Performance of Top 10 International Bond Funds Managed by Banks and

+++ International bond mutual funds with assets of $25 million or more ranked by the total return for 1997

(dollar amounts in millions)

part 1 of 3

Fund Name Bank

1 Compass Capital-Intl Bond Inst PNC Bank Corp.

2 Atlas Strategic Income Fund A Golden West Financial Corp.

3 Star Strategic Income Fund Star Banc Corp.

4 Northern Fixed Income Fund Northern Trust Corp.

5 Evergreen Strat Inc A First Union Corp.

6 Evergreen Strat Inc B First Union Corp.

7 Republic Fixed Income Fund Adv Republic New York Corp.

8 Offitbank Emerging Mkts Bond Sel (1) Offitbank

9 Sierra Tr Sh-Term Glb Govt A Great Western Financial Corp.

10 CoreFund Global Bond Fd Y (1) CoreStates Financial Corp.

Average for top 10 funds with $25 million or more in assets

Average for all 45 bank proprietary international bond funds

Nonbank international bond fund averages

Salomon Brothers world government bond index

part 2 of 2

Fund AssFull yeaFourth qLatest

Investment Objective 12/31/97 1997 19973 Years*

1 Global Income $43.30 10.26 2.44 13.42

2 Global Income 37.9 9.57 1.52-

3 Global Income 169.3 9.53 2.23 9.31

4 Global Income 147.2 9.32 2.73 10.03

5 Global Income 66.3 8.79 1.58 10.24

6 Global Income 119.8 7.97 1.39 9.39

7 Global Income 70.8 7.87 1.47-

8 Emerging Market Income 200.6 6.67 -4.87 18.02

9 Global Income 40.2 4.63 0.94 7.94

10 Global Income 35.3 3.72 0.34 8.83

$93.07 7.84 0.98 10.9

$33.35 2.05 -0.57 9.11

$124.50 4.64 -0.45 10.66

- 0.24 1.02 7.34 7.47

part 3 of 3

Latest Latest

Investment Objective 5 Years*10 Years*

1 Global Income 10.13-

2 Global Income - -

3 Global Income - -

4 Global Income - -

5 Global Income 9.78 8.54

6 Global Income - -

7 Global Income - -

8 Emerging Market Income - -

9 Global Income 5.82-

10 Global Income - -

8.58 8.54

7.05 8.54

7.08 7.78

- 7.89

Data Source: The data were provided by CDA/Wiesenberger, Rockville, Md., from its mutual funds data base. A proprietary fund is a fund that was formed or founded by a bank and/or over which the bank exercises management discretion. Excluded are private-la ===

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