S&P tops all-American municipal analysts' teams.

Standard & Poor's Corp. continues to dominate the ranking of municipal analyst teams across the United States. S&P had the top team in 1990, 1991, and 1992.

S&P's team is led by Hyman Grossman in the State, City, and County GO sector, William Chew in the Power Bond area, and David Hitchcock in Special District GO.

Phil Edwards in die Water and Sewer Revenue Bond Category, Philip Baggaley in Transportation, Todd Whitestone in Health Care, and Bob Serdling in Special Revenue, all contributed to the win for S&P.

Fitch finished second in the 1992 team rankings. Fitch's Claire Cohen won top honors in the State, City, and County General Obligation Bond category for the third year in a row. Alan Spen of Fitch, also continued a three time All-American Municipal Analyst streak.

Mark H.S. Cohen of Fitch joined the first team ranks as the top Bond Insurance and Letter of Credit analyst.

Andrea Bozo's second team finish in Transportation, Edward Merrigan's second team placement in Health Care, and Ruth Corson Maynard's second team honors in Regional Analysts also boosted Fitch in the rankings.

Lehman soared from sixth place in 1991 to third in 1992. Gary Krellenstein's performance was supported by Mark Piliero's second team tally in the Special Revenue bond sector. Mr. Piliero had a dog fight with Thomas Buckmeyer of Smith Bamey, Harris Upham & Co., but Mr. Buckmeyer won.

Susan Dushock in the Housing sector, Julie Marrone in Health Care, and Lina Brandow in Higher Education also helped the team.

John Nuveen & Co. continues to be the top-ranked team among the fund managers. Peter Fugiel's strong win in the Housing sector once again led Nuveen's team, along with Katherine Bateman's first team finish in Higher Education and John Illyes' first team honors in the Lease-Backed sector.

Nuveen's Cadmus Hicks in the generalist category and Jerry Lepinski in the Gas and Electric Power Bond made Nuveen the top research group among the funds.

Smith Barney Up Two Notches

Smith Barney, Harris Upham & Co. rounds out the top five in the 1992 All-American Municipal Analyst Team rankings.

George Friedlander, co-first team Portfolio Strategist, and Thomas Buckmeyer, first team Special Revenue analyst, led the team.

Smith Barney moved up from seventh place, to fifth in the All-American Municipal Analyst Teams.

Merrill Lynch & Co. dropped from fifth last year, to finish sixth in the rankings.

Merrill was led by first team All-American Water and Sewer bond analyst Christopher Mauro.

Sylvan Feldstein, last year's first team All-American Municipal Bond generalist, finished on the second team in 1992.

John Hallacy III finished only slightly off the pace set by first team finisher Tom Kenny of Franklin and second team analyst Moira McGrane of Bear Steams & Co. in the Special Assessment category.

On Merrill's team, Kurt Van Kuller had a much stronger showing in 1992, with a second team appearance in Housing.

Goldman, Sachs & Co. and Dean Witter Reynolds tied for sixth in the rankings. Goldman moved up from eighth place in 1991 and Dean Witter returned to the top 10.

Goldman's team totals were led by Aaron Gurwitz, co-first team All-American Municipal Portfolio Strategist, Joseph Coleman in the Municipal Bond Generalist category and Elizabeth Schupf in Transportation. Judy Wesalo's following in Health Care was not enough to catch Edward Merrigan of Fitch or the three-time first team Health Care Analyst Glenn Wagner.

Dean Witter Reynold's team was led by Robert Chamberlin's second team status in the Municipal Bond Generalist group and Mark Tennenhaus's first team finish in the Regional Analysts sector.

DWR'S team was bolstered by Jeffrey Lipton in Special Assessment and Gerald Lian in Housing.

Moody's team finished 10th in 1990, fourth in 1991, and eighth in 1992. William deSante-was unseated from his two-time first team All-American Bond Insurance and LOC post by Mark H.S. Cohen of Fitch.

Jeffrey Rizzo, in the Regional Analysts sector, finished first in 1991, but didn't make the top two team in 1992.

Moody's Craig Atwater finished slightly behind Nuveen's Mr. Lipinski for second team honors in Gas and Electiic Power bonds. George Solati did well in the Housing s did John Goetz in Health Care.

Donaldson, Lufkin & Jenrette Securities broke into the top 10 in 1992 based on Donna LoCascio's first-team stature in Transportation issues and William Fish's always strong showing as Municipal Bond Generalist.

Tom Erik-Bockman Pederson supported DLJ's rankings in the tough Health Care area. Amelia Murphy added to the total in the State, City, and County GO area.

Loews CNA Holdings and Franklin Group of Funds tied for 10th place in the rankings.

Frank Trumbour and George Gregorio led Loews' surge in the rankings. Frank Trumbour finished on the second team in the Municipal Bond Generalist category, only slightly behind Richard Ciccerone.

In the High Yield sector. Nancy Utterback, edged out George Gregorio in final balloting.

Loews' team made the top 10 with solid tallies of Philip Cunningham and William Kennedy in Housing.

Franklin's Tom Kenny took first team honors in the Special Assessment area.

Rafael Costas posted impressive figures in the Gas and Electric Power bond sector along with Jeffrey Wilson in Housing and Thomas

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