SIGNUPABOUTBW_CONTENTSBW_+!DAILY_BRIEFINGSEARCHCONTACT_US


The Bond Fund Leaders

         TAXABLE FUNDS
                                        TOTAL RETURN*
MORGAN STANLEY INST. EMG. MKTS. DBT. A       14.30%
PHOENIX EMERGING MARKETS BOND A              13.63
FIDELITY ADVISOR EMG. MKTS. INC. T           10.37
MERRILL LYNCH AMERICAS INCOME B              10.32
GT GLOBAL HIGH-INCOME B                      10.17
FIDELITY NEW MKTS. INCOME                    10.16
T. ROWE PRICE EMG. MKTS. BOND                10.15
ALLIANCE GLOBAL DOLLAR GOVT. B                8.97
BEAR STEARNS EMG. MKTS. DEBT A                8.01
MORGAN GRENFELL EMG. MKTS. DEBT               7.36
AVERAGE OF 1312 FUNDS                         1.48

          TAX-FREE FUNDS
                                         TOTAL RETURN*
STRONG HIGH-YIELD MUNICIPAL BOND              2.46%
EV TRADITIONAL HIGH-YIELD MUNICIPALS          2.42
EXCELSIOR LONG-TERM TAX-EXEMPT                2.23
BLANCHARD FLEXIBLE TAX-FREE BOND              2.19
TRANS ADVISER KY TAX-FREE                     2.14
OPPENHEIMER TAX-FREE BOND A                   2.12
SMITH HAYES NE TAX-FREE                       2.11
NUVEEN PA TAX-FREE VALUE R                    2.09
KEMPER STATE TAX-FREE INCOME TX A             2.09
PAINEWEBBER MUNICIPAL HIGH-INCOME A           2.07
AVERAGE OF 1024 FUNDS                         1.20

*APPRECIATION PLUS REINVESTMENT OF DIVIDENDS AND CAPITAL GAINS BEFORE TAXES, 
JULY 1-SEPT. 23, 1996       DATA: MORNINGSTAR INC.


SIGNUPABOUTBW_CONTENTSBW_+!DAILY_BRIEFINGSEARCHCONTACT_US


Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.
Terms of Use