US Lodging and Casino Stocks

      Rank/ Company Name/  Price 12/31/96 / Price 3/31/97/ $Gain/ (Loss) /                         % Gain/ (Loss)

1. CapStar Hotel Co. $ 19.625 $ 28.000 $ 8.375                                                  42.7%
2. ITT Corp. $ 43.375 $ 58.875 $ 15.500                                                               35.7%
3. Bristol Hotel Co. $ 31.750 $ 42.250 $ 10.500                                                  33.1%
4. Renaissance Hotel Group NV $ 23.500 $ 29.875 $ 6.375                              27.1%
5. Host Funding Inc. $ 7.500 $ 9.375 $ 1.875                                                      25.0%
6. Buckhead America $ 6.000 $ 7.375 $ 1.375                                                     22.9%
7. Hollywood Casino $ 2.875 $ 3.500 $ 0.625                                                     21.7%
8. Wyndham Hotel Corp. $ 24.625 $ 29.500 $ 4.875                                          19.8%
9. Allstar Inns, Inc. $ 24.750 $ 29.250 $ 4.500                                                    18.2%
10. Primadonna Resorts $ 17.000 $ 19.875 $ 2.875                                              16.9%
11. Santa Fe Gaming $ 1.125 $ 1.313 $ 0.188                                                        16.7%
12. Amerihost Properties Inc. $ 6.250 $ 7.250 $ 1.000                                         16.0%
13. American General Hospitality $ 23.750 $ 27.250 $ 3.500                               14.7%
14. Full House Resorts Inc. $ 3.188 $ 3.625 $ 0.437                                             13.7%
15. Humphrey Hospitality Trust Inc. $ 9.000 $ 10.125 $ 1.125                           12.5%
16. Monarch Casino & Resort Inc. $ 2.000 $ 2.250 $ 0.250                                12.5%
17. Suburban Lodges of America $ 16.000 $ 18.000 $ 2.000                              12.5%
18. Patriot American Hospitality Inc. $ 21.563 $ 24.250 $ 2.687                        12.5%
19. Promus Hotel Corp. $ 29.625 $ 33.250 $ 3.625                                                12.2%
20. Studio Plus Hotels Inc. $ 15.750 $ 17.250 $ 1.500                                            9.5%
21. Servico Inc. $ 16.125 $ 17.625 $ 1.500                                                               9.3%
22. Starwood Lodging Trust $ 36.375 $ 39.000 $ 2.625                                        7.2%
23. La Quinta Inns, Inc. $ 19.125 $ 20.500 $ 1.375                                                7.2%
24. Host Marriott Corp. $ 16.000 $ 17.000 $ 1.000                                                6.3%
25. John Q. Hammons Inc. $ 8.500 $ 9.000 $ 0.500                                               5.9%
26. Hospitality Properties Trust $ 29.000 $ 30.625 $ 1.625                                  5.6%
27. Innkeepers Trust USA $ 13.875 $ 14.625 $ 0.750                                           5.4%
28. Walt Disney $ 69.625 $ 72.875 $ 3.250                                                             4.7%
29. President Casinos $ 0.688 $ 0.719 $ 0.031                                                        4.5%
30. MGM Grand Inc. $ 34.875 $ 36.250 $ 1.375                                                     3.9%
31. FelCor Suite Hotels Inc. $ 35.375 $ 36.750 $ 1.375                                         3.9%
32. Marcus Corp. $ 21.250 $ 21.875 $ 0.625                                                           2.9%
33. Mirage Resorts Inc. $ 21.625 $ 22.125 $ 0.500                                                2.3%
34. Equity Inns $ 13.000 $ 13.250 $ 0.250                                                              1.9%
35. Chartwell Leisure Inc. $ 13.750 $ 14.000 $ 0.250                                            1.8%
36. Aztar $ 7.000 $ 7.125 $ 0.125                                                                               1.8%
37. Red Roof Inns Inc. $ 15.500 $ 15.750 $ 0.250                                                  1.6%
38. Sonesta $ 9.750 $ 9.813 $ 0.063                                                                         0.6%
39. Interstate Hotels Co. $ 28.250 $ 28.250 $                                                       - 0.0%
40. Sunstone Hotel Investors Inc. $ 13.125 $ 13.125 $                                       - 0.0%
41. Supertel Hospitality Inc. $ 9.000 $ 9.000 $                                                     - 0.0%
