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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.896-1.5%3:59 PM EST

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To: Fred Levine who wrote (6710)8/16/1998 5:28:00 PM
From: MGV  Read Replies (1) of 22640
 
Top 10 Institutional owners of TBR hold approx. 50% of ADRs

Fidelity Management & Research 6,262,424 03/98
Templeton Investment Counsel, Inc. 6,131,957 03/98
Capital International Inc. 4,869,600 03/98
Morgan Stanley Asset Management Inc. 4,410,257 03/98
Alliance Capital Management L.P. 2,538,406 03/98
Bear Stearns Asset Management 2,005,733 03/98
Schroder Capital Management International 1,745,725 06/98
Brandes Investment Partners, L.P. 1,580,239 03/98
Soros Fund Management, LLC 1,462,570 03/98
Manning & Napier Advisors 1,454,924 06/98

It would be very useful to know what Druckenmiller and Soros have done with TBR after 3/98
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