Owing to erroneous information provided by Lipper Services Inc., several of the mutual fund tables in the June 1 issue overstated the assets in First Union Corp.'s funds as of Dec. 31. The correct total is $78,736.1 million, including $46,139.6 million in retail funds.
Consequently, the first-quarter trend at First Union was misstated in the tables and the page 1 article "Summer Slide Seen in Mutual Fund Inflows." The trend was up - by 4% for all the funds and 8% for the retail funds.
A corrected table is posted in
A page 5 article in the May 24 issue, "California Asked to Ease State-Deposit Law," erred in saying the state keeps some of its short-term deposits at Charlotte, N.C.-based Bank of America. Such deposits are kept only at institutions based in California.
