In This Issue:
• Playing It Safe: We are projecting slower economic and profit growth, which means back-to-basics investing.
• In the Limelight
• STARS Status: Changes in S&P analysts' STARS rankings for March 20 through March 24.
• Master List Changes
• Funds That Soften the Tax Bite: When market returns are less than stellar, tax considerations can make a big difference, in our view.
• Beneficiaries of a Lower Dollar: The stocks of the companies in the table on page 7 derive a large portion of their sales from overseas and should benefit if the dollar declines, as we believe it will over time.
• Profiting from Four-Year Cycle Lows: Standard & Poor's chief investment strategist Sam Stovall explores the pattern of the four-year market cycle.
• Master List Stocks Update: Our three supervised Master List groups of stocks, recommended as core holdings for long-term investors, are regularly featured on these two pages. The High-Quality Capital Appreciation Portfolio, highlighted this week, consists mainly of large-cap stocks.
• Foreign Holdings Promote Diversification: We advise putting 20% of your assets into foreign stocks via four exchange-traded funds (ETFs). Also, here are the new market capitalization parameters for our indices.

Some of the Companies Featured:
American Standard Cos.
Automatic Data Processing
Citigroup
Colgate-Palmolive
Factset Research
Franklin Resources Inc.
Ingersoll-Rand Co.
Johnson & Johnson
LG Philips Lcd
Nat'l Semiconductor Corp.
Sealed Air Corp.
Sysco Corp.

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