Notice To Members 89-67

SOES Tier Levels to Change for 521 Issues on October 9, 1989

Published Date:

October 01, 1989

SUGGESTED ROUTING*

Senior Management
Internal Audit
Operations
Trading

*These are suggested departments only. Others may be appropriate for your firm.

On June 30, 1988, the maximum SOES order size for all NASDAQ National Market securities was established as follows:

A 1,000-share maximum order size was applied to those NASDAQ National Market securities that had an average daily nonblock volume of 3,000 shares or more a day, a bid price that was less than or equal to $100, and three or more market makers.
A 500-share maximum order size was ap plied to those NASDAQ National Market securities that had an average daily nonblock volume of 1,000 shares or more a day, a bid price that was less than or equal to $150, and two or more market makers.
A 200-share maximum order size was ap plied to those NASDAQ National Market securities that had an average daily nonblock volume of less than 1,000 shares or more a day, a bid price that was less than or equal to $250, and less than two market makers.

These order-size tiers were set by the NASD after extensive research and polling of all NASDAQ National Market market makers. The purpose of establishing these tiers was to provide public investors with the most efficient means of handling their small orders while ensuring that market makers were not required to assume unrealistic risks under the new mandatory SOES participation rules.

At the time of their establishment, the NASD Trading Committee and Board of Governors decided that the tier levels applicable to each security would be reviewed periodically to determine if the trading characteristics of the issue had changed so as to warrant a SQES tier-level move. Such a review was conducted as of June 30, 1989, using the aforementioned formula and second-quarter trading data. The results of this review were analyzed by the Mandatory SOES Subcommittee and the NASD Trading Committee, which recommended that changes in SOES tier levels should be implemented per the formula calculation with the exception that an issue would not be permitted to move more than one level.

To further explain, if an issue previously was categorized in the 200-share tier, it would not be permitted to move to the 1,000-share tier even if the formula calculated that such a move was warranted. The issue could move only one level to the 500-share tier as a result of any single review. Likewise, a security previously assigned to the 1,000-share tier could move only to 500 shares, regardless of the formula calculation. Only 23 issues were affected by this change. In adopting this policy, the committee was attempting to minimize market-maker exposure on issues for which the tier level increased and to maintain adequate public investor access on issues for which the tier level decreased.

The committee also recognized that the formula used to assign the tier levels cannot always Accurately reflect the trading characteristics for each issue. As such, market makers are reminded that the Mandatory SOES Subcommittee will review on a case-by-case basis suggested tier-level changes if a significant number of market makers in that issue believe such a change is warranted. For more information regarding this process, please contact NASDAQ CompanyOperations at (202) 728-8039.

Following is a listing of the NASDAQ National Market issues that will require a SOES tier-level change on October 9, 1989.

