ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SUNDAY, February 17, 1991                   TAG: 9102170277
SECTION: VIRGINIA                    PAGE: D-5   EDITION: METRO 
SOURCE: 
DATELINE: CHARLOTTESVILLE                                LENGTH: Short

DIVESTMENT EFFORT SLOW AT UNIVERSITY

The University of Virginia owns stocks and bonds worth nearly $11 million in five companies with ties to South Africa, a year after voting to see holdings in companies that operate there because of the country's apartheid laws.

But school officials say they are going slowly so as not to jeopardize the school's endowment.

"It takes time to do this, and we won't jeopardize our endowment's worth," school spokeswoman Louise Dudley said. After the divestment vote, university officials said they would try to sell the stocks over two years to avoid taking losses.

Dudley said the board may decide to change the policy if apartheid is destroyed. When the board voted, members said that if the South African situation changed they would reconsider the decision, she said. - Associated Press 


 by CNB