Delivering Results:

Baldrige Award Winners' Stock Survey


Date of      Whole Company                Stock Purchases     OCT. 3, 1994 CLOSE
Investment   Winner or Parent
             (Subsidiary Winner)       Price      $Invested    Price      $Value     %Change

4/4/88       Motorola                  11 1/8       $1,000     52 5/8     $4,730     373.0
4/4/88       Westinghouse (CNFD)       25 9/16       1,000     12 7/8        504     -49.6
4/3/89       Xerox (Business           60 1/4        1,000    106          1,759      75.9
             Products and Systems)
4/2/90       General Motors            45 1/2        1,000     45 1/4      1,016       1.6
             (Cadillac Motor Car
             Division)
4/2/90       Federal Express           55 3/8        1,000     61 1/4      1,106      10.6
4/2/90       IBM (IBM Rochester)      105 7/8        1,000     68 7/8        651     -34.9
4/1/91       Solectron                  4 3/16**     1,000     26 1/4      6,269     526.9
11/11/93     Zytec                     10 7/8        1,000     11 1/4      1,084       8.4
4/1/92       AT&T (Universal           40 3/8        1,000     53 3/8      1,322      32.2
             Card Services)
4/1/92       AT&T (Transmission        40 3/8        1,000     53 3/8      1,322      32.2
             Sys. Bus. Unit)
4/1/92       Texas Instruments         32            1,000     66 1/8      2,068     106.8
             (Defense Sys. &
             Elec. Group)
1/4/94       Eastman Chemical          45 1/4        1,000     53 5/8      1,185      18.5

TOTALS    S&P 500                                   12,000                15,911      32.6

          Baldrige Award Companies                  12,000                23,016      91.8

*Adjusted for 2 for 1 stock split after investment date

** Adjusted for two separate stock splits of 2 for 1 after investment date