March 4, 1999

     ELTON STEPHENS - INVESTMENT ADVISOR            Page 1

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     SPECIALIZING IN COMMON STOCKS - NYSE           P.O. BOX 476

     800-55-ELTON (35866) OR 219-291-3823           SOUTH BEND, IN 46624-0476 

     http://www.eltonstephens.com                              U.S.A. 

                               BLUE CHIP STOCKS

                               ISSN # 0896-4904

                 Blue Chip Stocks Buys for the month of ** February **

            The information given herein is taken from sources which we

      believe to be reliable, but which we in no way can guarantee.

      Name          Price    Div.  Yield  Earn. P.E.         Range        Buy

  Winn-Dixie St    43        1.02   2.4   1.08   40   59  3/8  - 28  5/8  2-1

  Cent'l Hud G & E 36  7/8   2.16   5.9   2.89   13   47  1/16 - 36  1/4  2-1 

  Universal Corp   27  7/8   1.20   4.3   3.84    7   49  1/2  - 26 15/16 2-1

  Bard CR          55  1/2    .76   1.4   4.51   12   58  1/8  - 32  7/16 2-3

  Fleetwood Ent    30  1/2    .72   2.4   3.10   10   48       - 25       2-10

  Air Prod & Chem  31  1/4    .68   2.2   2.35   13   45  5/16 - 29       2-13

  Procter & Gamb   91  1/8   1.14   1.3   2.63   35   94 13/16 - 65  1/8  2-15

  Colgate-Palm     93  1/2   1.10   1.2   2.51   37   98  7/8  - 65  1/16 2-15

  Clorox Comp     126  5/16  1.44   1.1   3.01   42  132 15/16 - 79  1/8  2-15

  Fannie Mae       66  3/4   1.08   1.6   3.26   20   76  3/16 - 49  9/16 2-25

  Archer Daniels   15         .20   1.3    .61   25   22  1/2  - 14  9/16 2-27

  WICOR Inc        20         .88   4.4   1.21   17   25  1/2  - 18  3/4  2-28

  Weis Markets     36  5/8   1.00   2.7   2.01   18   40  1/4  - 33  1/4  2-28

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