41.   The fund owns shares of American companies with foreign operations, thus giving investors exposure to the global economy.

42.   The fund also owned smaller companies than its competitors.

43.   The fund can invest in almost any domestic stocks or bonds, while the Kemper and Smigh Barney funds own a mix of zero-coupon bonds plus equities.

44.   The fund currently owns Egis and Richter shares.

45.   The fund owns big stakes in stocks like Citicorp and Chase Manhattan, and a series of REITs, which perform best when rates fall.

46.   The fund owns only a thimbleful of technology and drug stocks and has a major investment in cyclical stocks like paper and steel companies.

47.   The fund owns shares of Woolworth Corp. and General Signal Corp. on expectations that new management will initiate positive change at the two companies, Smith said.

48.   The fund owns such international stocks as Swiss drug company Ciba-Geigy AG and Dutch media company Elsevier NV.

49.   The funds own and manage hundreds of companies sold by the government.

50.   The funds own Treasury zeros maturing in those years.