Table: The Worst Returns

TOTAL RETURN*
      WRIGHT EQUIFUND-MEXICO NATL. FID.        -43.79%
      MORGAN STANLEY LATIN AMERICAN A          -32.97
      BT INVESTMENT LATIN AMERICAN EQUITY      -30.68
      HERCULES LATIN AMERICAN VALUE            -28.18
      MERRILL LYNCH LATIN AMERICA B            -27.53
      TCW/DW LATIN AMERICAN GROWTH             -27.23
      FIDELITY LATIN AMERICA                   -26.92
      T. ROWE PRICE LATIN AMERICA              -25.56
      UST MASTER EMERGING AMERICAS             -22.25
      WARBURG PINCUS JAPAN OTC COMM.           -21.70
      UNITED SERVICES GOLD                     -21.61
      LEXINGTON STRATEGIC INVESTMENTS          -21.36
      SCUDDER LATIN AMERICA                    -20.92
      PIMCO ADV. INSTL. BLAIRLOGIE EMRG.       -19.06
      JAPAN                                    -18.93
      RBB-BEA EMERGING MARKETS EQUITY          -18.85
      MORGAN STANLEY INSTL. EMRG. MKTS.        -17.02
      MORGAN GRENFELL EMRG. MKTS. EQTY.        -16.35
      FIDELITY EMERGING MARKETS                -16.12
      BLANCHARD EMRG. MKTS. GRTH. & INC.       -15.46
      LAZARD EMERGING MARKETS                  -15.21
      EV MARATHON GREATER INDIA                -15.14
      BULL & BEAR GOLD INVESTORS               -14.76
      MITCHELL HUTCHINS/KIDDER EMRG. MKTS. B   -14.75
      G.T. GLOBAL EMERGING MARKETS A           -14.36
      VAN ECK INTL. INVESTORS GOLD A           -14.07%
      MORGAN STANLEY INSTL. JAPANESE EQUITY    -13.84
      KEYSTONE PRECIOUS METALS HOLDINGS        -13.79
      PNC INTERNATIONAL EMRG. MKTS. INSTL.     -13.39
      MORGAN STANLEY EMERGING MARKETS A        -13.21
      VANGUARD SPEC. GOLD & PREC. MTLS.        -13.13
      G.T. GLOBAL JAPAN GROWTH A               -12.67
      SEVEN SEAS EMERGING MARKETS              -12.64
      EVERGREEN GLOBAL REAL EST. EQTY. Y       -12.27
      GAM PACIFIC BASIN                        -11.94
      HERCULES PACIFIC BASIN VALUE             -11.87
      FIDELITY JAPAN                           -11.86
      MONTGOMERY INSTL. EMERGING MARKETS       -11.77
      T. ROWE PRICE JAPAN                      -11.62
      G.T. GLOBAL INTERNATIONAL GROWTH B       -11.47
      FIDELITY PACIFIC BASIN                   -11.43
      MONITREND GOLD                           -11.39
      VANGUARD INTL. EQTY. INDEX EMRG. MKTS.   -11.32
      LEXINGTON GOLDFUND                       -11.30
      LEXINGTON WORLDWIDE EMERGING MARKETS     -11.16
      MONTGOMERY EMERGING MARKETS              -11.14
      PIONEER EMERGING MARKETS A               -11.13
      MORGAN GRENFELL INTL. SMALL CAP EQTY.    -11.04
      BJB INTERNATIONAL EQUITY A               -10.96
      T. ROWE PRICE INTERNATIONAL DISCOVERY    -10.77
      *APPRECIATION PLUS REINVESTED DIVIDENDS AND
      CAPITAL GAINS BEFORE TAXES, JAN. 1-MAR. 27, 1995
      DATA: MORNINGSTAR INC.
      
      
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE