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To: Bonnie Bear who wrote (15085)3/21/1998 12:18:00 PM
From: Jyoti sharma  Respond to of 18056
 
Bonnie,

I did look at this fund a few weeks back and passed it. In SEA market for convertible securities is very limited. Most companies issuing convertible securities are very highly leveraged. MACSX is a very small new fund with a new concept, high expenses and high risk. I prefer MAKOX of the same fund group, performance this year has been outstanding. In addition Sir John Tempelton is a major investor in this fund. You can not go wrong following in his foot steps. Caution this fund is also very volatile and I will look for a correction to enter new positions.

Jyoti