NATURAL RESOURCES/METALS.

                         NATURAL RESOURCES/METALS
INDUSTRY RANK 1998 STD MVA RANK 1998 ABSOLUTE MVA NAME
      1              176               463        J.L. Nichols
      2              202               592        Eugene M. Isenber
      3              257               458        William E. Nettles
      4              303               563        James C Day
      5              319                85        D. E. Baird
      6              363                98        Kenneth L. Lay
      7              402               685        Bernard J. Duror-Danner
      8              421               627        Raymond Plank
      9              423               367        Thomas D. O'Malley
     10              428               296        Robert J. Allison, Jr.
     11              446                35        Kenneth T. Derr
INDUSTRY RANK START DATE COMPANY            1998 MVA ($ MILLIONS)
      1          1980    Devon Energy                 922
      2          1987    Nabers                       481
      3          1997    Stillwater Mining          1,133
      4          1984    Noble Drilling               431
      5          1986    Schlumberger              14,557
      6          1984    Enron                      9,549
      7          1990    Weatherford                  237
      8          1979    Apache                       507
      9          1990    Tosco                      1,539
     10          1986    Anadarka Petroleum         2,130
     11          1989    Chevron                   30,764
INDUSTRY RANK START DATE MVA DELTA MVA DELTA MVA/BEG. CAP.
      1              -6          929         10.97
      2               2          482          8.23
      3             189          944          4.55
      4             130          561          3.11
      5           2,895       11,682          2.86
      6             305        9,854          2.28
      7              94          144          1.75
      8             133          374          1.53
      9             199        1,340          1.51
     10             202        1,928          1.44
     11          -3,941       34,705          1.23
12 454   9 Lee R. Raymond          1993 Exxon                     114,774
13 474 179 Richard B. Cheney       1995 Halliburton                 6,918
14 483  36 Lucio A. Noto           1994 Mobil                      44,196
15 488 608 J. M. Talbert           1994 TransOcean Offshore           553
16 494 706 Carl F. Thorne          1987 ENSCO International            49
17 524 604 Robert Kelley           1986 Noble Affiliates              629
18 558 641 Douglas L Rock          1989 Smith International           217
19 562 156 Paul H. O'Neill         1987 Aluminum Company of Amer    3,672
20 595 666 Richard L. Bready       1990 Nortek                         33
21 611 547 George T. Haymaker, Jr. 1993 Kaiser Aluminum               509
22 640 358 Robert H. Campbe        1991 Sun Company                   541
23 650 189 Mike R. Bowlin          1994 Atlantic Richfield          8,911
24 657 336 Thomas J. Usher         1995 USX Marathon Group          2,463
25 666 677 Richard M. Wardrop Jr.  1995 AK Steel Holding              338
26 667 402 W. W. Allen             1994 Phillips Petroleum          5,770
27 672 527 Paul W. Chellgren       1996 Ashland Inc.                1,112
28 677 614 Bobby S. Shackouls      1995 Burlington Resources        2,704
29 679 492 Roger C. Beach          1994 Unocal                      3,013
30 686 700 Charles D. Davidson     1997 Vastar Resources            3,374
31 687 692 Claiborne P. Deming     1994 Murphy Oil                    415
32 694 621 John B. Hess            1995 Ameroda Hess                  734
33 703 705 Sheldon r. Erikson      1995 Copper Cameron                 68
34 706 593 Peter I. Bijur          1996 Texaco                     10,504
35 710 713 Jack E. Thompson        1996 Homestoke Mining            1,212
36 717 720 James G. Bradley        1998 WHX Corp                     -518
37 723 745 Jeremiah J. Sheehan     1996 Reynolds Metals              -286
38 770 821 Roger R. Hemminghaus    1996 Ultromor Diamond Shamrock     218
39 771 892 Ray R. Irani            1990 Occidental Petroleum         -744
40 794 825 Douglas C. Yearley      1989 Phelps Dodge                 -605
41 797 827 James F. Will           1994 Armco                        -841
42 798 760 William C. O'Malley     1994 Tidewater                      89
43 799 878 Thomas J. Usher         1995 USX U.S. Steel Group       -3,083
44 800 802 Steven F. Leer          1997 Arch coal                     -17
45 806 736 J. w. Stewart           1990 BJ Services                    71
46 808 819 Richard d. Osborne      1985 Asarco                     -1,013
47 809 860 Max L. Lukens           1996 Baker Hughes                1,368
48 823 785 Ian D. Bayer            1996 Battle Mountain Gold          776
49 826 875 Curtis H. Barnette      1992 Bethlehem Steel            -1,498
50 832 871 Luke R. Corbelt         1997 Kerr-McGee                    -38
51 835 864 John D. Correnti        1996 Nucor                       1,599
52 841 780 Steven A. Webster       1995 Falcon Drilling Company      -142
53 852 800 William E. Greehey      1979 Vatero Energy                  44
54 856 786 Robert L. McGeehan      1991 Kennametal                   -360
55 859 884 Milton H. Ward          1992 Cyprus AMAX Minerals       -2,479
56 870 851 Ronald C. Cambre        1995 Newmont Mining              2,251
57 882 894 Robert E. Rose          1998 Global Marine                 521
58 893 853 Scott D. Sheffield      1990 Pioneer Natural Resources    -911
12 22,221  2,553  1.18
13  2,604  4,315  1.07
14 10,011 34,184  1.02
15   -125    428  0.98
16      6     43  0.95
17    183    447  0.77
18   -119    336  0.61
19 -1,877  5,549  0.58
20   -206    239  0.42
21   -100    609  0.35
22   -881  1,422  0.23
23   5018  3,893  0.18
24    921  1,542  0.17
25   -144    194  0.13
26  4,624  1,146  0.12
27    443    669  0.11
28  2,296    408  0.10
29  2,208    805  0.09
30  3,286     88  0.06
31    286    129  0.06
32    346    388  0.05
33     21     46  0.03
34 10,025    479  0.02
35   1207      5  0.00
36   -504    -14 -0.01
37   -167   -119 -0.02
38    770   -552 -0.15
39  1,937 -2,681 -0.16
40     -8   -597 -0.25
41   -234   -606 -0.26
42    299   -210 -0.26
43 -1,486 -1,597 -0.27
44    403   -420 -0.27
45    130    -59 -0.30
46   -472   -541 -0.31
47  2,434 -1,066 -0.32
48  1,131   -356 -0.36
49     64 -1,562 -0.39
50  1,419 -1,457 -0.46
51  2,730 -1,131 -0.50
52    182   -323 -0.54
53    457   -413 -0.69
54     -3   -357 -0.74
55    654  -1826 -0.85
56  3,146   -895 -1.15
57  3,436 -2,915 -2.22
58    -11   -901 -5.60