91.   Among other reasons for this is that Italians rely largely on government pensions, so there are no corporate pension funds or individual retirement accounts to buy stocks.

92.   And European mutual funds and individual investors, like non-European pension funds, are increasingly speaking their minds at annual meetings.

93.   And Goldman, Sachs has begun managing money for Nenpuku, a large Japanese public pension fund.

94.   And he pointed out that many of his donors had no ties to the pension fund.

95.   And because the pension funds make investments for the long term, city officials say they are not concerned by a bad year or two.

96.   And Matsushita Electric Industrial Co. says it, too, may boost the amount of its pension funds invested by foreign companies.

97.   And in Argentina, deep memories of stock market swindles and financial embezzlement kept workers wary when private pension funds were announced last May.

98.   And he has lots of company in Japan, particularly in the cash-laden boardrooms of companies and pension funds.

99.   And Merck has a bigger pool of potential investors because many pension funds and other institutions cannot invest in small, unprofitable companies.

100.   And pension funds are where the growth is in trust banking, said David Atkinson, a bank analyst at Goldman Sachs Japan Ltd.