TRACK   RECORD   OF   HK HSI   MARKET   ALERTS
 
                                  First   Quarter   2000            updated Mar 31 2000
 
   Buy     Index    Sell     Index     Points     % Gain     Points        % Gain   Cumulat.
   Date    Value    Date     Value     Gained     for        Gained        for        Gain %
                                       for        Buying     for           Selling
                                       Buying                Selling
 
                   Jan 04   17000                              1760
                                                                           10.35       10.35
  Jan  7   15240   Jan 12   15690        450        2.95        120                    13.31
                                                                            0.76       14.07
  Jan 17   15570   Jan 18   15765        195        1.25        685                    15.32
                                                                            4.35       19.67
  Jan 25   15080   Jan 31   15600        520        3.45         40                    23.12
                                                                            0.26       23.37
  Feb 01   15560   Feb 14   17220       1660       10.67        130                    34.04
                                                                            0.75       34.80
  Feb 16   17090   Feb 17   17000        -90       -0.53        675                    34.27
                                                                            3.97       38.24
  Feb 22   16325   Feb 25   17150        825        5.05        340                    43.29
                                                                            1.98       45.28
  Mar 2    16810   Mar 7    17795        985        5.86       1105                    51.14
                                                                            6.21       57.35
  Mar 17   16690   Mar 20   17050        360        2.16       -200                    59.50
                                                                           -1.17       58.33
  Mar 21   17250   Mar 28   18250       1000        5.80                               64.13
 
                          Totals        5905       36.66       4655        27.46       64.13
 
                          Total Index Points Gained :         10560 Points
                          Total % Gained :                       64 %