Performance of Top 10 International Bond Funds by Banks and Thrifts

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International bond mutual funds, with assets of $25 million more, ranked by the total return in the first quarter

(dollar amounts in millions)

part 1 of 3

Rank Fund Name

1 OFFITBANK Emerging Mkts Bond Sel (1)

2 BT Investment-Global High Yld Sec

3 J.P. Morgan Instl-Glbl Strat Inc (1)

4 Evergreen Strat Inc A

5 Evergreen Strat Inc B

6 BlackRock-Intl Bond Inst

7 Atlas Strategic Income Fund A

8 CoreFund Global Bond Fd Y (1)

9 Republic Fixed Income Fund Adv

10 Northern Fixed Income Fund

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

Average for all 15 funds with $25 million or more in assets

Average of all 44 bank proprietary international bond funds

Non-Bank Intl Bond Average

Solomon Bros World Govt

part 2 of 3

Fund Assets

Rank Bank Investme12/31/97

1 Offitbank Emerging$210.70

2 Bankers Trust New York Corp. Global I 26.7

3 J. P. Morgan & Co. Global I 127.8

4 First Union Corp. Global I 61.9

5 First Union Corp. Global I 116.9

6 PNC Bank Corp. Global I 38.6

7 World Savings & Loan AssociatGlobal I 37.8

8 CoreStates Financial Corp. Global I 34.8

9 Republic New York Corp. Global I 75.8

10 Northern Trust Corp. Global I 163.7

$89.50

86.2

33.9

108.6

part 3 of 4

First Latest Latest

Rank Bank Qtr. 1 Year 3 Years*

1 Offitbank 3.81 9.8 19.97

2 Bankers Trust New Yo 3.76 12.14 20.42

3 J. P. Morgan & Co. 3.13 11.99

4 First Union Corp. 3.04 14.49 11.74

5 First Union Corp. 2.84 13.59 10.89

6 PNC Bank Corp. 2.64 12.02 11.38

7 World Savings & Loan 2.28 11.96

8 CoreStates Financial 1.81 5.07 7.55

9 Republic New York Co 1.54 9.8 9.14

10 Northern Trust Corp. 1.37 11.9 9.16

2.62 11.28 12.53

1.76 8.27 9.1

1.39 5.93 7.55

2.09 7.97 10.81

0.78 5.38 3.96

part 4 of 4

Latest Latest

Rank Bank 5 Years*10 Years*

1 Offitbank

2 Bankers Trust New York Corp.

3 J. P. Morgan & Co.

4 First Union Corp. 8.35 8.35

5 First Union Corp. 7.6

6 PNC Bank Corp. 9.82

7 World Savings & Loan Association

8 CoreStates Financial Corp.

9 Republic New York Corp.

10 Northern Trust Corp.

8.59 8.35

6.19 8.35

6.49 8.35

6.54 7.44

6.52 7.75 ===

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