FUND NAME*                        1999     3-YEAR      M-**    STANDARD
                                  RETURN   ANN. RET.  SQUARED  DEVIATION**

VAN WAGONER EMERGING GROWTH       268.8%    41.2%      20.2%     66.5
WARBURG PINCUS ADV. JAPAN SMALL   263.9     43.8       24.3      50.0
AMERINDO TECH. D                  234.2     58.2       23.0      94.4
FIDELITY JAPAN SMALL              210.0     40.0       22.3      50.6
WARBURG PINCUS ADV. JAPAN GROWTH  206.3     43.7       26.3      44.1
PBHG TECH. & COMM.                196.3     45.2       24.4      53.1
VAN WAGONER MICRO-CAP             189.1     37.4       20.0      56.8
INTERNET                          184.9     89.2       28.2      129.6
FIRST AMERICAN TECH. A            175.5     48.2       25.2      55.8
FIRSTHAND TECH. VALUE             165.2     44.4       23.6      55.4


FUND NAME*                           BETA**  ALPHA**   SHARPE    M'STAR
                                                       RATIO     RISK**

VAN WAGONER EMERGING GROWTH          1.39    14.3      0.60      2.16
WARBURG PINCUS ADV. JAPAN SMALL      0.38    34.7      0.86      1.14
AMERINDO TECH. D                     1.77    24.4      0.62      2.42
FIDELITY JAPAN SMALL                 0.58    27.0      0.77      1.32
WARBURG PINCUS ADV. JAPAN GROWTH     0.50    30.3      0.97      0.94
PBHG TECH. & COMM.                   1.47    12.5      0.84      1.73
VAN WAGONER MICRO-CAP                1.22    12.7      0.63      2.09
INTERNET                             2.24    41.4      0.71      2.24
FIRST AMERICAN TECH. A               1.55    13.8      0.86      1.66
FIRSTHAND TECH. VALUE                1.58    10.4      0.79      1.80


*Funds with at least three years of history
**Measured over three years

DATA: MORNINGSTAR; M-SQUARED PROVIDED BY MORGAN STANLEY DEAN WITTER
(RISK  MEASURES AND THREE-YEAR RETURNS CALCULATED AS OF 11/30/99; YEAR-TO-DATE 
RETURNS AS OF 12/20/99)