Industry analysis.

INDUSTRY ANALYSIS

                                       May 30      May 23      Point
Index                                   Close       Close     Change

AEROSPACE/DEFENSE                       274.41      274.10       0.30
APPAREL                                 160.29      158.15       2.13
AUTOMOTIVE/PLASTICS/METALS              345.78      350.16      -4.38
BIOMEDICAL/PHARMACEUTICAL                 0.00      101.58       0.65
COMMUNICATIONS                           40.75       40.69       0.06
COMPUTERS/PERIPHERALS/ELECTRONICS         0.00       18.82       0.23
CONSTRUCTION/ENGINEERING                  0.00      342.81       5.25
ENERGY/UTILITIES                        320.81      320.14       0.66
FINANCIAL SERVICES                      416.03      424.03      -8.00
HEALTH CARE                             479.04      476.26       2.78
INSURANCE                               171.28      172.85      -1.57
INTERNET                                190.27      186.34       3.93
MEDIA/LEISURE/ENTERTAINMENT               0.00       90.29      -0.79
MANUFACTURING                           188.67      191.10      -2.43
MISC. SERVICES                          173.86      172.51       1.35
REAL ESTATE                             500.07      482.13      17.94
RESTAURANTS/RETAIL/GROCERY STORES         0.00      213.64       4.36
SOFTWARE                                386.16      376.69       9.47

                                         1-Wk       52-Wk        YTD
Index                                   % Chg.      % Chg.     % Chg.

AEROSPACE/DEFENSE                         0.1%       18.2%      11.9%
APPAREL                                   1.3%       48.8%      16.8%
AUTOMOTIVE/PLASTICS/METALS               -1.3%       37.3%      34.7%
BIOMEDICAL/PHARMACEUTICAL                 0.6%      -16.5%     -18.2%
COMMUNICATIONS                            0.1%        3.8%      11.5%
COMPUTERS/PERIPHERALS/ELECTRONICS         1.2%       -0.5%       3.7%
CONSTRUCTION/ENGINEERING                  1.5%       14.7%      10.7%
ENERGY/UTILITIES                          0.2%       20.5%      16.0%
FINANCIAL SERVICES                       -1.9%       -1.5%      -8.6%
HEALTH CARE                               0.6%       27.2%       5.4%
INSURANCE                                -0.9%       14.5%       3.6%
INTERNET                                  2.1%       30.8%      20.0%
MEDIA/LEISURE/ENTERTAINMENT              -0.9%        8.5%      -3.1%
MANUFACTURING                            -1.3%       29.4%      14.4%
MISC. SERVICES                            0.8%       10.9%       1.3%
REAL ESTATE                               3.7%       50.8%      -1.3%
RESTAURANTS/RETAIL/GROCERY STORES         2.0%       15.6%       9.9%
SOFTWARE                                  2.5%       54.5%      10.9%