Jundt Associates of Minneapolis, Minn., the adviser to four growth oriented load-funds, plans to begin offering a no-load family of funds next year. The American Eagle Funds will include two growth funds. One of these may use leverage to increase its returns, according to a registration statement filed with the SEC Nov. 19. The new funds include the Capital Appreciation Fund, which may sell short and use other techniques to increase its leverage in investing in growth stocks, and the Twenty Fund. The Twenty Fund will invest in approximately 20 stocks, primarily of U.S. growth companies.

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