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Subject:  Re: Shifting assets prior to retirement Date:  5/10/1998  8:35 AM
Author:  minnat Number:  3257 of 90515

I bought most of my LLREX in Oct. '96 and am up about 43% from basis over that time. I bought it because I wanted some diversification from my large cap stocks and I did not expect it to move in lockstep with S&P returns. The managers are from Memphis, which is where I am from, they have a lot of their own assets in the fund and they have a reputation as careful value investors. I looked at the chart and can see that you probably had the bad luck to buy just before the recent dip. That happens. The dip has not changed my reasons for owning it.

I hope you have better luck with it.

Regards - Minna
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