Performance of Top International Bond Funds Managed by Banks

+++ International bond mutual funds, with assets greater than $25 million, ranked by the total return in the third quarter (dollar amounts in millions) part 1 of 3

Rank Fund Name Bank

1 Benchmark International Bond Northern Trust Company

2 Compass Capital-Intl Bond SvcPNC Bank Corp

3 Nations Global Govt Income PrNationsBank Corporation

4 Glenmede International Fixed Glenmede Trust Company

5 Sierra Tr Sh-Term Glb Govt A Great Western Financial

6 CoreFund Global Bond Fd Y CoreStates Bank

7 Comstock Partners Strategy A Mellon Bank, N.A.

8 Comstock Partners Strategy O Mellon Bank, N.A.

Bank Proprietary Intl Bond Avg

Non-Bank Intl Bond Fund Averages

CDA/Wiesenberger Intl Bond Avg

part 2 of 3

Rank Fund Name Investment Objective

1 Benchmark International Bond International Bond

2 Compass Capital-Intl Bond SvcInternational Bond

3 Nations Global Govt Income PrInternational Bond

4 Glenmede International Fixed International Bond

5 Sierra Tr Sh-Term Glb Govt A International Bond

6 CoreFund Global Bond Fd Y International Bond

7 Comstock Partners Strategy A International Bond

8 Comstock Partners Strategy O International Bond

Bank Proprietary Intl Bond Avg

Non-Bank Intl Bond Fund Averages

CDA/Wiesenberger Intl Bond Avg

part 3 of 3

TOTAL RETURN THROUGH SEPTEMBER 30, 1996 (%)

Rank Fund NaFund Asset Third Latest Latest Latest Latest

6/30/96 Quarter 9 Months1 Year* 3 Years*5 Years*

1 Benchma 30.5 4.1 3.73 7.74

2 Compass 35.28 3.87 6.61 11.8 8.01 9.07

3 Nations 25.7 3.36 4.05 8.83

4 Glenmed 26.96 2.79 1.66 3.98 8.59

5 Sierra 65.7 2.53 6.52 8.81 4.76

6 CoreFun 32.99 2.5 3.51 8.65

7 Comstoc 51.6 0.15 -0.61 1.14 2.32

8 Comstoc 207.6 0.09 -0.42 1.28 2.61 4.14

Bank Pr 19.53 2.72 3.27 6.96 6.17 80.04

Non-Ban 111.74 4.33 7.59 12.52 5.4 6.47

CDA/Wiesenberge 4.12 6.86 11.3 5.87 7.05

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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