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Indexers in Disguise?

Those actively managed mutual funds track the S&P 500 closely but charge more 
than index funds

FUND                                 TOTAL RETURN*  EXPENSE  SALES
                                     1-YR.   3-YR.   RATIO   CHARGE
COMPASS SELECT EQUITY INV. A         42.0%   24.7%   1.21%   4.50%
DREYFUS DISCIPLINED STOCK INV.       41.5    26.0    1.15    NONE
FIRST INVESTORS BLUE CHIP A          33.4    22.1    1.49    6.25
G.E. U.S. EQUITY A                   38.1    24.4    1.00    4.50
GOLDMAN SACHS CORE U.S. EQUITIES A   39.5    24.9    1.29    5.50
MFS MASSACHUSETTS INVESTORS A        37.6    26.2    0.74    5.75
PACIFIC HORIZON BLUE CHIP A          41.2    26.3    1.28    4.50
PERFORMANCE EQUITY CON. SERV.        37.8    24.7    1.06    NONE
STATE ST. RESEARCH INVESTMENT A      39.1    23.6    0.75    4.50
TOWER CAPITAL APPRECIATION A         39.2    25.6    1.24    4.50
VANGUARD INDEX 500                   40.5    26.5    0.20    NONE

* Appreciation plus reinvestment of dividends and capital gains before taxes, 
for periods ending Aug. 31, 1997. Three-year returns are annualized.

DATA: MORNINGSTAR INC.


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Updated Oct. 9, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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