WRIGHT EQUIFUND EQUITY TRUST, 485APOS, 1996-02-29

WRIGHT EQUIFUND EQUITY TRUST
485APOS, 1996-02-29

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As filed with the Securities and Exchange Commission on February 29, 1996
1933 Act File No. 33-30085
1940 Act File No. 811-5866

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N--1A

REGISTRATION STATEMENT
UNDER
SECURITIES ACT OF 1933 |X|
POST-EFFECTIVE AMENDMENT NO. 10 |X|
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940 |X|
AMENDMENT NO. 13 |X|

The Wright EquiFund Equity Trust
(Exact Name of Registrant as Specified in Charter)

24 Federal Street, Boston, Massachusetts 02110
-------------------------------------------------
(Address of Principal Executive Offices)

617-482-8260
------------
(Registrant's Telephone Number)

H. Day Brigham, Jr.
24 Federal Street, Boston, Massachusetts 02110
(Name and Address of Agent for Service)

It is proposed that this filing will become effective on May 1, 996 pursuant to
paragraph (a)(1) of Rule 485.

The exhibit index required by Rule 483(a) under the Securities Act of 1933 is
located on page __ in the sequential numbering systemof this Registration
Statement.

The Registrant has filed a Declaration pursuant to Rule 24f-2 and on February
16, 1996 filed its "Notice" as required by that Rule for the fiscar year ended
December 31, 1995.

<PAGE>

<TABLE>

The Wright EquiFund Equity Trust
Cross Reference Sheet

Item No. Statement of
FORM N-1A--Part A Prospectus Caption Additional Information Caption
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1..................... Front Cover Page
2..................... An Introduction to the Funds,
Shareholder and Fund Expenses
3(a).................. Financial Highlights
3(b).................. Not Applicable
3(c).................. Performance Information
4..................... An Introduction to the Funds, The Funds and their
Investment Objectives and Policies, Policies that Apply
to All Funds except the United States, International and
Global Funds, Policies that Apply to the United States,
International and Global Funds, Other Investment
Policies, Other Information, Appendix
5..................... The Investment Adviser, The Administrator,
Distribution Expenses, Back Cover
5(a).................. Not Applicable
6..................... Other Information, Distributions by the
Funds, Taxes
7..................... How to Buy Shares, How the Funds
Value their Shares, How Shareholder
Accounts are Maintained, How to
Exchange Shares, Tax-Sheltered
Retirement Plans
8..................... How to Redeem or Sell Shares
9..................... Not Applicable

Form N-1A -- Part B
- ----------------------------------------------------------------------------------------------------------------------------------

10.................... Front Cover Page and Back Cover
11.................... Table of Contents
12.................... General Information and History
13.................... Investment Objectives and Policies,
Investment Restrictions
14.................... Officers and Trustees
15.................... Control Persons and Principal Holders
of Shares
16.................... Investment Advisory and Administra-
tive Services, Custodian, Independent
Certified Public Accountants, Back
Cover
17.................... Brokerage Allocation
18.................... Fund Shares and Other Securities
19.................... How to Buy Shares, How to Redeem Purchase, Exchange, Redemption,
or Sell Shares, How the Funds Value and Pricing of Shares
their Shares
20.................... Taxes Taxes
21.................... Principal Underwriter
22.................... Performance Information
23.................... Financial Statements

</TABLE>
<PAGE>

Part A -- Information Required In A Prospectus
-----------------------------------------------

<TABLE>

PROSPECTUS

THE WRIGHT EQUIFUND EQUITY TRUST
- -----------------------------------------------------------------------------------------------------
<S> <C> <C>

Wright EquiFund--Australasia* Wright EquiFund--Germany Wright EquiFund--Nordic
Wright EquiFund--Austria* Wright EquiFund--Hong Kong Wright EquiFund--Switzerland
Wright EquiFund--Belgium/Luxembourg Wright EquiFund--Ireland* Wright EquiFund--United States*
Wright EquiFund--Britain Wright EquiFund--Japan Wright EquiFund--Global*
Wright EquiFund--Canada* Wright EquiFund--Mexico Wright EquiFund--International*
Wright EquiFund--France* Wright EquiFund--Netherlands
- ------------------------------------------------------------------------------------------------------
</TABLE>

* As of the date of this Prospectus, these Funds are not available for purchase
in any state of the United States. Contact the principal underwriter or your
broker for the latest information.

Each Fund seeks to enhance total investment return (consisting of price
appreciation plus income) by investing in a broadly based portfolio of equity
securities selected from the publicly traded companies in the National Equity
Index for the nation or nations in which each Fund is permitted to invest. Only
securities for which adequate public information is available and which could be
considered acceptable for investment by a prudent person will comprise the
National Equity Indices.

This combined Prospectus is designed to provide you with information you
should know before investing. Please retain this document for future reference.

A combined Statement of Additional Information dated May 1, 996 containing
more detailed information about the Funds has been filed with the Securities and
Exchange Commission and is incorporated herein by reference. This Statement is
available without charge from Wright Investors' Service Distributors, Inc.

Write To: The Wright EquiFund Equity Trust
Wright Investors' Service Distributors, Inc., 1000 Lafayette
Blvd., Bridgeport, CT 06604

or Call: (800) 888-9471

SHARES OF THE FUNDS ARE NOT DEPOSITS OR OBLIGATIONS OF, OR ENDORSED OR
GUARANTEED BY ANY BANK OR OTHER INSURED DEPOSITORY INSTITUTION, AND ARE NOT
FEDERALLY INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL
RESERVE BOARD OR ANY OTHER GOVERNMENT AGENCY. SHARES OF THE FUNDS INVOLVE
INVESTMENT RISKS, INCLUDING FLUCTUATIONS IN VALUE AND THE POSSIBLE LOSS OF SOME
OR ALL OF THE PRINCIPAL INVESTMENT.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

Prospectus Dated May 1, 1996

<PAGE>

Table of Contents
--------------------
PAGE
------

An Introduction to the Funds.............. 2
Shareholder and Fund Expenses............. 6
Financial Highlights...................... 9
The Funds and their Investment
Objectives and Policies................ 18
The National Equity Indices............... 19
Policies that Apply to All Funds Except the
United States, International and Global
Funds ................................. 20
Policies that Apply to the United States,
International and Global Funds......... 21
Other Investment Policies ................ 21
Special Investment Considerations - Risks. 22
The Investment Adviser.................... 24

The Administrator......................... 28
Distribution Expenses..................... 29
How the Funds Value their Shares.......... 30
How to Buy Shares......................... 31
How Shareholder Accounts are Maintained... 33
Distributions and Dividends by the Funds.. 33
Taxes..................................... 34
How to Exchange Shares.................... 35
How to Redeem or Sell Shares.............. 37
Performance Information................... 38
Other Information......................... 39
Tax-Sheltered Retirement Plans............ 40
Appendix.................................. 41

- -------------------------------------------------------------------------------

An Introduction to the Funds

The information summarized below is qualified in its entirety by the more
detailed information set forth below in this Prospectus.

The Trust........................ The Wright EquiFund Equity Trust
(the "Trust") is an open end, management
investment company, known as a mutual fund,
registered as an investment company under
the Investment Company Act of 1940, as
amended (the "1940 Act"). The Trust consists
of 17 series, which are described in this
Prospectus (each a "Wright EquiFund" and
collectively the "Wright EquiFunds").
The Wright EquiFunds offered through this
Prospectus are referred to herein as the
Funds. Each Wright EquiFund is a diversified
fund and represents a separate and distinct
series of the Trust's shares of beneficial
interest.

Investment Objective............. Each Fund seeks to achieve its investment
objective of enhanced total investment
return (price appreciation plus income) by
investing in a broadly based portfolio of
equity securities selected by the Investment
Adviser from the publicly traded companies
in the corresponding National Equity Index.
Only securities for which adequate public
information is available and which could be
considered acceptable by a prudent person
will comprise the National Equity Indices.
Although there can

<PAGE>

be no guarantee that each Fund's investment
objective will be achieved, each Fund is
expected to have a broadly based investment
portfolio composed of the equity securities
of companies in the designated nation or
nations.

The Funds........................ The following Funds are offered through this
Prospectus:

Wright EquiFund -- Australasia*
Wright EquiFund -- Austria*
Wright EquiFund -- Belgium/Luxembourg
Wright EquiFund -- Britain
Wright EquiFund -- Canada*
Wright EquiFund -- France*
Wright EquiFund -- Germany
Wright EquiFund -- Hong Kong
Wright EquiFund -- Ireland*
Wright EquiFund -- Japan
Wright EquiFund -- Mexico
Wright EquiFund -- Netherlands
Wright EquiFund -- Nordic
Wright EquiFund -- Switzerland
Wright EquiFund -- United States*
Wright EquiFund -- Global*
Wright EquiFund -- International*
-------------------------------------------
* As of the date of this Prospectus, these
Funds are not available for purchase in any
state of the United States. Contact the
principal underwriter or your broker for the
latest information.

The Investment Adviser........... Each Fund has engaged Wright Investors'
and Administrator Service, Inc., 1000 Lafayette Boulevard,
Bridgeport, CT ("Wright" or the "Investment
Adviser") as investment adviser to carry out
the investment and reinvestment of the
Fund's assets. Each Fund also has retained
Eaton Vance Management ("Eaton Vance" or the
"Administrator"), 24 Federal Street, Boston,
MA 02110 as administrator to manage the
Fund's business affairs.

The Distributor.................. Wright Investors' Service Distributors, Inc.
("WISDI" or the "Principal Underwriter") is
the Distributor of the Funds' shares and
receives a distribution fee equal on an
annual basis to 0.25% of each Fund's average
daily net assets.

