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To: Tommaso who wrote (12377)	12/26/1997 8:33:00 AM
From: John Hunt	Respond to of 18056

Tommaso, I think it may be a recent outflow record. However, as Joseph says, I am not sure how accurate the data is. I assume it is based on a fairly large survey of mutual fund companies. I do sense that the flows are moving more in tune with the market moves these days. By this I mean that the dipsters are getting scarce, setting us up for your 'chop-chop' scenario. :-)) John

To: Tommaso who wrote (12377)	12/26/1997 8:54:00 AM
From: Monty Lenard	Respond to of 18056

NEW YORK (MktNews) - Assets of the nation's 673 retail money market mutual funds increased by $11.0 million to $701.18 billion for the week ended Dec. 23, the Investment Company Institute said. Assets of the 405 taxable money market funds in the retail category rose by $702.8 million to $574.79 billion and the 268 tax-exempt funds' assets decreased by $691.8 million to $126.38 billion. Assets of the 345 institutional money market funds increased by $3.18 billion to $379.56 billion for the same period. Among institutional funds, assets for the 281 taxable money market funds grew by $3.07 billion to $340.29 billion and assets of the 64 tax-exempt funds rose by $113.2 million to $39.28 billion. Total money market mutual fund assets stood at $1.081 trillion for the week ended Dec. 23. Assets of money market mutual funds for the week ended Dec. 17 were revised to $1.078 trillion. The revisions were necessary due to reporting errors and a change in the number of funds reporting. TClaude

To: Tommaso who wrote (12377)	12/28/1997 1:19:00 PM
From: tekgk	Read Replies (1) \| Respond to of 18056

>> For the past year I have been opining that, especially gievn the low cash balances in the mutual funds, any outflow could have a leveraged effect on the market avergaes if it continued for three straight weeks Your reasoning is correct, but there another factor to consider. Most of the big mututal funds have lines of credit with banks. They can buy equities or pay redemptions without any cash. I wish I knew how deep they were into the lines at any given moment. If the markets do crash to far or to fast then the mutual funds could once again take some banks with them - just like the trusts did in the late 20's -g-