Note: This is a description to be used if PFROI is "ARC'ed" for
distribution on an electronic bulletin board.

PFROI.ARC is an ARC'ed (compressed) file containing a full function 
version of the PFROI portfolio management shareware program (Ver 2.3+).  
PFROI features complete portfolio management including computation of 
return on investment (IRR method) before and after tax.  To use, you 
must de-ARC PFROI.ARC using the program ARC.EXE or ARCE or some similar 
program available on many BBS's.  Users who register with the program
publisher (Techserve, inc., POB 70056, Bellevue, WA 98007, Telephone: 
206 747 5598 / 800 826 8082) will receive an enhanced version of PFROI 
containing additional features.  (Regis. $20 + $3 S&H, subj. to change)

PFROI Portfolio Shareware
-------------------------
The PFROI portfolio software on this disk (or PFROI.ARC) is a shareware 
version of Techserve, inc.'s portfolio management software.  Features 
include: 
     
* easy data input format (unlike clumsy formats found on many 
  commercial packages)
     
* computation of true return on investment (IRR method) on
  portfolio and securities within before and after taxes.
  (again a key feature omitted on many commercial packages)
     
* numerous reports including capital gains, dividend & interest
  reports useful for tax preparation and a detailed open lot
  report useful for tax planning.
     
* several tax lot assignment methods including FIFO, average
  cost and specific assignment.  Tax rates are user-configurable
  (flexible for tax law changes) and estimated taxes computed (again 
  useful for tax planning).  
     
* valuation graphics (CGA & Hercules supported).
     
* support of just about every security type (stocks, bonds, mutual
  funds, cd's, depreciable assets, options, etc.) with many transaction
  types including reinvestment of dividends, interest and capital
  gains.
     
* output to printer, text file or screen.