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To: Steve Hallam who wrote (4253)	3/18/1998 12:35:00 PM
From: Trebor	Read Replies (1) \| Respond to of 42834

I'm not aware of a fund that tracks NASDAQ. The closest would probably be a total market or small cap index fund or possibly a technology sector fund.

To: Steve Hallam who wrote (4253)	3/18/1998 3:57:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 42834

Steve: Check out the Rydex OTC fund which which use the NASDAQ 100 as a benchmark. Read the fine print. It looks leveraged to me. Hang on for a ride. Be careful out there : ).

To: Steve Hallam who wrote (4253)	3/18/1998 5:46:00 PM
From: Sandy J	Read Replies (1) \| Respond to of 42834

Steve, I contacted AMEX about a NASDAQ unit investment trust similar to Spyders and Diamonds. Clifford J. Weber, their Vice President in new products planning responded saying they expected to be introducing such a product in either late Q3 or Q4 of 1998. Don't know if the proposed merger with NASDAQ is going to change their plans, but you can contact him at: cweber@amex.com. Sandy J

To: Steve Hallam who wrote (4253)	3/18/1998 7:07:00 PM
From: Justa Werkenstiff	Respond to of 42834

Steve: More On Rydex OTC: Rydex Series Trust OTC Fund seeks investment results that correlate to the total return of the NASDAQ 100 index. The fund typically holds a representative sample of securities included in the NASDAQ 100 index. It also engages in investment techniques such as options on securities and stock indexes, futures on stock indexes, and options thereon. The fund uses statistical analysis to guide its investment selection process. Market-timing and trading strategies employed by investors in the fund may result in high portfolio turnover, and consequently higher expenses. The fund is nondiversified. This is a high risk, high reward fund.