Five million more Americans have become mutual fund shareholders during the past year, bringing total mutual fund ownership to 88 million individuals in 2000, according to the Investment Company Institute. That number is up from 83 million in 1999, according to the ICI.

An estimated 50.6 million U.S. households, or nearly one in two households, owned mutual funds as of June 2000, according to an ICI survey of 3000 randomly-selected U.S. households conducted in June 2000. This is a 4.5 percent increase from 1999, the ICI reported.

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