The Main Street Growth and Income Fund, which was rated the top-performing fund in its class by Lipper Analytical Services in 1991 and 1992, will soon be available nationwide.
The fund is currently offered only in three states through brances of California Federal Bank, Los Angeles.
The fund is managed by Oppenheimer Management Corp., a New York mutual fund company, which makes it available to Calfed customers under a so-called private labeling agreement.
Because of its popularity and performance, Oppenheimer has decided to make the fund available to investors from all states, a company spokesman said.
That could happen so soon as Nov. 1, provided the Securities and Exchange Commission gives its assent.
Oppenheimer is also planning to roll out a Florida tax-exempt fund on Oct. 1.
Oppenheimer manages over $23 billion in assets and has two million shareholder accounts.