MARKET VALUE AND TOTAL RETURN REPORTS         PA3.00         PAGE 1 OF 5

To see the Market Value/Total Return Reports Menu, type M to invoke the
MARKET function from the Master Menu and select the portfolio(s) and the
security type(s) you want.  See Chapters 8 and 10 for more information
about the Master Menu.

In all Market Value and Total Return reports, the report date (the "as
of" date in the report heading) is set in the Current Quote screen after
entry of the current market prices.  You can enter "current" prices for
any date; that date is then used to select which transactions are to be
included in these reports.  See Chapter 13 for information on the Cur-
rent Quote screen.

Also, see Appendix B for definitions of financial terms.

Type X or Esc to EXIT directly to the Master Menu.
Type Q to QUIT and return to DOS (or other user interface).
Type H to see the User Manual chapter you are reading now.




MARKET VALUE AND TOTAL RETURN REPORTS                        PAGE 2 OF 5

                        DETAIL REPORT FUNCTIONS

The Detail reports show market values, gain/loss, annual appreciation,
market yield, total return and other information.  All purchases (tax
lots) within the same security are combined, so there is only one line
entry on a report for each security.  Purchase lots which were sold on
or before the report date are not included; purchase lots which were
acquired after the report date are not included either.

In both of these reports you can use the up-arrow, down-arrow, PgUp,
PgDn, Home and End keys to scan through the data.  Only one security
type, shown near the upper left corner of the display, can be seen at a
time.  To see other security types, you must press Ctrl-PgUp or Ctrl-
PgDn.  Note the entries are shown in alphabetical order by name within
security type.

Once a detail report has been displayed, it can be printed by typing P.
The print format will be similar to the screen format, except the entire
report will be printed, with totals, and paginated with up to 59 lines
per page.  See Chapter 21 for more information about printing reports.

MARKET VALUE AND TOTAL RETURN REPORTS                        PAGE 3 OF 5

M = MARKET:  This report shows market value, gain/loss since purchase
    and annualized appreciation for each security.  The heading caption
    %ANN APPR refers to average annualized appreciation (compounded an-
    anually).  For individual tax lots this is equivalent to IRR (Inter-
    nal Rate of Return, see Appendix B).  If the security has only been
    held for a short period of time, or there is a large gain or loss,
    %ANN APPR may be meaningless and may not be calculated at all.
    Press X or Esc to EXIT back to the reports menu.

R = RETURN:  This report shows annual income, yield on market value and
    total return.  The heading caption % OF TOTAL is the percentage of
    total market value for the security type.  % YIELD is expected an-
    nual income expressed as a percentage of market value.  TOTAL ANN.
    RET% is the algebraic sum of %ANN APPR (see above) and % YIELD.
    Press X or Esc to EXIT back to the reports menu.






MARKET VALUE AND TOTAL RETURN REPORTS                        PAGE 4 OF 5

                        SUMMARY REPORT FUNCTIONS

The summary reports each occupy only one screen.  When finished viewing
a summary report, press X or Esc to return to the reports menu.  You can
also press P to PRINT the report (a summary report must be displayed be-
fore it can be printed).

1 = Market Values by Security Type.  A companion to the MARKET function,
    this report shows security types instead of individual securities.
    ANNUAL APPREC. is average annual appreciation (compounded annually).
    If the average holding period is under one month or there is a rela-
    tively large gain, this may not be calculated, as it would be mean-
    ingless anyway.  BETA is weighted by market value.

2 = Market Values by Category.  Another companion to the MARKET func-
    tion, this report shows common stock and mutual fund categories
    instead of individual securities.  ANNUAL APPREC. and BETA are the
    same as above.  ONLY common stocks and mutual funds are shown (even
    if other security types were selected).


MARKET VALUE AND TOTAL RETURN REPORTS                        PAGE 5 OF 5

3 = Return and Market Yield by Type.  A companion to the RETURN func-
    tion, this report shows security types instead of individual securi-
    ties.  % OF TOTAL is the percentage of GRAND TOTALS shown near the
    bottom of the display.  % YIELD, % ANNUAL APPR., % TOTAL RETURN and
    BETA are as described previously.

4 = Return and Market Yield by Category.  Another companion to the
    RETURN function, this report shows common stock and mutual fund
    categories instead of individual securities.  ONLY common stocks and
    mutual funds are shown (even if other security types were selected).

For the Category reports (functions 2 and 4 from the Market Value/Total
Return Reports Menu) to show correct information, two things must have
been done.  First, there must have been a category specified for each
common stock and each mutual fund.  This is done from the Securities
Register (see Chapter 11).  Second, when selecting security types for
the MARKET function (see Chapter 8), the common stock and mutual fund
types (H and I) must have been specified.  Only 12 different categories
can be shown at one time; securities with other (or missing) categories
are combined and shown with an "OTHER CATEGORIES" caption.
