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To: Andrew Vance who wrote (11222)	2/3/1998 11:46:00 PM
From: Dale Knipschield	Respond to of 17305

Andrew, Thanks for your response.....Hope you're right about IOM,that would make a nice little profit in my trading account! Indeed, I did get more than I asked for in your response, but I always find your views interesting and informative. I share your sentiments about the Asian situation.....the real effects have hardly been felt yet. Major surprises are coming in the next few quarters for those US stocks that have large Asian exposure. As long as you are looking for a nice safe utility stock, let me recommend one....Southeastern Michigan Gas Co, Nasdaq symbol (SMGS). They're a small, but growing gas distribution utility. I bought 500 shares of this back in 1987 for $19/sh. That has grown to 1500 at just under $18. They've paid an .80 dividend every year PLUS a 5% stock dividend each year for a total return of about 9+% yr. With splits, total return has been closer to 13%. In spite of their stock dividend, the total # of shares has stayed relatively stable over the ten years (splits excepted), so I assume they are buying back stock when the price dips. I've acquired additional shares over the years......now have close to 9K. Maybe you can find something better, but this gives you a benchmark to measure against. By the way, if you do find something better, let me know what it is! Thanks again. Regards, Knip