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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.
    AUGAT Inc.
    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
    CILCORP Inc.
    CMS Energy
    Coastal Corp.
    Coastal Corporation
    Compañia Cervecerlas Unidas S.A.
    COMSAT Corp.
    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.
    ENOVA 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
    ONEOK Inc.
    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.
    SCANA Corp.
    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
    WICOR, Inc.
    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.