Updated Friday Mar 17, 1998 close

Paragon Large Cap
Security Symbol Quantity Purchased MKT Price Today's Change Market Value Investment Gain/Loss % Return


AMERICAN EXPRESS CO AXP.US 20000.000 29.75 95 3/ 4 + 1 13/16 1915000.00 595000.00 +1320000.00 +221.85%

BRISTOL MYERS SQUIBB CO BMY.US 30000.000 30 107 3/ 4 - 3/16 3232500.00 900000.00 +2332500.00 +259.17%

COLGATE PALMOLIVE CO CL.US 40000.000 16.28 84 3/ 4 + 1 3/16 3390000.00 651200.00 +2738800.00 +420.58%

GENERAL ELECTRIC CO GE.US 40000.000 17.375 80 + 5/ 8 3200000.00 695000.00 +2505000.00 +360.43%

MERCK AND COMPANY INC MRK.US 24000.000 25 132 1/ 8 + 2 5/ 8 3171000.00 600000.00 +2571000.00 +428.50%

MCDONALDS CORP MCD.US 40000.000 17.5 52 1/ 2 - 1/ 2 2100000.00 700000.00 +1400000.00 +200.00%

MINNESOTA MINING AND MANUFACTURING MMM.US 16000.000 41.625 93 5/16 + 1 13/16 1493000.00 666000.00 +827000.00 +124.17%

PHILIP MORRIS COMPANIES INC MO.US 45000.000 14.41 42 11/16 - 3/ 8 1920937.50 648450.00 +1272487.50 +196.24%

SCHERING PLOUGH CORP SGP.US 80000.000 11.75 81 1/ 2 + 1 3/ 4 6520000.00 940000.00 +5580000.00 +593.62%

Totals 26942437.50 6395650.00 20546787.50 321.26%


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