NASDAQ NATIONAL MARKET SOES CHANGES

All Issues in Alphabetical Order by Name

Symbol	Company Name	Old Tier Level	New Tier Level
SRCE	1ST SOURCE CORP	500	1000
A
ABSI	A B S INDS	500	1000
ALTI	ALTAIINC	500	200
ARM	A RIX CORP	500	1000
ACPT	ACCEPTANCE INS HLDGS	1000	500
AAST	ACTION AUTO STORES	500	1000
ANSL	ACTION SAV BK S L A	500	1000
JAIL	ADTECINC	1000	500
ACTP	ADVANCE COMP TECH	1000	500
AROS	ADVANCE ROSS CORP	500	1000
ADMG	ADVANCED MAGNETICS	500	1000
ADCOW	ADVANTAGE COS INC WT	200	500
AIMT	AIM TELEPHONES INC	1000	500
AIRC	AIRCOA HOSPITALITY SV	500	200
AKZOY	AKZO N V ADR	200	500
ATNG	ALATENN RESOURCES	1000	500
ALCO	ALICO INC	500	1000
ALLPW	ALLIANCE PHARM WTS	200	500
ABGA	ALLIED BANKSHARES	500	200
ALLC	ALLIED CAPITAL CORP	500	1000
ALET	ALOETTE COSMETICS	500	1000
ALRN	ALTRON INC	500	1000
AFGI	AMBASSADOR FIN GP	1000	500
ACGI	AMER CAPACITY GP	500	200
AMJX	AMER FED SV BK DUVAL	500	1000
AMEI	AMER MED ELEC INC	1000	500
ARIG	AMER RELIANCE GP INC	1000	500
ARBC	AMER REPUBLIC BNCP	200	500
AMFLP	AMERSLFLPFDA	500	1000
RODS	AMER STEEL WIRE CORP	500	1000
ASBI	AMERIANA SAV BK FSB	500	1000
AMOS	AMOSKEAG CO	200	500
AMSR	AMSERV INC	500	1000
ANDR	ANDERSEN GROUP INC	200	500
SOLR	APPLIED SOLAR	500	1000
ARSD	ARABIAN SHIELD DEV	1000	500
AIND	ARNOLD INDUSTRIES	500	1000
ARTW	ARTS WAY MFG CO INC	500	1000
AEZNS	ASIAMERICA EQUIT SBI	500	1000
ASBC	ASSOC BANCORP	500	1000
ASTE	ASTEC INDS INC	1000	500
AFED	ATLANFED BNCP INC	500	200
ATBC	ATLANTIC BANCORP	500	200
ATTC	AUTO TROL TECH	500	1000
AUTR	AUTOTROL CORP	500	1000
B
BHAGB	B H A GP INC CL B	500	1000
BNHB	B N H BCSHS INC	1000	500
BPMI	BADGER PAPER MILLS	500	200
BAIB	BAILEY CORP	500	1000
BLCC	BALCHEM CORP	500	200
BPAO	BALDWIN PIANO ORGAN	1000	500
BMCC	BANDO MCGLOCKLIN CAP	1000	500
ASAL	BANKATLANTIC FED	500	200
BIOW	BANKS OF IOWA INC	500	1000
BOMA	BANKS OF MID AMER	1000	500
BARC	BARRETT RES CORP	500	1000
BAYLC	BAYLY CORP	500	1000
BGAS	BERKSHIRE GAS CO	500	200
BTHL	BETHEL BANCORP	200	500
BFEN	BF ENTERPRISES INC	1000	500
BFSI	BFS BANKORP INC	500	1000
BNGO	BINGO KING CO	1000	500
BGENP	BIOGEN INC PFD	500	1000
BGENW	BIOGEN INC WTS	200	500
BLIS	BLISS LAUGHLIN INDS	1000	500
BOGO	BOGERT OIL CO	1000	500
BOOL	BOOLE BABBAGE INC	500	1000
BOSA	BOSTON ACOUSTICS INC	500	1000
BRLYS	BRADLEY RL EST SBI	500	1000
BTSB	BRAINTREE SAV BK THE	1000	500
BSBC	BRANFORD SAVINGS BK	200	500
