Performance of Top 75 Taxable Bond Funds Managed by Banks

+++ Government and corporate mutual funds ranked by the total return in the first quarter (dollar amounts in millions) Set 1 of 3 Rank Fund Name Bank 1 Rembrandt Global Fixed Tr LaSalle National Trust, N.A. 2 Rembrandt Global Fixed Inv LaSalle National Trust, N.A. 3 Benchmark International Bond A Northern Trust Company (The) 4 Glenmede International Fixed Glenmede Trust Company 5 Northern International Fixed Northern Trust Company (The) 6 Monitor Mortgage Secs Inv Huntington Bancshares 7 Monitor Mortgage Secs Tr Huntington Bancshares 8 Compass Capital-Intl Fixed Midlantic National Bank 9 Canandaigua Natl Collect Inv Bd Canandaigua National Bk & Trust 10 BJB Global Income A Bank Julius Baer & Co., Inc. 11 Vista Global Fixed Income A Chase Manhattan, N.A. 12 BJB Global Income B Bank Julius Baer & Co., Inc. 13 Vista Global Fixed Income B Chase Manhattan, N.A. 14 Woodward Bond NBD Bank, N.A. 15 Sierra Tr Corporate Income A Great Western Financial 16 Sierra Tr Corporate Income B Great Western Financial 17 AVESTA Tr-US Gov't Secs Fund Texas Commerce Bank 18 Pacific Capital Divers Fixed B Bank of Hawaii 19 Pacific Capital Divers Fixed A Bank of Hawaii 20 Pacific Capital UST Securities B Bank of Hawaii 21 Woodward Intermediate Bond NBD Bank, N.A. 22 Pacific Capital UST Securities A Bank of Hawaii 23 Composite US Gov't A Washington Mutual 24 Dreyfus A Bonds Plus, Inc. Mellon Bank, N.A. 25 Pillar Fd-GNMA A United Jersey Bank 26 Benchmark Bond A Northern Trust Company (The) 27 Composite US Gov't B Washington Mutual 28 CoreFund Global Bond Fd A CoreStates Bank 29 CoreFund Global Bond Fd B CoreStates Bank 30 UST Master-Managed Income U.S. Trust Corp. 31 Westcore Long-Term Bond First Interstate Bancorp 32 111 Corcoran Fd-Bond Fund Central Carolina Bank 33 Dreyfus Strategic Income Mellon Bank, N.A. 34 Arrow Fds-Fixed Inc Portf Mark Twain Bank 35 Pillar Fd-GNMA B United Jersey Bank 36 Mariner Tr-US Govt Securities Marine Midland Bank/HSBC Holdings

BV 37 Pillar Fd-Fixed Income Portf A United Jersey Bank 38 One Group-Gov't Bond Fid Banc One Corporation 39 Nations Diversified Inc Tr A NationsBank Corporation 40 Stagecoach GNMA A Wells Fargo Bank, N.A. 41 First Omaha Fixed Income Fund First National of Nebraska 42 Pillar Fd-Fixed Income Portf B United Jersey Bank 43 Nations Diversified Inc Inv A NationsBank Corporation 44 Composite Income Fund A Washington Mutual 45 Seven Seas Intermediate Fund State Street Bank & Trust Co. 46 Inventor GNMA Sec A Integra Trust Company 47 Westcore GNMA Fund Inst First Interstate Bancorp 48 Accessor Fd-Mortgage Securities Zions First National Bank 49 Sierra Tr US Gov't Fund A Great Western Financial 50 Westcore GNMA Fund Ret First Interstate Bancorp 51 One Group-Gov't Bond Inv Banc One Corporation 52 Nations Diversified Inc Inv N NationsBank Corporation 53 Nations Diversified Inc Inv C NationsBank Corporation 54 Nations Mtge-Backed Sec Tr A NationsBank Corporation 55 Paragon Interm-Term Bond Premier Bancorp 56 Stagecoach US Govt Allocation A Wells Fargo Bank, N.A. 57 Emerald US Govt Securities Inst Barnett Banks 58 Atlas USG & Mortgage Secs A World Savings and Loan

Association 59 One Group-Gov't Bond Ret Banc One Corporation 60 Nations Gov't Secs Tr A NationsBank Corporation 61 One Group-Gov't Bond B Banc One Corporation 62 Composite Income Fund B Washington Mutual 63 Portico Fds-Bond IMMDEX Ret Firstar Trust Company 64 Dreyfus GNMA Fund Mellon Bank, N.A. 65 Pacific Horizon Corp Bond Bank of America 66 Victory Fds-Fund For Income KeyCorp 67 Parkstone Bond Fund Inst First of America 68 Sierra Tr US Gov't Fund B Great Western Financial 69 Landmark Intermediate Income Citibank, N.A. 70 Nations Gov't Secs Inv A NationsBank Corporation 71 Marshall Gov't Income Fund Marshall & Ilsley Bank 72 Emerald US Govt Securities A Barnett Banks 73 STI Classic US Gov't Secs Tr SunTrust Banks, Inc. 74 OVB Gov't Securities A One Valley Bank, N.A. 75 UST Master-Intermed Trm Mgd Inc U.S. Trust Corp.

