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February 18, 1998
TO: DIRECT MARKETING COMMITTEE No. 3-98
INDUSTRY STATISTICS COMMITTEE No. 3-98
OPERATIONS COMMITTEE No. 10-98
PENSION COMMITTEE No. 7-98
PRIMARY CONTACTS - MEMBER COMPLEX No. 7-98
PUBLIC INFORMATION COMMITTEE No. 4-98
SALES FORCE MARKETING COMMITTEE No. 3-98
SHAREHOLDER COMMUNICATIONS COMMITTEE No. 2-98
SMALL FUNDS COMMITTEE No. 3-98
RE: Mutual Fund Owners
______________________________________________________________________________
The enclosed issue of FUNDamentals reports that the number of U.S. households owning
mutual funds is now 37.42 million, an increase of 1.8 percent over 1996 data. An estimated
65.52 million individuals owned a mutual fund in 1997. These findings are based on a survey
of all U.S. households and include ownership of funds in money market, stock, bond and
income, IRA, Keogh and employer-sponsored retirement plans.
This publication is available on the Investment Company Institute web site at
http://www.ici.org.
Sandra J. West
Assistant Vice President
Research