The Golden Rainbow Fund, an $82 million balanced fund managed by James Investment Research of Alpha, Ohio, has cut the front-end sales commission on its class A shares from 5.75 percent to two percent, effective Oct. 10, according to an Oct. 11 fund prospectus amendment.

The sales charge reduction was prompted by the fund's poor performance in 1999 and slightly better, but still meager, performance year-to-date, said Diane Rose, a marketing representative for the fund. Brokers that were selling the fund were simply not attracting enough assets, Rose said.

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