Mutual funds hit investors with the highest capital gains distributions ever in 2000, according to Wiesenberger/Thomson Financial of Rockville, Md., a mutual fund tracking service.

More than nine percent of the average fund's net asset value was subject to capital gains taxes in 2000, according to Wiesenberger. At the same time, the average fund returned 0.03 percent, according to the firm. Wiesenberger is a division of Thomson Financial, the publisher of this newsletter.

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