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Previous: FIDELITY NEW YORK MUNICIPAL TRUST II, 497, 1998-04-16 |
Next: MASON DIXON BANCSHARES INC/MD, S-3/A, 1998-04-16 |
<PAGE>
PAPP AMERICA-ABROAD FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 1998
<TABLE>
<CAPTION>
Number Market
Common Stocks of Shares Value
- --------------------------------------------------------- --------- ------------
<S> <C> <C>
Computers and Software (17.2%)
American Power Conversion*
(Leading producer of uninterruptible power supply products) 680,000 $19,507,500
Hewlett-Packard Company
(Manufacturer of printers, computers, and medical
electronic equipment) 230,000 14,576,250
Intel Corporation
(Manufacturer of microprocessors, microcontrollers, and
memory chips) 250,000 19,515,625
Microsoft Corporation*
(Personal computer software) 96,000 8,592,000
-----------
62,191,375
-----------
Industrial Services (14.5%)
Air Express International
(Air freight forwarding) 460,000 12,218,750
Interpublic Group of Companies, Inc.
(Worldwide advertising agencies) 370,000 22,986,250
Manpower, Inc.
(Provider of non-government employment services) 425,000 17,159,375
-----------
52,364,375
-----------
Health Care (10.1%)
Abbott Laboratories
(Healthcare products) 90,000 6,778,125
Johnson & Johnson
(Healthcare products) 195,000 14,295,937
Merck & Company
(Ethical drugs and specialty chemicals) 122,000 15,661,750
-----------
36,735,812
-----------
Distributors (9.6%)
Arrow Electronics, Inc.*
(Distributor of electronic components and computer products) 443,200 11,994,100
Molex, Inc.
(Distributor of electrical, electronic, and fiber optic interconnection 450,000 12,065,625
products and systems)
Sigma-Aldrich Corp.
(Develops, manufactures, and distributes specialty chemicals) 285,000 10,616,250
-----------
34,675,975
-----------
Consumer Products (7.3%)
Coca Cola Company
(Dominant international soft drink company) 18,600 1,440,337
Gillette Company
(Personal care products and batteries) 16,000 1,899,000
Mattel, Inc.
(Toy manufacturer) 405,000 16,048,125
Unilever Group
(Producer and marketer of branded and packaged consumer goods) 100,000 6,862,500
-----------
26,249,962
-----------
Electrical Equipment (7.2%)
General Electric Co.
(Diversified industrial company) 172,000 14,824,250
Emerson Electric Company
(Manufacturer of electrical and electronic products and systems) 170,000 11,081,875
-----------
25,906,125
-----------
</TABLE>
*Non-income producing security.
<PAGE>
PAPP AMERICA-ABROAD FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 1998
<TABLE>
<CAPTION>
Number Market
Common Stocks (continued) of Shares Value
- ----------------------------------------------------------- --------- ------------
<S> <C> <C>
Direct Marketing (6.3%)
Amway Asia Pacific, Inc.
(Direct marketing of household and personal items in Asia) 179,000 $ 2,897,563
Viking Office Products*
(Direct international marketer of office products to small and
medium sized businesses) 860,000 19,995,000
------------
22,892,563
------------
Financial Services (5.9%)
State Street Corporation
(Provider of U.S. and global securities custodial services) 315,000 21,439,688
------------
Consumer Services (5.2%)
Service Corporation International
(Funeral service, cemetery owner/operator) 440,000 18,672,500
------------
Telecommunications (4.8%)
Hong Kong Telecommunications, Ltd.
(International telecommunications services) 370,000 7,746,875
Motorola, Inc.
(Manufacturer of communication equipment) 160,000 9,700,000
------------
17,446,875
------------
Industrial Components (4.0%)
Illinois Tool Works, Inc.
(Manufacturer of tools, fasteners, and packaging systems) 150,000 9,712,500
Millipore Corporation
(Supplier of purification products) 133,100 4,625,225
------------
14,337,725
------------
Restaurants (4.0%)
McDonald's Corporation
(Fast food restaurants and franchising) 240,000 14,400,000
------------
Miscellaneous (3.6%)
Exxon Corp.
(Worldwide integrated oil company) 40,000 2,705,000
Steiner Leisure LTD*
(Provider of spa services, beauty salons, and health
clubs on cruise ships) 202,500 10,289,531
------------
12,994,531
------------
Total Common Stocks - 99.7% 360,307,506
Cash and Other Assets, Less Liabilities - .3% 1,215,381
------------
Net Assets - 100% $361,522,887
============
Net Asset Value Per Share
(Based on 12,596,986 shares outstanding at March 31, 1998) $28.70
============
</TABLE>
*Non-income producing security.
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