PALM DESERT, Calif. - The SEC expects to complete its assessment of trends in mutual fund fees and expenses by early this summer, said Paul Roye, director of the SEC's division of investment management. The SEC has completed compiling data for the study and now is working on how it will report the results, Roye said.

Roye spoke at the 2000 Mutual Funds and Investment Management Conference here last week. The Federal Bar Association of Washington and the Investment Company Institute sponsored the conference.

Roye declined to describe what the SEC has found so far and what form the study ultimately will take. He expects the study to come out at roughly the same time as a General Accounting Office study on fund fees, he said. The SEC has worked with the GAO on the SEC study, but the two entities will issue separate, independent reports, Roye said.

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