BRLN	BROOKLYN SAV BK THE	1000	500
BTCIE	BROWN TRANSPORT CO	500	1000
BCKY	BUCKEYE FIN CORP	500	1000
BNBGA	BULL BEAR GP INC A	1000	500
BANQ	BURRITTINTRFIN BNCP	1000	500
C
CBTF	C B T FINANCIAL CORP	200	500
CKSB	C K FED SAV BK	200	500
CPBI	C P B INC	200	500
CCLPZ	CALLON CON LP UTS	500	1000
CCBT	CAPE COD BK TR CO	500	200
CATA	CAPITOL TRANSAMERICA	200	500
CAFS	CARDINAL FED SAV BK	500	200
CPLSZ	CARE PLUS WTS 90 A	500	1000
FFCA	CAROLINA BNCP INC	500	1000
CAYB	CAYUGA SAVINGS BANK	200	500
CNBL	CENTENNIAL BENEF CORP	200	500
CHOL	CENTRAL HOLDING CO	500	1000
CPSA	CENTRAL PENN FIN CORP	1000	500
CSBC	CENTRAL SOUTHERN HLD	200	500
CHLN	CHALONEINC	500	1000
CHCR	CHANCELLOR CORP	200	500
CFED	CHARTER FED SV BK NJ	500	1000
CHTT	CHATTEM INC	500	200
CFIXW	CHEMFIX TECH WTS 89	500	200
CMFB	CHEMICAL FABRICS CORP	500	1000
CLEA	CHEMICAL LEAMAN INC	500	200
CHER	CHERRY CORP	1000	500
CHPK	CHESAPEAKE UTIL CORP	200	500
CDCRA	CHILDREN'S DISCOVR A	1000	500
CPCI	CIPRICO me	1000	500
CINNA	CITIZENS INC CL A	500	1000
CIZCF	CITY RESOURCE CANADA	1000	500
CLSC	CLINICAL SCIENCES	500	1000
COBB	COBB RESOURCES CORP	500	1000
CODN	CODENOLL TECH CORP	1000	500
CODNW	CODENOLL TECH WTS 89	500	200
CACCB	COLONIAL LIFE ACC B	500	1000
CLRXW	COLOROCS CORP WTS C 89	500	1000
CMDT	COMDATA HOLDINGS CORP	500	1000
CTIA	COMMUN TRANSMISSION	500	1000
CBNH	COMMUNITY BANKSHARES	1000	500
CBPA	COMMUNITY BNCP INC	200	500
CMRE	COMSTOCK RESOURCE	500	1000
CSTP	CONGRESS STREET PROP	500	200
CTLC	CONS TOMOKA LAND	200	500
CFINP	CONSUMERS FIN CORP PFD	500	200
CGIC	CONTL GENERAL CORP	200	500
CORC	CORCOM INC	1000	500
CNPGF	CORNUCOPIA RES LTD	200	500
CRAN	CROWN ANDERSEN INC	1000	500
COILP	CRYSTAL OIL CO PFD A	500	200
D
DOCO	DOC OPTICS CORP	500	200
DMCVB	DAIRY MART STORES B	500	1000
DATX	DATA TRANSLATION INC	500	1000
DSCC	DATASOUTH COMPUTER	500	200
DTSI	DATRON SYSTEMS INC	1000	500
DAVX	DAVOX CORP	1000	500
DOCP	DELAWARE OTSEGO CORP	200	500
DLTK	DELTAK CORP	200	500
DEVN	DEVON GROUP INC	500	1000
DEAL	DIAL REIT INC	500	1000
DCPI	DICK CLARK PROD INC	500	1000
TRBK	DOMINION FED SAV LN	1000	500
DRTK	DURATEK CORP	1000	500
E
EACO	EAENGRGSCITECH	500	1000
EILI	EILINSTRUMENTS	500	1000
EWAT	E TOWN CORP	500	200
EZEM	E z EM me	500	1000
ETEX	EASTEX ENERGY INC	500	1000
EASTS	EASTOVER CORP SBI	500	200
EECN	ECOGEN me	500	1000
EDCO	EDISON CONTROL CORP	200	500
