More than half the banks providing custody services to the mutual fund industry are still grappling with the year-2000 problem in their computer systems, a research firm says.

Dalbar Inc., a Boston research company, said that only 38%, or eight of the 21 custodian banks serving the $4 trillion mutual fund business, are year-2000 compliant. The finding was based on a study done as part of Dalbar's 1997-1998 Custody Service Guide, a yearly road map of the mutual fund market.

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