Archie's Corner

[jmhollen]

Key's McDonald Investments Announces 2002 Stock Picks

CLEVELAND, Jan 4, 2002 /PRNewswire via COMTEX/ -- McDonald Investments has
chosen 12 stocks that the firm expects to be among the top performers in 2002.
Available through the McDonald Investments annual Select Equity Trust, the
stocks represent industry sectors that include health care, financial services,
media and entertainment, and technology.

Among the top picks for 2002 are BJ's Wholesale Club (NYSE: BJ), Estee Lauder
Inc. (NYSE: EL), General Electric Company (NYSE: GE), JP Morgan Chase & Company
(NYSE: JPM) and Oracle Corporation* (Nasdaq: ORCL). Also on the list are
Cardinal Health Inc. (NYSE: CAH), Halliburton Company (NYSE: HAL), Lincoln
National Corporation (NYSE: LNC), MBNA Corporation (NYSE: KRB), Quest
Diagnostics (NYSE: DGX), Sanmina Corporation* (Nasdaq: SANM) and Viacom (NYSE:
VIAB). General Electric and Viacom are repeat performers from McDonald
Investments' 2001 list.

"With our stock selections, we concentrate on identifying leading companies with
strong or improving balance sheets; solid track records of earnings increases,
cash flow and dividends; and strong shareholder orientation," said John A.
Caldwell, McDonald Investments' first vice president, director of portfolio
strategies. "Additionally this year, we structured the list to participate in
the U.S.-led economic recovery by selecting some smaller companies whose
businesses are focused domestically."

McDonald Investments announced its 2002 picks during the company's 28th annual
Economic Forecast Program series, customer-focused luncheons held in 11 cities
nationwide during November and December.



Caldwell commented on the individual stock selections:

BJ's Wholesale Club: "With practically no debt on the balance sheet, an
excellent management team, exciting new growth opportunities and a proven
business model, BJ's is poised for excellent financial performance over the next
year."

Cardinal Health: "Cardinal's pharmaceutical and provider services segment is one
of the leading wholesale distributors of pharmaceutical and related health care
products ... Cardinal continues to post strong operating results, and its
long-term growth prospects remain good."

Estee Lauder: " ... what makes Estee Lauder unique is its product innovation,
geographical diversification, channels of distribution and product category
balance. The company also pursues strategic acquisitions and licensing
agreements to complement these internal growth initiatives."

General Electric: "GE has transformed itself from a manufacturer of industrial
equipment to a provider of a broad range of services as well ... Services
provide GE with a very predictable stream of revenues and us with a high degree
of confidence in our earnings expectations."

Halliburton: " ... one of the largest oilfield services companies in the world
... The recovering economy should help stabilize energy prices next year, and
the desire for more domestically produced energy sources bodes well for a market
leader like Halliburton."

JP Morgan Chase: " ... earnings prospects look better for 2002 and beyond as the
economy, and ultimately the company's business activity, strengthens ... the
current $6 billion share repurchase program, an attractive valuation and a
dividend yield of 3.5% will add to the stock's performance."

Lincoln National: " ... a holding company with operations in life insurance,
annuities and investment management, with a focus on the super- affluent ...
With an attractive relative valuation, an excellent niche market, a dividend
yield of nearly 2.5%, improving operations and positive industry trends, we feel
Lincoln's stock should outperform its peer group."

MBNA: "We expect solid growth as MBNA continues to take market share from
traditional credit card issuers. While loan delinquencies are a concern in a
slowing economy, the company has great credit quality, and we are confident of
MBNA's ability to manage through any tough times."

Oracle: "Core database and application sales are currently sluggish, but the new
product opportunities, along with a strong balance sheet, a proven management
team, expanding margins and the explosive growth of data, put Oracle in a strong
competitive position."

Quest Diagnostics: "Quest is the leader in the $35 billion domestic diagnostic
testing market ... (the company) is well positioned to take advantage of further
growth opportunities in the health care industry."

Sanmina: "The company is a leading electronics manufacturing services (EMS)
company ... We see this company benefiting from any sort of recovery in the
technology hardware industry, but also as more companies outsource more of their
manufacturing needs to the EMS industry."

Viacom: "(Viacom) should not be hurt dramatically by the current advertising
slowdown, given its strong foothold in the network TV, cable TV and radio
markets ... the ad spending environment (should) stabilize, if not begin to
improve, in 2002. Viacom is well positioned for healthy cash flow gains if this
proves to be the case."

In 2001, for only the second time, McDonald Investments' picks posted a negative
return, declining 9% but outperforming the market, which fell almost 12%. In the
last 12 years, McDonald stock selections have averaged a 16% gain, which
compares favorably with the 14% return of the Standard & Poor's 500 during the
same time frame.

For more information about the McDonald Investments Select Equity Trust, call
800.533.2240 or visit http://www.key.com/forecast .

McDonald Investments Inc, member NASD/NYSE/SIPC, is a leading full-service
investment firm established in 1924 serving individuals, corporations,
institutions and governments. The firm's Private Client Group consists of
approximately 700 investment consultants spanning a network of 58 offices
nationwide. Coupled with Key PrivateBank, which has 35 U.S. offices and 375
financial advisors, the collective team offers banking, estate planning,
financial planning, retirement planning, brokerage, trust, individual asset
management, insurance advice and services, and charitable giving counsel to
high-net-worth clients.

Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank- based
financial services companies, with assets of approximately $84 billion. Key
companies provide investment management, retail and commercial banking,
retirement, consumer finance, and investment banking products and services to
individuals and companies throughout the United States and, for certain
businesses, internationally. The company's businesses deliver their products and
services through KeyCenters and offices; a network of approximately 2,400 ATMs;
telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com(R), that
provides account access and financial products 24 hours a day.





"..Have you hugged your Grandkiddies today.."??

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