Here is the latest email Club portfolio update from Switzerland.

Eclub advisor Andy Kaegi continues his regular portfolio update. For more information you can contact Andy direct at akaegi@bpcs.ch

Date: June 28, 2001 Possibilities in the markets

We update this paper at irregular short term intervals based upon our internal buy and watchlists and make it available to interested parties by email. These comments are for informative purposes only. They do not cover all of our active positions but reflect only a small part of our investment strategy and BPCS may or may not engage in the actions described below. Because of individual client requirement readers should always take individual advice from a professional advisor before making investments.

		USA		Portfoliopositions:	possible action:		DuPont			Take profit at 49		Novell			Consider between 3.5 and 4.5; take profit above 5.5		Radioshack		Bought, new accounts can still consider around 26		Oracle			Take profit as from 20		Western Digital		Take profit as from 4		Limited			Bought, new accounts can still consider around 15		Iomega			In case of new drop add below 1.80		At Home			In case of new drop add below 1.85				Watchpositions:		possible action:		Host Marriott		Consider around 12		Honeywell 		Consider around 33

		Europe		Portfoliopositions:	possible action:		Metro			Add at 41		Thyssen Krupp		Add below 15		EVN			Sell around 40 - 42		Wienerberger Baust.	Take profit at 22; new purchase at 19 still recommended

		Switzerland		Portfoliopsitions:	possible action:		Swissair 		Hold; possibly add well below 100		Cos			Add between 70 and 75		UBS Sima Real Estate	Add around 230		ABB			Still add below 24

		Watchpositions:		possible action:		Von Roll		Speculative, consider below 10 		Batigroup		Consider around 25		Bon Appetit		Consider below 780		Geberit			Consider between 390 - 395

		Alternatives		Portfoliopositions:	possible action:		Venture Cap. Basket II	Add around 52 (Sec.Nbr. 1180222)		World Gold Certificate	Still consider for portfolio diversification (Sec.Nbr. 1242158)