The Major Market Index is designed to measure the performance of the blue-chip sector of the market. The index is based on 20 well-known stocks that represent a broad range of industries. It is an equally- weighted price index (also commonly called a 'price-weighted' index).

Developed by the American Stock Exchange, the Major Market Index is composed of the stocks of 20 leading blue-chip companies, 17 of which are also in the Dow Jones Industrial Average (DJIA). Since 198 1, the Index has shown an approximate 97% correlation with the bellwether DJIA and about a 96% correlation with the Standard & Poor's 500 Composite Stock Price Index (S&P 500). Of course, there is no guarantee that these correlations will continue.

Especially intriguing is the price relationship between XMI and the Dow. XMI will move approximately one point for every ten-point move in the Dow - an easy-to-follow, easy to-calculate 1: 10 relationship.

Index Components of the Major Market Index

American Express	General Motors

AT&T			IBM

Chevron			International Paper

Coca-Cola		Johnson & Johnson

Disney, Walt		McDonald's Corporation

Dow Chemical		Merck & Co.

Du Pont			Minnesota Mining & Mfg.

Eastman Kodak		Philip Morris

Exxon			Procter & Gamble

General Electric	Sears, Roebuck