+++ Government and corporate mutual funds, with assets of $25 million or more, ranked by the total return in the third quarter (dollar amounts in millions)

part 1 of 3

Rank Fund Name Bank

1 OFFITBANK High Yield Sel OFFITBANK

2 Pegasus Bond A NBD Bank

3 Pegasus Bond I NBD Bank

4 Monitor Mortgage Secs Tr Huntington Bancshares

5 Pegasus Intermediate Bond I NBD Bank

6 Pegasus Intermediate Bond A NBD Bank

7 Star Strategic Income Fund Star Bank, N.A.

8 Dreyfus Premier Managed Inc A Mellon Bank, N.A.

9 Dreyfus Strategic Income Mellon Bank, N.A.

10 Vista Bond Instl Chase Manhattan, N.A.

11 1784 Funds-Income Fund A First National Bank of

12 Composite Income Fund A Washington Mutual

13 Dreyfus Basic GNMA Fd Mellon Bank, N.A.

14 Dreyfus Basic GNMA II Mellon Bank, N.A.

15 Armada GNMA Sec Inst National City Bank

16 Stagecoach GNMA A Wells Fargo Bank, N.A.

17 Dreyfus GNMA Fund Mellon Bank, N.A.

18 Compass Capital-Core Bond Inst PNC Bank Corp

19 111 Corcoran Fd-Bond Fund Central Carolina Bank

20 Parkstone Govt Income A First of America

21 Nations Diversified Inc Pr A NationsBank Corporation

22 Dreyfus Premier GNMA A Mellon Bank, N.A.

23 Riverfront US Government Inc A Provident Bancorp

24 Marshall Government Income Fund Marshall & Ilsley Bank

25 Benchmark Bond A Northern Trust Company (The)

26 Atlas USG & Mortgage Secs A World Savings and Loan

27 Dreyfus Short-Term Income Fund Mellon Bank, N.A.

28 Dreyfus Disciplined Interm Bd Ret Mellon Bank, N.A.

29 Compass Capital-Core Bond Svc PNC Bank Corp

30 Parkstone Govt Income Inst First of America

31 Victory Portf-Govt Mortgage KeyCorp

32 Masterworks US Treas Alloc Inst Wells Fargo Bank, N.A.

33 Emerald US Govt Securities Inst Barnett Banks

34 Brenton Interm US Govt Secs Brenton Banks, Inc.

35 Glenmede Intermediate Govt Glenmede Trust Company

36 One Group-Government Bond Fid Banc One Corporation

37 Sierra Tr US Government Fund A Great Western Financial

38 Dreyfus Premier GNMA B Mellon Bank, N.A.

39 Westcore Intermediate Bond First Interstate Bancorp

40 Benchmark Short Interm Bond A Northern Trust Company

41 One Group-Ultra Short Term Inc Fid Banc One Corporation

42 Griffin US Government Income A Home Savings of America

43 Westcore Long-Term Bond First Interstate Bancorp

44 American Performance Interm Bond Bank of Oklahoma

45 Commerce Bond Fund Commerce Bancshares

46 Pacific Horizon US Government Bank of America

47 One Group-Government Bond Inv Banc One Corporation

48 Nations Diversified Inc Inv N NationsBank Corporation

49 FundManager Bond Republic National Bk of New

50 Munder US Government Income K Comerica Bank

Bank Proprietary Fixed Income Avg

Non-Bank Bond Fund Averages

Lehman Bros Corp/Gov

part 2 of 3

Rank Fund Name Investment Objective

1 OFFITBANK High Yield Sel Corporate High Yield

2 Pegasus Bond A Government Securities

3 Pegasus Bond I Corporate Bond

4 Monitor Mortgage Secs Tr Government Mortgage-Backed

5 Pegasus Intermediate Bond I Corporate Bond

6 Pegasus Intermediate Bond A Corporate Bond

7 Star Strategic Income Fund Corporate Bond

8 Dreyfus Premier Managed Inc A Corporate Bond

9 Dreyfus Strategic Income Corporate Bond

10 Vista Bond Instl Corporate Bond

11 1784 Funds-Income Fund A Corporate Bond

12 Composite Income Fund A Corporate Bond

13 Dreyfus Basic GNMA Fd Government Mortgage

14 Dreyfus Basic GNMA II Government Mortgage-Backed

15 Armada GNMA Sec Inst Government Securities

16 Stagecoach GNMA A Government Mortgage-Backed

17 Dreyfus GNMA Fund Government Mortgage-Backed

18 Compass Capital-Core Bond Inst Corporate Bond

19 111 Corcoran Fd-Bond Fund Corporate Bond

20 Parkstone Govt Income A Government Mortgage-Backed

21 Nations Diversified Inc Pr A Corporate Bond

22 Dreyfus Premier GNMA A Government Mortgage

23 Riverfront US Government Inc A Government Securities

24 Marshall Government Income Fund Government Securities

25 Benchmark Bond A Corporate Bond

26 Atlas USG & Mortgage Secs A Government Mortgage

