31.   Eaton Vance Worldwide Health Sciences owns lots of big, global pharmaceutical stocks, just as every other health care fund does.

32.   During the last few years investors have increasingly favored mutual stock funds that track stock-market indexes, since few other funds have done better.

33.   Few of the critics agree with each other about what the fund should have done differently.

34.   Financial services funds did well because of consolidation in the industry, a growing economy, low inflation and tame interest rates, said Kinnel.

35.   First, however, he must persuade I.a.m. members and other investors that the fund will do as well or better than the overall stock market.

36.   Hash said the pension funds would do better to sell to Simon or any other bidder rather than go public.

37.   He claims the funds did little more with the financial statement than stuff it into a file.

38.   He said international stock funds did very well in drawing cash, as did sector funds investing in energy, technology and utilities.

39.   He said managed funds traditionally do better.

40.   How could some international bond funds do so well when the vast majority declined?