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Buying A Single Share Direct From the Company

For many years, only a handful of companies have had the mechanism in place shares directly to individual investors. However, in 1995 the Securities and Exchange Commission eased its regulations, allowing corporations to implement direct purchase programs much more easily. Since then, the number of companies who are able to sell shares directly to investors has grown from a handful to over 300. In addition, some companies that don't pay dividends also have direct purchase plans for investors.

Some companies (usually banks or utilities) limit such initial purchases to customers or residents. There may also be a nominal commission involved, or a minimum purchase requirement. Nevertheless, in one fell swoop an investor can buy a share and enroll in a DRIP from a growing number of companies.

The following is a list of some of the companies and ADR's who now have direct purchase programs in place:

ABT Building Products, Co.
Advanta Corp.
Aegon NV
Aetna, Inc.
AGL Resources, Inc.
Air Products and Chemicals, Inc.
AirTouch Communications, Inc.
Aktiebolaget Electrolux
Akzo Nobel NV
AMCOR Limited
American Electric Power Co., Inc.
American Recreational Centers
American Water Works Co.
Ameritech Corporation
AMOCO Corporation
Amway Japan Limited
Arrow Financial
Asia Satellite TelecommunicationsHoldings Ltd.
Astra AB
Atlantic Energy
Atmos Energy Corp.
Banco de Santander
Banco Industrial Colombiano, S.A.
Banco O'Higgins
Banco Wiese Ltdo.
Bancorp Hawaii
Bank of Ireland
Bank of Tokyo-Mitsubishi
Bard (C.R.)
Barnett Bank
Bell Atlantic
Benetton Group SpA
Bob Evans Farms, Inc.
BOC Group
Boston Beer Company
Boston Edison Co.
BRE Properties, Inc.
British Airways PLC
British Telecommunications
Brooklyn Union Gas
Cadbury Schweppes
Cantab Pharmaceuticals
Capital One Financial
Capstead Mortgage
Carolina Power & Light
Carpenter Technology Corp.
Cascade Natural Gas
CBT Group plc
Centerior Energy
Central & South West Corp.
Central Fidelity Banks
Central Hudson Gas & Electric
Central Maine Power
Central Vermont Public Service
Chock Full O'Nuts
CMS Energy
Coastal Corp.
Coastal Corporation
Compañia Cervecerlas Unidas S.A.
Connecticut Energy Corporation
Connecticut Water Service, Inc.
Conrail, Inc.
Consorcio G Grupo Dina, SA de CV
Corporación Bancaria de España,S.A. Argentarian
Cross Timbers Oil Co.
Crown America Realty Trust
CSR Limited
Curtiss-Wright Corporation
Dassault Systemes SA
De Rigo S.P.A.
Dean Witter, Discover & Co.
Delta Natural Gas
Dominion Resources, Inc.
DQE, Inc.
DTE Energy
Duke Power
Duke Realty Investments
Eastern Company
Eastman Kodak Co.
Eli Lilly and Co.
EMCEE Broadcast Products, Inc.
Empresa Nacional de Electricidad
Energen Corp.
Enron Corporation
Entergy Corporation
Equitable Companies, Inc.
Espirit Telecom plc
Exxon Corporation
Fannie Mae
Fed One Bancorp.
First Commercial Corp.
First USA, Inc.
Flamel Technologies S.A.
Florida Progress
Florida Progress Corp.
Food Lion, Inc.
Ford Motor Company
Freepages Group plc.
Frontier Insurance Group, Inc.
General Cable
General Growth Properties
Gillette Company
Glenborough Realty Trust, Inc.
Goodyear Tire & Rubber Co.
Grand Metropoliton PLC
Great Central Mines
Green Mountain Power
Grupo Casa Autrey, S.A. de C.V.
Guangshen Railway Company Limited
Guidant Corporation
Harveys Casino Resorts
Hawaiian Electric Industries
Heidemij NV
Hillenbrand Industries, Inc.
Home Depot
Home Properties of NY, Inc.
Houston Industries Incorporated
Huntington Life Sciences Group plc
Idaho Power Co.
IES Industries
Imperial Chemical Industries
Indonesia Fund, Inc.
Industrie Natuzzi SPA
Integon Corporation
Interchange Financial Services
International Business Machines Corp.
Internet Ventures, Inc.
Interstate Power
Invesco PLC
Investors Financial Service
IPALCO Enterprises, Inc.
Istituto Mobiliare Italiano S.p.A.
IWC Resources Corp.
J.C. Penney Company, Inc.
Johnson Controls (JCI)

