Industry analysis.

INDUSTRY ANALYSIS

                                   June 15   June 8   Point
              Index                 Close    Close    Change

AEROSPACE/DEFENSE                   211.30   207.00     4.30
APPAREL                              88.58    86.71     1.87
AUTOMOTIVE/PLASTICS/METALS          114.14   140.79     3.35
BIOMEDICAL & PHARMACEUTICAL         113.89   114.36    -0.47
COMMUNICATIONS                       40.87    38.79     2.08
COMPUTERS/PERIPHERALS/ELECTRONICS    21.22    20.54     0.67
CONSTRUCTION/ENGINEERING            333.16   318.37    14.79
ENERGY/UTILITIES                    215.16   206.44     8.72
FINANCIAL SERVICES                  401.70   397.04     4.66
HEALTHCARE                          299.25   300.36    -1.11
INSURANCE                           144.77   140.48     4.29
INTERNET                             94.12    91.34     2.78
MEDIA/LEISURE/ENTERTAINMENT          71.19    71.62    -0.43
MISC. MANUFACTURING                 137.37   137.25     0.12
MISC. SERVICES                      126.16   130.96    -4.81
REAL ESTATE                         264.64   261.56     3.08
RESTAURANTS/RETAIL/GROCERY STORES   206.12   199.38     6.74
SOFTWARE                            239.59   220.12    19.48

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

AEROSPACE/DEFENSE                    2.1%      9.7%     5.3%
APPAREL                              2.2%     27.1%    20.4%
AUTOMOTIVE/PLASTICS/METALS           2.4%     -7.3%    -6.2%
BIOMEDICAL & PHARMACEUTICAL         -0.4%      6.0%    -9.3%
COMMUNICATIONS                       5.4%    -12.4%   -22.3%
COMPUTERS/PERIPHERALS/ELECTRONICS    3.3%     21.6%   -10.0%
CONSTRUCTION/ENGINEERING             4.6%     77.9%    24.3%
ENERGY/UTILITIES                     4.2%     68.6%    32.9%
FINANCIAL SERVICES                   1.2%     19.7%     3.2%
HEALTHCARE                          -0.4%     41.2%    15.7%
INSURANCE                            3.1%     11.4%     2.4%
INTERNET                             3.0%     -1.2%    -3.9%
MEDIA/LEISURE/ENTERTAINMENT         -0.6%     -0.5%    -5.7%
MISC. MANUFACTURING                  0.1%     -1.8%    -6.9%
MISC. SERVICES                      -3.7%     16.0%    -7.3%
REAL ESTATE                          1.2%     39.4%     7.8%
RESTAURANTS/RETAIL/GROCERY STORES    3.4%     22.9%     4.9%
SOFTWARE                             8.8%     48.6%    26.4%