Performance of Top 75 Taxable Bond Funds Managed by Banks

+++ Proprietary government and corporate mutual funds ranked by the total return in the second quarter (dollar amounts in millions) Set 1 of 3 Rank Fund Name Bank 1 Monitor Mortgage Secs Inv Huntington Bancshares 2 Monitor Mortgage Secs Tr Huntington Bancshares 3 AVESTA Tr-US Government Secs Fund Texas Commerce Bank 4 Dreyfus 100% UST Long Term Mellon Bank, N.A. 5 Westcore Long-Term Bond First Interstate Bancorp 6 Sierra Tr Corporate Income A Great Western Financial 7 Pacific Capital UST Securities B Bank of Hawaii 8 Pacific Capital UST Securities A Bank of Hawaii 9 Sierra Tr Corporate Income B Great Western Financial 10 UST Master-Managed Income U.S. Trust Corp. 11 Composite Income Fund A Washington Mutual 12 Pacific Capital Divers Fixed B Bank of Hawaii 13 Pacific Capital Divers Fixed A Bank of Hawaii 14 Composite Income Fund B Washington Mutual 15 Pacific Horizon Corp Bond Bank of America 16 Benchmark Bond A Northern Trust Company (The) 17 Woodward Bond NBD Bank, N.A. 18 Galaxy High Quality Bond Ret Fleet Financial Group 19 Nations Diversified Inc Tr A NationsBank Corporation 20 Canandaigua Natl Collect Inv Bd Canandaigua National Bk & Trust 21 Dreyfus Strategic Income Mellon Bank, N.A. 22 Nations Diversified Inc Inv A NationsBank Corporation 23 Dreyfus A Bonds Plus, Inc. Mellon Bank, N.A. 24 Nations Diversified Inc Inv N NationsBank Corporation 25 Nations Diversified Inc Inv C NationsBank Corporation 26 Pillar Fd-GNMA A United Jersey Bank 27 Pillar Fd-GNMA B United Jersey Bank 28 Overland Express US Govt Inc A Wells Fargo Bank, N.A. 29 Armada Total Return Advantage Inst National City Bank 30 UST Master-Intermed Trm Mgd Inc U.S. Trust Corp. 31 Dreyfus Premier Managed Inc A Mellon Bank, N.A. 32 Overland Express US Govt Inc D Wells Fargo Bank, N.A. 33 Arrow Fds-Fixed Inc Portf Mark Twain Bank 34 111 Corcoran Fd-Bond Fund Central Carolina Bank 35 Ark Fds-Income Portf Tr First Maryland Bank 36 First Omaha Fixed Income Fund First National of Nebraska 37 Portico Fds-Bond IMMDEX Ret Firstar Trust Company 38 Ark Fds-Income Portf Inv First Maryland Bank 39 Northern Fixed Income Fund Northern Trust Company (The) 40 First Fds-Return Fixed Inc I First Tennessee Investment

Management 41 AmSouth-Bond Fund AmSouth Bank N.A 42 Stalwart US Govt Securities Lafayette American Bank & Trust

Company 43 BB&T Interm US Govt Bd Tr Branch Banking and Trust

Company 44 Rimco Monument Bond Fund Riggs National Bank 45 Landmark Intermediate Income Citibank, N.A. 46 First Union Managed Bond Y First Union National Bank of

N.C. 47 Composite US Government A Washington Mutual 48 Vision US Government Securities First Empire State Corp. 49 BB&T Interm US Govt Bd Inv Branch Banking and Trust

