61.   A giant fund company, Capital Research and Management, which markets its products as the American Funds, led the way.

62.   A few fund companies avoid the practice, called directed brokerage.

63.   A lesser factor is a decision by some fund companies to simplify pricing.

64.   A natural time to subsume a fund is when a fund company restructures its offerings, making numerous changes in fund names, managers and objectives.

65.   A portion of that fee is generally paid by the fund companies.

66.   A stock trader at a related institution in Stockholm said he thought it was more likely a big American fund management company that was buying the stock.

67.   A. Michael Lipper, chairman of the fund research company Lipper Inc. in Summit, N.J., attributes some of the selling to the aging population.

68.   After all, the fund company already has several funds invested in large-capitalization companies.

69.   After all, the only way the fund companies make money for their investors is to see the companies go public and then to sell their shares.

70.   After waiving some fees for a while, fund companies may decide they have done enough to give a new fund a leg up.