Investment Company Institute Chairman Paul Haaga told mutual fund executives at the General Membership Meeting in Washington Wednesday that they must always consider investors' interests first, and that the recent scandal should serve as a constant reminder about those investors' well-being.

"If the discovery of abuses within our own industry did not teach us important lessons about our responsibilities to fund investors, the scandal will not really have ended," Haaga told a room of ICI members in his opening remarks at the Institute's 2004 General Membership Meeting in Washington, D.C.

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