ELCN	ELCO INDSINC	1000	500
EORR	EMPIRE ORR me	1000	500
EMCO	ENGINEERING MEASURE	1000	500
ETRC	ENTREE CORP	1000	500
EPSI	EPSILON DATA MGMT	1000	500
EQICB	EQUITABLE OF IOWA B	500	1000
EVAN	EVANS INC	500	1000
F
FFES	FIRST FED S L HRTFD	500	1000
FLAG	FIRST FED S L LAGRNG	200	500
FFSD	FIRST FED SAV BK AL	1000	500
FSBG	FIRST FED SAV BK GA	200	500
FGHC	FIRST GEORG HLDGS	500	200
FISB	FIRST INDIANA CORP	500	1000
FLFC	FIRST LIBERTY FIN	1000	500
FRME	FIRST MERCHANTS CORP	500	200
MTCL	FIRST NATL BANK CORP	500	200
FBAC	FIRST NATL BNCP GA	500	1000
FNPC	FIRST NATL PENN CORP	200	500
FIRO	FIRST OHIO BCSHS	500	1000
FLGLA	FLAGLER BANK CORP CL A	200	500
FLAEF	FLORIDA EMP INS CO	500	1000
FOOT	FOOTHILL INDEPENDENT	200	500
FSNR	FORSCHNER GROUP THE	200	500
FWNC	FORT WAYNE NATL CORP	500	1000
FRMBF	FORUM RE GP BERMUDA	500	200
DNNY	FRANCES DENNEY CO	1000	500
FSAK	FRANKLIN SV GUAR STK	200	500
G
GBCB	G B C BANCORP	500	1000
XRAY	G E N D E X CORP	200	500
GMED	G MI GP INC THE	1000	500
GNUC	G NI GROUP me THE	500	1000
GWCC	G W C CORP	500	1000
GBAN	GATEWAY BANCORP INC	200	500
GBLD	GEN BLDG PRODS CORP	1000	500
GCCC	GEN COMPUTER CORP	1000	500
GGNS	GENUS INC	500	1000
GDYN	GEODYNAMICS CORP	500	1000
GMFD	GERMANIA BANK FSB	1000	500
GOOD	GOODY PRODUCTS INC	500	1000
GSBI	GRANITE STATE BKSHS	500	1000
GBBS	GREAT BAY BANKSHARES	1000	500
GFGC	GREAT FALLS GAS CO	200	500
GREY	GREY ADVERTISING INC	200	500
H
HDRP	H D R POWER SYS INC	500	1000
THCO	HAMMOND CO THE	200	500
HRLN	HARLYN PRODUCTS INC	500	200
HRMN	HARMON INDS INC	500	1000
HASR	HAUSERMAN INC	500	200
HAVT	HAVERTY FURNITURE CO	500	1000
HWKN	HAWKINS CHEMICAL INC	200	500
HERS	HERITAGE FINL SVC IL	500	1000
HRLY	HERLEY MICROWAVE	1000	500
HIPT	HI PORT INDS me	500	1000
HSBK	HIBERNIA SAV BK THE	1000	500
HIPC	HIGH PLAINS CORP	500	1000
HIWDF	HIGHWOOD RESOURCES	1000	500
RVEE	HOLIDAY RV SUPERSTRS	500	1000
HFNO	HOME FED SAV BK OH	200	500
HROK	HOME FED SAV ROCKIES	500	200
HSLD	HOME SAVINGS LOAN	1000	500
HMSD	HOMESTEAD HOLDING CORP	200	500
HFIN	HORIZON FIN SVC INC	500	1000
HTEK	HYTEK MICROSYSTEMS	1000	500
I
IEHC	IE H CORP	1000	500
IFRS	I F R SYSTEMS INC	500	1000
IMRI	I M C O RECYCLING	500	1000
INvG	I N V G MTG SECS CORP	500	1000
IFEI	IMAGINE FILMS ENTER	500	1000
IFEIW	IMAGINE FILMS WTS	500	1000
INCRF	INCA RESOURCES	1000	500
IBCP	INDEP BK CORP MI	1000	500