<PAGE>

Who May Purchase Fund Shares..... The Funds were established to provide
broadly based investment opportunities in
the main security markets of the world for
investment portfolios managed by
professional trustees and other persons and
institutions acting in a fiduciary capacity.
The Funds are designed to enable fiduciaries
to comply with the rule that investments
made by fiduciaries should be selected with
the care, skill and caution that would be
exercised by a prudent person where the
primary consideration is preservation of
capital. Shares of the Funds are available
to the public as well as through these
fiduciaries.

How to Purchase Fund Shares...... There is no sales charge on the purchase
of Fund shares. Shares of any Fund may be
purchased at the net asset value per share
next determined after receipt and acceptance
of the purchase order. The minimum initial
investment in each Fund is $1,000 which
will be waived for investments in 401(k)
tax-sheltered retirement plans. The $1,000
minimum initial investment is also waived
for Bank Draft Investing accounts which may
be established with an investment of $50
or more with a minimum of $50 applicable to
each subsequent investment.

Distribution Options............. Unless the shareholder has elected to
receive dividends and distributions in cash,
dividends and distributions will be
reinvested in additional shares of the
Fund making such dividend or distribution
at the net asset value per share as of the
reinvestment date. Dividend and capital
gains distributions, if any, are usually
made annually in December.

Redemptions...................... Shares may be redeemed directly from a Fund
at the net asset value per share next
determined after receipt of the redemption
request in good order. A telephone
redemption privilege is available as
described on page 37.

Exchange Privilege............... Shares of the Funds may be exchanged for
shares of certain other funds managed by
the Investment Adviser at the net asset
value next determined after receipt of the
exchange request. There are limits on the
number and frequency of exchanges. A
telephone exchange privilege is available
as described on page 35.
<PAGE>

Net Asset Value.................. The net asset value per share of each Fund
is calculated on each day the New York Stock
Exchange is open for trading. Call
(800) 888-9471 for the current day's net
asset value.

Taxation......................... Each Fund has qualified and elected or
intends to qualify and elect to be treated
as a regulated investment company for
federal income tax purposes under Subchapter
M of the Internal Revenue Code.

Shareholder Communications....... Each shareholder will receive annual and
semi-annual reports containing financial
statements, and a statement confirming each
share transaction. Financial statements
included in annual reports are audited by
the Trust's independent certified public
accountants. Where possible, shareholder
confirmations and account statements will
consolidate all Wright investment fund
holdings of the shareholder.

Special Risk Considerations...... International investments pose additional
risks including currency exchange rate
fluctuation, currency revaluation and
political risks. See page 22 for additional
foreign investment considerations.

The Prospectuses of the Funds are combined in this Prospectus. Each Fund offers
only its own shares, yet it is possible that a Fund might become liable for a
misstatement in the prospectus of another Fund. The Trustees of the Trust have
considered this in approving the use of a combined Prospectus.

<PAGE>

Shareholder and Fund Expenses
EquiFund -- Wright National Fiduciary Equity Funds

<TABLE>

Belgium/
Aus- Luxem-
tralasia Austria bourg Britain Canada France
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>

Shareholder Transaction Expenses
- --------------------------------
(as a percentage of the maximum offering price)
Maximum Sales Charge Imposed on Purchases none none none none none none
Maximum Sales Charge Imposed
on Reinvestment of Dividends none none none none none none
Deferred Sales Charge none none none none none none
Redemption Fees* 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Exchange Fees none none none none none none

Annualized Fund Operating Expenses
- -----------------------------------
(as a percentage of average daily net assets)
Investment Advisory Fees (after any fee reduction)(1)0.00% 0.00% 0.75% 0.75% 0.00% 0.00%
Rule 12b-1 Distribution Expenses (after expense
reduction) (2) 0.00% 0.00% 0.25% 0.25% 0.00% 0.00%
Other Expenses (including administration
fee of 0.10%) (3) 2.00% 2.00% 0.76% 0.56% 2.00% 2.00%
------ ------ ------ ------ ------ ------

Total Net Operating Expenses (after reduction)(4)(5) 2.00% 2.00% 1.76% 1.56% 2.00% 2.00%
====== ====== ====== ====== ====== ======
</TABLE>
<TABLE>

Hong Nether-
Germany Kong Ireland Japan Mexico lands
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Shareholder Transaction Expenses
- --------------------------------
(as a percentage of the maximum offering price)
Maximum Sales Charge Imposed on Purchases none none none none none none
Maximum Sales Charge Imposed
on Reinvestment of Dividends none none none none none none
Deferred Sales Charge none none none none none none
Redemption Fees* 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Exchange Fees none none none none none none

Annualized Fund Operating Expenses
(as a percentage of average daily net assets)
Investment Advisory Fees (after any fee reduction)(1)0.75% 0.75% 0.00% 0.75% 0.75% 0.71%
Rule 12b-1 Distribution Expenses (after expense
reduction) (2) 0.25% 0.25% 0.00% 0.25% 0.25% 0.10%
Other Expenses (including administration
fee of 0.10%) (3) 0.59% 0.59% 2.00% 0.81% 0.72% 1.45%
------ ------ ------ ------ ------ ------

Total Net Operating Expenses (after reduction)(4)(5) 1.59% 1.59% 2.00% 1.81% 1.72% 2.26%
====== ====== ====== ====== ====== ======
</TABLE>
<PAGE>
<TABLE>

Switzer-United Inter-
Nordic land States Global national
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Shareholder Transaction Expenses
- --------------------------------
(as a percentage of the maximum offering price)
Maximum Sales Charge Imposed on Purchases none none none none none
Maximum Sales Charge Imposed
on Reinvestment of Dividends none none none none none
Deferred Sales Charge none none none none none
Redemption Fees* 1.50% 1.50% 1.50% 1.50% 1.50%
Exchange Fees none none none none none

Annualized Fund Operating Expenses
(as a percentage of average daily net assets)
Investment Advisory Fees (after any fee reduction) (1) 0.26% 0.75% 0.00% 0.00% 0.00%
Rule 12b-1 Distribution Expenses (after expense
reduction) (2) 0.10% 0.12% 0.00% 0.00% 0.00%
Other Expenses (including administration
fee of 0.10%) (3) 1.88% 1.39% 2.00% 2.00% 2.00%
------ ------ ------ ------ ------

Total Net Operating Expenses (after reduction) (4) (5) 2.24% 2.26% 2.00% 2.00% 2.00%
====== ====== ====== ====== ======
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

* Applicable only to shares purchased after December 31, 1995 and redeemed
within 30 days of purchase.

(1) After reduction by the Investment Adviser. If no reduction were made, the
Investment Advisory Fees would be a maximum of 0.75% of each Fund's average
daily net assets.

(2) After reduction by the Principal Underwriter. If no reduction were made,
the Rule 12b-1 Distribution Expenses would be 0.25% of each Fund's average
daily net assets.

(3) After allocation of expenses in excess of 2.00% of each Fund's average daily
net assets to the Investment Adviser. If such allocation were not made,
Other Expenses are estimated to be 2.01% for Australasia; 2.05% for Austria;
2.15% for Canada; 2.15% for France; 2.15% for Global; 2.08% for
International; 2.04% for Ireland; and 2.00% for United States.

(4) The Investment Adviser and Principal Underwriter reduced their fees for the
Netherlands and Nordic Funds and in addition the Nordic Fund was allocated
certain expenses during the 1995 fiscal year to the extent that expenses,
net of custodian fee credits, exceeded 2.00% of the daily net assets of each
Fund that was offering its shares and voluntarily intends to do the same for
each Fund for the current fiscal year. In addition, the Principal
Underwriter reduced its fee for the Switzerland Fund. If no fee reductions
or expense allocations were made, the Annualized Fund Operating Expenses as
a percentage of average net assets, including investment advisory fees at a
maximum of 0.75% of average daily net assets would have been: Switzerland
2.39%; Nordic 3.25%; Netherlands 2.45%; and, for the Funds with no operating
experience prior to 1996, expenses are estimated to be: Australasia 3.11%;
Austria 3.15%; Canada 3.25%; France 3.25%; Global 3.25%; International
3.18%; Ireland 3.14%; and United States 3.00%.

(5) During the year ended December 31, 1995, custodian fees were reduced by
credits resulting from cash balances that the Funds maintained with
Investors Bank & Trust Company. If these credits were included, the Total
Net Operating Expenses shown above would have been: Belgium/Luxembourg
1.53%; Britain 1.24%; Germany 1.29%; Hong Kong 1.34%; Japan 1.49%; Mexico
1.39%; Netherlands 2.00%; Nordic 2.00%; and Switzerland 2.00%.

<PAGE>

Example of Fund Expenses

The following is an illustration of the total transaction and operating
expenses that an investor in any Fund would bear over different periods of time,
assuming an investment of $1,000, a 5% annual return on the investment and a
complete redemption at the end of each period:
<TABLE>

1 Year 3 Years 5 Years 10 Years
-----------------------------------------------
<S> <C> <C> <C> <C>
Australasia $ 20 $ 63
Austria 20 63
Belgium/Luxembourg 18 55 $ 95 $207
Britain 16 49 85 186
Canada 20 63
France 20 63
Germany 16 50 87 189
Hong Kong 16 50 87 189
Ireland 20 63
Japan 18 57 98 213
Mexico 17 54 93 203
Netherlands 23 71 121 260
Nordic 23 70 120 257
Switzerland 23 71 121 260
United States 20 63
Global 20 63
International 20 63
- --------------------------------------------------------------------------------------------------
</TABLE>

The Example should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown. Federal
regulations require the Example to assume a 5% annual return, but actual return
will vary.

