These funds earned A's for risk-adjusted returns when compared with their 
peers


                                   AVERAGE ANNUAL
FUND                                TOTAL RETURN*

ULTRASHORT
MSDW PRIME INCOME TRUST**               7.6%

SHORT (GENERAL)
BT INVESTMENT LIFECYCLE SHORT**         9.1
FIRST AMERICAN LTD.-TERM INCOME A**     5.5
HARBOR SHORT DURATION                   5.8
HOTCHKIS & WILEY LOW DURATION           7.5
PIMCO LOW DURATION INSTL.               6.8

INTERMEDIATE (GENERAL)
BABSON BOND S                           6.1
DREYFUS BASIC GNMA                      6.7
FPA NEW INCOME                          6.9
FREMONT BOND                            8.0
HARBOR BOND                             7.6
MONETTA INTERMEDIATE BOND**             7.4
MORGAN GRENFELL FIXED-INCOME            7.4
PIMCO TOTAL RETURN III INSTL.           8.0
PIMCO TOTAL RETURN INSTL.               7.9
STRONG CORPORATE BOND                   9.4
WARBURG PINCUS FIXED-INCOME COMM.**     7.1

LONG (GENERAL)
EQUITRUST HIGH-GRADE BOND**             6.4
INVESCO SELECT INCOME                   8.4

SHORT GOVERNMENT
FFTW LIMITED DURATION**                 6.1
MONTGOMERY SHORT-DUR. GOVT. BOND R      6.4
SEI DAILY SHORT-DUR. GOVT. A**          5.9
SIT U.S. GOVERNMENT SECS.               6.6

INTERMEDIATE GOVERNMENT
ACCESSOR MORTGAGE SECURITIES            6.9
AMERICAN CENT.-BENHAM GNMA INV.         6.7
FEDERATED INCOME INSTL.                 6.7
FIDELITY MORTGAGE SECURITIES INIT.      7.8
FIDELITY SPARTAN GINNIE MAE             7.0
LEXINGTON GNMA INCOME                   7.3
SMITH BREEDEN INTERM. DUR. GOV.**       6.9
USAA GNMA                               7.3
VANGUARD GNMA                           7.4

LONG GOVERNMENT
WASATCH-HOISINGTON U.S. TREASURY**     10.1

CONVERTIBLES
CALAMOS GROWTH & INCOME A**            16.2

HIGH-YIELD
COLUMBIA HIGH-YIELD**                   9.1
FIDELITY HIGH-INCOME                   10.8
MAINSTAY HIGH-YIELD CORP. BOND B        9.7
PIMCO HIGH-YIELD INSTL.                10.7

INTERNATIONAL
FFTW WORLDWIDE FIXED-INCOME HEDGED     10.6
GOLDMAN SACHS GLOBAL A                  8.1
PAYDEN & RYGEL GLOBAL FIXED-INCOME R    8.1
PIMCO FOREIGN BOND INSTL.              10.0

MULTISECTOR
T. ROWE PRICE SPECTRUM INCOME           8.6

MUNICIPAL SHORT
DAVIS TAX-FREE HIGH-INCOME B            5.3%
SIT MINN. TAX-FREE INCOME               6.5

MUNICIPAL NATIONAL INTERM.
DELAWARE NATL. HIGH-YIELD MUNI. A       6.9
MORGAN GRENFELL MUNI. BOND              6.2
T. ROWE PRICE SUMMIT MUNI. INTERM.      6.1
SIT TAX-FREE INCOME                     6.7
VAN KAMPEN HIGH-YIELD MUNI. A           7.4

MUNICIPAL NATIONAL LONG
COLONIAL HIGH-YIELD MUNI B              6.1
FRANKLIN FED. TAX-FREE INCOME A         6.0
FRANKLIN HIGH-YIELD T/F INCOME A        6.9
T. ROWE PRICE SUMMIT MUNI. INCOME       7.0
T. ROWE PRICE TAX-FREE HIGH-YIELD       6.4
STEIN ROE HIGH-YIELD MUNIS              6.4
STRONG HIGH-YIELD MUNI. BOND            7.4
UNITED MUNICIPAL HIGH-INCOME A          7.6

MUNICIPAL CALIF. INTERM.
MONTGOMERY CALIF. T/F INTRM. BOND R**   5.8

MUNICIPAL CALIF. LONG
AMERICAN CENT.-BENHAM CA. MUNI. H-Y**   6.9
FRANKLIN CALIF. HIGH-YIELD MUNI. A      7.3
FRANKLIN CALIF. TAX-FREE INCOME A       6.3

MUNICIPAL NEW YORK INTERM.
BERNSTEIN N.Y. MUNICIPAL                5.0

MUNICIPAL NEW YORK LONG
FRANKLIN N.Y. TAX-FREE INCOME A         5.9
T. ROWE PRICE N.Y. TAX-FREE             6.0

MUNICIPAL SINGLE-STATE INTERM.
COLORADO BONDSHARES**                   7.9
DELAWARE-VOYAGEUR T/F MINN. INT. A      4.7
DREYFUS PA. INTERM. MUNI. BOND**        6.2
IDAHO TAX-EXEMPT**                      5.6
SEI TAX-EXEMPT PA. MUNI. BOND A**       5.3
THORNBURG N.M. INTERM. MUNI. A          4.9

MUNICIPAL SINGLE-STATE LONG
DUPREE TENNESSEE TAX-FREE INCOME        7.6
EVERGREEN FLA. HIGH-INCOME MUNI. A      7.1
FIDELITY SPARTAN PA. MUNI. INCOME       5.9
FRANKLIN FLA. TAX-FREE INCOME A         5.9
FRANKLIN GA. TAX-FREE INCOME A          5.5
FRANKLIN IND. TAX-FREE INCOME**         5.5
FRANKLIN LA. TAX-FREE INCOME A**        5.6
FRANKLIN MASS. INS. T/F INCOME A        5.6
FRANKLIN MICH. INS. T/F INCOME A        5.6
FRANKLIN PA. TAX-FREE INCOME A          5.8
FRANKLIN PUERTO RICO TAX-FREE INC. A    5.8
FRANKLIN TEXAS TAX-FREE INCOME A**      5.9
LEGG MASON MD. T/F INCOME PRIM.         5.5
MONTANA TAX-FREE**                      5.2
T. ROWE PRICE MARYLAND TAX-FREE**       5.8
T. ROWE PRICE VIRGINIA TAX-FREE**       6.0
TAX-FREE FUND OF VERMONT**              5.5
USAA VIRGINIA BOND**                    6.0
VANGUARD PA. INS. LONG TAX-EXEMPT       5.9


*1994-1998 pretax returns, includes appreciation plus reinvestment of 
dividends and capital gains

DATA: MORNINGSTAR INC.