Performance of Top 10 International Bond Funds Managed by Banks and

+++ International bond mutual funds, with assets of $25 million or more, ranked by the total return in the second quarter. (Dollar amounts in millions)

part 1 of 3

Rank Fund Name

1 OFFITBANK Emerging Mkts Bond Sel (1)

2 Atlas Strategic Income Fund A

3 JPM Instl-Global Strategic Income

4 Landmark Intermediate Income A

5 Compass Capital-Intl Bond Inst

6 Benchmark International Bond A (1)

7 Pegasus International Bond I (1)

8 Sierra Tr Sh-Term Glb Govt A

9 Nations Global Govt Income Pr A

10 CoreFund Global Bond Fd Y (1)

Average for top 10 funds with 25 million or more in assets

Average for all 38 bank proprietary international bond funds

Non-Bank Intl Bond Fund Averages

CDA/Wiesenberger Intl Bond Avg

part 2 of 3

TOTAL RETURNs THROUGH 6/30/97 (%)

Fund AssSecondYear

RanBank Investment Obje 3/31/97Qtr. to Date

1 OFFITBANK International B 142.64 5.13 6.03

2 World Savings and Loan AsInternational B 25.22 4.09 4.20

3 J. P. Morgan & Co. Inc. International B 46.60 3.82

4 Citibank, N.A. International B 40.30 3.48 2.94

5 PNC Bank Corp International B 33.70 3.42 4.49

6 Northern Trust Company (TInternational B 28.20 3.19 -2.90

7 First Chicago NBD International B 67.13 2.24 -3.46

8 Great Western Financial International B 49.23 2.14 2.40

9 NationsBank Corporation International B 28.05 2.06 -1.80

10 CoreStates Bank International B 34.13 1.12 1.62

49.52 3.07 1.50

22.13 2.72 0.74

102.43 3.70 2.29

3.53 1.69

part 3 of 3

Latest LatestLatesLatest

RanBank 1 Year*3 Year5 Yea10 Years*

1 OFFITBANK 18.61 16.11

2 World Savings and Loan As 13.34

3 J. P. Morgan & Co. Inc.

4 Citibank, N.A. 7.74 7.29

5 PNC Bank Corp 12.60 11.53 9.43

6 Northern Trust Company (T 4.48 7.67

7 First Chicago NBD 1.28

8 Great Western Financial 8.86 6.97 5.58

9 NationsBank Corporation 4.37

10 CoreStates Bank 6.29 7.99

8.62 9.59 7.51

6.74 8.54 7.62

11.75 9.59 6.03 8.08

10.11 9.01 6.71 8.30 ===

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