Monday     -  This is the file that was from raymond james & associates

January 3, 2000 Morning News

Alabama National Bancorporation

Cash America

ChoicePoint

SportsLine

Banking Industry Brief

Banking & Financial Services Brief

Computer Sales Channel

Oilfield Stat of the Week

Written Research

Cash America International (PWN) Neutral (3) 3-yr EPS Growth 5%

Dick Bove Current Price $9.75 98A 99E 00E Rev Growth 1%

(727) 573-3800 x32288 Target Price $0.48 $0.25 $0.05 Market Cap $248 mil

WE ARE REDUCING FY2000E FROM $0.45 to $0.05. Cash Americas earningsand its shareshave been under pressure,

due to weakness in the pawn industry and expenses in non-pawn businesses. As the costs associated with affiliate InnoVentry

escalate in the near term, we are lowering our EPS estimates. We await the success of InnoVentry and look for signs of an

economic slowdown, which we believe is a prerequisite for the recovery of the domestic lending business.

ChoicePoint, Inc (CPS) Buy (1) 3-yr EPS Growth 20%

Dick Bove Current Price $41.38 98A 99E 00E Rev Growth 19%

(727) 573-3800 x32288 Target Price $50.00 $1.09 $1.29 $1.62 Market Cap $1,221 mil

All indications are that the upcoming fourth quarter will be strong. We expect the company to meet or exceed our $0.36 per

share estimate, or 24% earnings growth. Continued margin expansion should drive the companys fourth quarter earnings.

ChoicePoint is benefiting from the turmoil currently affecting the insurance industry. Its enhanced suite of database products are

in high demand from property and casualty insurers.

SportsLine (SPLN) Buy (1) 3-yr EPS Growth NM

Phil Leigh Current Price $50.13 98A 99E 00E Rev Growth 58%

(727) 573-3800 x32287 Target Price $79.00 ($1.89) ($2.48) ($2.06) Market Cap $1,168 mil

We believe that the recent stock price weakness in SportsLine presents a good buying opportunity. It appears that there was a

large block of stock for sale late last week. The market action suggests that the seller was desirous of getting the block moved by

the end of the year. It therefore appears that the stock price weakness merely reflected technical factors and no fundamental

change in the favorable business prospects for the company.

Oilfield Stat of the Week

Marshall Adkins (713) 789-3551

We believe that 2000 will be the year that the oil and gas markets witness a clear inflection point in the supply and demand

fundamentals for both oil and gas. While one could argue that the gas markets experienced their first inflection point in the

winter of 95/96, we remain optimistic that 2000 will see another step change in gas prices up to the $3 per mcf range. Despite

the warm start to the winter, recent gas storage withdrawal data points confirm our opinion that the natural gas market is truly

under-supplied and that prices must reach a higher plateau before sufficient drilling activity can reverse this under-supplied

condition.

Computer Sales Channel

Bob Anastasi (727) 573-3800 x32286

Raymond James analysts Bob Anastasi and Shawn Severson published the results of their 4 th Quarter PC/IT demand survey on

Dec. 29. RJ will host a conference call for institutional clients on Monday January 3 at 3 p.m., there will be roughly 15 minutes

of prepared comments to review the survey and 30 minutes of Q&A. Please call RJ sales at 800-237-5643 for reservations and a

dial in number.

Verbal Research

Banking Industry

Dick Bove (727) 573-3800 x32288

While investors in technology and Internet stocks are congratulating themselves on their outstanding capital gains in 1999, bank

and financial stock investors are literally crying in their beers (at least those who can afford a beer are doing so). This past year

was one of the worst ever for bank and financial stock investors on a relative basis. More discouraging, it appears to investors,

that the end of the banking tunnel is blocked by a landslide  there is no light. Bank managements remain as clueless, as they

have been for some time, as to how to create value for their shareholders. Near-term issues continue to be disheartening. Loan

losses will grow slightly in the coming year and interest rates are likely to move much higher still.

Research Released Intra-Day: Friday, December 31, 1999

Alabama National Bancorporation (ALAB)  BUY (1) 3-yr EPS Growth 10%

Richard Bove Current Price $18.75 98A 99E 00E Rev Growth 11%

(727) 573-3800 x32288 Target Price $29.00 $1.55 $1.97 $2.17 Market Cap $208 mil.

The selling in Alabama National Bancorporation continues. We have spent some time with management confirming our

estimates of $1.97 per share for 1999, $2.17 per share for 2000, and $2.35 per share for 2001. Therefore, we feel confident that

the fundamentals of this company continue to be quite sound and the bank continues to be well run. However, as indicated in a

series of other comments, investors simply lack interest in purchasing bank stocks. Conceptually, these companies seem to them

to be no-growth business models. Thus, despite the fact that Alabama National is growing at 10% plus per year and has never

missed a number as a public company, the stock languishes because the company is in the wrong place at the wrong time. When

value investors return to this market, Alabama Nationals stock price should meaningfully outperform.

Banking and Financial Services

Richard Bove - (727) 573-3800 x32288

An article in todays edition of the Wall Street Journal reinforces our current view of the pawn industry  that while the

economy is booming, the effects of even a mild slowdown are likely to have a magnified effect on the typical American

household. The article, U.S. Boom: Living on a Borrowed Dime?, (page C1) looks at household debt relative to income level

and current stock market values. In summary, the economic outlook is still good, but not quite as good as it has been. The

American household is typically enjoying steady income, but instead of saving, these households are borrowing to spend more

and as a result, increasing their vulnerability to future slowdowns. We are not predicting a slowdown at this time  instead we

would only like to point out that economic speed bumps in the coming year could feel like sinkholes to an increasing portion of

American households. This would be good news for pawnshops.

The Raymond James Financial Center, 880 Carillon Parkway, St. Petersburg, FL 33716

Institutional clients may call for additional information: Research 800-237-5643  Trading 800-237-8426

All expressions of opinion reflect the judgment of the Research Department of Raymond James & Associates, Inc., (RJA) at this date and are subject to change. Information has been obtained from sources considered reliable, but we do not guarantee that the foregoing report is

accurate or complete. Other departments of RJA may have information which is not available to the Research Department about companies mentioned in this report. RJA or its affiliates may execute transactions in the securities mentioned in this report which may not be consistent

with the report s conclusions. RJA may perform investment banking or other services for, or solicit investment banking business from, any company mentioned in this report. For institutional clients of the European Economic Area (EEA): This document (and any attachments or

exhibits hereto) is intended only for EEA Institutional Clients or others to whom it may lawfully be submitted.

2000 Raymond James & Associates, Inc.