NOTES

(1) The purpose of the above tables and Examples is to assist investors in
understanding the various costs and expenses that investors in the Funds may
bear directly or indirectly. See "Financial Highlights," "The Investment
Adviser," "The Administrator," "Distribution Expenses" and "How to Redeem or
Sell Shares." The table reflects estimated fees and expenses based on actual
operating expenses for the Belgium/Luxembourg, Britain, Germany, Hong Kong,
Japan, Mexico, Netherlands, Nordic and Switzerland Funds for the fiscal year
ended December 31, 1995. The fees and expenses shown in the table assume the
continuation of the reduction of the investment advisory fee and partial
allocation of expenses to the Investment Adviser and the reduction of the fee
payable under the Distribution Plan. Actual expenses may be greater or less than
those shown in the table and example. A Fund's payment of a distribution fee may
result in a long-term shareholder paying more than the economic equivalent of
the maximum initial sales charge permitted under the Rules of Fair Practice of
the National Association of Securities Dealers, Inc.

<PAGE>

Financial Highlights

The following information should be read in conjunction with the audited
financial statements included in the Statement of Additional Information, all of
which have been so included in reliance upon the report of Deloitte & Touche
LLP, independent certified public accountants, as experts in accounting and
auditing, which report is contained in the Funds' Statement of Additional
Information. Further information regarding the performance of a Fund is
contained in its annual report to shareholders which may be obtained without
charge by contacting the Fund's Principal Underwriter, Wright Investors' Service
Distributors, Inc., at (800) 888-9471.

<TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
BELGIUM/LUXEMBOURG FUND
1995 1994(1)
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>

Net asset value -- beginning of year $ 10.240 $ 10.000
-------- --------

Income from Investment Operations:
Net investment income............. $ 0.156 $ 0.106
Net realized and unrealized gain.. 1.904 0.174
-------- --------

Total income from investment
operations.................... $ 2.060 $ 0.280
-------- --------

Less Distributions:
From net investment income........ $ (0.050) $(0.040)

From net realized gains on investments (0.240) --
-------- --------

Total distributions............. $ (0.290) $(0.040)
-------- --------

Net asset value, end of year........ $ 12.010 $10.240
========= =========

Total Return(3)..................... 20.28% 2.81%
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 14,753 $ 11,437
Ratio of net expenses to average net
assets.......................... 1.76%(4) 1.62%(2)
Ratio of net investment income
to average net assets........... 1.52%(4) 0.95%(2)
Portfolio Turnover Rate........... 38% 26%
<FN>
(1) For the period from start of business, February 15, 1994 to December 31,
1994.
(2) Annualized.
(3) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the
last day of each period reported. Dividends and distributions, if any,
are assumed to be invested at the net asset value on the record date.
(4) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses
to average daily net assets reported above is computed without
consideration of such credits, in accordance with reporting regulations
in effect beginning in 1995. If these credits were considered, the
ratio of net expenses to average daily net assets would have been reduced
to 1.53%.
</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
BRITAIN FUND
1995(1)
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C>

Net asset value -- beginning of period $ 10.000
--------

Income from Investment Operations:
Net investment income............. $ 0.213
Net realized and unrealized gain.. 0.892
--------

Total income from investment
operations.................... $ 1.105
--------

Les Distributions:
From net investment income........ $ (0.150)
From net realized gains on investments (0.555)
--------

Total distributions............. $ (0.705)

--------

Net asset value, end of period...... $ 10.400
=========

Total Return(2)..................... 11.10%
Annualized Ratios/Supplemental Data:
Net assets, end of period
(000 omitted)................... $ 13,932
Ratio of net expenses to average net
assets.......................... 1.56%(3) (4)
Ratio of net investment income
to average net assets........... 2.77%(4)
Portfolio Turnover Rate........... 42%

<FN>

(1) For the period from start of business, April 20, 1995, to December
31,1995.
(2) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(3) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 1.24%.
(4) Annualized.

</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
GERMANY FUND
1995(1)
- ----------------------------------------------------------------------------------------------------------
<S> <C>

Net asset value -- beginning of period $ 10.000
--------

Income from Investment Operations:
Net investment income............. $ 0.073
Net realized and unrealized loss.. (0.783)
--------

Total income from investment
operations.................... $ (0.710)

Less Distributions:
From net investment income........ (0.050)
--------

Net asset value, end of period...... $ 9.240
=========

Total Return(2)..................... (7.09%)
Annualized Ratios/Supplemental Data:
Net assets, end of period
(000 omitted)................... $ 16,419
Ratio of net expenses to average net
assets.......................... 1.59%(3) (4)
Ratio of net investment income
to average net assets........... 0.91%(4)
Portfolio Turnover Rate........... 18%

<FN>

(1) For the period from start of business, April 19, 1995, to December 31,
1995.
(2) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(3) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 1.29%.
(4) Annualized.

</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
HONG KONG FUND
1995 1994 1993 1992 1991 1990(2)
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Net asset value -- beginning of year $ 13.020 $ 20.990 $ 11.770 $ 10.270 $ 8.360 $ 10.000
-------- -------- -------- -------- -------- --------

Income from Investment Operations:
Net investment income(1).......... $ 0.368 $ 0.678 $ 0.426 $ 0.330 $ 0.266 $ 0.093
Net realized and unrealized gain
(loss)(4)........................ (0.158) (8.448) 9.394 1.355 2.474 (1.733)
-------- -------- -------- -------- -------- --------

Total income (loss)
from investment operations...... $ 0.210 $ (7.770) $ 9.820 $ 1.685 $ 2.740 $ (1.640)
-------- -------- -------- -------- -------- --------

Less Distributions:
From net investment income........ $ (0.200) $ (0.200) $ (0.254) $ (0.170) $ (0.200) $ --

From net realized gains on investments -- -- (0.346) (0.015) (0.630) --
-------- -------- -------- -------- -------- --------

Total Distributions............... $ (0.200) $ (0.200) $ (0.600) $ (0.185) $ (0.830) --
-------- -------- -------- -------- -------- --------

Net asset value, end of year........ $ 13.030 $ 13.020 $ 20.990 $ 11.770 $ 10.270 $ 8.360
========= ========= ========= ========= ========= =========

Total Return(3) .................... 1.63% (37.03%) 84.32% 16.33% 34.34% (17.20%)
Annualized Ratios/Supplemental Data:
Net assets, end of period(000 omitted)$25,399 $ 19,679 $ 16,210 $ 3,545 $ 23 $ 301
Ratio of net expenses to average net
assets.......................... 1.59%(5) 1.41% 2.00% 2.00% 2.00% 2.00%(6)
Ratio of net investment income
to average net assets........... 3.26% 3.93% 3.01% 3.13% 2.88% 2.17%(6)
Portfolio Turnover Rate........... 100% 131% 76% 39% 77% 58%
<FN>

(1) During each of the four periods ended December 31, 1993, the Investment
Adviser, the Administrator and the Principal Underwriter reduced their
fees, and the Investment Adviser was allocated a portion of the Fund's
operating expenses. Had such actions not been undertaken, net investment
income (loss) per share and the ratios would have been as follows:

1993 1992 1991 1990(2)
- --------------------------------------------------------------------------------------------------------

Net investment income (loss) per share $ 0.419 $ 0.093 $ (0.871) $ (0.819)
========= ========= ========= =========
Annualized Ratios (As a percentage of average net assets):
Expenses.......................... 2.05% 4.25% 14.31% 23.28%
========= ========= ========= =========
Net investment income (loss)...... 2.96% 0.88% (9.43%) (19.11%)
========= ========= ========= =========

(2) For the period from the start of business, June 28, 1990, to December 31,
1990.
(3) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(4) For the years ended December 31, 1995 and 1992, the per share amount is
not in accord with the net realized and unrealized gain (loss) for the
period because of the timing of sales of Trust shares and the amounts per
share realized and unrealized gains and losses at such times.
(5) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 1.34%.
(6) Annualized.

</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
JAPAN FUND
1995 1994(1)
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C>

Net asset value -- beginning of year $ 9.660 $ 10.000
-------- --------

Income from Investment Operations:
Net investment loss............... $ (0.045) $ (0.050)
Net realized and unrealized loss.. (0.835) (0.170)
-------- --------

Total loss from investment
operations.................... $ (0.880) $ (0.220)

Less Distributions:
From net realized gains on
investments..................... -- (0.120)
-------- --------

Net asset value, end of year........ $ 8.780 $ 9.660
========= =========

Total Return(2)..................... (9.11%) (2.17%)
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 21,631 $ 8,653
Ratio of net expenses to average net
assets.......................... 1.81% (3) 1.83% (4)
Ratio of net investment loss
to average net assets........... (0.67%) (0.66%)(4)
Portfolio Turnover Rate........... 112% 48%

<FN>

(1) For the period from the start of business, February 14, 1994 to December
31, 1994.
(2) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(3) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 1.49%.
(4) Annualized.

</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
MEXICO FUND
1995 1994(1)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>

Net asset value -- beginning of year $ 6.480 $ 10.000
-------- --------

Income from Investment Operations:
Net investment income (loss)...... $ 0.012 $ (0.040)
Net realized and unrealized loss.. (2.175) (2.970)
-------- --------

Total loss from investment
operations.................... $ (2.187) $ (3.010)
-------- --------

Less Distributions:
From net realized gain on investments $ (0.030) $ (0.510)

In excess of net realized gains
on investments.................. (0.043) --
-------- --------

Total distributions............. $ (0.073) $ (0.510)

-------- --------

Net asset value, end of year........ $ 4.220 $ 6.480
========= =========

Total Return(2)..................... (33.37%) (30.91%)
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 32,493 $ 13,422
Ratio of net expenses to average net
assets.......................... 1.72%(3) 1.38% (4)
Ratio of net investment loss
to average net assets........... (0.41%) (0.98%)(4)
Portfolio Turnover Rate........... 110% 85%

<FN>

(1) For the period from the start of business, August 2, 1994, to December
31, 1994.
(2) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(3) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 1.39%.
(4) Annualized.

