Equipped with a new name, new share classes, and two new portfolios, Union Planters Corp.'s proprietary mutual fund family is about to go on sale to the public.

The Memphis banking company inherited the fund group, formerly called Magna Funds, when it bought Magna Group Inc., a St. Louis banking company, in July 1998. Renamed the Leader Funds last September, the family has until now only been sold through the bank's trust and institutional investments departments.

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