A study released last week that includes a list of the top 20 fund websites changed its selection methodology for the second straight year, a factor that may have contributed to four firms being dropped from the list, said Lee Kowarski, a consultant with kasina LLC of New York, the technology consulting firm that conducted the study.

The four new companies on kasina's top 20 list include; Founders Asset Management and INVESCO Funds Group of Denver, Gabelli Asset Management of Rye, N.Y., and Oppenheimer Funds of New York. The firms replace Kemper Funds and Scudder Funds of Boston, Morgan Stanley Dean Witter of New York and Safeco Funds of Seattle.

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