Doubts about Tokyo's commitment to corporate restructuring and the April 
tech sell-off hurt Japanese stocks. Emerging markets in Asia and Eastern Europe 
didn't fare well, either.

FUND                            ------TOTAL RETURNS*------    ASSETS   CURRENCY
                                2ND QTR.  12 MOS.    5 YRS.  MILLIONS

JF JAPAN SMALLER COMPANIES       -41.61    24.17     15.19     162       JPY
PICTET C.F. INDIAVAL             -30.57    28.77               66        USD
FLEMING F JAPANESE SMLLR COS     -28.96    34.03     16.33     496       USD
JF JAPAN TECHNOLOGY              -28.16   107.28     26.01     535       JPY
INVESCO GT JAPAN ENTRPRISE A     -27.49    51.77     27.33     441       USD
UNIEM FERNOST                    -25.92   -24.92      0.10     157       EUR
JF THAILAND                      -23.93   -40.83    -16.66     141       USD
INVESCO GT ASEAN A               -23.76   -30.58    -11.89     120       USD
PICTET T.F. EMERGING MARKETS     -23.29   -11.93      0.63     428       USD
SCHRODER EASTERN EUROPEAN        -22.39    14.63      9.86     236       USD
FIDELITY FDS JAPAN SMALLER CO    -22.23    34.93     12.31     325       JPY
UNIASIA                          -22.21   -13.10     -5.08     189       EUR
VONTOBEL FD EAST EUROPE EQ B     -21.93    10.85      6.96     128       EUR
DIT-DRESDNER OSTEUROPA           -21.58     2.91               236       USD
JF JAPAN                         -21.18    92.30     26.41     622       JPY
ABN AMRO EASTERN EUROPE EQTY     -20.72     4.86      7.59     188       EUR
DRESDNER GD EMERGING MARKETS     -20.67     4.55     -0.15     79.57     GBP
SCHRODER INDIA                   -20.61     2.12     -1.20     284       USD
BARING GUF EASTERN EUROPE        -20.49    20.44               583       USD
FIDELITY FDS THAILAND            -20.26   -43.96    -27.82     261       USD

* In U.S. dollars, includes dividends and capital gains
Currency codes: EUR = euro; GPB = British pound; JPY = Japanese yen; USD = U.S. 
dollar.