Instuitional Investor - Drexel Morgan & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	At&T Inc.	T	4,123,320	$116,607,490	24.47%
2.	Cleveland-Cliffs Inc.	CLF	4,389,075	$36,078,197	7.57%
3.	Johnson & Johnson	JNJ	216,257	$35,864,061	7.53%
4.	International Business Machines Corp	IBM	139,735	$34,746,505	7.29%
5.	Coca Cola Co	KO	456,411	$32,688,156	6.86%