Sunday, December 16,2001

MINUTES OF INVESTMENT CLUB MEETING

Sunday, November 18, 2001

MEMBERS PRESENT:Toni Pinckney, Greg Joseph, Gretchen Du Rant, Renee Patterson, Preston Younger, Janice Hackney, Nancy Pierre, Lee Hollie, Deborah Hauges, Sallie Williams, Tabatha Williams, Gay Chestnut & Ike Chestnut

MEMBERS ABSENT:Zandra Coles

MEETING COMMENCED: 4:05 p.m.

1. Minutes of the October 28, 2001 meeting were read and accepted.

2. The financial statement was briefly touched upon and will be further discussed at the next meeting.

3. Welcome GAY & IKE CHESTNUT HIP — HIP — HOORAYI

4. ** Greg did not attend SSG Meeting

   ** When to Sell: Presented by Deborah. Speaker said we should not be concerned with the price of stock but rather with the history of the company and overall performance. Dollar cost averaging was also discussed.

5. Stock Updates: Each member presented stock to watch: NOKIA (UP) - JNJ (UP) - ADC (DOWN) - CHEESECAKE (UP) - BBY (UP)

   Received dividends from JNJ — must contact JNJ to decide what to do with Funds. Interest on cash account of any money above $2,000.00 total asset plan: any amount above $2,000.00 can accumulate interest.

6. STOCK CONTEST: officially ends on December 1, 2001. Submit choices for second stock contest in January, 2002.

7. EDUCATION: Renee discussed Value Line, quick analysis of a stock, stock check list. Each member also received a CD disc.

   Review of 3 companies (Lowe’s, Home Depot & Building materials hold) all under retail building supply industry.

8. G.E. presented by Renee — slow growth — was tabled in order to obtain comparisons of other companies.

9. Stock Purchasing: Presently, not additional stocks will be purchased.

10. New Business: It was voted to have Kris Kringle for December meeting.