Industry analysis.

INDUSTRY ANALYSIS

                                    March 23   March 16   Point
              Index                  Close      Close     Change

AEROSPACE/DEFENSE                    198.23     198.98     -0.75
APPAREL                               84.16      87.75     -3.59
AUTOMOTIVE/PLASTICS/METALS           151.08     153.90     -2.81
BIOMEDICAL & PHARMACEUTICAL          113.59     111.87      1.72
COMMUNICATIONS                        42.84      42.79      0.05
COMPUTERS/PERIPHERALS/ELECTRONICS     20.93      20.98     -0.05
CONSTRUCTION/ENGINEERING             300.64     297.73      2.91
ENERGY/UTILITIES                     195.98     200.01     -4.03
FINANCIAL SERVICES                   351.04     356.96     -5.92
HEALTH CARE                          275.68     275.51      0.18
INSURANCE                            135.69     136.82     -1.12
INTERNET                              91.66      92.88     -1.22
MEDIA/LEISURE/ENTERTAINMENT           72.87      74.40     -1.54
MISC. MANUFACTURING                  154.24     154.35     -0.11
MISC. SERVICES                       122.89     124.44     -1.55
REAL ESTATE                          232.26     237.64     -5.38
RESTAURANTS/RETAIL/GROCERY STORES    194.87     197.92     -3.05
SOFTWARE                             220.89     216.81      4.07

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

AEROSPACE/DEFENSE                    -0.4%     9.9%    -1.2%
APPAREL                              -4.1%    10.8%    14.4%
AUTOMOTIVE/PLASTICS/METALS           -1.8%     3.6%    -1.6%
BIOMEDICAL & PHARMACEUTICAL           1.5%    -0.2%    -9.6%
COMMUNICATIONS                        0.1%    -7.7%   -18.5%
COMPUTERS/PERIPHERALS/ELECTRONICS    -0.2%     3.5%   -11.2%
CONSTRUCTION/ENGINEERING              1.0%    36.3%    12.1%
ENERGY/UTILITIES                     -2.0%    55.5%    21.0%
FINANCIAL SERVICES                   -1.7%    11.4%    -9.8%
HEALTH CARE                           0.1%    31.9%     6.6%
INSURANCE                            -0.8%     8.5%    -4.0%
INTERNET                             -1.3%     5.4%    -6.5%
MEDIA/LEISURE/ENTERTAINMENT          -2.1%    -2.3%    -3.5%
MISC. MANUFACTURING                  -0.1%     8.4%     4.6%
MISC. SERVICES                       -1.2%    28.1%    -9.7%
REAL ESTATE                          -2.3%    13.8%    -5.4%
RESTAURANTS/RETAIL/GROCERY STORES    -1.5%     8.3%    -0.8%
SOFTWARE                              1.9%    56.9%    16.5%