INRD	INRAD INC	500	200
IGLWF	INSITUFORM GP LTD WT	200	500
INSMA	INSITUFORM MIDAMER A	500	200
ISEC	INSITUFORM SOUTHEAST	500	1000
IFED	INTER FED SAV BANK	200	500
INTP	INTERPOINT CORP	500	1000
ICSI	INTL CONTAINER SYS	500	1000
ISLH	INTL HOLDING CAP CORP	200	500
INSH	INTL SHIPHOLDING CORP	500	1000
IUTL	IOWA SOUTHERN INC	500	1000
IYCOY	ITO YOKADO CO ADR	500	200
J
JMBRS	J M B REALTY TR SBI	500	200
JKHY	JACK HENRY AND ASSOC	1000	500
JACO	JACO ELECTRONICS INC	500	1000
JASN	JASON INC	500	1000
JFFN	JEFFERSON BANK	200	500
JBNK	JEFFERSON BKSHS VA	500	1000
JHSN	JOHNSON ELECTRONICS	1000	500
JSBK	JOHNSTOWN SAV BK FSB	500	200
JMED	JONES MEDICAL INDS	500	1000
JOSL	JOSLYN CORP	500	1000
JUDY	JUDY'S INC	200	500
K
KEAN	KEANE INC	200	500
KEQU	KEWAUNEE SCIENTIFIC	200	500
KNAP	KNAPE AND VOGT MFG	1000	500
L
LCSI	L C S INDS INC	500	200
LSNB	LAKE SHORE BANCORP	500	200
LMACE	LANDMARK AMERICAN CORP	500	200
LDMK	LANDMARK BK FOR SAV	200	500
LSER	LASER CORP	500	1000
LEXP	LEXINGTON PRECISION	1000	500
LIB HA	LIBERTY HOMES INC A	200	500
LNBC	LIBERTY NATL BNCP	500	1000
LIFE	LIFELINE SYSTEMS INC	1000	500
LLOG	LINCOLN LOGS LTD	200	500
LNDL	LINDAL CEDAR HOMES	500	1000
LIQB	LIQUI BOX CORP	1000	500
LOCL	LOCAL FED SVGS LOAN	1000	500
LOGC	LOGIC DEVICES INC	200	500
LUND	LUND ENTERPRISES INC	500	1000
M
MKCO	M KAMENSTEIN INC	200	500
MMIM	M MI MEDICAL INC	500	1000
MMRH	M M R HOLDING CORP	500	1000
MACD	MACDERMID INC	500	200
MLRC	MALLON RESOURCES CORP	1000	500
MRGO	MARGO NURSERY FARMS	500	1000
MRTA	MARIETTA CORP	500	1000
MCOR	MARINE CORP ILL	500	1000
MTLI	MARINE TRANS LINES	500	1000
MAXE	MAX & ERMAS RESTR INC	500	1000
MAXC	MAXCO INC	500	1000
MFLR	MAYFLOWER CO OP BK	1000	500
MFFC	MAYFLOWER FIN CORP	500	1000
MCCL	MCCLAIN INDUSTRIES	500	200
MGLL	MCGILL MANUFACTURING	200	500
MGRC	MCGRATH RENT CORP	500	1000
MDST	MEDSTAT SYSTEMS INC	500	1000
MDTA	MEGADATA CORP	1000	500
MCBKB	MERCHANTS CAP CP B	500	200
MRET	MERET INC	1000	500
MRDNP	MERIDIAN BNCP PFD	200	500
KITS	MERIDIAN DIAGNOSTICS	1000	500
METC	METCALF EDDY COS INC	500	1000
MTRO	METRO TEL CORP	1000	500
MFGR	METROBANK FIN GP INC	500	1000
MAJL	MICHAEL ANTHONY JEWL	1000	500
MWAV	MICROWAVE LABS INC	1000	500
MABC	MID AMERICA BNCP	500	1000
MHBK	MID HUDSON SAV FSB	500	200
MIDS	MID SOUTH INS CO	1000	500
MILT	MILTOPE GROUP INC	500	1000
MNES	MINE SAFETY APPLS CO	1000	500
