(MONEY Magazine) – The MONEY 30 headed south for the first time in three months, declining 5% during the month that ended June 15. All but seven stocks in our New Economy index fell, with brokerage Charles Schwab posting the biggest drop for the period--a 23% tumble in the wake of slowing stock-trading volume the company's warning to analysts that it wouldn't meet their earnings expectations for the second quarter. Another MONEY 30 company with newly exposed earnings weakness was Sun Microsystems, which sliced its profit forecast for the fourth quarter and blamed its woes on economic slowdowns in Europe. Sun's earnings fallout also dragged down many other tech bellwethers, including Oracle and Motorola. But tech stocks weren't the only troubled area this month: Enron posted a 14% decline--on top of an 11% drop the previous month. The energy company is still smarting over a botched power-plant project in India, and the stock is more than 50% off its 52-week high. On the upside, Mattel rose 12% and was approaching the 52-week high that it posted in March. An analyst upgrade--and the arrival in stores of its new Cher doll--apparently gave investors reason to believe.

--STEPHANIE D. SMITH

THE MONEY 30 INDEX, WHICH TRACKS THE PERFORMANCE OF 30 BLUE-CHIP GROWTH STOCKS AT THE FOREFRONT OF TODAY'S ECONOMY, FELL 5%--TO 3057--FROM MAY 18 TO JUNE 15 (JANUARY 1996 EQUALS 1000). GO TO WWW.MONEY.COM FOR REGULAR PRICE UPDATES.

% total return P/E Revenue Company (TICKER) Price 1 month 1 year ratio (billions)

American International Group (AIG) $81.85 -3.4% -0.7% 28.9 $44.0 Amgen (AMGN) 67.06 3.2 0.9 56.9 3.7 AOL Time Warner (AOL) 50.90 -4.0 -8.4 41.3 37.0 AT&T (T) 21.00 -6.2 -36.6 98.6 67.0 Cisco Systems (CSCO) 16.65 -16.8 -75.0 40.6 24.0 Citigroup (C) 49.30 -4.8 2.5 16.3 118.0 Coca-Cola (KO) 44.26 -7.9 -19.5 27.5 21.0 Colgate-Palmolive (CL) 57.90 -1.1 0.1 30.2 9.4 Disney (DIS) 29.70 -7.4 -28.8 37.2 26.0 Enron (ENE) 47.26 -13.9 -33.0 26.7 138.0 Fannie Mae (FNM) 80.66 1.5 36.4 16.0 46.0 General Electric (GE) 48.81 -6.5 -5.0 33.0 130.0 Gillette (G) 28.20 -4.9 -9.3 27.8 9.2 Hewlett-Packard (HWP) 27.00 1.0 -53.3 25.4 49.0 Home Depot (HD) 48.90 -4.4 -3.6 39.3 47.0 Intel (INTC) 27.68 -2.4 -56.7 50.9 32.0 Johnson & Johnson[1] (JNJ) 52.04 4.7 16.3 27.1 30.0 Mattel (MAT) 17.53 11.7 25.9 22.2 4.7 MBNA (KRB) 34.02 -9.6 21.9 18.3 8.3 McDonald's (MCD) 28.67 3.5 -10.1 19.2 14.0 Merck (MRK) 73.75 -5.1 3.2 23.1 43.0 Microsoft (MSFT) 68.02 -1.6 -6.0 38.0 25.0 Motorola (MOT) 14.25 -8.7 -57.8 N.M. 37.0 Nike (NKE) 40.91 -2.3 8.0 19.1 9.3 Oracle (ORCL) 15.00 -8.5 -63.6 34.6 11.0 Pharmacia (PHA) 48.80 0.9 -11.6 27.8 18.0 Schwab (SCH) 15.67 -22.6 -52.3 40.1 6.6 Sun Microsystems (SUNW) 15.19 -18.6 -67.0 36.0 19.0 Tyco International (TYC) 55.47 -0.4 13.6 20.1 32.0 UnitedHealth Group (UNH) 57.14 -6.0 39.4 22.5 22.0

Notes: Prices are as of June 15. P/E ratios are based on estimated fiscal 2001 earnings. Revenues are for the latest 12 months. [1]Split two for one on June 12. N.M.: Not measurable. Source: Baseline.