</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
NETHERLANDS FUND
1995 1994 1993(3) 1992 1991 1990(2)
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Net asset value -- beginning of year $ 8.100 $ 10.020 $ 8.460 $ 9.420 $ 8.650 $ 10.000
-------- -------- -------- -------- -------- --------

Income from Investment Operations:
Net investment income (loss)(1)... $ (0.004) $ (0.060) $ (0.015) $ 0.108 $ 0.114 $ (0.014)
Net realized and unrealized gain
(loss)........................... 1.490 1.150 1.655 (0.958) 0.756 (1.336)
-------- -------- -------- -------- -------- --------

Total income (loss)
from investment operations...... $ 1.486 $ 1.090 $ 1.640 $ (0.850) $ 0.870 $ (1.350)
-------- -------- -------- -------- -------- --------

Less Distributions:
From net investment income........ $ -- $ (0.020) $ (0.080) $ (0.110) $ (0.100) $ --
From net realized gains on
investments..................... (0.996) (2.990) -- -- -- --
-------- -------- -------- -------- -------- --------

Total Distributions............... $ (0.996) $ (3.010) $ (0.080) $ (0.110) $ (0.100) $ --
-------- -------- -------- -------- -------- --------

Net asset value, end of year........ $ 8.590 $ 8.100 $ 10.020 $ 8.460 $ 9.420 $ 8.650
========= ========= ========= ========= ========= =========

Total Return(4) .................... 18.84% 11.68% 19.52% (9.18%) 10.00% (14.30%)
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 7,218 $ 3,951 $ 8,753 $ 165 $ 134 $ 288
Ratio of net expenses to average net
assets.......................... 2.26%(5) 1.93% 2.00% 2.00% 1.69% 2.00% (6)
Ratio of net investment income (loss)
to average net assets........... (0.13%) 0.13% (0.16%) 1.26% 1.39% (0.31%)(6)
Portfolio Turnover Rate........... 87% 101% 47% 69% 59% 7%
<FN>

(1) During each of the periods presented (except 1994), the Investment
Adviser, the Administrator and/or the Principal Underwriter reduced their
fees, and the Investment Adviser was allocated a portion of the Fund's
operating expenses. Had such actions not been undertaken, net investment
income (loss) per share and the ratios would have been as follows:

1995 1993(3) 1992 1991 1990(2)
- -------------------------------------------------------------------------------------------------------

Net investment income (loss) per share $ (0.018) $ (0.085) $ (2.481) $ (1.078) $(0.893)
========= ========= ========= ========= =========
Annualized Ratios (As a percentage of average net assets):
Expenses.......................... 2.45% 2.75% 32.21% 16.23% 21.47% (6)
========= ========= ========= ========= =========
Net investment income (loss)...... (0.58%) (0.91%) (28.95%) (13.15%) (19.78%)(6)
========= ========= ========= ========= =========

(2) For the period from the start of business, June 28, 1990, to December 31,
1990.
(3) Certain of the per share data are based on average shares outstanding.
(4) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(5) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 2.00%.
(6) Annualized.
</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
NORDIC FUND
1995 1994(2)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C>
Net asset value -- beginning of year $ 9.500 $ 10.000
-------- --------

Income from Investment Operations:
Net investment income (loss) (1).. $ 0.072 $ (0.012)
Net realized and unrealized gain (loss) 1.808 (0.118)
-------- --------

Total income (loss) from investment
operations.................... $ 1.880 $ (0.130)
-------- --------

Less Distributions:
From net investment income........ $ (0.050) $ --

In excess of net realized gain
on investments.................. -- (0.366)
From paid-in capital.............. -- (0.004)

-------- --------

Total distributions............... $ (0.050) $ (0.370)
-------- --------

Net asset value, end of year........ $ 11.330 $ 9.500
========= =========

Total Return(3)..................... 19.80% (1.19%)
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 3,504 $ 8,712
Ratio of net expenses to average net
assets.......................... 2.24%(4) 1.78% (5)
Ratio of net investment income (loss)
to average net assets........... 0.15% (0.35%)(5)
Portfolio Turnover Rate........... 94% 33%
<FN>

(1) During the year ended December 31, 1995, the Investment Adviser and the
Principal Underwriter reduced their fees, and the Investment Adviser was
allocated a portion of the Fund's operating expenses. Had such actions not
been undertaken, net investment income per share and the ratios would have
been as follows:

1995

Net investment income per share..... $ (0.523)
=========
Annualized Ratios (As a percentage of average net assets):

Expenses.......................... 3.25%
=========
Net investment income............. (1.09%)
=========

(2) For the period from the start of business, February 14, 1994, to December
31, 1994.
(3) Total investment return is calculated assuming a purchase at the net
asset value on the first day and a sale at the net asset value on the last
day of each period reported. Dividends and distributions, if any, are
assumed to be invested at the net asset value on the record date.
(4) Custodian fees were reduced by credits resulting from cash balances the
Trust maintained with the custodian. The computation of net expenses to
average daily net assets reported above is computed without consideration
of such credits, in accordance with reporting regulations in effect
beginning in 1995. If these credits were considered, the ratio of net
expenses to average daily net assets would have been reduced to 2.00%.
(5) Annualized.
</FN>
</TABLE>

THE WRIGHT EQUIFUND EQUITY TRUST
SWITZERLAND FUND
1995 1994(2)
- ----------------------------------------------------------------------------------------------------
<S> <C> <C>

Net asset value -- beginning of year $ 9.430 $ 10.000
-------- --------

Income from Investment Operations:
Net investment income(1).......... $ 0.060 $ 0.075
Net realized and unrealized gain
(loss).......................... 1.660 (0.595)
-------- --------

Total gain (loss) from investment
operations.................... $ 1.720 $ (0.520)

Less Distributions:
From net investment income........ (0.050) (0.050)
-------- --------

Net asset value, end of year........ $ 11.100 $ 9.430
========= =========

Total Return(3)..................... 18.35% (5.19%)
Annualized Ratios/Supplemental Data:
Net assets, end of year
(000 omitted)................... $ 7,628 $ 3,813
Ratio of net expenses to average net
assets.......................... 2.26%(4) 2.00%(5)
Ratio of net investment income
to average net assets........... 0.72% 0.49%(5)
Portfolio Turnover Rate........... 95% 94%
<FN>

(1) During each of the periods presented, the Investment Adviser and/or the
Principal Underwriter reduced their fees. Had such actions not been
undertaken, net investment income per share and the ratios would have been
as follows:

1995 1994(2)
- -------------------------------------------------------------------------------------------------

Net investment income per share..... $ 0.027 $ 0.063
========= =========
Annualized Ratios (As a percentage of average net assets):

Expenses.......................... 2.39% 2.08%(5)
========= =========
Net investment income............. 0.32% 0.41%(5)
========= =========

<PAGE>

The Funds and their Investment Objectives and Policies

Each Fund seeks to enhance total investment return (consisting of price
appreciation plus income) by investing in a broadly based portfolio of equity
securities selected by the Investment Adviser from the publicly traded companies
in the National Equity Index for the nation or nations in which each Fund is
permitted to invest. Only securities for which adequate public information is
available and which could be considered acceptable for investment by a prudent
person will comprise a National Equity Index. Each Fund will invest at least 65%
of its total assets in the securities of companies located in the country or
countries referred to in its name. The multiple country Funds will invest in
securities of issuers in the following countries: Wright EquiFund--Australasia
- -- Australia and New Zealand; Wright EquiFund--Belgium/Luxembourg -- Belgium and
Luxembourg and Wright EquiFund--Nordic -- Denmark, Finland, Norway and Sweden.
International Fund will invest at least 65% of its total assets among the
countries (excluding the United States) for which National Equity Indices exist.
Global Fund will invest at least 65% of its total assets among the countries
(including the United States) for which National Equity Indices exist. The
multiple country Funds will not necessarily allocate investments equally among
the different countries located in the applicable geographical regions since
there may be a limited number of qualified issuers and securities in a given
country. Thus, investments may at times be weighted more heavily in some
countries within a multiple country Fund. In some instances, all of the assets
of a multiple-country Fund may be invested in one country. A Fund's selection of
equity securities is limited to those equity securities included in the National
Equity Index (which is described below) relating to such Fund. Each Fund will,
under normal market conditions, invest at least 80% of its net assets in equity
securities, including common stocks, preferred stocks and securities convertible
into stock. With respect to Austria, Belgium/Luxembourg, Canada, France,
Germany, Hong Kong, Japan, Netherlands, Nordic and Switzerland Funds, the policy
stated in the preceding sentence is fundamental and may not be changed without
shareholder approval. As a matter of nonfundamental policy, it is expected that
the Funds will normally be fully invested in equity securities. However, for
temporary defensive purposes, a Fund may hold cash or invest all or a portion of
its net assets in the short-term debt securities described under "Special
Considerations -- Defensive Investments."

Except as provided above, the investment objective and policies of each
Fund have not been identified as fundamental and may be changed by the Trustees
of the Trust without a vote of the affected Fund's shareholders. Any such change
of the investment objective of a Fund will be preceded by thirty days' advance
written notice to each shareholder of such Fund. If any changes were made, the
Fund might have an investment objective different from the objective which an
investor considered appropriate at the time the investor became a shareholder in
the Fund. There is no assurance that the Funds will achieve their respective
investment objective. The market price of securities held by the Funds that are
quoted or denominated in foreign currencies, when expressed in U.S. dollars,
will fluctuate in response to changes in exchange rates between the U.S. dollar
and the currencies in which the securities are quoted or denominated. The net
asset value of each Fund's shares will also fluctuate as a result of changes in
the value of the securities that it owns.

<PAGE>

The National Equity Indices

Wright, with the assistance of local financial institutions as described
below, has developed the National Equity Indices (the "Indices"). Each Index is
designed to be an index of substantially all the publicly traded companies in
the nation or nations in which each respective Fund is permitted to invest which
meet the requirements of a prudent investor. The prudent investor standard
requires that care, skill and caution be used in selecting securities for
investment. This prudent investor standard is the foundation for the investment
criteria employed in creating the Indices. Each Fund will select securities for
investment from those included in the corresponding Index, or in the case of
International Fund, from those included in all the Indices except the United
States National Equity Index or in the case of Global Fund, from those included
in all the Indices including the United States National Equity Index.

