In the Oct. 12 supplement "Masters of Mutual Funds," the article "A Major Player Looks Overseas" should have said Mellon Bank Corp. was expanding its fund business in South America, not South Africa. An editing error was to blame.
The same article understated the portion of Mellon's mutual fund assets in equity investments. The correct figure is 47%.
An Oct. 22 news brief on page 12 misrepresented a position of Fannie Mae's. Though Fannie said it is working with the mortgage insurance industry to expand options to traditional private mortgage insurance, it is not supporting Freddie Mac's fight for legislation to let the government- sponsored enterprise provide such insurance.
An Oct. 23 story, "Industry Races the Clock on Year-2000 Readiness" (page 7) exaggerated Experian's year-2000 compliance costs. The information management company estimates it has spent $40 million to $50 million, not billion.