Like Frankenstein and his monster, RREEF America of Chicago is bringing a mutual fund back to life. The money manager is bringing out a twin of one of its old real estate funds even though it merged a similar fund with American Century Investments of Kansas City, Mo. two years ago.

RREEF is sub-adviser to the American Century Real Estate Fund, a retail and institutional fund that the $25 million RREEF Real Estate Securities Fund merged with on June 13, 1997, three days before shares of the American Century Fund were offered to the public.

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