A test to evaluate the ability of fund industry participants to process trades in 2000 has gone smoothly, the Securities Industry Association said.

Computers processed mock trades over the weekend of April 17-18 with "no disruptions," said John Panchery, vice president of the association.

The test, in which 62 fund companies and 61 broker-dealers participated, was one in a series aimed at ensuring that securities trades do not go awry because of the millennium bug.

Mutual fund testing is more complex than testing for stocks because each firm uses its own processing system, Mr. Panchery said.

The association's members include investment banks, broker-dealers, and mutual fund companies.

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