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Playing Central Europe's Brave New Markets

                                                 PRICE          P-E
COMPANY                                        ON DEC. 6       RATIO*
KOMERCNI     The Czech bank has cleaned
              up its portfolio                  $18.65**        4.6

EGIS         An undervalued favorite among
              Hungarian drugmakers               24.27          5.0

GORAZDZE     One of the cheapest emerging-market
              cement companies--and Poland's
              biggest                            22.80          6.1

VSZ          Slovakian integrated steelmaker has
              a strong market position           14.30          2.5

GRABOPLAST   Home-improvers in Hungary will buy
              its building materials             13.04          7.2

*On estimated 1996 earnings  ** Global depositary receipt, traded in London

DATA: CREDITANSTALT INVESTMENT BANK, BLOOMBERG FINANCIAL MARKETS


Updated June 13, 1997 by bwwebmaster
Copyright 1995, by The McGraw-Hill Companies Inc. All rights reserved.
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