Avg. for all 400 bank proprietary fixed inc.

All Fixed Income Fund Averages

Lehman Bros Corp/Gov Set 2 of 3

Fund Assets Rank Fund Name Investment Objective 12/31/94

1 Rembrandt Globa International Bond 15

2 Rembrandt Globa International Bond 0.1

3 Benchmark Inter International Bond 27.3

4 Glenmede Intern International Bond 22.5

5 Northern Intern International Bond 11.4

6 Monitor Mortgag Gov't Mortgage-Backed 4.3

7 Monitor Mortgag Gov't Mortgage-Backed 54.2

8 Compass Capital International Bond 44.6

9 Canandaigua Nat Corporate Bond 0.3

10 BJB Global Inco International Bond 22.3

11 Vista Global Fi International Bond 1.5

12 BJB Global Inco International Bond -

13 Vista Global Fi International Bond 0.3

14 Woodward Bond Corporate Bond 423.2

15 Sierra Tr Corpo Corporate Bond 361.2

16 Sierra Tr Corpo Corporate Bond 7.5

17 AVESTA Tr-US Go Gov't Securities 2.6

18 Pacific Capital Corporate Bond 39.7

19 Pacific Capital Corporate Bond -

20 Pacific Capital Gov't Securities 55.3

21 Woodward Interm Corporate Bond 390.8

22 Pacific Capital Gov't Securities 0.9

23 Composite US Go Gov't Securities 188.1

24 Dreyfus A Bonds Corporate Bond 484.3

25 Pillar Fd-GNMA Gov't Mortgage-Backed 7

26 Benchmark Bond Corporate Bond 249.9

27 Composite US Go Gov't Securities 1.1

28 CoreFund Global International Bond 24.9

29 CoreFund Global International Bond 0.2

30 UST Master-Mana Corporate Bond 93.4

31 Westcore Long-T Corporate Bond 25.7

32 111 Corcoran Fd Corporate Bond 82.7

33 Dreyfus Strateg Corporate Bond 309.9

34 Arrow Fds-Fixed Corporate Bond 32.3

35 Pillar Fd-GNMA Gov't Mortgage-Backed 1.8

36 Mariner Tr-US G Gov't Mortgage-Backed 12.1

37 Pillar Fd-Fixed Corporate Bond 96.1

38 One Group-Gov't Gov't Securities 225.5

39 Nations Diversi Corporate Bond 22.3

40 Stagecoach GNMA Gov't Mortgage-Backed 171.3

41 First Omaha Fix Corporate Bond 61.6

42 Pillar Fd-Fixed Corporate Bond 5.5

43 Nations Diversi Corporate Bond 10.8

44 Composite Incom Corporate Bond 88.1

45 Seven Seas Inte Corporate Bond 18.7

46 Inventor GNMA S Gov't Securities 40.4

47 Westcore GNMA F Gov't Mortgage-Backed 25.6

48 Accessor Fd-Mor Gov't Mortgage-Backed 33

49 Sierra Tr US Go Gov't Securities 461.4

50 Westcore GNMA F Gov't Mortgage-Backed 8.6

51 One Group-Gov't Gov't Securities 2

52 Nations Diversi Corporate Bond 56.7

53 Nations Diversi Corporate Bond 2.6

54 Nations Mtge-Ba Gov't Mortgage-Backed 62.8

55 Paragon Interm- Corporate Bond 293.8

56 Stagecoach US G Gov't Securities 140.1

57 Emerald US Govt Gov't Securities 68.9

58 Atlas USG & Mor Gov't Mortgage-Backed 245.7

59 One Group-Gov't Gov't Securities -

60 Nations Gov't S Gov't Mortgage-Backed 36.3

61 One Group-Gov't Gov't Securities 1.2

62 Composite Incom Corporate Bond 2.3

63 Portico Fds-Bon Corporate Bond 249.5

64 Dreyfus GNMA Fu Gov't Mortgage-Backed 1,426.40

65 Pacific Horizon Corporate Bond 31

66 Victory Fds-Fun Corporate Bond 26.2

67 Parkstone Bond Corporate Bond 457.8

68 Sierra Tr US Go Gov't Securities 6.6

69 Landmark Interm Corporate Bond 47.6

70 Nations Gov't S Gov't Mortgage-Backed 10.4

71 Marshall Gov't Gov't Securities 78.7

72 Emerald US Govt Gov't Securities 29.7

73 STI Classic US Gov't Securities 0.8

74 OVB Gov't Secur Gov't Securities 51.2

75 UST Master-Inte Corporate Bond 41.1

Avg. for all 400 bank proprietary fixed inc. 74.2

All Fixed Income Fund Averages 218.1

Lehman Bros Corp/Gov Set 3 of 3

TOTAL RETURN THROUGH MARCH 31, 1995 (%)

