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                          A P P E N D I X   A 

               A N S W E R S   T O   F R E Q U E N T L Y 
                     A S K E D   Q U E S T I O N S 


Q.   What is a portfolio?  
A.   A  portfolio  is  any  set  of  assets  and liabilities which fit 
     logically  into a group or category.  For instance, an individual 
     may  wish  to  separate his or her taxable, tax deferred and non-
     taxable  assets  into  separate portfolios.  In addition, you may 
     wish  to separate your liquid assets (such as cash accounts) from 
     your  non-liquid  assets  (such as your house or long term CD's).  
     Portfolios  may  always  be combined for reporting purposes.  You 
     may have up to thirty portfolios in each portfolio data base.

Q.   What is a portfolio data base?  
A.   The  OWL Personal Portfolio Manager defines a portfolio data base 
     as  that  group  of seven interrelated files which are created by 
     program  OINIT and maintained by programs OPPM and OPURGE.  While
     you  may  have  many  portfolio  data  bases, each group of seven 
     files  forms  an  independent  data base which cannot be combined 
     with another data base.

Q.   When  I  enter share prices with fractions the program prints the 
     price  in  decimal  format  which  is  not  exactly  equal to the 
     fractional amount.  Does this inaccuracy affect my results?
A.   No,  values  are  stored  by  the  program with a precision of 12 
     digits.   Values  are  rounded  to  the nearest whole cent or one 
     hundredth share only for display purposes.

Q.   When  I  run  a  report  on  several  different  portfolios which 
     contain  the  same  security  I get different recent price values 
     for the same security in each portfolio.  What's wrong?
A.   When  determining  the  most recent price, the system first looks 
     for  a price history record.  If you have not created one it then 
     uses  the  purchase  price  of  your most recent purchase of that 
     security  in  each  portfolio.   To  correct this, simply use the 
     UPDATE  PRICE  HISTORY  option  to  create and maintain a history 
     record for the security.

Q.   How do I get printed copies of graphs and charts?  
A.   You  can  get printed copies of graphs and charts produced by the 
     OWL  Personal  Portfolio Manager if you have a dot matrix printer 
     with  graphics  capabilities.   Before you run program OPPM, load 
     the  DOS  graphics library into your system by typing the command 
     "GRAPHICS".   When you want to print a displayed graph, press the 
     Shift-Prtsc keys.

Q.   What should I do when I get an I/O error?  
A.   If  the I/O error is F2, then the OPPM system is calling for more 
     files  then  your  system  configuration  allows.   This  may  be 
     corrected  by  inserting the line "FILES = 16" in your CONFIG.SYS 
     file.   Consult your DOS manual for instructions on how to create 
     
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     and  edit  the  CONFIG.SYS  file.  Other I/O errors indicate disk 
     failure  and  should be correctable by restoring your backup data 
     files.

Q.   How do I enter ticker symbols?
A.   Most  ticker symbols consist of from 1 to 5 capital letters which 
     uniquely  identify  an  exchange  listed  security eg(ATT).  Some 
     common  stocks  are  issued  in  different  classes.   These  are 
     identified  by  the 1 to 5 letter symbol followed by a period and 
     the  class  letter  eg(ATT.B).   In the case of preferred stocks, 
     the  symbol  is  followed  by  a blank space and the letters "Pr" 
     which  may  be  followed  by  another  blank and a capital letter 
     which  identifies  the  issue or class of the stock eg(ATT Pr B).  
     When  you  enter  the  ticker  symbol  the  system  automatically 
     capitalizes  the  appropriate  letters eg(if you enter "att pr b" 
     the  system  will  return  "ATT Pr B").  Be aware that the system 
     will  not automatically correct the reverse by decapitalizing the 
     "R" in Pr when you enter it as a capital letter.