Company 50 CrestFunds, Inc-Interm Bond Tr Crestar Bank 51 CrestFunds, Inc-Interm Bond Inv Crestar Bank 52 Shawmut Fixed Income Tr Shawmut Bank, N.A. 53 Vista Bond Fund Chase Manhattan, N.A. 54 OVB Government Securities A One Valley Bank, N.A. 55 1784 Funds-Income First National Bank of Boston 56 Dreyfus Bond Market Index R Mellon Bank, N.A. 57 JPM Instl-Bond Fund J. P. Morgan & Co. Inc. 58 Armada Total Return Advantage Ret National City Bank 59 OVB Government Securities B One Valley Bank, N.A. 60 FUNDS IV Bond Income Svc BANK IV, Kansas 61 Compass Capital-Fixed Income Midlantic National Bank 62 First Priority Fixed Inc Inv First Alabama Bank 63 Composite US Government B Washington Mutual 64 Pierpont Bond Fund J. P. Morgan & Co. Inc. 65 Highmark Bond Fund Fid Bank of California 66 Dreyfus Bond Market Index Inv Mellon Bank, N.A. 67 Benchmark US Treasury Index A Northern Trust Company (The) 68 Shawmut Fixed Income Inv Shawmut Bank, N.A. 69 Monitor Fixed Income A Huntington Bancshares 70 Nations Managed Bond Tr A NationsBank Corporation 71 Parkstone Bond Fund Inst First of America 72 Independence One U.S. Govt Tr Michigan National Bank 73 Monitor Fixed Income B Huntington Bancshares 74 Hanover US Government Sec Inv Chemical Bank 75 Griffin Bond Fund A Home Savings of America

Bank proprietary fixed income avg. (a)

Nonbank fixed income fund averages

All fixed income fund averages

Lehman Bros Corp/Gov't Index Set 2 of 2 Rank Fund Name Investment Objective 1 Monitor Mortgage Secs Inv Government Mtge.-Backed 2 Monitor Mortgage Secs Tr Government Mtge.-Backed 3 AVESTA Tr-US Government Secs Fund Government Securities 4 Dreyfus 100% UST Long Term Government Securities 5 Westcore Long-Term Bond Corporate Bond 6 Sierra Tr Corporate Income A Corporate Bond 7 Pacific Capital UST Securities B Government Securities 8 Pacific Capital UST Securities A Government Securities 9 Sierra Tr Corporate Income B Corporate Bond 10 UST Master-Managed Income Corporate Bond 11 Composite Income Fund A Corporate Bond 12 Pacific Capital Divers Fixed B Corporate Bond 13 Pacific Capital Divers Fixed A Corporate Bond 14 Composite Income Fund B Corporate Bond 15 Pacific Horizon Corp Bond Corporate Bond 16 Benchmark Bond A Corporate Bond 17 Woodward Bond Corporate Bond 18 Galaxy High Quality Bond Ret Corporate Bond 19 Nations Diversified Inc Tr A Corporate Bond 20 Canandaigua Natl Collect Inv Bd Corporate Bond 21 Dreyfus Strategic Income Corporate Bond 22 Nations Diversified Inc Inv A Corporate Bond 23 Dreyfus A Bonds Plus, Inc. Corporate Bond 24 Nations Diversified Inc Inv N Corporate Bond 25 Nations Diversified Inc Inv C Corporate Bond 26 Pillar Fd-GNMA A Government Mtge.