81.   Five years after it first was asked, the Securities and Exchange Commission has authorized its first managerial strategic investment company, or MSIC.

82.   Fleet is not nearly as big a provider of processing services as State Street, but it does sell some of products and services vended by investment companies.

83.   For Leucadia, an investment company with businesses ranging from manufacturing to banking, the agreement is another step in selling its Pennsylvania-based insurance holdings.

84.   Forstmann Little is an investment company whose holdings include Gulfstream Aerospace and General Instrument Corp.

85.   For the investment companies, profits depend on the ability to handicap death.

86.   Funds will be used to help turn the investment company into a bank.

87.   Fund managers were chosen by competitive tender and for the most part comprise joint ventures of Western investment companies and Polish-based banks.

88.   Freed, also chairman of the UCC Group vineyard and winery investment company in Napa, said he is not concerned by the looming oversupply of Central Valley grapes.

89.   Gonzalo Rodriguez, general manager of the five investment companies, denied the press reports.

90.   Half will go to institutional investors and the rest to Investor AB, another investment company of the Wallenbergs, a business dynasty which controls much of Swedish industry.