Largest U.S.-listed emerging-market funds
      
      OPEN-END FUNDS
                                                   ASSETS   1995 TOTAL
                                                  BILLIONS  RETURN*
      TEMPLETON DEVELOPING MKTS.I                    2.2      4.2%
      FIDELITY EMERGING MKTS.                        1.4      0.2
      MERRILL LYNCH DEV. CAP. MKTS.A                 0.4     -3.1
      MONTGOMERY EMERGING MKTS.                      1.1     -3.4
      MORGAN STANLEY INS. EM. MKTS.                  1.0     -6.2
      
      CLOSED-END FUNDS
      
                                                   ASSETS  1995 TOTAL 
                                                  BILLIONS  RETURN*
      CHILE FUND                                     0.4     9.5%
      G.T. GLOBAL DEVELOPING MKTS.                   0.4     -2.6
      MORGAN STANLEY INDIA                           0.4     -3.3
      KOREA FUND                                     0.6     -4.1
      MORGAN STANLEY ASIA-PACIFIC                    0.7     -8.0
      DATA: MORNINGSTAR INC. *Through Aug. 25
      
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