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To: JF Quinnelly who wrote (8869)	12/21/1998 2:40:00 PM
From: Jeffrey D	Read Replies (2) \| Respond to of 42834

To all, your thoughts and ideas would be appreciated. I am long on Ralph Lauren {RL} and I have watched the price sink to the mid teens. Money manager Ronald Baron during this time period has continually increased his stake in the company to 35.5%. Other than perhaps Mr. Baron wanting to become a fashion designer can anyone figure out his strategy? I can't figure it out so if someone has some thoughts I would really appreciate them. TIA, Jeff << Polo Ralph Lauren Stake Raised by Baron to 35.5% From 34.1% Washington, Dec. 17 (Bloomberg) -- A Baron Capital Group Inc. investment group raised its stake in Polo Ralph Lauren Corp. to 35.5 percent from 34.1 percent of the clothier's outstanding Class A shares. In most recent trading, the New York-based money management group headed by Ronald Baron bought 184,000 Polo shares for $16.31 to $17.56 each between Dec. 10 and yesterday, according to the group's Schedule 13D amendment filed with the U.S. Securities and Exchange Commission. The mutual fund group, including Baron Asset Fund, now holds 11.95 million Class A shares of New York-based Polo, today's filing said, up from 11.57 million reported Oct. 30. The Baron group's voting stake is lower than 35.5 percent because its Class A shares get one vote each versus 10 apiece for the Class B shares held by Ralph Lauren. Polo's Class A shares fell 3/16 to close at 16 3/8. The shares have fallen about 41 percent over the past six months. 18:38:29 12/17/1998>>