MEMBERS PRESENT: Gay Chestnut, Ike Chestnut, Gretchen DuRant, Greg Joseph, Deborah Hauges, Elsie Jones, Renee Patterson, Toni Pinckney, Sallie Williams and Preston Younger

MEMBERS ABSENT: Lee Hollie and Nancy Pierre

MEMBERS ON LEAVE: Zandra Coles and Tabatha Williams

MEETING COMMENCED: 3:50 p.m.

1. MINUTES: accepted as read.
2. INSPIRATIONAL QUOTE: Read by Greg from "Acts of Faith".
3. FINANACIAL STATEMENT: Not available
4. B.I UPDATE: Nancy absent
5. PRESENTATIONS:
   1. Greg presented on Pepsico, Cott Corp and Coca-Cola. Greg to look into smaller beverage companies that have potential growth.
   2. Outstanding Presentations: Preston, Lee, Toni and Nancy.

6. STOCK UPDATES:
   

   STOCK NAME	STOCK SYMBOL	ADJUSTED STOCK PURCHASE PRICE*	STOCK CURRENT PRICE	PERFORMANCE
   ADC Telecommunications	ADCT	$10.22	$02.22	Down
   Apollo Group, Inc.	APOL	$39.13	$50.01	Up
   Bed Bath & Beyond	BBBY	$27.22	$34.92	Up
   Cheesecake Factory	CAKE	$32.17	$32.74	Up
   FactSet Research	FDS	$32.09	$32.09	Down
   General Electric	GE	$31.93	$26.03	Down
   Johnson & Johnson	JNJ	$52.33	$57.38	Up
   Nokia	NOK	$21.77	$14.44	Down
   Pfizer	PFE	$34.86	$31.81	Down
   * Adjusted price refers to actual cost (Reflects dollar cost averaging - price, administrative costs, splits, etc.)

7. COMMITTEE UPDATES: *(Chairperson of the committee)
   *Note: Next meeting have a misson statement for the committee you are on.
   
   1. Portfolio (Janice, Elsie, Deborah & Sallie) Deborah discussed goals, calendar, expectations of members.
   2. New Members (Toni, Gretchen, Nancy & Preston): Discussion of goals, need to re-convene.
   3. Scholarship and Fund-Raising: (Ike, Greg, Zandra, Tabitha, Gay & Sallie) Need to re-convene. Scholarship and Fund-Raising have been combined into one committee.
   4. Real-Estate (Gretchen, Janice & Greg): Need to re-convene.
   5. By-Laws (Renee, Greg, Gretchen and Lee): Need to re-convene.
   6. Education (Renee & Greg): Homework review, and new assignment.
   7. Audit (Lee): Not present.

8. NEW BUSINESS:
   
   1. New Membership/Criteria/Visitation; (3) persons are interested in joining our club. Presently we have (2) spots open, 13 members and (2) on leave. Voted unanimously to open the club up to possible new members.
   2. Update Business Certificate – need to update, remove old members and add new members.
   3. We need to buy some stocks!! Lowe’s was discussed to purchase. Decided 50 shares of Loews to be purchased.
   4. Anniversary is coming up, thoughts to celebrate our 3rd year!

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