Notice to Members 97-61

SOES Tier Size Levels Set To Change October 1, 1997

Published Date:

SUGGESTED ROUTING

Legal & Compliance
Operations
Systems
Trading


Executive Summary

Effective October 1, 1997, tier sizes for 537 Nasdaq National Market® securities will be revised in accordance with NASD®Rule 4710(g).

For more information, please contact Nasdaq® Market Operations at (203) 378-0284.

Description

Under Rule 4710, the maximum Small Order Execution SystemSM (SOESSM) order size for a Nasdaq National Market security is 1,000, 500, or 200 shares depending on the trading characteristics of the security. The Nasdaq Workstation IITM indicates the maximum SOES order size for each Nasdaq National Market security in its bid/offer quotation display. The indicator "NM10," "NM5," or "NM2" is displayed to the right of the security name, corresponding to a maximum SOES order size of 1,000, 500, or 200 shares, respectively.

The criteria for establishing SOES tier sizes are as follows:

  • A 1,000-share tier size was applied to those Nasdaq National Market securities that had an average daily non-block volume of 3,000 shares or more a day, a bid price that was less than or equal to $100, and three or more market makers.


  • A 500-share tier size was applied to those Nasdaq National Market securities that had an average daily nonblock volume of 1,000 shares or more a day, a bid price that was less than or equal to $150, and two or more market makers.


  • A 200-share tier size was applied to those Nasdaq National Market securities that had an average daily nonblock volume of less than 1,000 shares a day, a bid price that was less than or equal to $250, and less than two market makers.


    • In accordance with Rule 4710, Nasdaq periodically reviews the SOES tier size applicable to each Nasdaq National Market security to determine if the trading characteristics of the issue have changed so as to warrant a tier size adjustment. Such a review was conducted using data as of June 30, 1997, pursuant to the aforementioned standards. The SOES tier-size changes called for by this review are being implemented with three exceptions.

  • First, issues were not permitted to move more than one tier-size level. For example, if an issue was previously categorized in the 1,000-share tier, it would not be permitted to move to the 200-share tier, even if the formula calculated that such a move was warranted. The issue could move only one level to the 500-share tier as a result of any single review. In adopting this policy, the NASD was attempting to maintain adequate public investor access to the market for issues in which the tier-size level decreased and to help ensure the ongoing participation of market makers in SOES for issues in which the tier-size level increased.


  • Second, for securities priced below $1 where the reranking called for a reduction in tier size, the tier size was not reduced.


  • Third, for the top 50 Nasdaq securities based on market capitalization, the SOES tier sizes were not reduced regardless of whether the reranking called for a tier-size reduction.


    • In addition, with respect to initial public offerings (IPOs), the SOES tier-size reranking procedures provide that a security must first be traded on Nasdaq for at least 45 days before it is eligible to be reclassified.

    Thus, IPOs listed on Nasdaq within the 45 days prior to June 30, 1997, were not subjected to the SOES tier size review.

Following is a listing of the 537 Nasdaq National Market issues that will require a SOES tier-level change on October 1, 1997.

