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Previous: AMERICAN MORTGAGE INVESTORS TRUST, DEF 14A, 1999-05-06 |
Next: OLD DOMINION FREIGHT LINE INC/VA, 10-Q, 1999-05-06 |
PAPP AMERICA-ABROAD FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 1999
<TABLE>
<CAPTION>
Number Market
Common Stocks of Shares Value
- ------------------------------------------------------------- --------- ----------
<S> <C> <C>
FINANCIAL SERVICES (15.4%)
American International Group
(Major international insurance holding company) 69,000 $ 8,323,125
General Electric Co.
(Diversified financial and industrial company) 140,000 15,487,500
State Street Corporation
(Provider of U.S. and global securities custodial services) 300,000 24,656,250
-------------
48,466,875
-------------
COMPUTER EQUIPMENT (14.9%)
EMC Corp. *
(Manufacturer of enterprise computer storage systems) 28,000 3,577,000
Hewlett-Packard Company
(Manufacturer of printers, computers, and medical
electronic equipment) 140,000 9,493,750
Intel Corporation
(Manufacturer of microprocessors, microcontrollers, and
memory chips) 242,000 28,828,250
International Business Machines
(Global provider of information technology, hardware, software
and services) 29,000 5,140,250
-------------
47,039,250
-------------
INDUSTRIAL SERVICES (14.3%)
Air Express International
(Air freight forwarding) 449,000 6,791,125
Interpublic Group of Companies, Inc.
(Worldwide advertising agencies) 360,000 28,035,000
Manpower, Inc.
(Provider of non-government employment services) 215,000 5,025,625
Omnicom Group, Inc.
(Worldwide advertising agencies) 65,000 5,195,938
-------------
45,047,688
-------------
SPECIALTY RETAILING (9.8%)
Office Depot *
(Leading retailer and direct marketer of office supplies) 835,000 30,738,438
-------------
ELECTRICAL EQUIPMENT (9.2%)
American Power Conversion *
(Leading producer of uninterruptible power supply products) 627,900 16,953,300
Emerson Electric Company
(Manufacturer of electrical and electronic products and systems) 10,000 529,375
Molex, Inc.
(Supplier of electrical, electronic, and fiber optic interconnection
products and systems) 450,000 11,643,750
-------------
29,126,425
-------------
PHARMACEUTICAL (8.4%)
Astra AB
(Prescription pharmaceuticals) 180,700 4,144,806
Eli Lilly & Co.
(Prescription pharmaceuticals) 15,000 1,273,125
Merck & Company
(Prescription pharmaceuticals) 252,000 20,207,250
Pfizer, Inc.
(Prescription pharmaceuticals) 7,000 971,250
-------------
26,596,431
-------------
*Non-income producing security.
<PAGE>
<CAPTION>
PAPP AMERICA-ABROAD FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 1999
Number Market
Common Stocks of Shares Value
- ------------------------------------------------------------- --------- ----------
<S> <C> <C>
RESTAURANTS (5.8%)
McDonald's Corporation
(Fast food restaurants and franchising) 406,000 $ 18,396,875
-------------
SOFTWARE (5.8%)
BMC Software, Inc. *
(Develops, markets, and supports data and application
management software) 55,000 2,038,437
Microsoft Corporation*
(Personal computer software) 180,000 16,132,500
-------------
18,170,937
-------------
MEDICAL PRODUCTS (5.4%)
Johnson & Johnson
(Healthcare products) 183,000 17,144,813
-------------
CONSUMER SERVICES (5.2%)
Service Corporation International
(Funeral service, cemetery owner/operator) 350,000 4,987,500
Steiner Leisure Ltd. *
(Provider of spa services, beauty salons, and health clubs on
cruise ships) 375,000 11,531,250
-------------
16,518,750
-------------
CONSUMER PRODUCTS (2.9%)
Gillette Company
(Personal care products and batteries) 27,000 1,604,812
Mattel, Inc.
(Toy manufacturer) 300,000 7,462,500
-------------
9,067,312
-------------
TELECOMMUNICATIONS (1.7%)
Cisco Systems, Inc. *
(Leading supplier of computer internetworking systems) 10,000 1,095,625
L.M. Ericsson Telephone AB
(Manufacturer of telecom systems and cellular handsets) 100,000 2,381,250
Hong Kong Telecommunications, Ltd.
(International telecommunications services) 100,000 1,956,250
-------------
5,433,125
-------------
TOTAL COMMON STOCKS - 98.9% 311,746,919
CASH AND OTHER ASSETS, LESS LIABILITIES - 1.1% 3,382,125
-------------
NET ASSETS - 100% $ 315,129,044
=============
NET ASSET VALUE PER SHARE
(Based on 10,114,608 shares outstanding at March 31, 1999) $ 31.16
=============
*Non-income producing security.
The accompanying notes are an integral part of these financial
statements.
</TABLE>
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