COUNTRY	COMPANY			EXCHANGE	YR		PURCH.	CURRENT	G OR	STATUS

				&/OR SYMBOL	RECOMMENDED	PRICE	PRICE	L		



JAPAN	HITACHI			TOKYO		6-4-92		790YEN	1160YEN 47%G	B

JAPAN	NISSAN			TOKYO		8-24-92		592YEN	763YEN	42%G	B

MEXICO	EMPRESSAS  ICA		NYSE (ICA)	4-6-92		$17	16 1/16	5%L	H

MEXICO	GRUPO SYNKO		MEX (ADR)	4-23-91		$1.25	.02	92%L	H

MEXICO	CIFRA			MEX (ADR)	7-27-91		$1.18	1.90	61%G	H

ENGLAND	LONRHO			OTC (ADR)	11-27-92	$1.08	1.88	74%G	H

ENGLAND	DAWSON HOLDING	  	LSE		8-23-93		$5.50	26.25	377%G	H

	PLC			RULE 535SUB2

CANADA	ARC INTERNATIONAL	AMEX (ATV)	8-28-93		$1.44	6 1/2	351%G	S

THAILAND	SHINAWATRA	THAI (ADR)	5-18-94		$12.25	2.50	80%L	B

ENGLAND	JEROME & SON		LSE (ADR)	5-18-94		$1.00	1.125	12%G	H

 	 HOLDINGS

CANADA	ARC INTERNATIONAL	AMEX (ATV)	7-7-94		$3.125	6 1/2	108%G	H

FRANCE	EURODISNEY 2004 WARRANTS 		10-26-94	$.12	.16	33%G	B

ARGENTINA YPF SOCIEDAD		NYSE (YPF)	3-8-95		$17.00	32 9/16	91%G	B

MEXICO	GRUPO MODELO		MEX		3-18-95		$3.66	8	19%G	B

HONG KONG  ELECTROCON		EPLTF		8-30-95		$.95	.1 	 5%G	H

FRANCE	EURODISNEY		1004 WARRANTS	12-10-95	$.27	.16	41%L	H

HONG KONG ASM PACIFIC TECH		

	TECHNOLOGY		ORDINARY	12-10-95	$.90	.85	6%L`	B

HONG KONG VARITRONIX

	INTERNATIONAL		ORDINARY	12-10-95	$1.65	1.75	6%G	B

THAILAND SHINAWATRA		ORDINARY	10-15-96	$8.00	3.5	59%L	B

AFRICA	ASHANTI GOLDFIELDS  	NYSE(ASL)	3-20-97		$15.25	10.81	41%L	B	 



On 2-28-96 sold PWP>WS @ $20.00 recom @ $6.26 overall gain of 220%

On 7-9-97 sold BYE.WS @ $9.50 recom.@ $6.50 on 4-22-96 for overall gain of 46%

ON 7-10-97 sold Templeton Russian Fund @ $61.69 recom. @ 19.375 on 9-27-96 
(taking into account 2.375 distribution) for a mindblowing 22% gain.

On 9-2-97 sold 1 position from Global Portifoilio of ARC International (ATV).
On 8-28-93 recommended purchase @ $1.44 - selling one position @ $6.50 for 351% gain





OUR OVERALL GLOBAL EXPOSURE YIELDS A 71% GAIN