With the baby-boom generation entering its retirement years, the mutual fund industry's outlook remains bullish. But at the Investment Company Institute's annual meeting in May, the trade group's president, Matthew P. Fink, sounded a slightly cautionary note, warning his industry that it must help the average investor do a better job of saving. He also urged the group to press for legislation that would encourage saving. "My confidence in our industry's future is not based on a belief in inevitable trends," he said. "Rather, it is based on my conviction that the mutual fund industry will continue to thrive because we will continue to make the needs of individual investors our highest priority." The following is excerpted from Mr. Fink's address to the conference.