Mellon Bank Corp. plans to unveil a computer program this month that will let its custodial clients check their investments' performance in real time.

Dubbed Investment Monitor, the risk-management program is a companion to Mellon's Executive Workbench, which gives the bank's custodial clients on- line access to their domestic and international holdings. The new product takes that service a step further by alerting clients when money managers stray from their investment guidelines.

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