 |
Annual Report 1996 |
|
PORTFOLIO REVIEW |
|
| Ten Largest Portfolio Holdings (12/31/97) |
|
|
|
Market Value |
|
% of Net Assets |
|
| Petroleum & Resources Corporation* |
|
$39,808,558 |
|
3.5 |
|
| General Electric Co. |
|
$34,606,250 |
|
3.0 |
|
| American International Group |
|
$19,485,000 |
|
1.7 |
|
| Duracell International Inc. |
|
$18,516,875 |
|
1.6 |
|
| Minnesota Mining & Manufacturing Co. |
|
$16,600,000 |
|
1.5 |
|
| Kimberly-Clark Corp. |
|
$16,192,500 |
|
1.4 |
|
| Solectron Corp. |
|
$16,012,500 |
|
1.4 |
|
| Elan Corp., plc ADR |
|
$15,295,000 |
|
1.4 |
|
| Campbell Soup Co |
|
$15,247,500 |
|
1.3 |
|
| Rockwell International Corp. |
|
$15,218,750 |
|
1.3 |
|
|
|
|
|
| Total |
|
$206,982,933 |
|
18.1% |
|
* Non-controlled affiliate |
|
|
|
| Sector Weightings (12/31/96) |
|
 |
|
