Instuitional Investor - Drexel Morgan & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	At&T Inc.	T	5,123,320	$116,657,996	24.06%
2.	Cleveland-Cliffs Inc.	CLF	4,300,395	$40,423,713	8.33%
3.	Johnson & Johnson	JNJ	216,257	$31,275,087	6.45%
4.	International Business Machines Corp	IBM	139,735	$30,717,945	6.33%
5.	Coca Cola Co	KO	456,411	$28,416,149	5.86%