Boring Portfolio Standard & Poor's
Depository Receipts

(AMEX: SPY)
American Stock Exchange
86 Trinity PL
New York, NY 10006-1881
Phone: 1-800-THE-AMEX
http://www.amex.com

News:

10/25/96 - Sell Report

Sell Numbers

The nineteenth and twentieth Boring trades were made on October 25, 1996. The Borefolio sold 100 shares of Texas Industries (NYSE: TXI) at $57 1/4 per share, and 100 shares of S&P Depository Receipts (AMEX: SPY) at $70 7/32 per share.

ACTION  #   STOCK  PRICE     COMS'N  COST      GAIN
Sold   100  TXI   $57 1/4   $27.49  $5449.99  $247.52
Sold   100  SPY   $70 7/32  $27.49  $6414.99  $579.39

Buy Numbers

The fifteenth Boring trade was made on July 23, 1996, when the Borefolio added 100 S&P Depository Receipts (AMEX: SPY) at a cost of $63 7/8 a stub. These SPiDeRs are traded as individual shares of a trust designed to mimic the activity of the S&P 500. To read the buy report, click on the S&P Depository Rcpts listing in the Boring Portfolio page.

ACTION  #   STOCK  PRICE    COMS'N  COST    
Bought 100  SPY    $63 7/8  $27.49  $6414.99