IF IT MOVES, DAVID PULLMAN MIGHT SECURITIZE IT

BY AARON ELSTEIN

If Wall Street in the 90's is remembered for anything besides the raging bull market, it could be for people like Fahnestock & Co.'s David Pullman, demonstrating how some investors will buy just about anything.

Earlier this month, Mr Pullman, a senior vice president, packaged and sold $55 million in securities backed by anticipated royalties from future sales of David Bowie records.

A single investor, the Prudential Insurance Co., would up buying the entire package, which offered an "intermediate maturity" and a substantial 7.9% yield.

AMERICAN BANKER, Friday, February 28, 1997, page 1.