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To: Selectric II who wrote (2186)	8/9/2001 2:28:12 AM
From: marginnayan	Respond to of 3294

His port values are down around 50%, as I recall, which beat the street. If he'd lost a lot of customers on top of a 50% decline, he'd have a lot less than 3-4 Bil. in assets, wouldn't he? I think real assets under management would be the net flow of money into the funds, which should not include appreciation on that. This would then give you a true indication of net money flow into funds. But anyway, this is how I look at it and I am not sure how mutual funds report it.