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The Best Closed-End Funds

These funds have earned three upward-pointing arrows, the highest rating for 
risk-adjusted total return for the 1993-95 period.

EQUITY FUNDS
                  AVERAGE ANNUAL      RISK    INVESTMENT
                  TOTAL RETURN*               CATEGORY
CENTRAL SECURITIES   26.7%            Low     U.S.
CHILE                25.5             High    Latin America
FIRST FINANCIAL      35.6             Low     U.S.
IRISH INVESTMENT     22.4           Average   Europe
KOREA                26.9             High    Pacific
SWISS HELVETIA       24.8             Low     Europe
BOND FUNDS
ACM MANAGED INCOME   16.5             High    Multisector
APEX MUNICIPAL        7.9           Very low  Municipal
COLONIAL MUNICIPAL    6.3           Very low  Municipal
INCOME
FRANKLIN UNIVERSAL   13.5           Average   Multisector
MFS MUNICIPAL INCOME  7.6           Very low  Municipal
NEW AMERICA HIGH     17.1             Low     Corp.-High-Yield
INCOME
NUVEEN NY PERFORM.    9.0             Low     Municipal
PLUS MUNI.

*1993-95, pretax return based on appreciation of net asset value plus 
reinvestment of dividends and capital gains

DATA: MORNINGSTAR INC.


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Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
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