Performance of Top 10 International Bond Funds by Banks and Thrifts

+++ 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

Bank

Rank Fund Name Investment Objective

1 OFFITBANK Emerging Mkts Bond SeOffitbank

2 BlackRock-Intl Bond Inst PNC Bank Corp.

3 J.P. Morgan Instl-Glbl Strat InJ. P. Morgan & Co. Inc.

4 Republic Fixed Income Fund Adv Republic New York

5 Evergreen Strat Inc A First Union Corp.

6 Evergreen Strat Inc B First Union Corp.

7 Evergreen Select Interntl Bond First Union Corp.

8 Northern Fixed Income Fund Northern Trust Corp.

9 Firstar Stellar Strategic IncomFirstar Corp.

10 Northern Instl Int'l Bond A Northern Trust Corp.

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

Average for all 32 bank proprietary international bond funds

part 2 of 3

Fund Assets First Latest Latest Latest

Rank 12/31/98 Qtr. 1 Year 3 Years*

1 Emerging Marke$151.02 5.2 -17.23 3.12

2 Global Income 43.9 1.48 10.22 11.08

3 Global Income 220.09 0.82 0.54

4 Global Income 103.55 0.1 5.36 7.13

5 Global Income 165.65 -0.2 0.22 7.52

6 Global Income 107.65 -0.37 -0.64 6.66

7 Global Income 48.15 -0.84 6.13 5.59

8 Global Income 251.26 -1.22 5.24 7.18

9 Global Income 200.91 -2.39 -5.81 3.23

10 Global Income 29.17 -4.14 9.96 5.15

Ave $132.13 -0.16 1.4 6.3

Ave 48.4 -1.41 2.74 4.29

part 3 of 3

Fund Assets Latest

Rank 5 Years*10 Years*

1 Emerging Marke 4.77

2 Global Income 10.16

3 Global Income

4 Global Income

5 Global Income 5.13 7.5

6 Global Income 4.33

7 Global Income 5.96

8 Global Income

9 Global Income

10 Global Income 6.68

Ave 6.17 7.5

Ave 5.3 7.5 ===

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