BUSINESSWEEK ONLINE : OCTOBER 23, 2000 ISSUE
BUSINESSWEEK INVESTOR

Warning: Possible Tax Bills Ahead


Mutual-fund analysts suspect these funds could make large taxable
distributions before yearend


DREYFUS PREMIER INTERNATIONAL GROWTH
Shareholder redemptions on top of big 1999 gains

FIDELITY DESTINY I
New manager sold many longtime value-style holdings

FIDELITY JAPAN SMALLER COMPANIES
Shareholder redemptions on top of big 1999 gains

FIDELITY ADVISOR OVERSEAS
Shareholder redemptions on top of big 1999 gains

JANUS OLYMPUS
Fund likely cashed in some of 1999's big gains

LEGG MASON VALUE TRUST
May have pared profitable positions in AOL and Dell Computer

MATTHEWS KOREA
Shareholder redemptions on top of big 1999 gains

MERRILL LYNCH PACIFIC
Sold nearly all of the fund's 12% position in Softbank

OPPENHEIMER ENTERPRISE
Manager and strategy change after big gains in first quarter


DATA: MORNINGSTAR; BW


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