Its portfolio has gained 29 percent a year since it began in June 1995.

From 1995 through 1997, the portfolio, which has stocks, bonds and cash, gained an average of 20 percent annually.

During the following 10 years, the portfolio gained 4200% while the S&P advanced about 47%.

Her portfolio gained just 0.35 percent, hurt by its very limited exposure to large-cap stocks.

Since it was started on June 30, 1995, through the end of July, the club's portfolio gained 29 percent a year.

In fact, the five portfolios have gained an average of 35 percent, well behind the market gauge.

On average, the portfolios have gained 41 percent, about 15 percentage points behind the overall market, as measured by the Standard & Poor's 500.

Over the 34 years through 1998, the portfolio gained 21.7 percent, annualized.

But on average, the portfolios have gained 31 percent, several points behind the overall market.

All told, the portfolio has gained nearly 40 percent for the year.