Politicians have received $1.8 million in donations from major securities firms and at least 16 mutual fund management companies so far during the 1999-2000 election year, according to data from the Center for Responsive Politics, a non-partisan, non-profit research group in Washington, D.C.

The Investment Company Institute's political action committee, called the Investment Management Political Action Committee of the ICI, on behalf of at least a dozen of its mutual fund management members, has donated more than $235,000 according to the CRP. That has been allocated in amounts between $500 and $6,000 to each of approximately 150 House candidates and 24 Senate candidates. During the 1997-1998 elections, the ICI donated more than $563,000.

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