Japan, gold, and value funds scrape bottom

                                         TOTAL RETURN*

PROFUNDS ULTRASHORT OTC INV.                -46.58%
WARBURG PINCUS JAPAN SMALL CO. COMM.        -25.73
WARBURG PINCUS JAPAN GROWTH COMM.           -25.05
RYDEX ARKTOS INV.                           -24.55
POTOMAC OTC/SHORT                           -24.37
MIDAS                                       -22.06
RYDEX CONSUMER PRODUCTS INV.                -21.23
RYDEX BASIC MATERIALS INV.                  -18.70
FPA PARAMOUNT                               -18.61
MIDAS INVESTORS                             -18.11
VANGUARD GOLD & PRECIOUS METALS             -17.72
AIM JAPAN GROWTH A                          -17.33
U.S. GLOBAL INVESTORS GOLD SHARES           -16.67
LIBERTY-NEWPORT JAPAN OPPORTUNITIES B       -16.51
U.S. GLOBAL INVESTORS WORLD GOLD            -16.48
GABELLI GOLD                                -15.57
MATTHEWS KOREA I                            -15.33
LEXINGTON GOLDFUND                          -15.20
PHOENIX-ENGEMANN VALUE 25 A                 -15.18
WEITZ HICKORY                               -14.88
AMERICAN CENTURY GLOBAL GOLD INV.           -14.18
RYDEX PRECIOUS METALS                       -14.00
FIDELITY SELECT INDUSTRIAL MATERIALS        -14.00
FIDELITY SELECT GOLD                        -13.80
VAN ECK INTL. INVESTORS GOLD A              -13.79
CAPSTONE NEW ZEALAND                        -13.64
FIDELITY JAPAN SMALLER COMPANIES            -13.47
ICON ASIA REGION                            -13.44
VAN ECK GOLD/RESOURCES A                    -13.19
USAA GOLD                                   -13.04
GAM PACIFIC BASIN A                         -12.77
WRIGHT EQUIFUND-JAPAN                       -12.71
SMITH BARNEY PACIFIC B                      -12.66
AXP PRECIOUS METALS A                       -12.39
OAKMARK I                                   -12.32
OPPENHEIMER GOLD & SPECIAL MINERALS A       -12.24
SUNAMERICA DOGS OF WALL STREET II           -12.17
POTOMAC SMALL CAP/SHORT                     -12.11
EVERGREEN PRECIOUS METALS A                 -11.95
RIGHTIME SOCIAL AWARENESS                   -11.83
INVESCO PACIFIC BASIN                       -11.56
SCUDDER GOLD                                -11.52
FIDELITY ADVISOR JAPAN T                    -11.31
FRANKLIN GOLD A                             -11.20
AMSOUTH SELECT EQUITY TRUST                 -10.85
FIDELITY SELECT FOOD & AGRICULTURE          -10.79
FIDELITY JAPAN                              -10.78
YACKTMAN FOCUSED                            -10.71
YACKTMAN                                    -10.53
O'SHAUGHNESSY CORNERSTONE VALUE             -10.51

*Appreciation plus reinvestment of dividends and capital gains before taxes, 
Jan. 1 through Mar. 27, 2000

DATA: MORNINGSTAR INC.