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Lawrence Joins Dain Rauscher Wessels as E-Auto Sector Analyst

8 December 1999

Lawrence Joins Dain Rauscher Wessels as E-Auto Sector Analyst

    MINNEAPOLIS, Dec. 8 -- Jonathan Lawrence has joined Dain
Rauscher Wessels, a division of Dain Rauscher Incorporated, as an equity
research analyst.  He joins the firm's technology research team, focusing on
e-commerce in the auto industry as well as auto manufacturers and suppliers.
    Previously, Lawrence was a domestic and emerging markets automotive sector
research analyst at Bear Stearns & Co. and Sanford C. Bernstein & Co., both in
New York.  Prior to that, he was a research analyst for Battelle, U.S.
Department of Energy in Washington, D.C.  Lawrence holds a bachelor's degree
in international studies from Johns Hopkins University and a master's degree
in international economics and energy, environment, science and technology
from the Paul H. Nitze School for Advanced International Studies at Johns
Hopkins University.
    "Jonathan is an example of DRW's commitment to new growth sectors that
have emerged from the Internet," said John Adams, director of research at Dain
Rauscher Wessels.  "He will focus on the Internet's impact on materials
procurement, assembly and distribution within the automotive industry.  In
addition, he will focus on emerging technologies that will begin to reshape
the automotive industry.  We are excited to have Jonathan join our New York
team."
    The Dain Rauscher Wessels division includes equity research, equity
trading, institutional equity sales and corporate finance.  The division's 36
analysts focus on five industries:  consumer, energy, financial services,
health care and technology.  Currently, the analysts follow nearly 400
companies.  The division, which employs 350 people, has offices in Austin,
Texas; Boston; Dallas; Houston; Minneapolis; Menlo Park, Calif.; New York
City; San Francisco; and Seattle.
    Minneapolis-based Dain Rauscher Incorporated, now celebrating its 90th
year, provides investment services to individual investors and small
businesses through offices in 26 predominantly western states, investment
banking services to corporations and municipalities nationwide, and trade
clearing and settlement services to non-affiliated broker-dealers throughout
the United States and abroad.  Dain Rauscher Incorporated is a member of the
New York Stock Exchange and other major securities exchanges, as well as the
Securities Investor Protection Corp.  Dain Rauscher Corporation, its holding
company, trades on the New York Stock Exchange under the symbol DRC.  The
company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St.