This issue represents the culmination of a series of changes that we've been making to the print publication over the past several months in an effort to bring you a more insightful and informative newsletter.

Those changes include a new section on industry executives that provides greater weekly coverage of personnel changes, a new series that begins today of front-page charts provided by Financial Research Corporation to help you focus on industry trends, and a spotlight on marketing developments relating to the Web. Coincidng with these changes, we've also introduced an expanded Web site, updated twice daily, to bring you the quality and quantity of information on mutual funds and the money management business that you can't get anywhere else--in print or on-line. Expect more changes along this front in the weeks and months to come.

In bringing you expanded content and a more colorful, easier to read publication, the changes represent a new commitment to bring you stories that provide, as our new tag line states, "uncommon insight for growing funds."

We hope you find these changes helpful. Let us know what you think. We'd love to hear from you.

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