Industry analysis.

INDUSTRY ANALYSIS

                                    May 4    April 27   Point
              Index                 Close     Close     Change

AEROSPACE/DEFENSE                   207.16     199.75     7.40
APPAREL                              81.61      81.29     0.32
AUTOMOTIVE/PLASTICS/METALS          135.18     134.77     0.41
BIOMEDICAL & PHARMACEUTICAL         114.01     112.00     2.02
COMMUNICATIONS                       35.96      38.10    -2.14
COMPUTERS/PERIPHERALS/ELECTRONICS    19.41      19.76    -0.35
CONSTRUCTION/ENGINEERING            282.41     281.77     0.65
ENERGY/UTILITIES                    194.99     194.45     0.54
FINANCIAL SERVICES                  375.50     370.12     5.38
HEALTH CARE                         274.65     273.80     0.85
INSURANCE                           138.82     135.74     3.07
INTERNET                             97.03      89.71     7.32
MEDIA/LEISURE/ENTERTAINMENT          71.36      70.10     1.26
MISC. MANUFACTURING                 135.48     134.95     0.52
MISC. SERVICES                      122.68     121.31     1.37
REAL ESTATE                         244.83     241.93     2.90
RESTAURANTS/RETAIL/GROCERY STORES   182.60     183.39    -0.78
SOFTWARE                            196.86     198.01    -1.15

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

AEROSPACE/DEFENSE                     3.7%    13.0%     3.3%
APPAREL                               0.4%    12.8%    10.9%
AUTOMOTIVE/PLASTICS/METALS            0.3%   -11.5%   -12.0%
BIOMEDICAL & PHARMACEUTICAL           1.8%     1.0%    -9.2%
COMMUNICATIONS                       -5.6%   -23.7%   -31.6%
COMPUTERS/PERIPHERALS/ELECTRONICS    -1.8%     4.0%   -17.7%
CONSTRUCTION/ENGINEERING              0.2%    41.3%     5.3%
ENERGY/UTILITIES                      0.3%    48.7%    20.4%
FINANCIAL SERVICES                    1.5%    21.1%    -3.5%
HEALTH CARE                           0.3%    27.0%     6.2%
INSURANCE                             2.3%     5.6%    -1.8%
INTERNET                              8.2%     0.4%    -1.0%
MEDIA/LEISURE/ENTERTAINMENT           1.8%    -0.4%    -5.5%
MISC. MANUFACTURING                   0.4%    -4.5%    -8.2%
MISC. SERVICES                        1.1%    19.8%    -9.8%
REAL ESTATE                           1.2%    34.7%    -0.3%
RESTAURANTS/RETAIL/GROCERY STORES    -0.4%     2.7%    -7.0%
SOFTWARE                             -0.6%    30.5%     3.8%