June 9, 1994
TO: BOARD OF GOVERNORS NO. 50-94
BROKER/DEALER ASSOCIATE MEMBERS NO. 11-94
DIRECT MARKETING COMMITTEE NO. 13-94
INDUSTRY STATISTICS COMMITTEE NO. 10-94
INTERNATIONAL COMMITTEE NO. 10-94
INVESTMENT ADVISERS COMMITTEE NO. 37-94
MARKETING POLICY COMMITTEE NO. 23-94
MEMBERS - ONE PER COMPLEX NO. 38-94
PUBLIC INFORMATION COMMITTEE NO. 19-94
RESEARCH COMMITTEE NO. 17-94
SALES FORCE MARKETING COMMITTEE NO. 20-94
SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 12-94
SMALL FUNDS COMMITTEE NO. 8-94
UNIT INVESTMENT TRUST COMMITTEE NO. 40-94
RE: Perspective on Mutual Fund Activity -- 1994, Volume I
__________________________________________________________
Enclosed is a copy of Volume I of the "Perspective on Mutual
Fund Activity -- 1994" entitled, "The Year in Review -- 1993".
This report is a comprehensive review and analysis of the
economy, the financial markets, and mutual fund activity and
performance in 1993.
For additional information or comments, please contact me at
(202) 326-5917 or Anne Spurzem at (202) 326-5919. For additional
copies, please contact Ada Simpson at (202) 326-5913.
Kathy Rabon-Summers
Director of Industry Studies