BUSINESSWEEK ONLINE : NOVEMBER 20, 2000 ISSUE
BUSINESSWEEK INVESTOR

Where the Value Is


	Over the past 70 years, value stocks have posted an average annual return of 
13.4%, compared with 10.2% for growth stocks

FUND                  TOTAL     PRICE-     PRICE-   COMMENTS
                     RETURN*    TO-        TO-BOOK
                  YEAR-TO-DATE  EARNINGS   VALUE

EXCELSIOR VALUE &      7.9%      25.7       5.8     Big bets on
RESTRUCTURING                                       Qualcomm, Nokia

LEGG MASON VALUE      -0.4       24.7       6.9     Holds AOL,
TRUST                                               Amazon.com, 
                                                    Gateway

LONGLEAF PARTNERS      9.7       17.3       3.1     Nothing in tech

MUTUAL SHARES         10.6       19.7       2.8     Heavy in service,
                                                    financial stocks

OAKMARK I              4.2       18.9       4.0     Favors consumer,
                                                    industrial stocks

SELECTED AMERICAN      8.6       25.3       6.1     28% in tech,
                                                    including IBM, H-P

THIRD AVENUE VALUE    20.8       27.2       2.5     Small-cap fund with
                                                    37% in tech

TWEEDY BROWNE          9.3       21.2       4.4     Big bets on
AMERICAN VALUE                                      financial stocks

VANGUARD VALUE INDEX   5.3       24.6       4.0     Tracks S&P/Barra
                                                    Value Index

VANGUARD WINDSOR II   10.4       24.2       4.3     Top picks are
                                                    energy stocks


* Appreciation plus reinvestment of dividends and capital gains before 
taxes, through Nov. 3

DATA: MORNINGSTAR INC.


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