Wright has developed disciplined objective criteria to insure that the
required care, skill and caution are used in selecting securities for each of
the Indices.

Wright generally considers for inclusion in an Index only those companies
which have at least:

1. Five years of audited operating information;
2. An established minimum in both book value and market value; and
3. A three-year record of pricing in a public market.

In addition, only companies that meet the following criteria will be
included in an Index:

1. A significant portion of the shares of the company is believed to
be publicly owned;

2. The company has had positive earnings for the last fiscal or
calendar year, or for the last twelve months, or cumulatively
for the last three years; and

3. The company is not a closed-end investment company, a real
estate investment trust or a non-bank securities broker/dealer.

In selecting securities for the Indices and for inclusion in the portfolios
of the Funds, Wright utilizes its Worldscope(R) international database. The
database provides more than 1,500 items of information on more than 13,000
companies worldwide. Except with respect to the United States, Wright utilizes
the services of major financial institutions that are located in the nations in
which the respective Funds are permitted to invest and are qualified to supply
Wright with research products and services. These services include reports on
particular industries and companies, economic surveys and analyses of the
investment environment and trends in a particular nation, recommendations as to
whether specific securities should be included in an Index and other appropriate
assistance in the performance of Wright's decision-making responsibilities.

The Indices are adjusted quarterly and as otherwise necessary to reflect
significant events.

<PAGE>

Changes in the composition of an Index will be made by determining whether
existing companies included in the Index continue to meet the criteria of the
Index and whether other companies meet these criteria and should replace or
be added to the companies already comprising that Index. The Indices give equal
weight to each security included therein, and are intended to include
substantially all the publicly traded companies which meet the
requirements of the prudent investor in the respective nations. Use of the equal
weighting method of constructing an Index will often result in a greater
representation of smaller capitalization companies than would occur if the Index
were weighted on the basis of relative market capitalization in the nation or
nations in which their securities are primarily traded. Such smaller
capitalization companies may have shorter operating histories, less
diversification of assets and smaller dividend payments than larger
capitalization companies. On the other hand, such smaller capitalization
companies may be younger or less mature companies still experiencing significant
growth. A detailed explanation of the objective criteria used in the process of
selecting companies for inclusion in an Index is included in the Statement of
Additional Information.

The securities included in an Index will be (i) admitted to official
listing on a stock exchange in any Member State of the European Economic
Community, (ii) admitted to official listing on a recognized stock exchange in
any other country in Western Europe, Asia, Oceania, the American continents,
including Bermuda, and Africa, (iii) traded on another regulated market in any
such Member State of the European Economic Community or such other country
referred to above, provided such market operates regularly and is recognized and
open to the public, or (iv) recently issued, provided the terms of the issue
provide that application be made for admission to official listing on any of the
stock exchanges or other regulated markets referred to above, and provided such
listing is secured within a year following the date of issuance.

The performance of each National Equity Index is included in various
publications of Wright Investors' Service, including the monthly International
Investment Advice and Analysis.

Policies that Apply to All Funds
Except the United States, International and Global Funds

Each Fund seeks to achieve its investment objective of enhanced total
investment return (price appreciation plus income) by investing in a broadly
based portfolio of equity securities selected by the Investment Adviser from the
publicly traded companies in the corresponding Index. Subject to the
availability of assets for investment, the Investment Adviser will select equity
securities for a Fund's portfolio from companies in the relevant Index, or
determine to sell securities in the Fund's portfolio, on the basis of
characteristics which have been identified by the Investment Adviser as being
likely to provide comparatively superior investment return over the intermediate
term. Each Fund may acquire for its portfolio only those securities which are
included in the relevant Index at the time of purchase. Although there can be no
guarantee that each Fund's investment objective will be achieved, each Fund is
expected to have a broadly based investment portfolio composed of the equity
securities of companies in the designated nation or nations.

<PAGE>

Policies that Apply to the
United States, International and Global Funds

United States Fund seeks to achieve its investment objective of enhanced
total investment return (price appreciation plus income) by investing in a
broadly based portfolio of equity securities selected by the Investment Adviser
from the publicly traded companies in the United States National Equity Index.
International and Global Funds seek to achieve their investment objectives of
enhanced total investment return (price appreciation plus income) by investing
in broadly based portfolios of equity securities selected by the Investment
Adviser from the publicly traded companies in all the Indices except the United
States National Equity Index and all the Indices including the United States
National Equity Index, respectively. Subject to the availability of assets for
investment, the Investment Adviser will select equity securities for a Fund's
portfolio from companies included in the appropriate Index or Indices, as the
case may be, or determine to sell securities in the Fund's portfolio, in an
attempt to equal the performance of the appropriate Index or Indices. Although
there can be no guarantee that a Fund's investment objective will be achieved,
each Fund is expected to have a broadly based investment portfolio composed of
the equity securities of companies in the designated nation or nations.

Other Investment Policies

The Trust, on behalf of each Fund, has adopted certain fundamental
investment restrictions which are enumerated in detail in the Statement of
Additional Information and which may be changed as to each Fund only by the vote
of a majority of the affected Fund's outstanding voting securities. Among these
restrictions, a Fund may not borrow money except from a bank, and then only up
to 1/3 of the current market value of its total assets (excluding the amount
borrowed) or purchase any securities which would cause more than 25% of the
market value of its total assets at the time of such purchase to be invested in
the securities of issuers having their principal business activities in the same
industry, provided that there is no limitation with respect to investments in
obligations issued or guaranteed by the U.S. Government or its agencies or
instrumentalities. Further, with respect to 75% of its assets, no more than 5%
of a Fund's total assets may be invested in the securities of a single issuer
and no Fund will purchase more than 10% of the outstanding voting securities of
a single issuer. None of the Funds has any current intention of borrowing for
leverage or speculative purposes. As a matter of nonfundamental policy, no Fund
will purchase or enter into an agreement to purchase securities while borrowings
exceed 5% of its total assets.

None of the Funds is intended to be a complete investment program by itself
and the prospective investor should take into account his or her objectives and
other investments when considering the purchase of any Fund's shares. The Funds
cannot eliminate risk or assure achievement of their objectives.
<PAGE>

Special Investment Considerations -- Risks

Repurchase Agreements. Each Fund may enter into repurchase agreements in order
to earn income on temporarily uninvested cash. A repurchase agreement is an
agreement under which the seller of securities agrees to repurchase and a Fund
agrees to resell the securities at a specified time and price. Each Fund may
enter into repurchase agreements only with large, well-capitalized domestic or
foreign banks or government securities dealers that meet Wright credit
standards. In addition, such repurchase agreements will provide that the value
of the collateral underlying the repurchase agreement will always be at least
equal to the repurchase price, including any accrued interest earned under the
repurchase agreement. In the event of a default or bankruptcy by a seller under
a repurchase agreement, the affected Fund will seek to liquidate such
collateral. However, the exercise of the right to liquidate such collateral
could involve certain costs, delays and restrictions and is not ultimately
assured. To the extent that proceeds from any sale upon a default of the
obligation to repurchase are less than the repurchase price, a Fund could suffer
a loss. There is no percentage limit on the amount of any Fund's investments in
repurchase agreements, except for the requirement that, under normal market
conditions, at least 80% of each Fund's net assets will be invested in equity
securities.

Temporary Defensive Investments. During periods of unusual market or economic
conditions, when Wright believes that investing for temporary defensive purposes
is appropriate, all or any portion of each Fund's assets may be held in cash
(including the foreign currency of the nation or nations in which such Fund
invests) or invested in short-term obligations, including but not limited to
obligations issued or guaranteed by the U.S. or any foreign government or any of
their respective agencies or instrumentalities; obligations of public
international agencies; commercial paper which at the date of investment is
rated A-1 by Standard & Poor's Ratings Group ("S&P") or P-1 by Moody's Investors
Service, Inc. ("Moody's"), or, if not rated by such rating organizations, is
deemed by the Investment Adviser to be of comparable quality; short-term
corporate obligations and other debt instruments which at the date of investment
are rated AA or better by S&P or Aa or better by Moody's or, if unrated, which
are deemed by the Investment Adviser to be of comparable quality; and
certificates of deposit, bankers' acceptances and time deposits of domestic or
foreign banks which are determined to be of high quality by the Investment
Adviser. Temporary investments may be denominated either in U.S. dollars or in
the currency of the nation in which the Fund primarily invests.

Foreign Investments. Investment in securities of foreign companies and
governments may involve certain risk considerations in addition to those arising
when investing in domestic securities. These considerations include the
possibility of currency exchange rate fluctuations and revaluation of
currencies, the existence of less publicly available information about foreign
issuers, different accounting, auditing and financial reporting standards, less
stringent securities regulation, non-negotiable brokerage commissions, different
tax provisions, political or social instability, war or expropriation. Moreover,
foreign stock and bond markets generally are not as developed and efficient as
those in the United States and, therefore, the volume and liquidity in those
markets may be less, and the

<PAGE>

volatility of prices may be greater, than in U.S. markets. Settlement of
transactions in foreign markets may be delayed beyond what is customary in U.S.
markets. These considerations generally are of greater concern in developing
countries. Further information regarding the nations in which the Funds will
invest may be found in the Appendix, beginning on page 41.

Each Fund may, but does not expect to, invest in foreign securities in the
form of American Depositary Receipts ("ADRs"), European Depositary Receipts
("EDRs"), International Depositary Receipts ("IDRs") or other similar securities
convertible into securities of foreign issuers. ADRs are receipts typically
issued by a United States bank or trust company evidencing ownership of the
underlying foreign securities. EDRs and IDRs are receipts typically issued by a
European bank or trust company evidencing ownership of the underlying foreign
securities.