Nasdaq National Market SOES Tier-Size Changes
All Issues In Alphabetical Order By Security Name
(Effective October 1, 1997)
Symbol Company Name Old Tier Level New Tier Level
A
AAII APPLIED ANALYTICAL 500 1000
AANB ABIGAIL ADAMS NATL 500 1000
AASI ADVANCED AERO CL A 500 1000
AASIW ADVANCED AERO WT A 500 1000
ABFI AMERICAN BUS FIN SVC 500 1000
ABFSP ARKANSAS BEST CV PFD 500 1000
ACCB ACCESS BEYOND INC 500 1000
ACCL ACCELGRAPHICS INC 200 500
ACLE ACCEL INTL CP 1000 500
ACLR ACCENT COLOR SCIENCE 500 1000
ACLY ACCELER8 TECH CORP 500 1000
ADECY ADECCO SA ADR 200 500
AFCX A F C CABLE SYS INC 500 1000
AFED AFSALA BANCORP INC 1000 500
AGTX APPLIED GRAPHICS TEC 500 1000
AHEPZ AMER HEALTH DEP SHRS 1000 500
AHLS A H L SERVCES INC >#/td> 200 500
ALLE ALLEGIANT BNCP INC 200 500
ALRI ALLERGAN LIGAND RET 200 500
AMBC AMER BNCP OHIO 500 200
AMIE AMBASSADORS INTL INC 1000 500
AMPI AMPLICON INC 500 200
AMRS AMERUS LIFE HLDGS 500 1000
AMSN AMSCAN HLDGS INC 500 1000
AMTD AMERITRADE HLDG A >#/td> 200 500
AMZN AMAZON.COM INC 200 500
ANDR ANDERSEN GROUP INC 200 500
APEX APEX PC SOLUTIONS 200 500
AREA AREA BANCSHARES CP 200 500
ARGL ARGYLE TELEVISION A 500 1000
ARSD ARABIAN SHIELD DEV 500 1000
ARTW ART S WAY MFG CO INC 200 500
ASBP A S B FINANCIAL CP 1000 500
ASFN ALLSTATE FINL CP 1000 500
ASIGF ANSALDO SIGNAL NV 500 1000
ASIS ASI SOLUTIONS INC 200 500
ASTM AASTROM BIOSCIENCES 500 1000
ATAC AFTERMARKET TECH CP 500 1000
ATLPA ATL PRODUCTS CL A 200 500
AXYS AXSYS TECHS INC 500 1000
B
BACU BACOU USA INC 500 1000
BANCP BBC CAPITAL TR I PFD 200 500
BCGA BANK CORP OF GEORGIA 500 200
BCIS BANCINSURANCE CP 1000 500
BCORY BIACORE INTL AB ADR 500 1000
BEAS B E A SYSTEMS INC 200 500
BEXP BRIGHAM EXPLORATION 200 500
BFEN B F ENTERPRISES INC 500 200
BFFC BIG FOOT FIN CORP 500 1000
BGAS BERKSHIRE GAS CO 1000 500
BGSS B G S SYSTEMS INC 500 1000
BHIKF B H I CORP 500 1000
BINX BIONX IMPLANTS INC 200 500
BKCT BANCORP CONN INC 500 1000
BKLA BANK OF LOS ANGELES 500 1000
BKNG BANKNORTH GP INC 500 1000
BKUNO BANKUNITED FIN PFD 200 500
BLCI BROOKDALE LIVING COM 200 500
BLSC BIO LOGIC SYS CP 500 1000
BMAN BIRMAN MANAGED CARE 500 1000
BMCCP BANDO MCGLOC PFD A 500 200
BONEO BANC ONE CP PFD C 1000 500
BORAY BORAL LTD ADS 500 200
BOTX BONTEX INC 500 200
BOXXA BOX ENERGY CP CL A 200 500
BOYD BOYD BROS TRANS INC 500 1000
BPOPP POPULAR INC PFD A 500 1000
BRZS BRAZOS SPORTSWEAR 1000 500
BSTE BIOSITE DIAGNOSTIC 500 1000
BTEK BALTEK CP 200 500
BTIC BRUNSWICK TECHS INC 500 1000
BTRN BIOTRANSPLANT INC 500 200
