Play fIke Ultimate Stock Mauket Game for lb. Experience, lb. Fuand over $100,000 in Cashs & Prizes. REA-WORLD EXPERIENCE You've learned about the stock market in your business, finance, and invest- ment classes. Here's your chance to apply that knowledge and gain the real-world experience necessary to get a head start on your career. Your participation in the challenge will make for an excellent resume addition and a unique conversation piece in employment interviews. REAL-WORLD EXCEEMENy But enough about real-world experi- ence. This challenge is all about real- world excitement! Imagine... you're the manager ofa'500,000 stock portfolio. Who knows where you'll get your next big stock idea? Investors Business Daily, your local paper, a TV commercial or maybe that new pair ofsneakers you just bought. Wherever it comes from, pick up the phone, call your broker and make your trades. INVEST IN YOUR FUTURE Make the right moves and win prizes and fame in Investors Business Daily. Make the wrong moves and risk noth- ing because it's only a game! So call today for your personal '500,000 brokerage account. At only 4995 this is probably the best investment you'll ever make. The Eighth Annual I&T October 9-December8, 1995 2nd Place .......Laptop& $10,000 3rd Place......... Laptop & $5,000 4th Place......... Laptop & $2,500 5th Place ......... Laptop & $1,500 6th-10th Place ... Laptop & $1,000 11th-20th Place................$500 21st-100th Place.................$25 HiGH SCHOOL 1st Place.......... Laptop & $2,000 2nd Place......... Laptop & $1,500 3rd Place..........Laptop &$1000 4th Place ........... Laptop & $750 5th Place........... Laptop& $500 FMA SCHOLARSHIPS 1st Place ...................$2,000 2nd Place..................$1,000 3rd Place.......................$500 PBL SCHOLARSHIPS 1st Place $2,000 2nd Place ............$1,000 3rd Place.......................$500 TOP 500 PERFORMERS AI&T Collegiatenhiiestment Challenge T-shirt HE GMt Ar A G LNCE * Manage a'500,000 stock portfolio " Execute your buy and sell orders over a toll-free AI&T 800 line or on the internet at http//wwwreplicacorp.com * Get real-time stock quotes * Receive monthly portfolio state- ments or daily account updates on the internet * Look for your name among the leaders list in Investors Business Daily * Win cash and merchandise prizes a 0m RS-A 20 The AT&T Universal Card is the preferred credit card ofthe AT&T Collegiate Investment Challenge. Use it to pay for your 54995 investment challenge registration r fee, and you'll receive a'10 credit toward your A?&f Universal Card account* For more information on the AI&T Universal Card or to request an application call 1800 438-8627 Ext. 40 """t ""Srtr Ef - AAT&T AL4W Universal Card No Common Cents In the days of dwindling funding for higher education,this one really hurts. Unauthonrized investment trading since 1992 has cost an unknown number of colleges and uni- versities at least $138 million. As if school admin- istrators needed another excusetojack up your tuition and fees. The investments were part of the Connecticut- based Common Fund, a $20 billion pool of invest- ments from 1,400 schools nationwide. First Capi- tal Strategists Inc., one of many investment firms working for the Common Fund, is the group responsible for the loss. The lost money was actually investment earn- ings, not student dollars. But the losses are expected to have a trickle-down effect. The use of investment earnings varies at each school. Some reinvest them; others factor them into their annual budgets. The Pennsylvania-based First Capital will not say how many schools were affected by the loss, but it seems that many of the 1,400 schools may feel the pinch. Penn State U. officials say the school lost at least $736,000 in the transactions. The U. of Michigan's losses amounted to at least $1.5 million. "It looks like the university will have to absorb the loss," says Randy Harris, associate vice presi- dent of finance at Michigan. First Capital officials say Kent Ahrens, a senior trader with the firm, admitted he lost a "relatively small" amount of money - less than $100,000 - in an initial investment. But rather than reporting the loss, as is customary, Ahrens tried to trade his way out of the red and lost even more money. First Capital has suspended Ahrens. According to First Capital officials, "He clearly understood that his actions were in contravention not only of the Common Fund's investment guidelines but also First Capital's policies and procedures." The Common Fund, a nonprofit organization, has experienced some fallout from Ahrens' actions. The U. of Minnesota, which lost no money, pulled its investments in July from the Common Fund and from First Capital. Six other schools, including Denison U. in Ohio, have since followed suit. The Common Fund officials are doing every- thing they can to recover the losses, says Michi- gan's Harris. "But we're still going to seea big reduction in our year's earnings." Travis Spencer, Eastern Illinois U. CALL TODAY FOR IMMEDIATE REGISTRATION! Trading begins on October 9th. (Late entries accepted until October 31, 1995) 1 800 858m1995Ex.5is cc) 1995 Replica Corporation, all rights reserved The Colegiate Investment Challenge is a contest administered on behalfIof fI and A' Universal Card by Replica Corporation and its affiliate. wall street Portfolios. Although the contest simulates actual market conditions, neither the money, securities, nor the transactions are real. Awards ofprizes are the responsibilit)y ofReplica Corporation, and winners may be subject to all taxes fixr prizes. Payment ofall applicable federal, state and local taxes and fees, is the sole responsibilit y ofand must be paid by the winners. Winners ofprizes valued at $(0) or more will be issued ian IRS Mx Form M)99suiting the value oftheir prize.