Foreign Currency Transactions. Each Fund, other than the United States Fund, may
buy and sell foreign currencies. The value in U.S. dollars of investments quoted
or denominated in foreign currencies will be affected by changes in currency
exchange rates. As one way of managing currency exchange rate risk, a Fund may
enter into forward foreign currency exchange contracts, which are agreements to
purchase or sell foreign currencies at a specified price and date. A Fund will
usually enter into these contracts to fix the value of a security it has agreed
to buy or sell. A Fund may also use these contracts to hedge the value of a
security it already owns, particularly if it expects a decline in the value of
the currency in which the foreign security is quoted or denominated. The
underlying currency value of each Fund's forward contracts will be limited to
the value of securities to be bought and sold in that currency plus the value of
the Fund's portfolio securities quoted or denominated in such currency. There is
no other percentage limitation on any Fund's holdings of foreign currencies or
forward contracts, except for the requirement that, under normal market
conditions, at least 80% of the Fund's net assets will be invested in equity
securities. Contracts to sell foreign currency could limit any potential gain
which might be realized by a Fund if the value of the hedged currency increases.
Although a Fund will attempt to benefit from using forward contracts, the
success of its hedging strategy will depend on Wright's ability to predict
accurately the future exchange rate between foreign currencies. The ability to
predict the direction of currency exchange rates involves skills different from
those used in selecting securities.

Lending Portfolio Securities. Each Fund may seek to increase its total return by
lending portfolio securities to broker-dealers or other institutional borrowers.
Such loans are required to be continuously secured by collateral in cash,
cash-equivalents and U.S. Government securities. During the existence of a loan,
a Fund will continue to receive the equivalent of the interest or dividends paid
by the issuer on the securities loaned and will also receive a fee, or all or a
portion of the interest, if any, on investment of the collateral. However, the
Fund may at the same time pay a transaction fee to such borrowers. A Fund may
invest the proceeds it receives from a securities loan in the types of
securities in which it may invest. As with other extensions of credit there are
risks of delay in recovery or even loss of rights in the securities loaned if
the borrower of the securities fails financially. However, the loans will be
made only to organizations deemed by the Investment Adviser to be of good
standing and when, in the judgment of the Investment Adviser, the consideration
which can be

<PAGE>

earned from securities loans of this type justifies the attendant risk. The
financial condition of the borrower will be monitored by the Investment
Adviser on an ongoing basis and collateral values will be continuously
maintained at no less than 100% by "marking to market" daily. If the Investment
Adviser decides to make securities loans, it is intended that the value of the
securities loaned would not exceed 30% of the Fund's total assets.

The Investment Adviser

Each Fund has engaged The Winthrop Corporation ("Winthrop") to act as its
investment adviser pursuant to Investment Advisory Contracts. Pursuant to a
service agreement effective on February 1, 1996 between Winthrop and its
wholly-owned subsidiary, Wright Investors' Service, Inc. ("Wright"), Wright,
acting under the general supervision of the Trust's Trustees furnishes each Fund
with investment advice and management services. Winthrop supervises Wright's
performance of this function and retains its contractual obligations under its
Investment Advisory Contract with each fund. The address of both Winthrop and
Wright is 1000 Lafayette Boulevard, Bridgeport, Connecticut. The Trustees of the
Trust are responsible for the general oversight of the conduct of the Funds'
business.

Wright is a leading independent international investment management and
advisory firm which, together with its parent, Winthrop, has more than 30 years'
experience. Its staff of over 150 people includes a highly respected team of 65
economists, investment experts and research analysts. In addition to the Funds,
Wright manages assets for bank trust departments, corporations, unions,
municipalities, eleemosynary institutions, professional associations,
institutional investors, fiduciary organizations, family trusts and individuals.
Wright is also the investment adviser to The Wright Managed Equity Trust, The
Wright Managed Income Trust, and The Wright Managed Blue Chip Series Trust (the
"Wright Funds"). Wright operates one of the world's largest and most complete
databases of financial information on over 13,000 domestic and international
corporations. At the end of 1995, Wright managed approximately $4 billion of
assets.

An Investment Committee of six senior officers, all of whom are experienced
analysts, exercises disciplined direction and control over all investment
selections, policies and procedures for each Fund. The Committee, following
highly disciplined buy-and-sell rules, makes all decisions for the selection,
purchase and sale of all securities. The members of the Committee are as
follows:

John Winthrop Wright, Chairman of the Investment Committee, Chairman and
Chief Executive Officer of Wright and Winthrop. AB Amherst College. Before
founding Winthrop in 1960, Mr. Wright was treasurer, St. John's College;
Commander, USNR; Executive Vice President, Standard Air Services; President,
Wright Power Saw & Tool Corp.; Senior Partner, Andris Trubee & Co. (financial
consultants); and Chairman, Rototiller, Inc. Mr. Wright has frequently been
interviewed

<PAGE>

on radio and television in the United States and Europe and his published
investment and financial writings are widely quoted. His testimony has often
been requested by various House and Senate Committees of the Congress on
matters concerning monetary policy and taxes. He participated in the 1974 White
House Financial Summit on Inflation and the 1980 Congressional Economic
Conference. He is a director of the Center for Financial Studies and a member of
the Board of Visitors of the School of Business at Fairfield University, a
fellow of the University of Bridgeport Business School and a Trustee of the
Institutes for the Development of Human Potential in Philadelphia. He is also a
member of the New York Society of Security Analysts.

Judith R. Corchard, Vice Chairman of the Investment Committee, Executive
Vice President-Investment Management of Wright and Winthrop. Ms. Corchard
attended the University of Connecticut and joined Winthrop in 1960. She is a
member of the New York Society of Security Analysts and the Hartford Society of
Financial Analysts.

Peter M. Donovan, CFA, President of Wright and Winthrop. Mr. Donovan
received a BA Economics, Goddard College and joined Wright from Jones, Kreeger
& Co., Washington, DC in 1966. Mr. Donovan is the president of The Wright
Managed Income Trust, The Wright Managed Equity Trust, The Wright Managed
Blue Chip Series Trust and The Wright EquiFund Equity Trust. He is also
director of EquiFund-Wright National Equity Fund, a Luxembourg SICAV. He is a
member of the New York Society of Security Analysts and the Hartford Society of
Financial Analysts.

Jatin J. Mehta, CFA, Executive Counselor and Director of Education of
Wright and Winthrop. Mr. Mehta received a BS Civil Engineering, University of
Bombay, India and an MBA from the University of Bridgeport. Before joining
Wright in 1969, Mr. Mehta was an executive of the Industrial Credit Investment
Corporation of India, a World Bank agency in India for financial assistance to
private industry. He is a Trustee of The Wright Managed Blue Chip Series Trust.
He is a member of the New York Society of Security Analysts and the Hartford
Society of Financial Analysts.

Harivadan K. Kapadia, CFA, Senior Vice President -- Investment Analysis and
Information of Wright and Winthrop. Mr. Kapadia received a BA (hon.) Economics
and Statistics and MA Economics, University of Baroda, India and an MBA from the
University of Bridgeport. Before joining Wright in 1969, Mr. Kapadia was
Assistant Lecturer at the College of Engineering and Technology in Surat, India
and Lecturer, B.J. at the College of Commerce & Economics, VVNagar, India. He
has published the textbooks: "Elements of Statistics," "Statistics,"
"Descriptive Economics," and "Elements of Economics." He was appointed Adjunct
Professor at the Graduate School of Business, Fairfield University in 1981. He
is also a member of the New York Society of Security Analysts and the Hartford
Society of Financial Analysts.

Michael F. Flament, CFA, Senior Vice President -- Investment and Economic
Analysis of Wright and Winthrop. Mr. Flament received a BS Mathematics,
Fairfield University; MA Mathematics, University of Massachusetts and an MBA
Finance, University of Bridgeport. He is a member of the New York Society of
Security Analysts and the Hartford Society of Financial Analysts.
<PAGE>

Under the Fund's Investment Advisory Contracts, each Fund is required to
pay Winthrop a monthly advisory fee calculated at the annual rates (as a
percentage of average daily net assets) set forth in the following table.
Effective February 1, 1996, Winthrop will cause the Funds to pay to Wright the
entire amount of the advisory fee payable by each Fund under its Investment
Advisory Contract with Winthrop. However, for the 1996 fiscal year, Wright has
agreed to reduce its advisory fee and reallocate certain expenses, if such
action is necessary to keep each Fund's expense ratio at or below 2.00%.

ANNUAL % ADVISORY FEE RATES

Under $500 Million $500 Million to $1 Billion Over $1 Billion
----------------------------------------------------------------------
0.75% 0.73% 0.68%

In addition to compensating Wright for its advisory services to the Funds,
the advisory fee schedule is intended to partially compensate Wright for the
maintenance of the National Equity Indices which form the basis for the
selection of securities for the Funds. Wright incurs significant expenses in
maintaining the Indices, including: the cost of employing persons to research
companies that are candidates for inclusion in or removal from an Index and to
enter data into Wright's computerized international database; compensation to
institutions in each country for research provided to Wright; expenses
associated with travel to the countries for which Wright maintains Indices; and
the costs of subscribing to numerous publications and making extensive use of
long-distance telecommunications facilities.

The need to compensate Wright for incurring these expenses in maintaining
the Indices distinguishes the Funds from traditional index funds with portfolios
that track independent published indices available at little or no cost to the
funds' managers.

Shareholders of the Funds who are also advisory clients of Wright may have
agreed to pay Wright a fee for such advisory services. Wright does not intend to
exclude from the calculation of the investment advisory fees payable to Wright
by such advisory clients the portion of the advisory fee payable by the Funds.
Accordingly, a client may pay an advisory fee to Wright in accordance with
Wright's customary investment advisory fee schedule charged to investment
advisory clients and at the same time, as a shareholder in a Fund, bear its
share of the advisory fee paid by the Fund to Wright as described above.

