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INTRODUCTION and DISCLOSURE

Russ Klein, editor, was a former Acct. Exec. with a Milwaukee, WI broker; a small cap analyst with an OTC firm in Florida; a Registered Investment Advisor from 1981 to 1991 publishing "Russ Reports" and now devotes full time to "Russ Reports" but no longer as Reg. Inv. Advisor.

Russ was first to call Bull Market in May 1982;
told subscribers to sell prior to October 1987;
ranked # 13 in the country in 1987 by "Security Traders Handbook" and recently rated "Best Report" by "Security Traders Handbook".

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The information contained in "Russ Reports" is based on sources which I believe reliable but not guaranteed and is not considered all inclusive. This firm, individual officers or members of families may have positions in securities mentioned and may make purchases or sales of securities in open market or otherwise.

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Russ Reports Sept.'99

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