42. HFS Inc. $ 59.750 $ 58.750 $ (1.000)                                                                 -1.7%
43. Prime Hospitality Corp. $ 16.125 $ 15.625 $ (0.500)                                       -3.1%
44. Sun International $ 36.500 $ 35.000 $ (1.500)                                                  -4.1%
45. Homegate Hospitality $ 8.375 $ 7.938 $ (0.437)                                              -5.2%
46. Winston Hotels Inc. $ 13.625 $ 12.875 $ (0.750)                                             -5.5%
47. ShoLodge $ 13.500 $ 12.750 $ (0.750)                                                              -5.6%
48. Rio Hotel Casino Inc. $ 14.875 $ 14.000 $ (0.875)                                            -5.9%
49. Homestead Village $ 18.000 $ 16.875 $ (1.125)                                                -6.3%
50. Lady Luck Gaming $ 1.875 $ 1.750 $ (0.125)                                                    -6.7%
51. Riviera Holdings Corp $ 14.250 $ 13.250 $ (1.000)                                          -7.0%
52. Hilton Hotels Corp. $ 26.250 $ 24.250 $ (2.000)                                                -7.6%
53. Candlewood $ 9.625 $ 8.875 $ (0.750)                                                               -7.8%
54. Sands Regent $ 2.875 $ 2.625 $ (0.250)                                                             -8.7%
55. Boykin Lodging $ 24.000 $ 21.875 $ (2.125)                                                     -8.9%
56. Century Casinos Inc $ 1.375 $ 1.250 $ (0.125)                                                 -9.1%
57. Players International $ 5.375 $ 4.875 $ (0.500)                                                 -9.3%
58. Marriott International Inc. $ 55.250 $ 49.750 $ (5.500)                                  -10.0%
59. Hudson Hotels $ 5.875 $ 5.250 $ (0.625)                                                         -10.6%
60. RFS Hotel Investors $ 19.750 $ 17.500 $ (2.250)                                            -11.4%
61. Planet Hollywood $ 19.750 $ 17.125 $ (2.625)                                                 -13.3%
62. Hollywood Park Inc. $ 15.000 $ 12.875 $ (2.125)                                            -14.2%
63. Alliance Gaming $ 4.375 $ 3.750 $ (0.625)                                                       -14.3%
64. Greate Bay Casino Corp $ 1.750 $ 1.500 $ (0.250)                                           -14.3%
65. Harrahs Entertainment $ 19.875 $ 17.000 $ (2.875)                                         -14.5%
66. Boomtown $ 8.750 $ 7.125 $ (1.625)                                                                 -18.6%
67. Jameson Inns. Inc. $ 13.250 $ 10.750 $ (2.500)                                               -18.9%
68. Station Casinos $ 10.125 $ 8.125 $ (2.000)                                                      -19.8%
69. US Franchise Systems $ 10.125 $ 8.000 $ (2.125)                                          -21.0%
70. Doubletree Corp. $ 45.000 $ 35.500 $ (9.500)                                                  -21.1%
71. Casino America $ 3.188 $ 2.500 $ (0.688)                                                         -21.6%
72. Choice Hotels International $ 17.625 $ 13.500 $ (4.125)                                -23.4%
73. Circus Circus $ 34.375 $ 26.000 $ (8.375)                                                          -24.4%
74. Trump Hotels $ 12.000 $ 9.000 $ (3.000)                                                           -25.0%
75. Extended Stay America Inc. $ 20.125 $ 14.750 $ (5.375)                                 -26.7%
76. Casino Magic Corp $ 2.500 $ 1.813 $ (0.687)                                                   -27.5%
77. Sodak Gaming $ 15.375 $ 10.750 $ (4.625)                                                        -30.1%
78. Grand Casinos Inc. $ 13.500 $ 9.375 $ (4.125)                                                 -30.6%
79. Stratosphere Corp $ 0.875 $ 0.594 $ (0.281)                                                    -32.1%
80. Signature Resorts $ 35.250 $ 23.500 $(11.750)                                                 -33.3%
81. Anchor Gaming Inc. $ 42.000 $ 27.875 $(14.125)                                             -33.6%
82. Boyd Gaming $ 8.250 $ 5.375 $ (2.875)                                                             -34.8%