MVBC	MISSION VALLEY BNCP	200	500
MTTL	MOBILE TELECOMM TECH	500	1000
MAHI	MONARCH AVALON INC	500	200
MNRTS	MONMOUTH REIT SBI	200	500
MOTOP	MOTO PHOTO INC PFD	500	200
MOTOZ	MOTO PHOTO INC WTS	500	200
MOTR	MOTOR CLUB OF AMER	500	1000
MTNR	MOUNTAINEER BKSHS WV	200	500
MUEL	MUELLER PAUL CO	200	500
LABL	MULTI COLOR CORP	500	1000
MYCO	MYCOGEN CORP	500	1000
N
NSCB	N B S C CORP	200	500
NHDI	N H D STORES INC	500	1000
NWGI	N W GROUP INC	500	1000
NVBC	NAPA VALLEY BNCP	500	1000
NHMO	NATL HMO CORP	500	1000
NPBC	NATLPENN BCSHS INC	500	200
NETG	NETWORK GENERAL CORP	500	1000
NWRK	NETWORKS ELECTRONICS	200	500
NEWE	NEWPORT ELECTRONICS	1000	500
NRES	NICHOLS RESEARCH CORP	500	1000
NVCO	NODAWAY VALLEY CO	200	500
NOLD	NOLAND CO	500	200
NRTI	NOONEY REALTY TRUST	200	500
NOHL	NORTH HILLS ELECTRON	500	1000
CBRYA	NORTHLAND CRANBERR A	500	1000
NOWT	NORTHWEST TELECOMMUN	500	1000
NWTL	NORTHWEST TELEPROD	200	500
NSTS	NORTHWESTN ST PORT	500	200
NOVXM	NOVA PHARM CORP WTS C	500	1000
NOVXL	NOVA PHARM CORP WTS D	500	1000
NUCO	NUCORP INC DELAWARE	500	1000
NYCOP	NYCORINC PFD	500	1000
O
OICO	OI CORP	500	1000
OILC	OIL DRI CORP OF AMER	500	1000
OLDB	OLD NATL BANCORP IND	500	1000
OSWI	OLD SPAGHETTI WHSE	500	1000
OSBW	OLYMPIC SAVING BK	200	500
OCGI	OMNI CAP GP INC	500	1000
OVWV	ONE VALLEY BNCP W VA	500	1000
OSBN	OSBORN COMMUN CORP	500	1000
OCOMA	OUTLET COMMUN CL A	500	1000
P
PHPH	PHP HEALTHCARE CORP	200	500
PABC	PACIFIC BANCP	500	200
PHSY	PACIFICARE HEALTH	500	1000
PALM	PALFED INC	1000	500
PBFI	PARIS BUSINESS FORMS	200	500
PVSA	PARKVALE FINL CORP	1000	500
PRLX	PARLEX CORP	1000	500
PATK	PATRICK INDS INC	1000	500
PENT	PENN ENTRPR INC	500	1000
PTAC	PENN TREATY AMER CORP	500	1000
PVIR	PENN VIRGINIA CORP	500	1000
PTRL	PETROLINDS INC	500	1000
PHXA	PHOENIX AMERICAN INC	1000	500
PHMT	PHONEMATE INC	1000	500
PLAB	PHOTRONIC LABS INC	500	1000
PMAN	PIEDMONT MGMT CO INC	500	1000
PSBN	PIONEER BNCP INC NC	500	1000
PLNSP	PLAINS RESOURCES PFD	500	1000
PLXS	PLEXUS CORP	500	1000
POLK	POLK AUDIO INC	500	1000
POCI	PORTS OF CALL INC	1000	500
PSLA	PREFERRED SAVINGS BK	500	200
PBKC	PREMIER BANKSHARES	200	500
PRCO	PRICOR INC	500	1000
PENG	PRIMA ENERGY CORP	500	200
PSAB	PRIME BANCORP INC	1000	500
PROF	PROFESSIONAL INV INS	500	1000
PFNC	PROGRESS FIN CORP	500	200
PNET	PRONET INC	500	1000
POAI	PROPERTIES OF AMER	1000	500
PPSA	PROSPECT PK FIN CORP	500	1000
