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EVERGREEN ENTERPRISES' DIVIDEND REINVESTMENT PLAN PORTFOLIO TRACKER VERSION 2 TO BE RELEASED APRIL 1993

 LAUREL, Md., Feb. 23 /PRNewswire/ -- Evergreen Enterprises will release Version 2 of its computer program, Dividend Reinvestment Plan Portfolio Tracker, in early April.
 Dividend reinvestment plans (DRPs) enable stockowners to purchase more shares each quarter with their dividends. The shareholder does not have to worry about how to invest the dividend check, especially if a dividend payout is not large enough to buy a whole share. The plan shares are held in a commingled account by the plan administrator, who sends out periodic statements detailing transactions and total shares owned.
 The software program, Dividend Reinvestment Plan Portfolio Tracker, is intended as a stand-alone program to keep a running record of DRP transactions. The program is intended to be used once or twice a year to let the investor know (1) how many shares are in the plan, (2) current market value, (3) the cost basis of the shares and (4) estimated gain or loss.
 One drawback of dividend reinvestment plans, especially if the stock is owned over a long period of time, is the number of transactions generated by the quarterly reinvestments. For example, if a stock is owned for 10 years and dividends are reinvested each quarter, at a minimum there will be 40 transactions -- four dividends each year times 10 years. Any optional cash payments made during the 10 years must also be added.
 The headache comes when the investor sells the stock. The Internal Revenue Service requires the investor to declare a gain or loss on the sale of stock. The investor must determine the cost basis, i.e., the total cost of the shares, by adding the price paid for the initial shares purchased and for all the shares bought through the plan.
 It is important to calculate the cost basis because if the investor does not account for all amounts paid for the shares, the gain will be greater. And the tax due will be greater.
 The DRP administrator sends the investor all the information required to determine the basis. However, the investor must sit down and tote up all these 40 or more transactions to determine the basis.
 Evergreen Enterprises, publisher of the "Directory of Companies Offering Dividend Reinvestment Plans," commissioned the writing of the computer program to assist its directory readers, who are enthusiastic proponents of DRPs, track their DRP holdings. Long-term DRP investors must store years of statements to keep track of the many transactions involved in buying stock through DRPs. By entering data in the program periodically, Portfolio Tracker assists investors to organize their papers and keep a running account of the plan holdings. The program should make it easier to establish gain or loss figures when the stock is finally sold.
 Dividend Reinvestment Plans Portfolio Tracker, Version 2 for DOS, will be available April 1993 for $25 plus $2 shipping from Evergreen Enterprises, P.O. Box 763, Laurel, Md. 20725-0763; 301-953-1861.
 -0- 2/23/93
 /CONTACT: Sumie Kinoshita of Evergreen Enterprises, 301-953-1861/


CO: Evergreen Enterprises ST: Maryland IN: CPR SU: PDT

SM -- NYTFNS4 -- 9193 02/23/93 07:04 EST
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Date:Feb 23, 1993
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