<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>List,
<BR>
<BR>Baldwin stock is up again today, which is encouraging but bear in mind that
<BR>it had reached the point of being nearly worthless.
<BR>
<BR>As of 2:30 PM, Eastern Daylight Time:
<BR>
<BR>BPAO - BALDWIN PIANO & ORGAN
<BR>Exchange: Nasdaq NM
<BR>Delay: at least 15 minutes
<BR>Last Price: 2.50 at 13:39 EDT
<BR>Change: Up 0.26 (+11.61%)
<BR>High: 2.50 at 13:39 EDT
<BR>Low: 2.29 at 13:30 EDT
<BR>
<BR>There was a 21% gain yesterday and a nearly 12% gain today, which sounds very
<BR>significant percentage wise but really amounts to very little. I'll always
<BR>recall what I heard Ross Perot (who may be crazy but is undeniably very rich)
<BR>once say:
<BR>
<BR>"If you've only got a penny, you're downright poor. Now, if you find another
<BR>penny somewhere, you'd have a 100% increase in your financial outlook but
<BR>you'd still be downright poor!"
<BR>
<BR>I wouldn't recommend speculating in Baldwin stock, you could easily lose all
<BR>of your investment.
<BR>
<BR>Bill Bremmer RPT
<BR>Madison, Wisconsin</FONT></HTML>