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Non-Tech : Waterhouse Securities
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To: Cisco who wrote (160)10/15/1997 12:44:00 AM
From: John M. Hammer   of 2076
 
Cisco,

I"m not sure if you were referring to Waterhouse rules, Schwab, or some other brokerage when you said:

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For non IRA accounts the minimum initial investment for all mutual funds is $2,500 or the fund minimum, whichever is greater.
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I am sure that this is not correct, as two of the funds I purchased for my aunt's account had minimums of $250 and that is the amount of each that I purchased.

Best wishes,
John
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