BankAmerica Corp.'s money market mutual fund business has pulled off a dramatic turnaround - less than two years after many investors had turned their heels and fled its funds.

Assets in the San Francisco-based banking company's money market mutual fund portfolios surged 55% last year, to $10 billion, a spokesman said. That boost is in contrast to 1994 when, in just a 90-day period, $7 billion went out of the company's Pacific Horizon Prime Fund.

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