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To: Cynic 2005 who wrote (2349)	6/17/1998 1:26:00 PM
From: Joseph G.	Respond to of 86076

<<Washington, DC, June 11, 1998 - The Investment Company Institute today estimated that net new cash flow to long-term (stock, hybrid and bond) mutual funds was $29.5 billion in May, compared with actual flows of $31.94 billion in April. The record for cash flow to long-term mutual funds was $32.7 billion in January 1996. May cash flow was boosted by about $8.0 billion in bank common trust conversions. About two-thirds of that went into stock funds; most of the rest went into bond funds. ............... NOTE: Next month the Institute will discontinue its monthly estimate of cash flow to long-term mutual funds. The final estimate release will be issued in early July and will cover the month of June. The Institute will continue to release "Trends in Mutual Fund Activity," containing the actual cash flows, sales, redemptions, assets, and portfolio transactions. Trends is released during the last week of each month and covers activity of the previous month.>> Why they discontinue estimates? is it because the flows are heading down?