Q
QEDX	Q E D EXPLORATION	500	200
QLTIF	QUADRA LOGIC TECH	200	500
QFCI	QUALITY FOOD CENTERS	500	1000
QTEC	QUESTECH INC	500	200
QUIP	QUIPP INC	200	500
R
RANG	RANGAIRE CORP	1000	500
RCHI	RAUCH INDS INC	500	1000
RCOT	RECOTON CORP	500	1000
REDX	RED EAGLE RESOURCES	500	1000
REED	REEDS JEWELERS INC	500	1000
RFTN	REFLECTONE INC	1000	500
RFSB	REISTERSTOWN FED SAV	500	200
REAL	RELIABILITY INC	1000	500
RAUT	REPUBLIC AUTO PARTS	1000	500
RBNC	REPUBLIC BANCORP INC	500	1000
RSFC	REPUBLIC SAV FIN CORP	1000	500
RESR	RESEARCH INC	500	200
ROIL	RESERVE INDS CORP	1000	500
REXI	RESOURCE AMERICA INC	500	1000
RCOA	RETAILING CORP OF AMER	500	200
REXL	REXHALL INDS INC	200	500
RMCI	RIGHT MGMT CONSUL	200	500
RSGI	RIVERSIDE GP INC	200	500
RBSN	ROBESON INDS CORP	500	1000
RNIC	ROBINSON NUGENT INC	1000	500
RBNH	ROCKINGHAM BANCORP	500	1000
ROYLW	ROYALPAR INDS WTS A	500	200
RBCO	RYAN BECK CO INC	1000	500
S
SBTC	S B T CORP	500	200
SDNB	SDNB FINANCIAL CORP	200	500
SJNB	SJNB FINANCIAL CORP	200	500
SKFB	S K FAMOUS BRANDS	200	500
SNLFA	S N L FINANCIAL CORP A	500	1000
SGHB	SAG HARBOR SAV BK	500	1000
SHRE	SAHARA RESORTS	1000	500
SAXO	SAXON OIL CO	500	1000
SCFM	SCANFORMS INC	1000	500
SWARA	SCHWARTZ BROS INC A	500	1000
STIZ	SCIENTIFIC TECH INC	500	200
SCOT	SCOTT AND STRINGFELLOW	500	200
SEAB	SEABOARD SAVINGS LN	500	200
SEWY	SEAWAY FOOD TOWN INC	200	500
SFGI	SECURITY FINL GP INC	200	500
SLTM	SELECTERM INC	200	500
SLFX	SELFIX INC	500	1000
SLRV	SELLERSVILLE SAV LN	500	1000
SERF	SERVICE FRACTURING	500	1000
SHLB	SHELBY FED SAVS BK	200	500
SHOP	SHOPSMITH INC	500	1000
SHBZ	SHOWBIZ PIZZA TIME	500	1000
SIVB	SILICON VALLEY BNCSH	500	1000
SMET	SIMETCO INC	500	1000
SKAN	SKANEATELES SAV BANK	200	500
HAMS	SMITHFIELD CO INC	1000	500
SOMR	SOMERSET GP INC THE	200	500
SESL	SOUTHEASTERN SAV BK	1000	500
SWTR	SOUTHERN CA WATER CO	500	1000
SFNS	SPEAR FIN SVCS INC	500	1000
SOME	STATE O MAINE TNC	500	1000
SPAIB	STRATEGIC PLANNING B	1000	500
STRC	STRATFORD AMER CORP	200	500
STRM	STURM RUGER AND CO	200	500
SUBBA	SUBURBAN BANCORP A	1000	500
SUMI	SUMITOMO BANK OF CA	200	500
SMMT	SUMMIT SAV ASSOC	200	500
SNLT	SUNLITE INC	500	1000
SUNF	SUNSTAR FOODS INC	500	1000
SURV	SURVIVAL TECH INC	500	1000
SYMC	SYMANTEC CORP	200	500
SNTC	SYNETIC INC	200	500
SYRA	SYRACUSE SUPPLY CO	200	500
T
TCII	T C IINTL INC	1000	500
TSII	T S I INC	500	1000