First Latest Latest Latest Latest Rank Fund Name Quarter 1 Year 3 years *5 years *10 years*

1 Rembrandt Globa 12.05 12.56

2 Rembrandt Globa 11.96 12.31

3 Benchmark Inter 11.09 13.29

4 Glenmede Intern 11.03 16.57

5 Northern Intern 11

6 Monitor Mortgag 9.58 -10.54

7 Monitor Mortgag 9.49 -10.41

8 Compass Capital 8.4 6.53 8.96

9 Canandaigua Nat 7.51 6.66

10 BJB Global Inco 6.98 3.26

11 Vista Global Fi 6.92 7.04

12 BJB Global Inco 6.74 2.61

13 Vista Global Fi 6.71 6.69

14 Woodward Bond 6.69 1.92 6.09

15 Sierra Tr Corpo 6.65 2.04 6.92

16 Sierra Tr Corpo 6.46

17 AVESTA Tr-US Go 6.4 3.6

18 Pacific Capital 6.16

19 Pacific Capital 6.07

20 Pacific Capital 5.95

21 Woodward Interm 5.94 1.5 4.91

22 Pacific Capital 5.77 3.14

23 Composite US Go 5.72 4.37 5.36 7.79 8.75

24 Dreyfus A Bonds 5.65 3.61 7.74 9.49 10.11

25 Pillar Fd-GNMA 5.53 4.83

26 Benchmark Bond 5.52 3.83

27 Composite US Go 5.51 3.55

28 CoreFund Global 5.5 1.19

29 CoreFund Global 5.46 1

30 UST Master-Mana 5.44 4.06 6.98 8.91

31 Westcore Long-T 5.43 3.08 8.3 9.92

32 111 Corcoran Fd 5.39 4.1

33 Dreyfus Strateg 5.38 3.19 7.51 9.77

34 Arrow Fds-Fixed 5.36 3.01

35 Pillar Fd-GNMA 5.36 4.46

36 Mariner Tr-US G 5.29 3.37

37 Pillar Fd-Fixed 5.28 3.6

38 One Group-Gov't 5.27 4.49

39 Nations Diversi 5.26 5.43

40 Stagecoach GNMA 5.25 4.83 5.7

41 First Omaha Fix 5.24 3.4

42 Pillar Fd-Fixed 5.22 3.35

43 Nations Diversi 5.2 5.17

44 Composite Incom 5.18 4.22 6.4 8.74 8.57

45 Seven Seas Inte 5.16 0.7

46 Inventor GNMA S 5.15

47 Westcore GNMA F 5.12 4.73 5.24 7.67

48 Accessor Fd-Mor 5.11 4.65

49 Sierra Tr US Go 5.11 2.66 4.44 7.15

50 Westcore GNMA F 5.09 4.42 5.11 7.59

51 One Group-Gov't 5.08 4.04

52 Nations Diversi 5.07 4.65

53 Nations Diversi 5.07 4.65

54 Nations Mtge-Ba 5.07 3.75

55 Paragon Interm- 5.04 3.63 6.3 8.28

56 Stagecoach US G 5.02 2.67 8.34

57 Emerald US Govt 5 4.05

58 Atlas USG & Mor 5 5.03 5.89 8.47

59 One Group-Gov't 5

60 Nations Gov't S 4.97 2.7 4.78

61 One Group-Gov't 4.97 3.41

62 Composite Incom 4.97 3.45

63 Portico Fds-Bon 4.96 4.78 7.17 9.13

64 Dreyfus GNMA Fu 4.94 4.48 5.62 7.88

65 Pacific Horizon 4.93 5.81 7.88 9.28 10.45

66 Victory Fds-Fun 4.92 3.95 4.88 7.64

67 Parkstone Bond 4.92 4.03 6.45 8.21

68 Sierra Tr US Go 4.92

69 Landmark Interm 4.91 3.55

70 Nations Gov't S 4.91 2.44 4.58

71 Marshall Gov't 4.9 4.24

72 Emerald US Govt 4.89 3.74 6.49

73 STI Classic US 4.88

74 OVB Gov't Secur 4.87 3.32

75 UST Master-Inte 4.87 4.95

Avg. for all 40 4.11 3.31 5.74 7.85 9.1

All Fixed Incom 3.74 2.52 5.8 8.49 9.43

Lehman Bros Cor 4.98 4.57 7.1 9.01 10.14 === 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. American Banker, 1995