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To: MrCash who wrote (3709)	3/1/1998 1:17:00 PM
From: Boca_PETE	Respond to of 42834

Kirk: re: <S&P500 Index fund (FUSEX) made 1% in 1994 while my investment in MNGFX was up 20%> Anything can happen when the time frame measured is as short a one year. As the length of the time frame measured increases to 3 years, 5 years, 10 years and beyond; the type of comparison you report probably disappears and the case for index funds grows stronger and stronger if you are a long-term investor. Of course if the intention is to trade in and out, the situation is different. P.