BWLN BOWLIN OUTDOOR ADVER 500 1000
C
CAFI CAMCO FINANCIAL CP 1000 500
CALM CAL-MAINE FOODS INC 500 1000
CANX CANNON EXPRESS INC 200 500
CAPS CAPITAL SAV BNCP INC 500 1000
CARD CARDINAL BSCHS INC 500 1000
CASS CASS COMMERCIAL CORP 200 500
CBBI C B BANCSHARES INC 500 1000
CBCG C B COMM REAL ESTATE 500 1000
CBHI C BREWER HOMES INC A 1000 500
CBMD COLUMBIA BANCORP MD 1000 500
CBSL COMPLETE BUSINESS 200 500
CCBC CALIFORNIA COMM BCSH 200 500
CDEN COAST DENTAL SVCS 500 1000
CDIR CONCEPTS DIRECT INC 500 200
CDWN COLONIAL DOWNS CL A 200 500
CENI CONESTOGA ENTRPR INC 500 1000
CERS CERUS CORP 500 1000
CFAC CENTRAL FIN ACCEPT 500 1000
CFIC COMMUNITY FIN CP 1000 500
CFIN CONSUMERS FIN CP 200 500
CFINP CONSUMERS FIN CP PFD 200 500
CFNC CAROLINA FINCORP INC 500 1000
CHCO CITY HOLDING CO 1000 500
CINS CIRCLE INCOME SHARES 1000 500
CLNPP CALLON PETRO PFD A 500 200
CLTDF COMPUTALOG LTD 500 200
CLTR COULTER PHARM INC 500 1000
CMDAW CAM DESIGNS INC WTS 500 200
CMSS CREDIT MGMT SOLU 500 1000
CNBA CHESTER BANCORP INC 1000 500
CNBC CENTER BANCORP INC 200 500
CNBF C N B FINANCIAL CP 500 200
CNBI C N BIOSCIENCES INC 500 1000
COBI COBANCORP INC 500 1000
COLTY C O L T TELECOM ADR 500 1000
COSC COSMETIC CENTER CL C 200 500
COSE COSTILLA ENERGY INC 500 1000
COVB COVEST BANCSHARES 1000 500
CPLNY CONCORDIA PAPER ADS 200 500
CRBO CARBO CERAMICS INC 500 1000
CRESY CRESUD SACIF ADR 200 500
CRYSF CRYSTAL SYSTEMS SOL 500 1000
CTBIP CTBI PFD CAP TRUST 200 500
CTIC CELL THERAPEUTICS # 200 500
CTRIS CLEVETRUST RLTY SBI 500 1000
CTWS CONN WATER SVCS INC 1000 500
CVTX C V THERAPEUTICS INC 500 1000
CWTR COLDWATER CREEK INC 500 1000
CYFN CENTURY FINANCIAL CP 200 500
D
DAHX DECRANE AIRCRAFT 200 500
DAOU D A O U SYSTEMS INC 500 1000
DARL DARLING INTL INC 500 200
DATX DATA TRANSLATION 500 1000
DAVE FAMOUS DAVES OF AMER 500 1000
DCBI DELPHOS CITIZENS BCP 500 1000
DCRNW DIACRIN INC WT 1000 500
DEVC DEVCON INTL CP 1000 500
DGIC DONEGAL GROUP INC 1000 500
DIGL DIGITAL LIGHTWAVE 500 1000
DITI DIATIDE INC 500 1000
DLIA DELIA*S INC 500 1000
DLTK DELTEK SYSTEMS INC 200 500
DMAR DATAMARINE INTL INC 1000 500
DNCC DUNN COMPUTER CORP 200 500
DOCDF DOCDATA NV 200 500
DTAM DATAMARK HOLDING INC 500 1000
DTMC D T M CORP 200 500
DTPI DIAMOND TECH PTNRS 200 500
DXCPP DYNEX CAPITAL PFD A 1000 500
E
EACO E A ENGRG SCI TECH 1000 500
EAII ENGINEERING ANMTN 500 1000
ECSGY ECSOFT GROUP PLC ADR 500 1000
ECSI ENDOCARDIAL SOLUTION 200 500
EDCO EDISON CONTROL CP 200 500
EDMD EDUCATIONAL MEDICAL 500 1000
