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To: baystock who wrote (28)	7/26/1998 12:15:00 PM
From: peter michaelson	Read Replies (1) of 47

Ram: Yes, the premiums are for real, and seem to have resulted from the decline in NAV's without a commensurate decline in prices over the past year or so. I have had good success arbing the Indonesia, Malaysia, Korea, Thai, Russian and bank funds, among others. Peter

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