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To: FingerLakes who wrote (4759)7/16/1998 5:11:00 PM
From: BCfan  Read Replies (1) | Respond to of 8879
 
******OFF-TOPIC*******
We got rid of CD.

NEW YORK (Dow Jones)--The mutual fund world's behemoth has moved.

Although the moves seem slight, they were enough to keep the leviathan, the Fidelity Magellan fund,
ahead of the Standard & Poor's 500-stock index for the second quarter running.

Missing from the $75 billion fund's top-10 holdings is Cendant Corp. (CD), which got hammered after
announcing accounting irregularities in April. Philip Morris Cos. (MO) is also gone from the top-holdings
list.

It isn't clear whether those equities have been flushed entirely from the fund, for Fidelity Investments
only provides a top-ten list of holdings and will not discuss specific companies.

Added to the top holdings were Lucent Technologies Inc. (LU) and American International Group Inc.
(AIG).

The fund was up 3.37% in the second quarter compared with a 3.3% gain - assuming reinvested
dividends - of the S&P.