EDSE E S E L C O INC 500 200
EEFT EURONET SVCS INC 200 500
EFBC EMPIRE FED BANCORP 500 1000
EGLB EAGLE BANCGROUP INC 1000 500
EIDSY EIDOS PLC ADR 500 1000
EIRE EMERALD ISLE BANCORP 1000 500
ELET ELLETT BROTHERS INC 500 1000
ELGT ELECTRIC & GAS TECH 500 1000
ELNK EARTHLINK NETWORK 500 1000
ELTKF E L T E K LTD 500 1000
ELXS E L X S I CP 500 1000
EMITF ELBIT MED IMAGING 500 1000
EMKR EMCORE CORP 200 500
EMSI EFFECTIVE MGMT SYS 1000 500
ENMC ENCORE MEDICAL CORP 200 500
ENMCW ENCORE MEDICAL CP WT 200 500
ENSR ENSTAR INC 200 500
ENTS PHYSICIANS SPECIALTY 200 500
EPEX EDGE PETROLEUM CP # 200 500
EPTO EPITOPE INC 500 1000
ERGB ERGOBILT INC 500 1000
ESCA ESCALADE INC 1000 500
ESLTF ELBIT SYSTEMS LTD 500 1000
ESPRY ESPRIT TELECOM ADR 200 500
EVAN EVANS INC 500 1000
EXAC EXACTECH INC 1000 500
F
FARM FARMER BROTHERS CO 200 500
FATS FIREARMS TRAINING 500 1000
FAVS FIRST AVIATION SVCS 200 500
FBAYF FRISCO BAY INDUS 1000 500
FBCG FIRST BKG CO SE GA 200 500
FBCI FIDELITY BANCORP DEL 1000 500
FBNC FIRST BANCP TROY NC 500 200
FBNKO FIRST PFD CAP TR PFD 500 1000
FCBF F C B FINANCIAL CP 500 1000
FCNCA FIRST CITIZENS CL A 1000 500
FCPY FACTORY CARD OUTLET 500 1000
FFED FIDELITY FED BNCP 1000 500
FFHH FSF FINANCIAL CP 1000 500
FFIN FIRST FINL BKSHS INC 500 1000
FFLC FFLC BNCP INC 1000 500
FIFS FIRST INV FIN SVC GP 1000 500
FKFS FIRST KEYSTONE FIN 1000 500
FLCHF FLETCHER'S FINE FOOD 500 200
FLGS FLAGSTAR BANCORP # 200 500
FLYAF C H C HELICO CL A 500 200
FMAR FIRST MARINER BNCP 500 1000
FOBBA FIRST OAK BROOK CL A 500 1000
FOBC FED ONE BANCORP INC 1000 500
FORR FORRESTER RESEARCH 500 1000
FOUR FOUR MEDIA COMPANY 500 1000
FPBN F P BANCORP INC 1000 500
FREEY FREEPAGES GR PLC ADR 200 500
FRME FIRST MERCHANTS CP 1000 500
FRPP F R P PROPERTIES INC 500 200
FSBI FIDELITY BANCORP INC 500 200
FSBIP FB CAPITAL TR PFD 200 500
FSBT FIRST STATE CP 200 500
FSFH FIRST SIERRA FIN INC 200 500
FSNJ FIRST SAV BK OF NJ 1000 500
FSTC FIRST CITIZENS CORP 200 500
FTCG FIRST COLONIAL GP 500 200
FTFN FIRST FIN CP (RI) 1000 500
FTMTF FANTOM TECHS INC 1000 500
FVHI FIRST VIRTUAL HLDGS 500 1000
FWRX FIELDWORKS INC 200 500
G
GBBK GREATER BAY BANCORP 1000 500
GBBKP GBB CAP I CUM TR PFD 200 500
GBCI GLACIER BANCORP 500 1000
GEOC GEOTEL COMMUN CP 500 1000
GETTY GETTY COMMUN ADR 500 1000
GFCO GLENWAY FIN CP 500 200
GFED GUARANTY FED SAV BK 500 1000
GFNL GRANITE FINANCIAL 1000 500
GGEN GALAGEN INC 500 1000
GIFI GULF ISLAND FABRIC 200 500
GLDB GOLD BANC CORP INC 500 1000
