Fool Portfolio Report
Monday, April 29, 1996

by David Gardner (MotleyFool)

ALEXANDRIA, VA, April 29, 1996 -- No big news on the Fool Portfolio today, as the least Wisely managed public portfolio in the U.S. of A. only slightly edged out its competing indices on a reallllllly sloooooooow day. Don't get us wrong. We're always happy to make a tad of money and unseat the market averages with a prick of the lance or two. But Monday lacked anything much resembling excitement.

But we'll share with you the little suspense the portfolio felt today because hey, let's face it: it's our job. So anyways, shares of America Online hit a new all-time high of $68 1/8 in the morning half of the session, then steadily gave it all back from there. AMER closed down $1/2 today to a bid of $65 1/2.

I discovered something else today about AOL that adds to my general good feelings about the company and the stock. Namely, I successfully passed an Instant Message across the globe (to Germany, via AOL's new Germany service) to my brother-in-law, and we typed back and forth rapidly, catching up over the course of 5 minutes. You know how much that would've cost during the daytime over phone lines? You know how much cheaper and convenient it was on here? Well, actually, I don't know the exact monetary savings either, but suffice to say it's significant, and pretty revolutionary. I didn't know you could IM people in Germany. You can.

(If you're a new AOL member, instant messages are a way of conversing with someone by typing private messages back and forth in real time. You can get started by hitting CTRL-i.)

It's not surprising to me why, despite this stock having performed so exceptionally over the past 4 years, I still like it so much. We own shares in America Online because we honestly believe that this company will dominate the online world---yes, dominate it---over at least the next 3-5 years. Despite all the Web hype that you and I come across these days wherever we look, last I checked I couldn't use the Internet to locate my brother-in-law in Germany and conduct a quick, live conversation with him for pennies. You see, Yahoo search engines only go so far. . . .

Continuing to focus on a few of today's losers, KLA Instruments declined $1 1/8 Monday. KLA, up 40% over the previous six weeks, would seem to have succumbed to some short-term profit-taking today, since we saw no news on the wires. Applied Materials, its sister stock in mediocrity, closed unchanged.

Iomega and Medicis both rose $3/4 today, keeping the Foolfolio afloat.

When you added together all the moves up and down of our nine Foolish stocks Monday, you came out with a 0.11% gain. But the number you'll see below is reported as 0.32% because we got our brokerage statement today and are adding income payments credited to the Fool account last month. Namely, we picked up quarterly dividends from Chevron and The Gap, and made a little more in our Alliance Capital Reserves money fund where our non-invested cash sits at Aufhauser. These payments, upping our cash total, put the Fool Port up about a third of a percent today. Not much, but hey, every little dividend payment counts. I think.

I wanted to take a moment to familiarize you with some exciting things going on in Fooldom today that you may not be aware of. Today The Motley Fool unveiled two new products. The first is a spin-off of the Evening News, called the Lunchtime News ("Feed Your Head!"). You can now sign into Fooldom at 12:30 PM ET every market trading day and get the intelligent, Foolish mid-day take on what's going down in Wall Town. The second is MF Bogey's Industry Olympics---our first ever Fool Fax subscription service! Every week, Bogey examines a different industry, sending in-depth findings to a fax machine near you. The first issue is a beaut, covering the Storage Technology industry and featuring an interview with our own MF Chiros. It goes for about two bucks a week. For more information, e-mail or call 1-888-FAX-FOOL before 11pm ET.

A few other offerings of note: In our "Investing Foolishly" section (a button on our main screen), you can find daily writeups on the progress of our Foolish Four model and the Investing for Growth portfolio. MF DowMan gives a recap of the numbers, and the day's moves, as well as providing some Foolish perspective on using mechanical models. Also, can't find what you're looking for? At the bottom of most Fool screens, there's a button labeled "Index" that will show you all the fine features to be found in Fooldom. If you're looking for information on a particular company, hit the "Search" button next to the "Index" button, and you'll be whisked away to a magical land of Foolish search tools. In addition to searching the Fool, we also include information from other excellent resources like Disclosure, First Call, and Morningstar. Finally, the Fool FAQ is now ready and waiting for you. Foolishly Answered Questions of all sorts are there, and if you don't see what you're looking for, you can request a new FAQ. Just hit the "?" button in the lower-left corner of the main Fool screen, or use the handy index.

And now, let's close the ninth inning with a curveball.

"We shape our buildings," said Winston Churchill, "and thereafter, they shape us." Think of Fooldom as a building, if I may be permitted an analogy, and look at the truth contained therein. We---that's you and me, and everyone who comes into The Motley Fool on a daily basis---have shaped its direction through efforts both individual and concerted, based on a commonly held belief that individual investors have specific ADVANTAGES over the mainstream financial world. . . we've built this service to celebrate and facilitate that.

When I shake hands with people at our booksignings who say, "I just took early retirement thanks to The Motley Fool," I say right away that it isn't me, or Tom, or any single person who deserves the credit. It's the whole Fool community. And I think of Churchill, being reminded that ever since we shaped Fooldom, it has been shaping us in ways sometimes subtle, sometimes obvious. And it will continue to shape us, financial journalism, and the mainstream financial world profoundly. . . and I hope, always for the better. Fooldom is nothing more than the collective intelligence, exertions, and values of every individual contributor, so what we're really saying here is that we're all shaping each other. Therefore, let us continue to work toward politeness, amiability, intelligence, and discretion, to give the world the singular best example of online communication as we cruise toward the next millennium. Folly forever.

Transmitted: 4/29/96

Today's Numbers

Day Month Year History

FOOL +0.32% 28.67% 63.54% 205.37%

S&P 500 +0.11% 1.34% 6.21% 42.71%

NASDAQ +0.12% 7.88% 12.93% 64.99%

*Scroll down or expand screen for full portfolio accounting

AMER - 5/8 ...AMAT ---...CHV + 5/8 ...GE - 3/8 ...GPS - 1/2 ...IOMG + 3/4 ...KLAC -1 1/8 ...MDRX + 3/4 ...S - 1/2 ...

Rec'd # Security In At Now Change

5/17/95 1005 Iomega Cor 5.04 49.38 880.06%

8/5/94 680 AmOnline 7.27 65.50 800.61%

4/20/95 310 The Gap 16.28 29.00 78.19%

8/5/94 165 Sears 28.93 50.13 73.29%

8/11/95 95 GenElec 57.91 77.63 34.03%

8/11/95 110 Chevron 49.00 58.50 19.39%

1/29/96 250 Medicis Ph 27.86 28.75 3.20%

8/24/95 100 AppldMatl 57.52 40.50 -29.60%

8/24/95 130 KLA Instrm 44.71 28.88 -35.42%

Rec'd # Security Cost Value Change

5/17/95 1005 Iomega Cor 5063.13 49621.88 $44558.75

8/5/94 680 AmOnline 4945.56 44540.00 $39594.44

4/20/95 310 The Gap 5045.25 8990.00 $3944.75

8/5/94 165 Sears 4772.65 8270.63 $3497.98

8/11/95 95 GenElec 5501.87 7374.38 $1872.51

8/11/95 110 Chevron 5389.99 6435.00 $1045.01

1/29/96 250 Medicis Ph 6964.99 7187.50 $222.51

8/24/95 100 AppldMatl 5752.49 4050.00 -$1702.49

8/24/95 130 KLA Instrm 5812.49 3753.75 -$2058.74

CASH $12462.02

TOTAL $152685.15