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To: RealMuLan who wrote (10790)	1/12/1999 5:12:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 16892

Thanks for suggesting a quote lookup! I was using the quote lookup on the mutual fund order page, which doesn't show marginable status. I just did it on the regular order page, and see the NM. I entered BEARX (under $5), as well as SLMCX, which is well over $5, and both came up NM. If mutual funds are non-marginable, that's too bad. My old broker (Jac White) margins mutual funds. It certainly makes sense, since they are less volatile than stocks as a rule. Jack White also allows you to short mutual funds, though I doubt that makes much sense, except for index funds. (And then I'd probably rather just short SPY.) (Presumably, fund managers are trying to avoid loss, and you're probably better-off shorting an index.) (Not sure if the acquisition of Jack White by Waterhouse changes any of this.)