GLTB GOLETA NATL BANK 500 200
GMCC GEN MAGNAPLATE CP 500 200
GMRK GULFMARK OFFSHORE 200 500
GNCNF GORAN CAPITAL INC 1000 500
GRERF GREENSTONE RESOURCES 500 1000
GRLL ROADHOUSE GRILL INC 500 1000
GSBI GRANITE STATE BKSHS 500 1000
GSLA G S FINANCIAL CP 200 500
GSLC GUARANTY FIN CP 1000 500
GTPS GREAT AMER BNCP INC 1000 500
GTRC GUITAR CENTER INC 200 500
H
HABK HAMILTON BANCORP INC 200 500
HACH HACH CO 500 1000
HCBB HCB BANCSHARES INC 200 500
HCCO HECTOR COMMUN CP 500 1000
HCFP HEALTHCARE FIN PTRS 500 1000
HECHB HECHINGER CO CL B 500 1000
HELI HELISYS INC 1000 500
HFFB HARRODSBURG FIRST 500 200
HFGI HARRINGTON FIN GRP 500 1000
HIFS HINGHAM INSTI SAVING 200 500
HIHOF HIGHWAY HLDGS LTD 500 1000
HMII H M I INDUSTRIES INC 1000 500
HMLD HOMELAND HLDG CORP 200 500
HMLK HEMLOCK FED FIN CORP 200 500
HPSC H P S C INC 1000 500
HYDEB HYDE ATHLETIC INDS B 500 1000
I
IATA IAT MULTIMEDIA # 200 500
ICGX ICG COMMUNICATION # 200 500
ICIQ INTL COMPUTEX INC 200 500
ILABY INSTRUMENTATION ADR 1000 500
ILOGY I L O G ADR 500 1000
ILXO I L E X ONCOLOGY INC 200 500
IMGXP NETWORK IMGNG CP PFD 500 1000
IMGXW NETWORK IMAGING WTS 500 1000
INDQB INTL DAIRY QUEEN B 500 200
INHO INDEPENDENCE HLDG CO 500 1000
INLD INLAND CASINO CP 200 500
IONAY IONA TECHS ADR # 200 500
IPSW IPSWICH SAV BK 1000 500
IQST INTELLIQUEST INFO GP 500 1000
ITCC ITC LEARNING CORP 500 1000
ITGR INTEGRITY INC 1000 500
ITIC INVESTORS TITLE CO 1000 500
IUBC INDIANA UNITED BNCP 500 200
IVBK INTERVISUAL BOOKS 1000 500
J
JEFFP J B I CAPITAL TR PFD 200 500
JLNY JENNA LANE INC # 200 500
JLNYW JENNA LANE INC WTS 200 500
JPEI J P E INC 500 1000
JRBK JAMES RIVER BKSHS 200 500
JUDG JUDGE GROUP INC 500 1000
K
KARR KARRINGTON HEALTH 500 1000
KAYE KAYE GROUP INC 200 500
KELL KELLSTROM INDS # 500 1000
KERA KERAVISION INC 500 1000
KEYB KEY FLORIDA BANCORP 200 500
KOSP KOS PHARMACEUTCL # 200 500
KOSS KOSS CP 1000 500
KPSQ KAPSON SNR QUARTERS 1000 500
KTCO KENAN TRANSPORT CO 500 200
KTEL K-TEL INTL INC 1000 500
KTIC KAYNAR TECHS INC 200 500
KTII K TRON INTL INC 1000 500
KWIC KENNEDY-WILSON INTL 200 500
L
LABL MULTI COLOR CP 1000 500
LACI LATIN AMER CASINOS 1000 500
LANV LANVISION SYS INC 500 1000
LARK LANDMARK BSCHS INC 500 200
LARS LARSCOM INC CL A 500 1000
LBFC LONG BEACH FIN CP # 200 500
LCLD LACLEDE STEEL CO 1000 500
LEPI LEADING EDGE PACKAGI 500 1000
LFED LEEDS FED SAV BANK 500 200
LHSG L H S GROUP INC 200 500
LIBHA LIBERTY HOMES INC A 500 200
LIND LINDBERG CP 1000 500
LION FIDELITY NATL CP 500 1000
LMTR LITHIA MOTORS INC 500 1000
