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Expected Splits
Sunday, June 10, 2001

                                       Date Expected
Symbol         Company                 To Announce

PDLI           Protein Design Labs        6/14

PDLI - Protein Design Labs $84.69 (+10.58)

PDLI declared their last split at $187, but the current price of $89 is nearing popular psychological levels for split announcements. The company is holding a shareholder meeting on 6/14 to increase authorize shares from 90 million to 250 million, giving us an indication that if PDLI is thinking about splitting. We are targeting 6/14 as the most likely date for another 2:1 split announcement.


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