JOHN PUGSLEY'S JOURNAL
          
          
               John Pugsley is an internationally respected
          economist and author whose investment opinions are
          known for their clarity, consistency, and sound logic. 
          Many readers feel he is the best writer in the entire
          financial field.
               His first best-selling book, Common Sense
          Economics, sold over 150,000 hard-cover copies.  It
          accurately predicted the inflationary explosion that
          followed the demise of the Bretton-Woods agreement.
               His second book, The Alpha Strategy, was on The
          New York Times best-seller list for 9 weeks.  In 1980,
          the entire economics profession was convinced that
          Reagan's tax reform would balance the federal budget by
          the end of his first term.  The Alpha Strategy boldly
          warned that the U.S. would experience "the largest
          deficits in the history of the nation in the next five
          years," and showed small investors how to protect
          themselves.
               For 10 years John Pugsley also wrote and published
          Common Sense Viewpoint, the acclaimed financial
          newsletter so enjoyed by tens of thousands of devoted
          subscribers.
          
               He now writes John Pugsley's JOURNAL, a monthly
          newsletter that I highly recommend.  To order a one-
          year subscription at a special price of $95 (the
          regular rate is $125) send your payment of $95 to:
          
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