<THE HARRY JONES PORTFOLIO>

My Mailman

By Harry Jones

(Jan. 8, 1999) -- The Harry Jones Portfolio rose 0.74% today, and the S&P 500 rose 0.43%.

My mailman heard from my wife about my new investment, and I believe he was quite surprised by this. Yesterday, he told me something he had heard on one of those money shows. Leaned out of his truck and wanted to hear what I thought.

Fellow was from Money Magazine and said: "Investors shouldn't measure their mutual funds gains against the S&P 500, but compare them instead against other funds... if people focus on the fact that their fund made 14% or so, they would feel pretty good about their returns."

I understand that the S&P 500 was up 28% last year.

Big hat, no cattle.

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01/08/99 Close

Stock Change Bid SPY +15/16 127.75
Day Month Year History Annualized HARRY +0.74% 0.10% 0.10% 0.10% 0.02% S&P: +0.43% 3.74% 3.74% 3.74% 0.83% NASDAQ: +0.79% 6.92% 6.92% 6.92% 1.52% Rec'd # Security In At Now Change Yest. 1/4/99 16 S&P Depos 127.63 127.75 0.10% 126.81 Rec'd # Security In At Value Change 1/4/99 16 S&P Depos 2042.00 2044.00 $2.00 CASH $0.00 TOTAL $2044.00

</THE HARRY JONES PORTFOLIO>

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