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To: Glenn D. Rudolph who wrote (7967)	6/29/1998 7:14:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164687

NEW YORK, June 29 (Reuters) - Nasdaq stocks rose Monday as Microsoft Corp topped another record high and as the strongest Internet stocks continued their charge to higher ground. The Nasdaq composite closed up 21.55, or 1.15 percent, at 1891.08. Traders credited gains to easing concerns about Asia's economic problems and to "window-dressing" by portfolio managers buying up winning stocks to boost performance as the second quarter ends. "We've had a good deal of window-dressing here lately, and I think we will continue to do so," said Dennis Murray, a senior trader at Dain Rauscher. Microsoft shares surpassed their record high reached last week and were the most active Nasdaq issue, gaining 3 to a new high of 107-7/16. Internet stocks continued their dizzying climb as Lycos Inc advanced 7-7/8 to 74-3/8 and as Yahoo Inc closed above a 52-week high at 154-7/16, up 5-12/16. Excite Inc was the biggest winner, gaining 9-7/8 to 85-7/8 after announcing a two-for-one stock split. "That whole group has been on fire for the last month," Murray said, adding that NBC's purchase of CNET Inc earlier this month continues to fuel expectations of more Internet marriages.