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Expected Splits
Sunday, December 17, 2000

                                       Date Expected
Symbol         Company                 To Announce

DUK            Duke Energy               12/20

DUK - Duke Energy $82.69 (-3.06)

If you have taken a close look at your utility bill recently, it becomes immediately apparent why energy companies have rocketed to new highs. The combination of rising energy prices and falling temperatures has taken these stocks to new highs this year. Duke is no exception. We anticipate a 2:1 stock split announcement to come out of the company's Board of Directors meeting on Wednesday, December 20th. Duke last split at $55.63 on 09/28/90 as a result of an announcement from a BoD meeting. With 1 billion shares authorized and 369 million issued, Duke has plenty of room for a 2:1 split.


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