Introduction to Burkenroad Reports

(formerly Freeman Reports)

February 23, 1996
New Orleans, LA

IN-DEPTH RESEARCH ON DEEP-SOUTH COMPANIES

FREEMAN REPORTS publishes high quality and objective investment research reports on thirteen Louisiana-based companies. These reports are produced by a select group of students at Tulane University's A. B. Freeman School of Business. We meet with management, visit company sites and gain a "hands on" understanding of their operations and prospects. This program has been featured in several business publications including The Wall Street Journal.

BIG RETURNS OFTEN COME IN SMALL PACKAGES

Our companies have market caps of under $300 million and are underfollowed by investment analysts. While the S&P 500 has soared by more than 35% this past year, some companies in our research universe have provided truly exceptional returns:

This is our newest compendium of 13 one-page research briefs. Full reports will be available in the next few weeks. To receive any of these complete reports please contact:

Peter Ricchiuti, Assistant Dean, Director of Research

Peterr@office.sob.tulane.edu

FREEMAN REPORTS

A.B. Freeman School of Business

Tulane University

New Orleans, LA 70118

Telephone: (504) 862-8489

Fax: (504) 862-8954

Please consider a $100 contribution made out to the A.B. Freeman School of Business. Program sponsorships are available for $1000 annually. Here, in addition to receiving our research, your name will be included on each full length report.

GET 'EM WHILE THEY'RE HOT

Alumni of our FREEMAN REPORTS program are now with several highly respected investment firms including; Salomon Brothers, Goldman Sachs, Paine Webber, Donaldson, Lufkin & Jenrette, J.W. Charles/CSG, Johnson Rice & Co, Fitch's Investors Services, Carnegie International, OffitBank, BKP Capital Management and Robertson Stephens & Co.