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To: Sharon A. Gray who wrote (15388)	5/3/1998 1:11:00 PM
From: Mang Cheng	Read Replies (2) \| Respond to of 45548

"United HealthCare, 3Com Among Favored Stocks of DLJ's Galvin" Bloomberg News May 2, 1998, 2:11 p.m. PT New York, May 2 (Bloomberg) -- United HealthCare Corp., 3Com Corp., British Petroleum Co. and UNUM Corp. are among the favored stocks of Tom Galvin, chief investment strategist at Donaldson, Lufkin & Jenrette, Barron's reported. Galvin, who expects the Dow Jones industrial average to reach 12,000 by the end 1999, cited the smoother-than-expected progress of the European Union, the unlikelihood that China will devalue its currency and weak oil prices as positive signs in the world economy that will push the Dow higher. In the health care industry, Galvin also likes Humana Inc. and Merck & Co.; in technology, he like Compaq Computer Corp. and Yahoo! Inc.; in energy, he likes Mobil Corp. and EVI Inc.; and in financial services, he likes Ace Ltd. and Chubb Corp., the paper said. The Dow has risen 32 percent in the past 12 months, compared to the S&P 500, which has risen 40 percent. --Wes Conard in the Princeton newsroom (609) 279-4105/shw news.com Mang