Booklets Explain Trusts, Mutual Funds In Spanish

Three educational booklets about mutual funds are now available in Spanish as well as English.

One booklet focuses on mutual funds, another on closed-end funds and another on unit investment trusts. Each is available in a Spanish-language version and an English-language version.

They review the basic features of each investment, and talk about fees, expenses, shareholder services and regulation.

The booklets are published by the Investment Company Institute in Washington, a trade group for the mutual fund industry.

For your free copy of any or all of the booklets, write: Investment Company Institute, P.O. Box 27850, Washington, D.C. 20038-7850.

Your request won’t result in any follow-up mailings or phone calls, an institute spokeswoman said.

If you have access to a computer, you may read the guides, and get more information about mutual funds and the fund industry, by contacting the institute’s World Wide Web site at this Internet address: http://www.ici.org>

Net offers money market tips

Scads of banks and brokerages, including such giants as Fidelity, Schwab and Waterhouse Securities, offer information about money market funds over the Web these days.

But which one might be right for you?

To get acquainted with money market funds and how they work, you might want to first check out one or two of these informative sites:

The Investment FAQ invest-faq.com/articles/mfundmoney-mkt.html

A good site that contains a series of articles devoted to a variety of topics surrounding money market funds.

Standard and Poor’s ratings.standardpoor.com/ definitions/money.htm

Provides a quick and understandable explanation of the money market rating system.

Money Market Fund Newsletter costar.net/mnews.htm

An Internet newsletter devoted exclusively to money market funds that is updated weekly. There is a $12 annual subscription fee.

With all of these, start your command with http://www.