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To: TRINDY who wrote (60700)	9/7/1999 5:28:00 PM
From: TRINDY	Respond to of 86076

All, Here are the average gains per month for data back to September 1988, when the NASDAQ first started. For this period (9/88 - 8/98), September was actually an up month. In the last 11 years, August has clearly been the worst month. These averages are computed as the closing price for the month relative to the closing of the previous month. If you have any questions, just let me know. Month DJIA NYA SPX TRN UTL NAS 1 2.8% 1.6% 2.1% 3.0% -0.7% 4.5% 2 1.4% 1.2% 1.1% 2.4% -1.1% 1.4% 3 0.8% 0.8% 0.9% 1.4% -1.0% 0.9% 4 2.9% 1.5% 1.7% 2.9% 0.6% 1.0% 5 2.6% 2.4% 2.5% 0.2% 1.6% 3.3% 6 -0.2% 0.3% 0.5% -0.8% -0.2% 0.8% 7 2.4% 1.7% 1.9% 1.6% 1.3% 1.3% 8 -2.3% -1.9% -1.9% -2.3% -0.2% -0.4% 9 0.6% 1.2% 1.4% -0.1% 1.8% 2.3% 10 1.2% 0.8% 1.0% 1.3% 1.3% 0.3% 11 2.0% 1.7% 1.9% 1.4% 0.6% 1.8% 12 2.1% 2.4% 2.4% 2.7% 2.1% 2.7%