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To: Frank who wrote (71989)	8/30/2000 4:53:18 AM
From: jim_p	Read Replies (2) \| Respond to of 95453

Frank, SEI was more undervalued than PGO, which is why I was so loaded up on it. While SEI has more than doubled, it is still selling at 12.01X 2001 P/E while PGO is selling at 15.98X 2001 P/E. The real question is why VTS has move up and not PGO since VTS is now at a 32.95X 2001 P/E. I'm also over weighted in PGO, and have sold my VTS. We all know the sad story on SEI (never was able to buy it back, ever with lady Di's shorting).:( Jim