Griffin Speculators Investment Club
(TSCO)                                 www.tesco.co.uk

Operation of retail superstores and associated activities

Why we bought the share

The proposed purchase of Asda by Walmart has in a number of
analysts eyes led to an over reaction in terms of affect on
other retailers' share price. Tesco fell 10% on last week.
This is perhaps the time to buy.

Wal-mart is also currently being credited with the ability to
walk on water with their skill in trading outside North
America so far unproven. Tesco's distribution system is rated
far ahead of Asda.

The Sunday Business & others view the proposed tie-up as a
catalyst to accelerating the process of retailer consolidation
across Europe.
Tesco are expected to emerge winners in this process.


And since ...

Up around 30p initially then set off in a downward trend. Seems to be moving out of the downward trend and around 16p up at present.

01 December 1999 - Dividend of £3.90 received.

STANDING DATA

**************************************************************
COMPANY NAME.......Tesco PLC
**************************************************************
ACTIVITIES.........Operation of retail superstores and associated
activities

HEAD & REGISTERED
OFFICE.............Tesco House, Delamare Road, Cheshunt,
Hertfordshire, EN8 9SL, Tel: (01992) 632222, Tlx:
24138, Fax: (01992) 630794

DOMICILE...........UK

AIC SECTOR.........

AIC SUB SECTOR.....
INDEX..............FTSE 100 .

REGISTRARS.........Lloyds TSB Registrars, Worthing
AUDITORS...........PricewaterhouseCoopers
SOLICITORS.........Berwin Leighton
STOCKBROKERS.......Deutsche Bank AG
Morgan Stanley & Co Intl Ltd
FINANCIAL PR.......Financial Dynamics
PROP ADVISERS......Healey & Baker
INS AGENTS.........Aon Risk Services<BR>


DATES/EVENT LATEST EXPECTED
INTERIM ANN 22/09/98 22/09/99
YEAR END 27/02/99 22/02/00
PRELIM ANN 13/04/99 13/04/00
ANNUAL REPORT 12/04/99 12/04/00
AGM 04/06/99 04/06/00