The following table sets forth the net assets of each Fund that was
offering its shares as at December 31, 1995 and the advisory fee rate paid from
each such Fund during the fiscal year ended December 31, 1995. At December 31,
1995, the Australasia, Austria, Canada, France, Ireland, United States, Global,
and International Funds had not commenced operations.
<PAGE>
<TABLE>

Aggregate Net Assets Fee Rate for the Fiscal Year
at 12/31/95 Ended 12/31/95
------------------ ----------------------
<S> <C> <C>

Belgium/Luxembourg $14,752,875 0.75%
Britain(1) 13,932,026 0.75%
Germany(2) 16,418,960 0.75%
Hong Kong 25,399,331 0.75%
Japan 21,630,983 0.75%
Mexico 32,493,042 0.75%
Netherlands(3) 7,217,537 0.75%
Nordic(4) 3,504,305 0.75%
Switzerland 7,628,255 0.75%
</TABLE>
(1) Start of business, April 20, 1995.
(2) Start of business, April 19, 1995.
(3) To enhance the net income of the Netherlands Fund, Wright made a reduction
of its advisory fee in the amount of $2,868.
(4) To enhance the net income of the Nordic Fund, Wright made a reduction
of its advisory fee in the amount of $17,776 and was allocated $13,004
of expenses related to the operation of the Fund.

Pursuant to the Investment Advisory Contracts, Wright also furnishes for
the use of each Fund office space and all necessary office facilities, equipment
and personnel for servicing the investments of each Fund. Other than those
expenses expressly stated to be payable by Wright under its Investment Advisory
Contract, each Fund is responsible for all expenses relating to its operations
including, but not limited to, Wright's advisory fee; Eaton Vance's
administration fee; fees pursuant to the Trust's Rule 12b-1 distribution plan;
taxes, if any; custodian, legal and auditing fees; fees and expenses of Trustees
who are not members of, affiliated with or interested persons of Wright or Eaton
Vance; insurance premiums; trade association dues; expenses of obtaining
quotations for calculating the value of each Fund's net assets; printing and
other expenses which are not expressly designated as expenses of Wright or Eaton
Vance.

Wright places the portfolio security transactions for each Fund, which in
some cases may be effected in block transactions which include other accounts
managed by Wright. Wright provides similar services directly for bank trust
departments. Wright seeks to execute the Funds' portfolio security transactions
on the most favorable terms and in the most effective manner possible. Subject
to the foregoing, Wright may consider sales of shares of the Wright Funds as a
factor in the selection of broker-dealer firms to execute such transactions.
Portfolio changes may be made by Wright without regard to the length of time a
security has been held. However, it is not the intention of the Funds to engage
in trading for short-term profits. The frequency of each Fund's portfolio
transactions or turnover rate may vary from year to year depending on market
conditions. A high rate of portfolio turnover (100% or more) involves a
correspondingly greater amount of brokerage commissions and other costs which
must be borne directly by a Fund and thus indirectly by its shareholders. It may
also result in the realization of larger amounts of net short-term capital
gains, distributions from

<PAGE>

which are taxable to shareholders as ordinary income and may, under certain
circumstances, make it more difficult for a Fund to qualify as a regulated
investment company under the Internal Revenue Code.

The investment advisory fees payable by the Funds may be higher than the
advisory fees payable by many mutual funds; however, the Investment Adviser
believes that such fees are consistent with the average fees payable by mutual
funds which invest in foreign equity securities.

The Administrator

Each Fund engages Eaton Vance as its administrator under an Administration
Agreement. Under the Administration Agreement, Eaton Vance is responsible for
managing the business affairs of each Fund, subject to the supervision of the
Trust's Trustees. Eaton Vance's services include recordkeeping, preparation and
filing of documents required to comply with federal and state securities laws,
supervising the activities of the Funds' custodian and transfer agent, providing
assistance in connection with the Trustees' and shareholders meetings and other
administrative services necessary to conduct each Fund's business. Eaton Vance
will not provide any investment management or advisory services to the Funds.
For its services under the Administration Agreement, each Fund is required to
pay Eaton Vance a monthly administration fee calculated at the annual rates (as
a percentage of average daily net assets) set forth in the following table.

ANNUAL % ADMINISTRATION FEE RATES

Under $100 Million $250 Million Over
$100 Million to $250 Million to $500 Million $500 Million
- -------------------------------------------------------------------------------

0.10% 0.06% 0.03% 0.02%

For the fiscal year ended December 31, 1995, each of the Funds
(Belgium/Luxembourg, Britain, Germany, Hong Kong, Japan, Mexico, Netherlands,
Nordic and Switzerland) paid an administration fee equivalent to 0.10%
(annualized) of average daily net assets.

Eaton Vance, its affiliates and its predecessor companies have been
managing assets of individuals and institutions since 1924 and managing
investment companies since 1931. In addition to acting as the administrator of
the Funds, Eaton Vance or its affiliates act as investment adviser to investment
companies and various individual and institutional clients with assets under
management of approximately $16 billion. Eaton Vance is a wholly-owned
subsidiary of Eaton Vance Corp., a publicly held holding company. Eaton Vance
Corp., through its subsidiaries and affiliates, engages in investment management
and marketing activities, oil and gas operations, real estate investment,
consulting and management and the development of precious metals properties.
<PAGE>

Distribution Expenses

In addition to the fees and expenses payable by each Fund in accordance
with its Investment Advisory Contract and Administration Agreement, each Fund
pays for certain expenses pursuant to a Distribution Plan (the "Plan") designed
to meet the requirements of Rule 12b-1 under the 1940 Act and Article III,
Section 26 of the Rules of Fair Practice of the National Association of
Securities Dealers, Inc. (the "NASD").

The Trust has entered into a distribution contract with Wright Investors'
Service Distributors, Inc. ("WISDI" or the "Principal Underwriter"), a
wholly-owned subsidiary of Winthrop. Under this contract and the Plan, it is
currently intended that each Fund will pay to WISDI for distribution services
and personal and account maintenance services in connection with the Fund's
shares, an annual fee equal to .25% of each Fund's average daily net assets.
Appropriate adjustments to payments made pursuant to the Plan shall be made
whenever necessary to assure that no payment is made by a Fund which exceeds the
applicable maximum cap imposed on asset-based, front-end and deferred sales
charges by Section 26(d) of Article III of the Rules of Fair Practice of the
NASD.

Pursuant to the Plan, the Trust, on behalf of each Fund, is authorized to
compensate WISDI for (1) distribution services and (2) personal and account
maintenance services performed and expenses incurred by WISDI in connection with
the Fund's shares. The amount of such compensation, including compensation for
personal and account maintenance services, paid during any one year shall not
exceed .25% of the average daily net assets of the Fund. Such compensation shall
be calculated and accrued daily and paid quarterly.

Distribution services and expenses for which WISDI may be compensated
pursuant to this Plan include, without limitation: compensation to and expenses
incurred by Authorized Dealers and the officers, employees and sales
representatives of Authorized Dealers and of WISDI; allocable overhead, travel
and telephone expenses; the printing of prospectuses and reports for other than
existing shareholders; the preparation and distribution of sales literature and
advertising; and all other expenses (other than personal and account maintenance
services as defined below) incurred in connection with activities primarily
intended to result in the sale of the Funds' shares.

Personal and account maintenance services include, but are not limited to,
payments made to or on account of WISDI, Authorized Dealers and their respective
officers, employees and sales representatives who respond to inquiries of, and
furnish assistance to, shareholders concerning their ownership of Fund shares
and their accounts or who provide similar services not otherwise provided by or
on behalf of the Fund.

The Plan is a compensation plan which provides for the payment of a
specified distribution fee without regard to the distribution expenses actually
incurred by WISDI. Accordingly, an amount equal to 1/365 of the annual
distribution fee will be accrued on each day as an expense of each Fund, which
will reduce its net investment income. If the Plan were terminated or not
continued by the Trustees and no successor plan were adopted, the Funds would
cease to make distribution payments to WISDI. WISDI would be unable to recover
the amount of any unreimbursed distribution expendi-

<PAGE>

tures made by WISDI. However, WISDI does not intend to make distribution
expenditures at a rate that materially exceeds the rate of compensation
received under the Plan. Each Fund made distribution expense payments (as an
annualized percentage of average daily net assets as follows: Belgium/Luxembourg
(0.25%); Britain (0.25%); Germany (0.25%); Hong Kong (0.25%); Japan (0.25%);
Mexico (0.25%); Netherlands (0.10%); Nordic (0.10%); and Switzerland (0.12%).
WISDI reduced its distribution fees to the Netherlands, Nordic and Switzerland
Funds by $9,853, $5,925 and $9,347, respectively.

How the Funds Value their Shares

The Trust values the shares of each Fund once on each day the New York
Stock Exchange ("NYSE") is open as of the close of regular trading on the NYSE
(normally 4:00 p.m. New York time). The net asset value is determined in the
manner authorized by the Trustees of the Trust by the Funds' custodian (as agent
for the Funds) with the assistance of Wright for securities that involve
valuation problems. Such determination is accomplished by dividing the number of
outstanding shares of each Fund into its net worth (the excess of its assets
over its liabilities).

