11.   Again, the fund already owned the stock.

12.   But because the funds also own shares, investors stand to profit when the stock market recovers.

13.   But Steve Norwitz, a T. Rowe Price spokesman, said size is not an issue because the fund owns large companies and is diversified internationally.

14.   Fairweather at Martin Currie Investment Trust said his fund owns Pliva, the Croatian pharmaceutical company.

15.   For a mutual fund manager, deciding how to react when a crisis strikes a company that the fund owns can be crucial in determining performance.

16.   For example, the fund owns shares of Tyson Foods and Sanderson Farms, two poultry processors.

17.   He said his fund owned Adelphia bonds that it sold Wednesday after learning of the disclosure.

18.   Higdon, whose funds own shares in both San Miguel and Amatil, expects the merger to benefit earnings as early as next year.

19.   His Overseas and International funds own an eclectic mix of stocks and bonds from small and midsize companies around the world.

20.   His fund owns both Brazilian and Argentine bonds, he said.