Carnival Corp.

CCL-N

(Was a top pick on Dec 14 no change) No movement becauseuse of higher fuel costs and launching of 4 new ships. Now raising prices and are booked through 2001. Rival Premier Cruise has gone bankrupt.

Bullet proof portfolio-large caps (40%)

Dropped because of fuel costs, but oil $ dropping and a competitor went out of business opening up 18% more market share

Getting good market share since a competitor went under