-Backed 27 Pillar Fd-GNMA B Government Mtge.-Backed 28 Overland Express US Govt Inc A Government Securities 29 Armada Total Return Advantage Inst Corporate Bond 30 UST Master-Intermed Trm Mgd Inc Corporate Bond 31 Dreyfus Premier Managed Inc A Corporate Bond 32 Overland Express US Govt Inc D Government Securities 33 Arrow Fds-Fixed Inc Portf Corporate Bond 34 111 Corcoran Fd-Bond Fund Corporate Bond 35 Ark Fds-Income Portf Tr Corporate Bond 36 First Omaha Fixed Income Fund Corporate Bond 37 Portico Fds-Bond IMMDEX Ret Corporate Bond 38 Ark Fds-Income Portf Inv Corporate Bond 39 Northern Fixed Income Fund Corporate Bond 40 First Fds-Return Fixed Inc I Corporate Bond 41 AmSouth-Bond Fund Corporate Bond 42 Stalwart US Govt Securities Government Securities 43 BB&T Interm US Govt Bd Tr Government Securities 44 Rimco Monument Bond Fund Corporate Bond 45 Landmark Intermediate Income Corporate Bond 46 First Union Managed Bond Y Corporate Bond 47 Composite US Government A Government Securities 48 Vision US Government Securities Government Securities 49 BB&T Interm US Govt Bd Inv Government Securities 50 CrestFunds, Inc-Interm Bond Tr Corporate Bond 51 CrestFunds, Inc-Interm Bond Inv Corporate Bond 52 Shawmut Fixed Income Tr Corporate Bond 53 Vista Bond Fund Corporate Bond 54 OVB Government Securities A Government Securities 55 1784 Funds-Income Corporate Bond 56 Dreyfus Bond Market Index R Corporate Bond 57 JPM Instl-Bond Fund Corporate Bond 58 Armada Total Return Advantage Ret Corporate Bond 59 OVB Government Securities B Government Securities 60 FUNDS IV Bond Income Svc Corporate Bond 61 Compass Capital-Fixed Income Corporate Bond 62 First Priority Fixed Inc Inv Corporate Bond 63 Composite US Government B Government Securities 64 Pierpont Bond Fund Corporate Bond 65 Highmark Bond Fund Fid Corporate Bond 66 Dreyfus Bond Market Index Inv Corporate Bond 67 Benchmark US Treasury Index A Government Securities 68 Shawmut Fixed Income Inv Corporate Bond 69 Monitor Fixed Income A Corporate Bond 70 Nations Managed Bond Tr A Corporate Bond 71 Parkstone Bond Fund Inst Corporate Bond 72 Independence One U.S. Govt Tr Government Securities 73 Monitor Fixed Income B Corporate Bond 74 Hanover US Government Sec Inv Government Securities 75 Griffin Bond Fund A Corporate Bond

