First American Corp., Nashville, has combined its proprietary mutual funds with those of Deposit Guaranty Corp.

First American bought Deposit Guaranty on May 1.

The ISG Funds, with nearly $3 billion of assets under management, replace First American's Ameristar Mutual Funds and Deposit Guaranty's DG Investor Series.

The combination allows in-vestors to move their money more easily between funds, a First American spokesman said. The 14-fund family includes equity, taxable and tax-exempt fixed income, and money market funds. Five funds of funds-combining ISG Funds-are to be introduced in January.

The ISG Funds are named after First American's Investment Services Group, which manages them. They are distributed by Bisys Fund Services, Little Falls, N.J.

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