MONEY Magazine masthead MONEY June 1994 Volume 23 Number 6
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(MONEY Magazine) – EDITOR-IN-CHIEF Jason McManus EDITORIAL DIRECTOR Henry Muller EDITOR OF NEW MEDIA Walter Isaacson

TIME INC. CHAIRMAN, CEO Reginald K. Brack Jr. PRESIDENT Don Logan

MANAGING EDITOR Frank Lalli EXECUTIVE EDITORS Caroline Donnelly, Tyler Mathisen ASSISTANT MANAGING EDITORS Lynn Crimando, Richard Eisenberg, Frank B. Merrick BOOK EDITOR Dan Green SENIOR EDITORS Joseph S. Coyle, Eric Gelman, Joanna L. Krotz, Kevin S. McKean, Nancy J. Perry, Eric Schurenberg WALL STREET EDITOR Michael Sivy ASSOCIATE EDITORS Denise M. Topolnicki, Walter L. Updegrave

WASHINGTON, D.C. bureau chief Teresa Tritch SENIOR WRITERS Jerry Edgerton, Ruth Simon STAFF WRITERS Gary Belsky, Shelly Branch, Elizabeth Fenner, Carla A. Fried, Beth Kobliner, Lani Luciano, Elizabeth MacDonald, John Manners, Marguerite T. Smith, Penelope Wang STATISTICS EDITOR Jersey Gilbert

DESIGN ART DIRECTOR Rudolph C. Hoglund ASSOCIATE ART DIRECTORS Traci Churchill, Helene Elek DESIGNERS Nadia Maryniak, Mimi Maxwell

PHOTOGRAPHY PICTURE EDITOR Deborah Pierce DEPUTY PICTURE EDITOR Miriam Hsia ASSISTANT PICTURE EDITOR Leslie Yoo

REPORTERS CHIEF Katharine B. Drake SENIOR STAFF Holly Wheelwright Ketron, Prashanta Misra STAFF Lesley Alderman, Mark Bautz, Susan Berger, Judy Feldman, Jillian Kasky, Jeanhee Kim, Roberta Kirwan, Sheryl Nance-Nash, Vanessa OUConnell, Elif Sinanoglu, Kelly Smith, Ellen Stark, Amanda Walmac, Daphne D. Mosher (mail)

COPY EDITORIAL DIRECTOR Mark Hudson Giles COPY CHIEF Patricia A. Feimster EDITORIAL SYSTEMS MANAGER Andrew Schwartz SYSTEMS ENGINEER Al Criscuolo SENIOR COORDINATOR Sukey Rosenbaum STAFF Kathleen Beakley, P. Nigel Killikelly, Bill O'Connor, Sarah Plant, Suzanne Justin Riggio, Judith Ryan, Eve Sennett

EDITORIAL PRODUCTION DIRECTOR Karen Harper Diaz STAFF Sally Boggan

MANUFACTURING DIRECTOR Kathy A. O'Shaughnessy MANAGER Susan A. Eason STAFF Eric Hutton, Yvonne Varriale, Geraldine Vopelak

EDITORIAL FINANCES DIRECTOR R. Michael Terry STAFF Bernard E. Palmer

ADMINISTRATION ASSISTANT TO THE MANAGING EDITOR Arlene Lemanski STAFF Leslie A. Fields, Marianne Nardone, Darlen Obertance, Jaime Rivera, Samantha Welsh

CONTRIBUTORS CONTRIBUTING EDITORS Steve Gelman, Pauline Tai CONTRIBUTING WRITERS Anthony Cook, Ken and Daria Dolan, Junius Ellis, Echo Montgomery Garrett, Marlys J. Harris, Andrea Rock, Suzanne Seixas, Allan Sloan, Clint Willis WALL STREET CORRESPONDENT Jordan E. Goodman

CORRESPONDENTS CHIEF Sian Ballen CORRESPONDENTS Atlanta: Mary C. Bounds. Boston: Paul Katzeff. Chicago: Lynn W. Adkins. Denver: Stephen Marsh. Detroit: Ami E. Walsh. Honolulu: Kathy Titchen. Houston: Gary Taylor. Los Angeles: Laura Meyers. Miami: Elizabeth S. Roberts. Minneapolis: Nancy Stesin. New Orleans: Janet Plume. Orange County, Calif.: Dorothy Jean. Philadelphia: Cece Lentini. Phoenix: Kathy Shocket. Portland, Ore.: Jeff Wuorio. St. Louis: Carol F. Shepley. San Diego: Sylvia Tiersten. San Francisco: Stephen G. Bloom, Tim Turner. Stamford, Conn.: Karen S. Daugherty.

TIME INC. EDITORIAL OPERATIONS DIRECTOR Sheldon Czapnik EDITORIAL SERVICES Christiana Walford EDITORIAL TECHNOLOGY Dennis Chesnel

GROUP PUBLISHER Michael Pepe PUBLISHER Betsy Martin CONSUMER MARKETING DIRECTOR Michele M. Jaworski ASSOCIATE CONSUMER MARKETING DIRECTOR Philip R. Whitney REGIONAL ADVERTISING DIRECTORS Robert H. Kelly, Thomas F. Madden ADVERTISING BUSINESS MANAGER Paul B. Francis PROMOTION DIRECTOR Michael Rich MARKETING DIRECTOR Regina M. Buzzi PUBLIC RELATIONS DIRECTOR Patricia A. Straus