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To: sandintoes who wrote (11930)	9/13/1999 10:27:00 PM
From: Susan G	Read Replies (1) \| Respond to of 28311

Washington state stock index up 86 pct in first year ============================================================ SEATTLE, Sept 13 (Reuters) - An index tracking shares of the 100 largest publicly-owned companies in Washington state rose 85.6 percent in its first year, its publisher, Northwestern Trust and Investors Advisory Co., said on Monday. The Washington 100 Index includes many established companies like Boeing Co. (NYSE:BA), Microsoft Corp. (NASDAQ:MSFT), Weyerhaeuser Co. (NYSE:WY) and Washington Mutual Inc. (NYSE:WM). But Northwestern attributes much of the index's explosive growth to the broad array of technology pioneers in the Puget Sound area, including Amazon.com Inc. (NASDAQ:AMZN) and Go2net Inc. (NASDAQ:GNET). "In the not-too-distant past Washington's basic economic core only included Boeing, paper and forest products and agriculture. The ... index highlights the growth of these sectors and also celebrates the new, hot local technology sector," Northwest Chief Investment Officer Peter Glidden said. Like its much bigger cousin, the Dow Jones industrial average, the Washington 100 is price-weighted. If it were pegged to each company's market value, like the Standard & Poor's 500, the index would be heavily dependent on the movements of software giant Microsoft's stock, Northwestern investment associate Kevin Nicholson explained. Seattle-based Northwestern currently operates a fund that mimics the Washington 100 Index, but it currently serves only qualified employee benefit plans like 401(k)s and has assets of just $500,000. The privately-held trust company is considering converting that fund into a mutual fund open to all investor types, Nicholson said. 206-386-5339 ))