These equity funds have received a grade of A in BUSINESS WEEK's Offshore 
Fund Scoreboard. To achieve this top grade, a fund must deliver superior 
risk-adjusted total returns for five years. Several of the funds have also 
received AAA ratings from Standard & Poor's Fund Research for performance 
relative to others in their sector. Those are marked with an asterisk.

FUND                               SECTOR

FLEMING FRONTIER EUR. DISCOVERY    Europe ex-U.K. sm. cos
INVESCO GT TECHNOLOGY A            Technology Global
ALLIED DUNBAR N. AMERICAN GROWTH   North America
MERRILL LYNCH GLOBAL SM. CAP. A    Global sm.cos
OPPENHEIM PHARMA./WORLDHEALTH      Healthcare Global
HENDERSON HF EUR.                  Europe ex-U.K.
SUN LIFE GP EUR. GROWTH            Europe
DRESDNER GD N. AMERICAN            North America
CS EF (LUX) SM. CAP. EUR.          Europe sm. cos
HENDERSON HF AMERICAN SM. COS.     U.S. sm. cos
POSTBANK DYNAMIK GLOBAL            Global
MERCURY OST EUR. *                 Europe ex-U.K.
BARING IUF N. AMERICA              North America
HSBC GIF PAN-EUR. EQ.              Europe
CS EF (LUX) U.S.A.                 U.S.
LLOYDS TBS OFFSHORE EUR.           Europe ex-U.K.
GAM MULTI-EUR. USD                 Europe
MERCURY OST U.K.                   U.K.
SCHRODER ISF EUR. SM. COS. A       Europe sm. cos
HSBC GIF EUR. EQ.                  Europe ex-U.K.
MERCURY OST N. AMERICAN *          North America


FUND                              ASSETS             RETURNS **
                               (millions of      1 year    5 year
                               U.S. dollars)

FLEMING FRONTIER EUR. DISCOVERY    237           155.72%   48.35%
INVESCO GT TECHNOLOGY A            976           88.00     34.91
ALLIED DUNBAR N. AMERICAN GROWTH   105           61.63     33.63
MERRILL LYNCH GLOBAL SM. CAP. A    127           141.85    31.13
OPPENHEIM PHARMA./WORLDHEALTH      419           104.29    30.17
HENDERSON HF EUR.                  218           51.08     26.55
SUN LIFE GP EUR. GROWTH            169           28.75     26.09
DRESDNER GD N. AMERICAN            152           30.77     25.81
CS EF (LUX) SM. CAP. EUR.          564           73.11     25.76
HENDERSON HF AMERICAN SM. COS.     97            56.75     25.76
POSTBANK DYNAMIK GLOBAL            793           25.17     25.75
MERCURY OST EUR. *                 239           24.65     24.43
BARING IUF N. AMERICA              624           22.66     24.30
HSBC GIF PAN-EUR. EQ.              574           32.72     24.14
CS EF (LUX) U.S.A.                 1126          34.79     24.09
LLOYDS TBS OFFSHORE EUR.           98            29.69     23.83
GAM MULTI-EUR. USD                 337           53.26     23.80
MERCURY OST U.K.                   375           39.09     23.65
SCHRODER ISF EUR. SM. COS. A       403           57.16     23.63
HSBC GIF EUR. EQ.                  254           24.80     23.35
MERCURY OST N. AMERICAN *          138           15.01     22.84


** Through Oct. 2, 2000. Including price appreciation and reinvestment of 
dividends and capital gains

DATA: STANDARD & POOR'S MICROPAL, STANDARD & POOR'S FUND RESEARCH