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To: Jimbo who wrote (26374)	12/27/1997 12:54:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176388

Jimbo The fund manager will have less money to invest then you think. <<NEW YORK -(Dow Jones)- Net outflows from equity mutual funds reached an extraordinary $9.48 billion for the four days ending Tuesday, Dec. 23, according to AMG Data Services of Arcata, Calif. Though the period was one day shorter than AMG's usual Thursday-Wednesday week, the money managed to flow out fast enough to set a record for the year. Stock funds, which had weekly net outflows only five times in the first 11 months of the year, have now had three more in a row in December - and the latest week's total is more than that of the previous seven negative weeks combined. The week before, outflows came to $1.08 billion. Certainly the market that investors fled in the latest week was one that was falling hard day after day: Both the Dow Jones Industrial Average and the Standard & Poor's 500 index were down three times in four tries, losing a cumulative 3.3% and 2.7%, respectively. The Nasdaq Composite actually had two up days out of four, though they didn't count for much, as the index ended down 3.1% for the period. The star, relatively speaking, was the Russell 2000 index of small-cap stocks, which mostly drifted rather than nosedived, ending the period off 1%. The negative streak may be a calendar effect. According to AMG, stock funds showed outflows in four of the last five weeks of 1996. The one exception was the week corresponding to the latest one, during which they took in a net $3.93 billion. AMG said the 5,160 stock funds it tracks had $1.97 trillion in net assets as of Dec. 23. Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved. Transmitted: 12/26/97 14:19 (L100Za37)>> Greg