European Stars and Stripes (Newspaper) - February 28, 1993, Darmstadt, Hesse                                February 28, 1993 Dollar watch shown below a of the highest Dollar Exchange fates or the week of feb 22 26 compared with Dollar rates for the same period one year and five years ago German Mark one Dollar would buy you 1.60 1.62 170 16m i w2 i 1mi military change rate British Pound 1.47 1993 one Pound would Cost you 1.74 1.75 j 1992 i 19m belgian franc one Dollar would buy you 33.63 33-95 35.80 1993 i 1992 1988 dutch Guilder one Dollar would buy you 1.79 1-86 1.91 1993 i 1968 French franc one Dollar would buy you 5.55 5.63 5.77 1993 i 1992 i a req drachma one Dollar would buy you 214.19-" 191.45 1993 i 1992 he hmm Mem maj 136.20 1988 italian lira one Dollar would buy you 1,243 1,257 1968 i Spanish peseta one Dollar would buy you. 11785 104.15 11475 1093 i 1992 i 19b8 turkish lira Ona Dollar would buy you 9,101 5,638 1993 1992 Money matters i inc stars and bar lots Page 17 Stock fund investments Boom in spite of volatility of Market by i Haiku a Lxii ii the Assoc us Ftp i Russ new York  by Ever shrinking re nuns in the Lexcil ii come markets Small ii Weston arc Pouru their Money into stocks at an unprecedented Pace. Hut they Are doing so at a time of great volatility and potential danger. During january investors put a record $10,3 billion into Stock funds according to the investment company Institute n Mutual fund Trade group. That was up from $ u billion in december and a 5 billion the previous High in novem Ber. It is nearly As High As the $12,8 Bil lion invested in All of i to. These arc just breathtaking num Bers said Kilty Hart n spokeswoman for the Institute the funds meanwhile arc sitting on bundles of Cash and they have to invest it. Look when you run a Mutual fund and your asset values appear every Day inthe paper you have to perform said Michael met chief Market strategist at Oppenheimer Vav co. Hut investing was a treacherous proposition for fund managers this past week which saw the Dow Jones industrials Rise nearly 2\ Points monday fall nearly 20 Points tuesday and then gain More than 7 Points Over wednesday thursday and Friday the Dow closed Friday at 3,370.81,up More than 48 Points on the week it was the second consecutive week of i vying rides resulting from president Clinton s economic address to Congress on feb. 17. Sunk pickers Are working overtime to identify the names that will Render the most returns in the world of Clinzo comics and those that Are Likely to blow up. And there Are plenty of land mines. Stocks that Are getting a second and third look include utilities natural Gas compute is and High technology Compa Nies and Banks marked for the dump arc biotechnology companies and anything even remotely connected with health care including drug companies investors arc piling into Stock funds on the premise that Clinton s plan will stimulate the Economy and ultimately boost corporate profits. Hut Thorn drown chair Man of Walnut asset management in Philadelphia said that could be a danger Ous Assumption Clinton s plan to raise taxes to help Cut the deficit could be effective Long term Brown asserted. Hut before it deals effectively with the deficit it will first choke off the economic recovery. Investors buying stocks in the Hope of fat corporate returns arc going to have to wait a Long time to Sec them he said. Charles a Alopecia publisher of the la  special situation Keport agrees. "1 think mowing Money at the Stock mar Ket at this time is a mistake he said. Laloggia said Clinton s plan looks suspiciously like the tax overhaul of 1986,which was heralded by the Stock and Bond markets but ultimately led to a real estate collapse und  despite the doom and gloom there awesome bargains and Good investments right now analysts and strategists said. Laloggia likes gaming companies. These which have historically been tightly regulated but if Clinton s plan proves recessionary More states ate going to Nee the Revenue that gaming can bring so they will approve More gambling enterprises Laloggia said Mirage and Hilton arc two of his favor ites As Well As companies like wms industries and Jackpot enterprises which make video poker machines. Trie Miller a Market strategist at Don Aldson Lufkin and  said most stocks Are too expensive now. But he Ismore optimistic that the Economy can Row near term so he would choose selectively among stocks that Are economically Sensi Tive such As machine makers and consumer durable companies such As autos. 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