LOFSY LONDON & OVERSEA ADR 500 200
LOGIY LOGITECH INTL ADR 200 500
M
MAHI MONARCH AVALON INC 500 200
MANC MANCHESTER EQUIP CO 500 1000
MAST MASTECH CORPORATION 500 1000
MAZL MAZEL STORES INC 500 1000
MBBC MONTEREY BAY BANCORP 1000 500
MBLF M B L A FINL CORP 200 500
MBNY MERCHANT N Y BNCP 500 1000
MCBS MID CONT BCSHS INC 1000 500
MCRI MONARCH CASINO 500 1000
MDLK MEDIALINK WORLDWIDE 500 1000
MDMD MEDIRISK INC 500 1000
MDSIF M D S I MOBILE DATA 500 1000
MEAD MEADE INSTRUMENTS 200 500
MFCX MARSHALLTOWN FIN CP 1000 500
MFFC MILTON FED FINL CP 1000 500
MGRC MCGRATH RENT CP 500 1000
MISI METRO INFO SVCS INC 500 1000
MMGR MEDICAL MGR CORP 500 1000
MRCF MARTIN COLOR-FI INC 1000 500
MSDX MASON-DIXON BCSHS 500 1000
MSEX MIDDLESEX WATER CO 500 1000
MSFTP MICROSOFT CV PFD # 500 1000
MTIX MICRO THERAPEUTICS 200 500
MUEL MUELLER PAUL CO 200 500
MVBI MISSISSIPPI VALLEY 500 1000
MVII MARK VII INC 1000 500
MVSIW M V S I INC WTS A 500 1000
MVSN MACROVISION CORP 200 500
MWAV M-WAVE INC 1000 500
MXBIF MFC BANCORP LTD 200 500
N
NACT NACT TELECOMM INC 200 500
NAFI NATIONAL AUTO FIN CP 500 1000
NAII NATURAL ALTERNATIVES 500 1000
NBSC NEW BRUNSWICK SCI CP 1000 500
NBSI NORTH BSCHS INC 500 200
NECSY NETCOM SYSTEMS ADR 500 1000
NEIB NORTHEAST IND BNCP 500 1000
NEXR NEXAR TECHS INC 200 500
NFLIW NUTRITION FOR LFE WT 500 1000
NGPSF NOVATEL INC 500 1000
NHCI NATL HOME CENTERS 1000 500
NHES NATL HLTH ENHANCE 500 1000
NICH NITCHES INC 1000 500
NMCOF NAMIBIAN MINERALS CP 200 500
NMGC NEOMAGIC CORP # 200 500
NMPS MATRITECH INC 500 1000
NMTXW NOVAMETRIX MED WTS A 200 500
NOLD NOLAND CO 500 200
NOVI NOVITRON INTL INC 1000 500
NOVT NOVOSTE CP 1000 500
NPSI NORTH PITTSBURGH SYS 500 1000
NRTI NOONEY REALTY TRUST 500 200
NSAI N S A INTL INC 1000 500
NSBC NEWSOUTH BANCORP INC 200 500
NSSX NATL SANITARY SUPPLY 500 200
NTEG INTEG INC 500 1000
NWSS NETWORK SIX INC 1000 500
NWTL NORTHWEST TELEPROD 500 1000
O
OAIC OCWEN ASSET INV CORP 200 500
OAKF OAK HILL FIN INC 200 500
OGGI OLD GUARD GROUP INC 200 500
OKSB SOUTHWEST BNCP INC 1000 500
OKSBP SOUTHWEST BNCP PFD A 200 500
OMQP OMNIQUIP INTL INC # 200 500
ONSL ONSALE INC 200 500
ORCI OPINION RESEARCH CP 1000 500
OSBC OLD SECOND BNCP INC 500 200
OVRL OVERLAND DATA INC 200 500
P
PACK GIBRALTAR PKG GP INC 1000 500
PALX PALEX INC 200 500
PAMX PANCHO S MEXICAN INC 1000 500
PATI PATIENT INFOSYSTEMS 500 1000
PBSF PACIFIC BANK NATL CA 1000 500
PECX PHOTOELECTRON CORP 500 1000
PEEK PEEKSKILL FIN CP 1000 500
PERM PERMANENT BNCP INC 500 1000