27 Dreyfus Short-Term Income Fund Corporate Bond

28 Dreyfus Disciplined Interm Bd Ret Government Securities

29 Compass Capital-Core Bond Svc Corporate Bond

30 Parkstone Govt Income Inst Government Mortgage-Backed

31 Victory Portf-Govt Mortgage Government Securities

32 Masterworks US Treas Alloc Inst Government Securities

33 Emerald US Govt Securities Inst Government Securities

34 Brenton Interm US Govt Secs Government Securities

35 Glenmede Intermediate Govt Government Securities

36 One Group-Government Bond Fid Government Securities

37 Sierra Tr US Government Fund A Government Securities

38 Dreyfus Premier GNMA B Government Mortgage

39 Westcore Intermediate Bond Corporate Bond

40 Benchmark Short Interm Bond A Corporate Bond

41 One Group-Ultra Short Term Inc Fid Corporate Bond

42 Griffin US Government Income A Government Securities

43 Westcore Long-Term Bond Corporate Bond

44 American Performance Interm Bond Corporate Bond

45 Commerce Bond Fund Corporate Bond

46 Pacific Horizon US Government Government Mortgage

47 One Group-Government Bond Inv Government Securities

48 Nations Diversified Inc Inv N Corporate Bond

49 FundManager Bond Corporate Bond

50 Munder US Government Income K Government Securities

Bank Proprietary Fixed Income Avg

Non-Bank Bond Fund Averages

Lehman Bros Corp/Gov

part 3 of 3

TOTAL RETURN THROUGH SEPTEMBER 30, 1996 (%)

Rank Fund Name Fund Asset Third Latest Latest Latest Latest

6/30/96 Quarter 6 Months 1 Year* 3 Years*5 Years*

1 OFFITBANK Hi 623.24 4.74 8.26 11.93

2 Pegasus Bond 507.81 2.65 1.5 7.1 5.21 7.81

3 Pegasus Bond 507 2.65

4 Monitor Mort 44.7 2.62 3.7 9.2 1.2

5 Pegasus Inte 377 2.56

6 Pegasus Inte 377.8 2.42 2.67 7.21 4.76 6.65

7 Star Strateg 71.9 2.39 1.21 4.19

8 Dreyfus Prem 77.3 2.37 0.19 4.08 4.25 7.84

9 Dreyfus Stra 294.6 2.26 2.38 7.03 4.88 8.96

10 Vista Bond I 60.2 2.24 -0.33 4.48 4.56 7.4

11 1784 Funds-I 239.82 2.19 -0.52 3.73

12 Composite In 88.6 2.12 -0.35 4.47 4.73 7.68

13 Dreyfus Basi 54.3 2.1 1.79 5.58 5.77 7.72

14 Dreyfus Basi 54.3 2.1 1.79 5.58 5.77 7.72

15 Armada GNMA 60.91 2.07 1.95 5.28

16 Stagecoach G 156.9 2.07 0.36 4.21 4.7 6.48

17 Dreyfus GNMA1,350.50 2 2.47 5.89 4.92 6.42

18 Compass Capi 65.23 2 0.15 4.56 4.9

19 111 Corcoran 88.6 1.99 1.1 5.07 4.83

20 Parkstone Go 52.02 1.98 2.15 5.84 5.03

21 Nations Dive 105.1 1.98 -0.92 3.99 5.58

22 Dreyfus Prem 121.1 1.98 1.7 5.17 4.74 6.62

23 Riverfront U 34.13 1.97 0.76 4.19 3.38

24 Marshall Gov 134.4 1.97 0.48 4.73 4.75

25 Benchmark Bo 337.2 1.97 -0.04 5.38 5.45

26 Atlas USG & 238 1.95 1.89 4.91 4.61 6.68

27 Dreyfus Shor 187 1.95 3.85 6.67 5.29

28 Dreyfus Disc 38.1 1.94 -0.23

29 Compass Capi 212.24 1.92 -0.21 4.2 4.71

30 Parkstone Go 130.04 1.9 2.19 5.95 5.16

31 Victory Port 125.5 1.89 1.45 4.6 4.57 6.8

32 Masterworks 50.46 1.89 1.06 3.99 2.69

33 Emerald US G 32.89 1.89 1.36 4.57

34 Brenton Inte 33.28 1.86 -0.07 3.32

35 Glenmede Int 271.33 1.86 1.5 5.28 4.26 6.67

36 One Group-Go 677.33 1.86 -0.39 3.64 4.45

37 Sierra Tr US 422 1.85 0.34 4.6 3.47 5.6

38 Dreyfus Prem 39.9 1.85 1.3 4.62 4.19

39 Westcore Int 81.8 1.85 1.24 4.74 4.04 6.83

40 Benchmark Sh 189.9 1.84 2.77 5.59 5.35

41 One Group-Ul 57.2 1.83 4.33 6.14 4.58

42 Griffin US G 41.3 1.83 -0.74 4.02

43 Westcore Lon 25.09 1.82 -3.55 3.47 3.91 8.72

44 American Per 61.2 1.81 0.76 4.14 3.32 5.91

45 Commerce Bon 131.01 1.8 -0.73 3.87

46 Pacific Hori 81 1.79 1.35 4.3 3.37 5.76

47 One Group-Go 38.8 1.79 -0.66 3.3 4.16

48 Nations Dive 80.4 1.79 -1.48 3.22 4.8

49 FundManager 69.75 1.78 -0.62 3.73 3.49 6.54

50 Munder US Go 158.9 1.78 0.19 4.35

Bank Proprie 84.86 1.63 0.52 4.15 3.95 6.56

Non-Bank Bon 267.51 2.24 2.35 5.88 4.58 7.5

Lehman Bros Corp/Gov 0.58 -1.31 3.29 4.23 7.4

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-label funds and all other third-party funds that are sold through banks. (*)- Annualized rate of return.

- American Banker, 1996. ===

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