Table: Bond Funds Rebound To Make Strong Gains

                                    TAXABLE FUNDS
                                           TOTAL RETURN*
      
      FRANKLIN/TEMPLETON GERMAN GOVT. BOND    13.38%
      SEI INTERNATIONAL FIXED-INCOME A        12.04
      STATE ST. RESEARCH INTL. FIX.-INC. C    11.98
      FIDELITY YEN PERFORMANCE                11.81
      BENHAM EUROPEAN GOVT. BOND              11.20
      FIDELITY DEUTSCHE MARK PERFORM.         11.02
      BENHAM TARGET MATURITIES 2020           10.39
      MANAGERS BOND                           10.18
      REMBRANDT GLOBAL FIXED-INCOME TR.       10.06
      LAZARD INTERNATIONAL FIXED-INCOME        9.98
      AVERAGE OF 1146 FUNDS                    3.95
      
                                          TAX-FREE FUNDS
                                           TOTAL RETURN*
      CALIFORNIA MUNI                         14.17%
      ALLIANCE MUNI INCOME CA A               10.86
      ALLIANCE MUNI INCOME INSURED CA A       10.66
      SAFECO CA TAX-FREE INCOME               10.47
      SMITH BARNEY CA MUNICIPALS A            10.27
      ALLIANCE MUNI INCOME INSURED NATL. A    10.20
      BLANCHARD FLEXIBLE TAX-FREE BOND         9.64
      VOYAGEUR CA INSURED TAX-FREE A           9.63
      USAA TAX-EXEMPT CA BOND                  9.55
      SMITH BARNEY MANAGED MUNICIPALS A        9.54
      AVERAGE OF 1011 FUNDS                    6.27
      *APPRECIATION PLUS REINVESTED DIVIDENDS AND CAPITALS GAINS BEFORE TAXES, JAN. 
      1-MAR. 27, 1995   DATA: MORNINGSTAR INC.
      
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