VD's MODEL PORTFOLIO 9/30/97 Change -$2,558 DOWN -0.96% Started 4/9/97, $100K . INDEX ^IXB DOWN -0.93% VD Inc: Cytokines to Monoclonal Antibodies to Retinoids # CURRENT DAILY CURRENT COST TOTAL %GAIN/ % OF SYMBOL SHRS PRICE CHANGE %CHG VALUE SHR COST LOSS TOTAL ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= AFFX 250 45.00 -1.00 -2.17% 11250 25.77 6441 74.7% 4.2% INCY 290 84.00 0.00 0.00% 24360 48.55 14080 73.0% 9.2% GZTC 2,770 11.50 0.00 0.00% 31855 7.74 21432 48.6% 12.0% LGND 2,800 16.31 -0.19 -1.14% 45675 12.432 34810 31.2% 17.3% GENZ 530 29.38 -0.38 -1.26% 15569 23.50 12455 25.0% 5.9% CLTR 1,000 13.44 0.06 0.47% 13438 10.88 10875 23.6% 5.1% MDYN 500 27.13 0.13 0.46% 13563 23.50 11750 15.4% 5.1% GLFD 500 29.13 -0.38 -1.27% 14563 28.25 14125 3.1% 5.5% ISIP 500 17.38 -0.44 -2.46% 8688 17.13 8563 1.5% 3.3% FUSE 400 13.88 -0.25 -1.77% 5550 14.188 5675 -2.2% 2.1% ABSC 400 14.38 0.06 0.44% 5750 14.938 5975 -3.8% 2.2% GENZL 2,015 9.56 -0.19 -1.92% 19268 10.36 20880 -7.7% 7.3% BGEN 400 31.56 -0.88 -2.70% 12625 35.88 14350 -12.0% 4.8% NSTA 200 25.00 1.75 7.53% 5000 28.50 5700 -12.3% 1.9% CGPI 500 10.50 0.38 3.70% 5250 12.75 6375 -17.6% 2.0% MATX 1,000 4.38 -0.56 -11.39% 4375 5.72 5718 -23.5% 1.7% CYTO 4,400 3.91 -0.03 -0.79% 17188 5.335 23475 -26.8% 6.5% GSII 2,700 4.00 -0.13 -3.03% 10800 5.69 15354 -29.7% 4.1% SUBTOT ______ ______ ______ ______ 264765 238033 11.2% 100.0% CASH ______ ______ ______ ______ 0 MARGIN ______ ______ ______ ______ (144587) TOTALS 120178 100000 20.2% ^IXB INDEX 338.89 -3.17 -0.93% 302.42 12.1% NOTES: OPEN limit sell order MATX @ 5.5 or better NSTA bought 9/18/97, 400 @ 28.5 ($11400) MDYN bought 9/18/97, 500 @ 23.5 ($11750) CMTR sell 9/23/97 5100 @ .75 ($3825), loss $3672, -49% FUSE bought 9/24/97, 400 @ 14.1875 ($5675) ABSC bought 9/24/97, 400 @ 14.9375 ($5975) NSTA sold 9/26/97. 200 @ 24 $(4800), loss $900, -15.8% |