Kellwood Co.
Kerr McGee
KeySpan Energy Corporation
Koninklijke Ahold N.V.
Koor Industries
Lear Corporation
Libbey Inc.
Lihir Gold Limited
London International Group plc
Longs Drug Stores Corp.
Lucent Technologies, Inc.
Luxottica Group S.P.A.
Macronix International Co.
Madison Gas & Electric Co.
Matav-Cable Systems Media Ltd.
Mattel, Inc.
McDonalds Corporation
MDU Resource Group
Merck and Company, Inc.
Micro Focus Group PLC
Mid-American Energy
Mid-States PLC
MidAmerican Energy Co.
Minnesota Power and Light
Montana Power Co.
Morton International, Inc.
National Fuel Gas
National Westminster Bank
NEC Corporation
Nera A.S.
NetCom Systems AB
Nevada Power
New Jersey Resources Corp.
New York, State Electric & Gas
New York Broker Deutschland
Newport Corp.
Newport News Shipbuilding
NICE Systems Ltd.
Nippon Telephone and Telegraph
NorAm Energy Corp.
Norsk Hydro A.S.
Northern States Power
Northwestern Public Service Co.
Norwest Corporation
Novo Nordisk A/S
NUI Corporation
OGE Energy Corp.
Oklahoma Gas & Electric Co.
Old National Bancorp
OzEMAIL Limited
P.T. Pasifik Satelit Nusantra
Pacific Dunlop Limited
People's Energy Corporation
Petroleum Securities Australia Ltd.
Pharmacia & Upjohn
Philadelphia Suburban
Piedmont Natural Gas Co.
Pinnacle West
Pinnacle West Capital Corp.
Portland General Corporation
Procter & Gamble (PG)
Providian Financial Corp.
Public Service Company of North Carolina, Inc.
Public Service Enterprise Group, Inc.
Public Svc. Co. of New Mexico
Public Svc. of North Carolina
Puget Sound Energy, Inc.
Puget Sound Power & Light
Rank Organization PLC
Reader's Digest Assn., Inc.
Redwood Trust, Inc.
Regions Financial
Regions Financial Corp.
Repsol S.A.
Reuters Holdings PLC
Ricoh Company Ltd.
Royal Dutch
Santos Ltd.
Sanville Systems Ltd.
Sears, Roebuck and Company
Select Appointments (Holdings) plc
Select Software Tools plc
Senetek PLC
SGS-THOMSON Microelectronics
Sierra Pacific Resources
Small World Plc
SMECO Energy
SmithKline Beecham
Sonoma Valley Bank
Sony Corporation
Southern Company
Southern Union
Southwest Gas
STET-Societa Finanziaria Telefonica p.a.
STET-Societa Finanziaria Telefonica p.a. Savings Shares
Stone Container
Stone Container Corp.
Sunstone Hotel Investors, Inc.
Taubman Centers, Inc.
TDK Corporation
Telecom Argentina STET-France Telecom S.A.
Telefonica del Perú S.A.
Telefonos de Mexico
Texaco Inc.
Thorn PLC
Timken Company
TNP Enterprises
Tribune Company
Tubos de Acero de Mexico, S.A.
Tyson Foods
U. S. West Inc.
U. S. West Media Group
Unilever N.V.
Union Electric Co.
United Cities Gas
United Water Resources Inc.
Urban Shopping Centers, Inc.
UtiliCorp United
Valid Corporation
Valmet Corporation
Vimpel Communications
Vodafone Group PLC
Wal*Mart Stores, Inc.
Walt Disney Co.
Warner-Lambert Company
Waterford Wedgwood plc
Weingarten Realty Investors
Western Resources, Inc.
Westpac Banking Corporation
Wharf Holdings Limited
Whitman Corporation
Wisconsin Energy
WLR Foods
WMC (Holdings) Limited
WPS Resources
Xeikon N.V.
Xenova Group PLC
XXSYS Technologies, Inc.
York International Corp.
YPF Sociedad Anonima
Zeneca Group PLC,

On the Web, Mark Keller hosts a No-Load Stocks web site with more details on direct purchase stocks. You can also review the information at Net Stock Direct, including downloadable enrollment forms for many companies.