Jonathan Fuerbringer


 Forget About the S. & P. 500; Consult the Hit Parade


David Pullman, managing director of Pullman Group, made

his fame on Bowie Bonds, in which he packaged future

royalties from David Bowie's 300-some song catalogue as

a $55 million bond. He followed it with bonds from the

Motown producing-songwriting hit machine of Brian

Holland, Lamont Dozier and Eddie Holland, authors of

"Baby Love" and "Ain't Too Proud to Beg," and from other

songwriters with enough royalties to package and sell.


Now Pullman, with Barnumesque brio, is about to announce

a similar deal, which he says will be in "eight

figures," for the hits of Nick Ashford and Valerie

Simpson, including "Ain't No Mountain High Enough" and

"Reach Out and Touch (Somebody's Hand)."


Anne Schmid, who manages bonds for private investors at

Horan & Associates in Baltimore, likens securing a bond

on royalties to hitching it to Hula Hoop sales. But

Pullman is upbeat. "Everybody and their brother has

tried to copycat us, but nobody can," he boasts.