NEW YORK - The cost of investing in bond mutual funds decreased by 25 percent and the cost of investing in money market mutual funds dropped 15 percent between 1980 and 1997, according to a study the Investment Company Institute (ICI) released last Tuesday.

This reinforces comparable data on equity mutual funds which the ICI, the fund industry's major trade organization, issued last November. That data showed a 33 percent decrease in the cost of investing in those instruments between 1980 and 1997 (MFMN, November 13, 1998).

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