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To: JSLyons who wrote (17262)	11/9/2001 11:40:02 AM
From: Bernie Goldberg	Read Replies (2) of 18928

Hi Jonathan, I think you misunderstood me. The REIT I mentioned was HR which I have owned since March of 1999 and have been AIMing since December of '99. My annual rate of return on it since that period of time is 25.48% including dividends. Cash Reserve has increased by 100% from the small amount I started with which was 16%. Since the Fed tightening has decreased MM returns to such a degree I was forced to look for alternatives to increase the income from my cash reserve. I have taken 75% of the HR cash reserve and put into the HR Preferred stock. It is paying a 9.09% dividend. If HR should drop by 32% from its current level to 18.75 there is enough cash left in the MM to cover the cost of the AIM purchase. I would then have an entire month to sell some shares of the preferred if necessary to raise more cash. In the interim the preferred stock will be raising cash at a faster rate. My annual rate of rate of return YTD for HR and HR_PrA combined is over 36%. Which is a lot better than I am doing with my Hi-Tech issues. Bernie

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