PFDC PEOPLES BANCORP 500 200
PFINA P F INDS INC A 1000 500
PHFC PITTSBURGH HOME FIN 1000 500
PHSYP PACIFICARE CV PFD 200 500
PLEN PLENUM PUBLISHING CP 1000 500
PLSS PEERLESS GROUP INC 500 1000
PMCO PROMEDCO MGMT CO 200 500
PMFG PEERLESS MFG CO 1000 500
PRBC PRESTIGE BNCP INC 1000 500
PRCM PROCOM TECH INC 500 1000
PRGN PEREGRINE SYSTEMS 200 500
PRLX PARLEX CP 500 1000
PRMX PRIMEX TECHS INC 500 1000
PRWW PREMIER RESEARCH 500 1000
PSFC PEOPLES-SIDNEY FIN 200 500
PSFI PS FINANCIAL INC 500 1000
PSNRY P T PASIFIK SATL ADR 1000 500
PUMA PUMA TECHNOLOGY INC 500 1000
PVSA PARKVALE FINL CP 1000 500
PWAV POWERWAVE TECHS INC 500 1000
PWBC PENNFIRST BNCP INC 500 1000
PXXI PROPHET 21 INC 1000 500
Q
QCFB Q C F BANCORP INC 500 200
QLIX QUALIX GROUP INC 500 1000
R
RADS RADIANT SYSTEMS INC 500 1000
RANGY RANDGOLD & EXPL ADR 200 500
RAVE RANKIN AUTO GP 500 1000
RESR RESEARCH INC 500 1000
REXW REXWORKS INC 500 1000
RHEM RHEOMETRIC SCIENTIFI 1000 500
RHOM THE ROTTLUND CO 1000 500
RLCO REALCO INC 1000 500
RLLYW RALLY'S HAMBURGER WT 1000 500
RMBS RAMBUS INC 200 500
RSLN ROSLYN BANCORP ## 500 1000
RWAV ROGUE WAVE SOFTWARE 500 1000
S
SAESY SAES GETTERS ADR 1000 500
SAGE SAGEBRUSH INC 1000 500
SBGA SUMMIT BANK CORP 500 200
SCNI SPECIALTY CARE NETWK 500 1000
SDIX STRATEGIC DIAGNOSTIC 1000 500
SEAM SEAMAN FURNITURE CO 200 500
SELAY SELECT APPT PLC ADR 500 1000
SEMCF SEMI-TECH CP VTG A 500 1000
SEMD EA M E D CORPS 500 1000
SENEA SENECA FOODS CP A 500 200
SENEB SENECA FOODS CP B 500 200
SFFB SOUTHERN FIN BNCP 200 500
SFSI SEARCH FIN SVCS 200 500
SFSIP SEARCH FIN SVCS PFD 200 500
SFXBW SFX BROADCASTING WTS 500 200
SGNS SIGNATURE INNS INC 500 200
SGNSP SIGNATURE INNS PFD A 500 1000
SGVB S G V BANCORP INC 1000 500
SJNB S J N B FINANCIAL CP 1000 500
SKYM SKYMALL INC 500 1000
SLGN SILGAN HOLDINGS ## 500 1000
SMCO SIMPSON MFG CO 500 1000
SMCX SPECIAL METALS CP ## 200 500
SMIN SOUTHERN MINERAL CP 500 1000
SNBCP SUN CAPITAL TR PFD 200 500
SNHY SUN HYDRAULICS CORP 500 1000
SOLLY DR SOLOMON'S GRP ADR 500 1000
SPAN SPAN AMERICA MED SYS 1000 500
SPIR SPIRE CP 500 1000
SRCEO 1ST SOURCE CAP II PF 200 500
SRCEP 1ST SOURCE CAP I PFD 200 500
STCR STARCRAFT CORP 1000 500
STDM STORAGE DIMENSIONS 200 500
STLD STEEL DYNAMICS ## 500 1000
STSAP STERLING FIN CP PFD 500 1000
STUA STUART ENTERTAINMENT 1000 500
STYL STYLING TECH CORP 500 1000
SUBI SUN BANCORP INC 200 500
SUBK SUFFOLK BNCP 1000 500
SUMX SUMMA INDUSTRIES INC 500 1000
SUNH SUNDANCE HOMES INC 1000 500
SVECF SCANVEC CO 1990 LTD 500 200
