11.   A number of foundations and universities, including Harvard and Johns Hopkins, have abandoned tobacco stocks in recent years, but few public pension funds have followed suit.

12.   But have the times truly changed where tobacco stocks are concerned?

13.   But McCall maintained that the state, as a major shareholder of tobacco stock, could pressure tobacco companies to change bad practices, like marketing cigarettes to teen-agers.

14.   Butterworth also said the board members could not be held liable if the state lost money by selling its tobacco stock.

15.   But whether any South Africa-style boycott of tobacco stocks would have much effect remains an open question.

16.   David Adelman, an analyst at Dean Witter Reynolds, said the importance of the case has lessened because tobacco stocks have rallied since the verdict.

17.   Despite the recent declines in tobacco stocks, few believe Fidelity has lost its taste for smoking.

18.   Fears about the closely watched case had depressed tobacco stocks.

19.   Falling tobacco stocks, they said, showed that investors feared that a President Al Gore would be even tougher on cigarettes.

20.   For the long-running litigation that has helped depress the price of tobacco stocks, Crary sees little relief.