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To: Chris who wrote (13235)	7/27/1998 5:28:00 PM
From: Electric	Respond to of 42787

Chris, What about the various Betas involved in that calculation? Meaning that DIS split 3 for 1, and that ought not to change anything since the price and outstanding shares equal out, but what about the volitlity? I think to be of more service to the index investor is to see the entire picture of the betas in relation to other stocks in the index. So, although MMM in the same group as HWP, wouldnt HPW have to be looked at differently since it will swing more? I might be over-complicating things.. I hope to see your DELL chart and SMACD analysis this evening.. I have to run off to my evening post.. Thanks for the PM.. you know I am very interested..