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Strategies & Market Trends : lexington troika dialog russia fund

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To: Gerald R. Lampton who wrote (91)	1/3/2000 12:36:00 PM
From: Kirk Vanden	of 92

I'm still in it. I've been in since Aug 97. When it crashed I started to average down and it looks like it may pay off. I just wish the rouble-dollar exchange rate wasn't so bad. With my averaging down I've recovered most of my earlier losses. I just wish I had bought more when the NAV was down around $2.00. When I got into this fund I did it knowing that I would hold it for 30 years. I had no false beliefs that Russia was anywhere near past all their problems. A new president and then hopefully reforms to get Russia a real banking system is what I'm hoping for in the next 6-18 months. Progress will be slow. But the potential to be in on the ground floor is what is keeping me in the fund.

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