SVRNP SOVEREIGN BNCP PFD B 1000 500
SWBT SOUTHWEST BANCP TX 500 1000
T
TBCOL TRIATHALON BD DEP SH 200 500
TCCO TECHNICAL COMMUN CP 1000 500
TCII T C I INTL INC 1000 500
TCOMP TELE COMMUN PFD B 200 500
TCPS TOTAL CONTROL PROD 200 500
TDDDF 3DLABS INC LTD 500 1000
TDHC HERMADYNE HLDGS CPT 500 1000
TDXT 3DX TECHNOLOGIES INC 500 1000
TESOF TESCO CORP 500 1000
TEXP TITAN EXPLORATION 500 1000
THNK T H I N K NEW IDEAS 500 1000
THRNY THORN PLC ADR NEW 500 200
TKTM TICKETMASTER GROUP 500 1000
TMAM T E A M AMERICA CORP 500 1000
TMMC TALBERT MED MGMT 200 500
TMPW T M P WORLDWIDE INC 500 1000
TPACP TCI PAC COM PFD ## 1000 500
TPMI PERSONNEL MGMT INC 1000 500
TRCW TRANSCOR WASTE SERV 1000 500
TRGI TRIDENT ROWAN GROUP 200 500
TRII TRANSCRYPT INTL INC 500 1000
TSATA TCI SAT ENT SER A ## 500 1000
TSMAF TESMA INTL INC A 500 200
TTILF T T I TEAM TELECOM 500 1000
U
UBCD UNIONBANCORP INC 500 1000
UBMT UNITED FINANCIAL CP 500 1000
UBSH UNION BANKSHARES CP 200 500
UFCS UNITED FIRE CASUALTY 500 1000
UFPT U F P TECH INC 1000 500
UNDG UNIDIGITAL INC 500 200
UOLP U O L PUBLISHING INC 500 1000
UPCPO UNION PLANTERS PFD E 1000 500
UPEN UPPER PENINSULA ERGY 500 1000
UROH UROHEALTH SYSTEMS 500 1000
USCS U S C S INTL INC 500 1000
USML UNIVERSAL STD MED 1000 500
USPH U S PHYSICAL THERAPY 1000 500
UTVI UNITED TELEVISION 500 1000
V
VDIM V D I MEDIA 200 500
VDRY VACU DRY CO 200 500
VENT VENTURIAN CP 500 200
VERS VERSATILITY INC 500 1000
VGCOW VIRGINIA GAS WTS 500 200
VLCCF KNIGHTSBRIDGE TANKER 500 1000
VNGI VALLEY NATL GASES 200 500
VPHM VIROPHARMA INC 500 1000
VRSA VERSA TECH INC 500 1000
VSAT VIASAT INC 500 1000
VSEC V S E CP 200 500
VSTN VISTANA INC 200 500
VTEK VODAVI TECHNOLOGY 500 1000
VTRAO VBC CAPITAL I CAP 200 500
VVID VIVID TECHS INC 500 1000
W
WALBP WALBRO CAP TR CV PFD 500 1000
WAMUM WASHINGTON MUT PFD E 1000 500
WAVR WAVERLY INC 500 1000
WCBI WESTCO BANCORP 1000 500
WEFC WELLS FINANCIAL CP 1000 500
WEYS WEYCO GP INC 500 200
WFSG V WILSHIRE FIN SVCS GR 500 V
WGOV WOODWARD GOVERNOR CO 500 1000
WHEL WHEELS SPORTS GROUP 200 500
WHELW WHEELS SPORTS GR WTS 200 500
WINEB CANANDAIGUA WINE B 200 500
WJCO WESLEY JESSEN VISION 500 1000
WTFC WINTRUST FIN CORP 200 500
WTRS WATERS INSTRUMENTS 200 500
WTSC WEST TELESERVICES CP 500 1000
Y
YURI YURIE SYSTEMS INC ## 500 1000
Z
ZING ZING TECHS INC 1000 500
ZION ZIONS BANCORP ## 500 1000
ZNDTY ZINDART LTD ADR 200 500
ZOMX ZOMAX OPTICAL MEDIA 1000 500
ZONA ZONAGEN INC ## 200 500
ZSEV Z SEVEN FUND INC THE 500 200