Sunday,May 20, 2001

MINUTES OF INVESTMENT CLUB MEETING

Sunday, April 29, 2001

MEMBERS PRESENT: Gretchen DuRant, Toni Pinckney, Greg Joseph, Nancy Pierre, Janice Hackney, Deborah Hauges, Lee Hollie, Renee Patterson, Preston Younger & Cheryl Green

MEMBERS ABSENT: Gwen Goolsby, Zandra Coles, Tabatha Williams & Cheryl Coles

MEETING COMMENCED: 3:40 p.m.

• MINUTES of March 25, 2001 were read and accepted.
• MARYMOUNT MEETING: WIG on track, thus far - group following NAIC format.
Members are encouraged to attend classes when possible.
• BUILDING WEALTH EXPO - good representation. Highlights of the meeting to be discussed at the next meeting. - Greg recommended starting a book listt to increase our knowledge of investment and financial matters.
• ONLINE BROKERAGE - Ameritrade was chosen - 4 purchases in a 6 month period, minimum balance of $2,000 must be in the account to invest.
  - Stock certificates are kept by Ameritrade - a copy is $40.00.
  - Lee and Janice are representatives off the WIG Ameritrade Account.
  - Question; Should we have a stock cerrtificate for each stock we purchase?
  - Ameritrade account opened officially 4/29/01.
  - $2,000 is necessary for marginal accoount.
  - $ 500 is minimum amount of $ needed tto open account.
  - 25 shares of Bed, Bath & Beyond will be purchased.
  - Toni will correspond with either persson Re: changes or emergencies.
• EDUCATION
  - Reviewed stock check liw5 again today to compare BBBY with comparative companies.
  - Deborah presented ADC Telecom Inc. for possible purchase consideration.
  - Obtaining industry P/E may be a good starting point if further investigation is needed of a particular stock.
• ASSIGNMENTS
  - Small, Medium, Large Companies - Copies to be distributed.
  Small = 500 million in sales
  Medium = 500 - 4 billion in sales
  Large = over 4 billion in sales
• WEBSITE BULLETIN BOARD - tabled until next meeting.
• INVESTMENT GAME
  - Cost $10.00 for stock choosing contest
  - Compare a stock you like to 2 others in the same sector and size
  - Everyone is responsible for following their stock
  - At the end of 6 months, winner is determined by the amount $ stock growth
  - OBJECTIVE - learn, generate interest, find possible stocks to purchase
  - Next meeting submit three different stocks supporting information
• CURRENT EVENT UPDATE - Each member should be bringing info to the group to learn and grow as a group.
• ANNIVERSARY - Everyone to bring a dish for next meeting to celebrate one year.
• RESIGNATION of Kim Coles - criteria reviewed about new members and funds paid to resigning members.
• INTERNAL AUDIT to be conducted by Preston and Cheryl along with President and Treasurer.

Meeting Adjourned: Approximately 6:50 p.m.