.750  5.3333
       TX    Texaco             3.20   64.875  4.9326
       Z     Woolworth          1.16   25.750  4.5049
       XON   Exxon              2.88   65.375  4.4054
       UK    Union Carbide       .75   18.500  4.0541
       CHV   Chevron            3.50   93.125  3.7584
       DD    DuPont             1.76   48.625  3.6195
       MRK   Merck              1.12   31.875  3.5137
       EK    E Kodak            2.00   61.000  3.2787
       JPM   JP Morgan          2.40   75.000  3.2000
       UTX   United Technolo    1.80   56.875  3.1648
       AXP   American Expres    1.00   32.500  3.0769
       MMM   Minn M&M           3.32  109.625  3.0285
       S     Sears              1.60   54.500  2.9358
       WX    Westinghouse        .40   15.375  2.6016
       IP    Int. Paper         1.68   65.125  2.5797
       GE    General Electri    2.52   98.250  2.5649
       PG    Procter & Gambl    1.24   48.375  2.5633
       BA    Boeing             1.00   39.625  2.5237
       IBM   Int'l Bus. Mach    1.00   45.750  2.1858
       AA    Alcoa              1.60   75.125  2.1298
       T     American T&T       1.32   62.875  2.0994
       GM    General Motors      .80   46.875  1.7067
       KO    Coca-Cola           .68   43.375  1.5677
       ALD   Allied-Signal      1.16   74.750  1.5518
       GT    Goodyear            .60   42.500  1.4118
       MCD   McDonald's          .43   53.750   .8000
       CAT   Caterpillar         .60   82.250   .7295
       DIS   Disney              .25   39.250   .6369
       BS    Bethlehem Steel     .00   13.500   .0000
             August 31,1993         1,633.125
                                               2.7169