TSRI	T S R INC	1000	500
TECN	TECHNALYSIS CORP	500	1000
TCGN	TECOGENINC	500	1000
TOPTW	TELE OPTICS INC WTS	500	200
TOPT	TELE OPTICS INC	1000	500
TNII	TELECOMMUN NETWORK	500	1000
TMTX	TEMTEX INDS INC	500	200
TMSTA	THOMASTON MILLS A	500	200
TAVI	THORN APPLE VALLEY	500	200
TODDA	TODD A O CORP CL A	500	1000
TOMKY	TOMKFNS PLC ADR	200	500
TLAM	TONY LAMA CO INC	200	500
TRGL	TOREADOR ROYALTY CORP	1000	500
TGDGF	TOTAL ENERGOLD CORP	1000	500
TRKA	TRAK AUTO CORP	1000	500
TRNI	TRANS INDS INC	500	1000
TRSL	TRANSNATIONAL INDS	500	1000
TWBC	TRANSWORLD BNCP	200	500
TRST	TRUSTCO BANK CORP NY	200	500
TDRLF	TUDOR CORP LTD	500	200
TUSC	TUSCARORA PLASTICS	500	1000
TTOYW	TYCO TOYS INC WTS 93	200	500
U
UNSL	U N S L FIN CORP	200	500
USAB	USA BANCORP INC	500	1000
INTK	U S INTEC INC	500	1000
ULTB	ULTRA BNCP	500	1000
UGNEW	UNIGENE LABS WTS A	500	1000
UBNK	UNION BK	500	1000
UBKR	UNITED BANKERS TX	1000	500
UBSI	UNITED BKSHS INC	500	1000
UICI	UNITED INS COS INC	1000	500
UMSB	UNITED MISSOURI BCSH	500	1000
BNKS	UNITED N M FIN CORP	500	1000
USBK	UNITED SAV BK VA	200	500
UBMT	UNITED SAV BK F A MT	200	500
TOTE	UNITED TOTE INC	500	1000
UHCO	UNIV HOLDING CORP	1000	500
UPEN	UPPER PENINSULA ERGY	500	200
V
VSLF	VMS STRA LND FD H	500	1000
VSBC	V S B BNCPINC	500	1000
VLCM	VALCOM INC	500	200
VCCN	VALLEY CAPITAL CORP	1000	500
VANF	VANFED BNCP	500	1000
VCRE	VARI CARE INC	500	1000
VFSC	VERMONT FIN SVCS CORP	500	1000
VTEX	VERTEX COMMUN CORP	500	1000
VSTR	VESTAR INC	500	1000
VIDE	VIDEO DISPLAY CORP	500	1000
VOLT	VOLT INFO SCIENCES	1000	500
W
WCRSY	W C R S PLC ADR	200	500
WLRF	WLR FOODS INC	500	1000
WNSI	W N S INC	500	200
WSMP	W S M P INC	1000	500
WAIN	WAINWRIGHT BK TR CO	1000	500
WTWS	WALL TO WALL SOUND VID	1000	500
WIMI	WARWICK INS MGRS INC	500	200
WSBX	WASHINGTON SAV BK	500	200
WGNR	WEGENER CORP	500	1000
WLPI	WELLINGTON LEISURE	500	1000
WCCC	WESTERN COMMERCIAL	500	200
WFPR	WESTERN FED SAV P R	500	200
WWIN	WESTERN WASTE INDS	500	1000
WBAT	WESTPORT BNCP INC	200	500
WTPR	WETTERAU PROPERTIES	500	200
WHLSP	WHOLESALE CLUB PFD	500	200
WSVS	WILAND SVCS INC	500	200
WSGC	WILLIAM SONOMA INC	500	1000
WTOY	WISCONSIN TOY CO INC	500	1000
XPLR	XPLOR CORP	500	200
Y
YESS	YANKEE ENERGY WI	1000	500
YFED	YORK FINANCIAL CORP	500	1000
YCSL	YORKRIDGE CALVERT SV	200	500
Z
ZEUS	ZEUS COMPONENTS INC	1000	500
ZIGO	ZYGO CORP	500	200