  765

J UPPER MUTUAL FUND PERFORMANCE REPORTS ^B
Weekly Summary Report: April 7,	1994		
NAV	No.	10/11/90-	7/12/90- 4/08/93-	12/31/93-	3/31/94-
Mil. $	Funds	4/07/94	4/07/94	4/07/94	4/07/94	4/07/94
Value:	Lipper Indexes:					
425.22	30 Capital Apprec Index	+ 87.39%	+ 48,69%	<- 14.67%	- 1.26%	2.10%
756.55	30 Growth Fund Index	+ 84.66%	+ 45.60%	+ 11.07%	- 1.28%	2.17%
434.04	30 Small Co Growth Index	+ 115.13%	+ 57.32%	+ 17.31%	- 1.58%	1.96%
1,138.06	30 Growth & Income Index	+ 75.11%	+ 45.80% + 7.72%	- 1.98%	1.41%
766.57	30 Equity Income Index	+ 66.52%	+ 45,87%	5.10%	- 2.44%	1.04%
333.12	10 Sci & Tech Index	+ 142.09%	+ 68.37%	26.12%	+ 0.90%	< 2.63%
399.92	30 Global Fund Index	+ 50.47%	+ 25.41%	21.93%	- 1.79%	<- 0.37%
466.45	30 International Index	+ 47.58%	+ 26.22%	25.54%	- 1.92%	- 0.29%
199.48	10 Gold Fund Index	+ 40.77%	+ 32.30%	38.55%	- 8.43%	- 2.69%
845.50	30 Balanced Fund Index	+ 61.36%	+ 42.30%	5.18%	- 2.09% + 0,88%
191.71	10 Conv Secur Index	+ 69.87%	+ 47.25%	6.04%	- 7.06% + 0.50%
Source.	Lipper Analytical Services Inc., Summit, New Jersey 07901

. 22.6 ()

 . 22.7()      
70          1955  1964 .
     0,09%  .  , 
      ,   
  (market-based passive fund)   ,  
  .  70  40    -
   30  .

       .  .
22.7(6)        -
   125   1960  1969 .     
 0,05% (  0,60%  ),      (53%)
    .       

 . 22.7()   .    100  
    1970  1974 .   
   0,50%   (  2,00%  ),  
20     .

      ,      
,    ,   . 
      143  
   1965  1984 .       0,88%
 ,   44     .  -
,         1979 .   1989 .,
 ,        0,062%
  ( 0,74%  ),   115  257    -
 19.

  ,       -
          
      20.  .
            
.           -
,      .    -
   ,       -
   .