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The Worst Returns

Gold funds took a hit from the Bre-X scandal. Small-cap funds continued to be sluggards, but maybe the worst is behind them

                                  TOTAL RETURN*

CALVERT STRATEGIC GROWTH A            -20.90%
FRONTIER EQUITY                       -19.96
IDS PRECIOUS METALS A                 -19.75
BULL & BEAR GOLD INVESTORS            -18.78
MIDAS                                 -18.25
UNITED SERVICES GOLD SHARES           -17.14
FONTAINE GLOBAL GROWTH                -16.83
INVESCO STRATEGIC GOLD                -15.65
STEADMAN TECHNOLOGY GROWTH            -14.10
MFS GOLD & NATURAL RESOURCES B        -14.06
AMERICAN CENTURY GLOBAL GOLD          -12.80
EV MARATHON WORLDWIDE DEV. RES.       -12.79
LEXINGTON STRATEGIC INVESTMENTS       -12.28
PIMCO PRECIOUS METALS C               -12.28
LEXINGTON GOLDFUND                    -12.06
PBHG CORE GROWTH                      -12.05
STRONG SMALL CAP                      -12.00
VAN ECK GOLD OPPORTUNITY A            -11.97
GT GLOBAL NATURAL RESOURCES B         -11.60
BB&T SMALL COMPANY GROWTH A           -11.57
FIDELITY SELECT PRECIOUS MTLS. & MIN. -11.56
SCUDDER GOLD                          -11.51
GOVETT SMALLER COMPANIES A            -11.49
VAN ECK GOLD/RESOURCES A              -11.36
VAN WAGONER MICRO-CAP                 -11.16
PERKINS OPPORTUNITY                   -11.10%
RYDEX URSA                            -11.08
PARKSTONE SMALL CAP INV. A            -10.92
PIMCO OPPORTUNITY C                   -10.89
CAPPIELLO-RUSHMORE GOLD               -10.84
DEAN WITTER PRECIOUS METALS & MIN.    -10.81
RYDEX PRECIOUS METALS                 -10.63
AMERICAN CENT-20TH CENT. VISTA INV    -10.61
MONTEREY OCM GOLD                     -10.46
SUNAMERICA SMALL COMPANY GROWTH A     -10.34
VAN ECK INTL INVESTORS GOLD A         -10.26
VAN WAGONER EMERGING GROWTH           -10.24
COMSTOCK PARTNERS CAPITAL VALUE A      -9.86
PBHG GROWTH PBHG                       -9.55
FIDELITY SELECT AMERICAN GOLD          -9.48
USAA GOLD                              -9.41
FIDELITY SELECT NATURAL GAS            -9.41
PBHG EMERGING GROWTH                   -9.29
COMPASS CAPITAL SMALL CAP GR. INV. A   -9.28
AMERICAN CENT-20TH CENT. GIFTRUST      -8.73
GABELLI GOLD                           -8.60
KEYSTONE PRECIOUS METALS HOLDINGS      -8.58
IAI EMERGING GROWTH                    -8.57
BLANCHARD PRECIOUS METALS              -8.51
FORTIS ADVANTAGE CAPITAL APPREC. A     -8.47

*APPRECIATION PLUS REINVESTMENT OF DIVIDENDS AND CAPITAL GAINS BEFORE TAXES, JAN. 1-MAY 30, 1997 DATA: MORNINGSTAR, INC.


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Updated June 15, 1997 by bwwebmaster
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