Finance: FIRST QUARTER SCOREBOARD

TABLE: The Worst Returns

TOTAL RETURN*

WRIGHT EQUIFUND-MEXICO NATL. FID. -43.79%

MORGAN STANLEY LATIN AMERICAN A -32.97

BT INVESTMENT LATIN AMERICAN EQUITY -30.68

HERCULES LATIN AMERICAN VALUE -28.18

MERRILL LYNCH LATIN AMERICA B -27.53

TCW/DW LATIN AMERICAN GROWTH -27.23

FIDELITY LATIN AMERICA -26.92

T. ROWE PRICE LATIN AMERICA -25.56

UST MASTER EMERGING AMERICAS -22.25

WARBURG PINCUS JAPAN OTC COMM. -21.70

UNITED SERVICES GOLD -21.61

LEXINGTON STRATEGIC INVESTMENTS -21.36

SCUDDER LATIN AMERICA -20.92

PIMCO ADV. INSTL. BLAIRLOGIE EMRG. -19.06

JAPAN -18.93

RBB-BEA EMERGING MARKETS EQUITY -18.85

MORGAN STANLEY INSTL. EMRG. MKTS. -17.02

MORGAN GRENFELL EMRG. MKTS. EQTY. -16.35

FIDELITY EMERGING MARKETS -16.12

BLANCHARD EMRG. MKTS. GRTH. & INC. -15.46

LAZARD EMERGING MARKETS -15.21

EV MARATHON GREATER INDIA -15.14

BULL & BEAR GOLD INVESTORS -14.76

MITCHELL HUTCHINS/KIDDER EMRG. MKTS. B -14.75

G.T. GLOBAL EMERGING MARKETS A -14.36

VAN ECK INTL. INVESTORS GOLD A -14.07%

MORGAN STANLEY INSTL. JAPANESE EQUITY -13.84

KEYSTONE PRECIOUS METALS HOLDINGS -13.79

PNC INTERNATIONAL EMRG. MKTS. INSTL. -13.39

MORGAN STANLEY EMERGING MARKETS A -13.21

VANGUARD SPEC. GOLD & PREC. MTLS. -13.13

G.T. GLOBAL JAPAN GROWTH A -12.67

SEVEN SEAS EMERGING MARKETS -12.64

EVERGREEN GLOBAL REAL EST. EQTY. Y -12.27

GAM PACIFIC BASIN -11.94

HERCULES PACIFIC BASIN VALUE -11.87

FIDELITY JAPAN -11.86

MONTGOMERY INSTL. EMERGING MARKETS -11.77

T. ROWE PRICE JAPAN -11.62

G.T. GLOBAL INTERNATIONAL GROWTH B -11.47

FIDELITY PACIFIC BASIN -11.43

MONITREND GOLD -11.39

VANGUARD INTL. EQTY. INDEX EMRG. MKTS. -11.32

LEXINGTON GOLDFUND -11.30

LEXINGTON WORLDWIDE EMERGING MARKETS -11.16

MONTGOMERY EMERGING MARKETS -11.14

PIONEER EMERGING MARKETS A -11.13

MORGAN GRENFELL INTL. SMALL CAP EQTY. -11.04

BJB INTERNATIONAL EQUITY A -10.96

T. ROWE PRICE INTERNATIONAL DISCOVERY -10.77

*APPRECIATION PLUS REINVESTED DIVIDENDS AND

CAPITAL GAINS BEFORE TAXES, JAN. 1-MAR. 27, 1995

DATA: MORNINGSTAR INC.