Prime Stock Advisory Letter for January 15th, 1999

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Company: Avenue Entertainment.      Symbol: 'PIX'        Closing Price: $3.25/share.
YH: $7.50     YL: $1.625       EPS: ($0.56)      P/E: N/A          Forecasted EPS: N/A
Price Target:  $7.50 near term,   $15.00+ longer term          Downside Stop:  none
Shares Outstanding:  4.11 million est. Public Float:  2.1 Million est.

Company Description: This company is an independent film production company.

Recent News:  10/15  Avenue Entertainment begins production of "Letters from a Wayward Son"

Our Analysis:  This company is the independent film production company for Gary Brokaw who has produced a string of very commercial and critically successful films including  "Kiss of the Spiderwoman" and "The Graduate".  The company recently completed the film "Finding Graceland" with Harvey Kietel and Bridgette Fonda that it is negotiating the release of.  A moderate amount of success for this film will generate substantial profits for Avenue Entertainment.  In addition to this,  Avenue Entertainment recently completed the filming of "Letters from a Wayward Son" starring Harry Connick, Jr.  I am expecting this company to continue to produce high quality motion pictures that are commercially profitable for the company.  In addition to this it produces made for television movies that is a very profitable line of business.  I am expecting to see increased investor interest in this company as its movies begin to reach the theaters in the very near future.