Hypothetical Composite Ratings
	Local	Compared to
	Currency	Global Style	Regional Market
Cash
UNITED STATES	Add	Sell	Reduce
JAPAN	Buy	Hold	Reduce
UNITED KINGDOM	Buy	Add	Hold
EUROPE EX UK	Add	Hold	Reduce
EUROPE	Add	Add	Reduce
WORLD	Add	-	Reduce
Domestic Bonds
UNITED STATES	Reduce	Sell	Reduce
JAPAN	Hold	Sell	Add
UNITED KINGDOM	Buy	Sell	Hold
EUROPE EX UK	Add	Reduce	Reduce
EUROPE	Add	Reduce	Reduce
WORLD	Reduce	-	Reduce
Foreign Bonds
UNITED STATES	Add	Add	Reduce
JAPAN	Reduce	Add	Reduce
UNITED KINGDOM	Add	-	Reduce
EUROPE EX UK	Reduce	Reduce	Reduce
EUROPE	Reduce	Sell	Reduce
WORLD	-	-	-
Foreign Shares
UNITED STATES	Buy	Buy	Add
JAPAN	Reduce	Sell	Sell
UNITED KINGDOM	Buy	-	Add
EUROPE EX UK	Hold	Reduce	Sell
EUROPE	Hold	Reduce	Sell
WORLD	-	-	-
Domestic Shares
UNITED STATES	Reduce	Sell	Sell
JAPAN	Buy	Hold	Add
UNITED KINGDOM	Hold	Buy	Add
EUROPE EX UK	Add	Reduce	Sell
EUROPE	Buy	Hold	Add
WORLD	Buy	-	Add
Real Estate
UNITED STATES	Buy	Hold	Add
JAPAN	Hold	Hold	Buy
UNITED KINGDOM	Hold	Buy	Add
EUROPE EX UK	Hold	Add	Sell
EUROPE	Add	Add	Sell
WORLD	Add	-	Add
All Assets
UNITED STATES	Add	Reduce	-
JAPAN	Buy	Reduce	-
UNITED KINGDOM	Hold	Add	-
EUROPE EX UK	Reduce	Add	-
EUROPE	Hold	Add	-
WORLD	Hold	-	-
Copyright © 1999 Professional Investment Tools Ltd., An Independent Financial Adviser. Authorised by the Financial Services Authority. Please read Financial Health Warning and Licence Agreement. UK laws apply exclusively. Principal sources: Consensus Economics, Corel Corp., FIBV, Global Financial Data, PIT, national governments and stock exchanges. Information and opinions are based on sources believed to be reliable and accurate. However PIT does not guarantee this to be the case, and does not accept liability for any loss arising. These tables are for information only and do not constitute a solicitation to deal in any securities. Opinions are liable to change. Past performance is no guarantee of future success.