Bank proprietary fixed income avg. (a)

Nonbank fixed income fund averages

All fixed income fund averages

Lehman Bros Corp/Gov't Index Set 3 of 3

TOTAL RETURN THROUGH JUNE 30, 1995 (%)

Fund Assets Second Latest Latest Latest Latest Rank Fund Name 3/31/95 Quarter 6 months 1 year 3 years* 5 years* 1 Monitor Mo $1.90 10.89 21.51 14.89 3.4 2 Monitor Mo 55.5 10.82 21.33 14.91 3.54 3 AVESTA Tr- 2.3 10.34 17.4 17.4 4 Dreyfus 10 126.4 9.96 15.15 12.6 9.27 10.48 5 Westcore L 31.4 9.54 15.49 16.2 9.9 11.07 6 Sierra Tr 368.6 8.86 16.11 15.57 8.47 7 Pacific Ca 58.7 8.79 15.26 8 Pacific Ca 1 8.73 15 15.14 9 Sierra Tr 10.7 8.66 15.68 10 UST Master 86 8.05 13.93 14.29 8.44 9.98 11 Composite 88.9 8.04 13.63 14.22 7.7 9.66 12 Pacific Ca 43.8 7.93 14.57 13 Pacific Ca 0.1 7.82 14.37 14 Composite 2.8 7.82 13.17 13.3 15 Pacific Ho 30.8 7.7 13.01 13.52 9.25 10.87 16 Benchmark 251.5 7.65 13.6 14.07 17 Woodward B 448 7.62 14.83 12.28 7.38 18 Galaxy Hig 25.4 7.54 12.76 12.75 8.23 19 Nations Di 23.3 7.47 13.12 14.98 20 Canandaigu 0.3 7.46 15.53 15.88 21 Dreyfus St 313.2 7.44 13.22 13.77 8.64 10.61 22 Nations Di 11.5 7.4 12.98 14.69 23 Dreyfus A 539.1 7.36 13.43 13.63 8.91 10.3 24 Nations Di 65 7.27 12.7 14.12 25 Nations Di 2.9 7.27 12.7 14.12 26 Pillar Fd- 6.9 7.22 13.15 14.33 27 Pillar Fd- 1.7 7.16 12.9 13.94 28 Overland E 36.3 7.06 12.03 12 7.63 9 29 Armada Tot 242.9 6.93 11.21 30 UST Master 47.9 6.8 11.99 12.56 31 Dreyfus Pr 79 6.79 10.46 11.01 7.64 9.36 32 Overland E 3.5 6.79 11.65 11.21 33 Arrow Fds- 28.5 6.78 12.5 12.76 34 111 Corcor 84.7 6.71 12.46 12.68 35 Ark Fds-In 62.4 6.67 10.93 11.99 36 First Omah 65 6.66 12.25 12.66 37 Portico Fd 15.6 6.58 11.87 12.83 8.15 9.86 38 Ark Fds-In 0.2 6.58 11.14 11.95 39 Northern F 65.9 6.57 10.65 12.68 40 First Fds- 81.4 6.56 11.38 11.85 41 AmSouth-Bo 97.4 6.55 11.68 11.97 7.6 9.06 42 Stalwart U 8 6.51 43 BB&T Inter 72.8 6.5 11.44 11.73 44 Rimco Monu 45.7 6.49 10.93 10.88 6.15 45 Landmark I 47.8 6.49 11.73 12.05 46 First Unio 79.9 6.48 11.22 11.98 6.66 47 Composite 184.2 6.48 12.57 12.95 6.23 8.5 48 Vision US 28.7 6.45 11.54 11.68 49 BB&T Inter 6.3 6.44 11.31 11.46 50 CrestFunds 78.7 6.42 11.43 12.01 51 CrestFunds 1.1 6.41 11.43 12.02 52 Shawmut Fi 77.3 6.4 11.13 11.85 53 Vista Bond 52.9 6.38 11.39 12.21 7.64 54 OVB Govern 62 6.36 11.54 11.95 55 1784 Funds 186.9 6.34 11.16 56 Dreyfus Bo 6.8 6.3 11.13 11.76 57 JPM Instl- 296.1 6.3 11.43 12.28 58 Armada Tot 0 6.29 10.49 59 OVB Govern 0.6 6.29 11.39 11.78 60 FUNDS IV B 14.8 6.29 9.96 61 Compass Ca 243.8 6.29 11.14 11.75 7.69 9.4 62 First Prio 154 6.26 10.83 11.3 6.02 63 Composite 1.2 6.25 12.11 12.01 64 Pierpont B 115 6.25 11.29 11.89 7.23 8.57 65 Highmark B 59.7 6.25 11.4 11.69 6.18 8.21 66 Dreyfus Bo 0.1 6.24 10.99 11.48 67 Benchmark 42.8 6.23 10.98 11.8 68 Shawmut Fi 7.8 6.22 11.11 11.56 69 Monitor Fi 127.4 6.21 11.33 11.75 7.06 70 Nations Ma 147.6 6.18 11.29 11.8 7.45 8.85 71 Parkstone 491.1 6.17 11.4 11.78 7.18 8.75 72 Independen 62.1 6.17 11.27 11.35 73 Monitor Fi 2 6.17 11.18 11.49 6.79 8.77 74 Hanover US 78.5 6.16 10.47 10.76 75 Griffin Bo 8 6.16 11.06 11.71

Bank propr $75.70 4.84 9.19 9.65 6.05 8.31

Nonbank fi $274.00 5.1 8.89 8.89 6.15 8.97

All fixed $217.70 5.02 8.98 9.11 6.13 8.86

Lehman Bros Corp/Gov't 6.49 11.8 12.76 7.93 9.61 === Data Source: The data were provided by CDA/Wiesenberger, Rockville, Md., from its mutual funds data base. A proprietary fund is a fund that was formed or founded by a bank and/or over which the bank exercises management discretion. Excluded are private-label funds and all other third-party funds that are sold through banks. (*)- Annualized rate of return. (a)- Average is for 407 bank proprietary funds. American Banker, 1995

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