Portfolio securities traded on more than one United States national
securities exchange or foreign securities exchange are valued by the Funds'
custodian at the last sale price on the business day as of which such value is
being determined at the close of the exchange representing the principal market
for such securities, unless those prices are deemed by Wright to be not
representative of market values. Securities which cannot be valued at such
prices, will be valued by Wright at fair value in accordance with procedures
adopted by the Trustees. Foreign currencies, options on foreign currencies and
forward foreign currency contracts will be valued at their last sales price as
determined by published quotations or as supplied by banks that deal in such
instruments. The value of all assets and liabilities expressed in foreign
currencies will be converted into U.S. dollar value at the mean between the
buying and selling rates of such currencies against U.S. dollars last quoted by
any major bank. If such quotations are not available, the rate of exchange will
be determined in good faith by or under procedures established by the Trustees.
Securities traded over-the-counter, unlisted securities and listed securities
for which closing sale prices are not available are valued at the mean between
latest bid and asked prices or, if such bid and asked prices are not available,
at prices supplied by a pricing agent selected by Wright, unless such prices are
deemed by Wright not to be representative of market values at the close of
business of the NYSE. Securities for which market quotations are unavailable,
restricted securities, securities for which prices are deemed by Wright not to
be representative of market values and other assets will be appraised at their
fair value as determined in good faith according to guidelines established by
the Trustees of the Trust. Short-term obligations with remaining maturities of
sixty days or less are valued at amortized cost, which the Trustees have
determined approximates market value. Options traded on exchanges and
over-the-counter will be valued at the last current sales price on the market
where such option is principally traded. Over-the-counter and listed options for
which a last sale price is not available will be valued on the basis of
quotations supplied by dealers who regularly trade such options or if such
quotations are not available or deemed by Wright not to be representative of
market values, at fair value.
<PAGE>

Trading in securities on European and Far Eastern securities exchanges and
over-the-counter markets is normally completed well before the close of business
on each business day in New York (i.e., a day on which the NYSE is open for
trading). In addition, European or Far Eastern securities trading generally or
in a particular country or countries may not take place on all business days in
New York. Furthermore, trading takes place in Japanese markets on certain
Saturdays and in various foreign markets on days which are not business days in
New York and on which the Funds' net asset values are not calculated. Such
calculation does not take place contemporaneously with the determination of the
prices of the majority of the portfolio securities used in such calculation.
Events affecting the values of portfolio securities that occur between the time
their prices are determined and the close of the NYSE will not be reflected in a
Fund's calculation of net asset value unless Wright deems that the particular
event would materially affect net asset value, in which case an adjustment will
be made.

How to Buy Shares

Shares of each Fund are sold without a sales charge at the net asset value
next determined after the receipt of a purchase order as described below. The
minimum initial investment in each Fund is $1,000, although this will be waived
for investments in 401(k) tax-sheltered retirement plans. There is no minimum
amount required for subsequent purchases. The $1,000 minimum initial investment
is also waived for Bank Draft Investing accounts which may be established with
an investment of $50 or more with a minimum of $50 applicable to each subsequent
investment. Each Fund reserves the right to reject any order for the purchase of
its shares or to limit or suspend, without prior notice, the offering of its
shares.

Shares of each Fund may be purchased or redeemed through an investment
dealer, bank or other institution. Charges may be imposed by the institution for
its services. Any such charges could constitute a material portion of a smaller
account. Shares may be purchased or redeemed directly from or with each Fund
without imposition of any charges other than those described in this Prospectus.

Purchases By Wire: Investors may purchase shares by transmitting
immediately available funds (Federal Funds) by wire to:

Boston Safe Deposit and Trust Company
One Boston Place
Boston, MA

ABA: 011001234
Account 081345
Further Credit: (Name of Fund)
(Include your Fund account number)

<PAGE>

Initial purchase -- Upon making an initial investment by wire, an investor
must first telephone the Order Department of the Funds at (800) 225-6265, ext.
3, to advise of the action and to be assigned an account number. If this
telephone call is not made, it may not be possible to process the order
promptly. In addition, an Account Instructions form, which is available through
WISDI, should be promptly forwarded to First Data Investor Services Group (the
"Transfer Agent") at the following address:

WRIGHT MANAGED INVESTMENT FUNDS
BOS 725
P.O. Box 1559
Boston, Massachusetts 02104

Subsequent Purchases -- Additional investments may be made at any time
through the wire procedure described above. The Funds' Order Department must be
immediately advised by telephone at (800) 225-6265, ext. 3 of each transmission
of funds by wire.

Purchases by Mail: Initial Purchases -- The Account Instructions form
available through WISDI should be completed by an investor, signed and mailed
with a check, Federal Reserve Draft, or other negotiable bank draft, drawn on a
U.S. bank and payable in U.S. dollars, to the order of the Fund whose shares are
being purchased and mailed to the Transfer Agent at the above address.

Subsequent Purchases -- Additional purchases may be made at any time
by an investor by check, Federal Reserve draft, or other negotiable bank draft,
drawn on a U.S. bank and payable in U.S. dollars, to the order of the relevant
Fund at the above address. The sub-account, if any, to which the subsequent
purchase is to be credited should be identified together with the sub-account
number and, unless otherwise agreed, the name of the sub-account.

Bank Draft Investing -- for regular share accumulation: Cash investments of
$50 or more may be made through the shareholder's checking account via bank
draft each month or quarter. The $1,000 minimum initial investment and small
account redemption policy are waived for Bank Draft Investing accounts.

Purchase through Exchange of Securities: Investors wishing to purchase
shares of a Fund through an exchange of portfolio securities should contact
WISDI to determine the acceptability of the securities and make the proper
arrangements. The shares of a Fund may be purchased, in whole or in part, by
delivering to the Funds' custodian securities that meet the investment objective
and policies of the relevant Fund, have readily ascertainable market prices and
quotations and which are otherwise acceptable to the Investment Adviser and the
Fund. The Trust will only accept securities

<PAGE>

in exchange for shares of the Funds for investment purposes and not as
agent for the shareholders with a view to a resale of such securities. The
Investment Adviser, WISDI and the Funds reserve the right to reject all or any
part of the securities offered in exchange for shares of a Fund. An investor who
wishes to make an exchange should furnish to WISDI a list with a full and exact
description of all of the securities which he proposes to deliver. WISDI or the
Investment Adviser will specify those securities which the Fund is prepared to
accept and will provide the investor with the necessary forms to be completed
and signed by the investor. The investor should then send the securities, in
proper form for transfer, with the necessary forms to the Funds' Custodian and
certify that there are no legal or contractual restrictions on the free transfer
and sale of the securities. Exchanged securities will be valued at their fair
market value as of the date that the securities in proper form for transfer and
the accompanying purchase order are both received by the Trust, using the
procedures for valuing portfolio securities as described under "How the Funds
Value their Shares" on page 30. However, if the NYSE or appropriate foreign
stock exchange is not open for unrestricted trading on such date, such valuation
shall be on the next day on which the NYSE or foreign stock exchange is so open.
In any event, all valuations are determined in good faith by or at the direction
of the Trust's Trustees. The net asset value used for purposes of pricing shares
sold under the exchange program will be the net asset value next determined
following the receipt of both the securities offered in exchange and the
accompanying purchase order. Securities to be exchanged must have a minimum
aggregate value of $5,000. An exchange of securities is a taxable transaction
which may result in realization of a gain or loss for federal and state income
tax purposes.

How Shareholder Accounts Are Maintained

Upon the initial purchase of a Fund's shares, an account will be opened for
the account or sub-account of an investor. Subsequent investments may be made at
any time by mail to the Transfer Agent or by wire, as noted above. There is
currently a $500 minimum account balance which is required to be maintained by
Fund shareholders. The Trust has the right, upon 60 days' notice to
shareholders, to involuntarily redeem shares, at the net asset value in accounts
which do not meet this minimum account requirement. However, no such redemption
would be required by a Fund if the cause of the low account balance was a
reduction in the net asset value of Fund shares. Confirmation statements
indicating total shares of each Fund owned in the account or each sub-account
will be mailed to investors quarterly and at the time of each purchase (other
than reinvestment of dividends or distributions) or redemption. The issuance of
shares will be recorded on the books of the relevant Fund. The Trust does not
issue share certificates.

Distributions and Dividends by the Funds

The Trust intends to pay dividends from the net investment income of each
Fund as shown on the Fund's books at least annually. Any realized net capital
gains from the sale of securities in a Fund's portfolio or from transactions in
forward contracts or options (reduced by any available capi-

<PAGE>

tal loss carryforwards from prior years) will be also paid at least
annually. Shareholders may reinvest dividends, and accumulate capital gains
distributions, if any, in additional shares of the same Fund at the net asset
value as of the ex-dividend date. Unless shareholders otherwise instruct, all
distributions and dividends will be automatically invested in additional shares
of the same Fund. Alternatively, shareholders may reinvest capital gains
distributions and direct that dividends be paid in cash, or that both dividends
and capital gains distributions be paid in cash.

Taxes

Under the Internal Revenue Code of 1986, as amended (the "Code"), each Fund
is treated as a separate entity for federal income tax purposes. Each Fund has
qualified and elected or intends to qualify and elect to be treated as a
regulated investment company for federal income tax purposes. In order to so
qualify, each Fund must meet certain requirements with respect to sources of
income, diversification of assets, and distributions to shareholders. Each Fund
does not pay federal income or excise taxes to the extent that it distributes to
its shareholders all of its net investment income and net realized capital gains
in accordance with the timing requirements of the Code. None of the Funds will
be subject to income, corporate excise or franchise taxation in Massachusetts in
any year in which it qualifies as a regulated investment company under the Code.

For federal income tax purposes, a shareholder's proportionate share of
distributions from each Fund's net investment income and net short-term capital
gains as well as distributions of certain foreign currency gains is taxable as
ordinary income, whether received in cash or reinvested in additional shares. It
is not expected that any portion of a Fund's distributions (with the possible
exception of certain distributions from Global Fund and/or United States Fund)
will qualify for the corporate dividends-received deduction. A shareholder's
proportionate share of distributions of each Fund's net long-term capital gains
is taxable as long-term capital gains whether received in cash or reinvested in
additional shares, regardless of how long the shareholder has held the Fund
shares. Distributions on Fund shares shortly after their purchase, although in
effect a return of a portion of the purchase price, are generally subject to
federal income tax. Distributions declared by a Fund in October, November or
December of any calendar year to shareholders of record as of a date in such
month and paid the following January will be treated for Federal income tax
purposes as having been received by the shareholder on December 31 of the year
in which they are declared.

In order to avoid federal excise tax, the Code requires that each Fund
distribute (or be deemed to have distributed) by December 31 of each calendar
year at least 98% of its ordinary income for such year, at least 98% of the
excess of its realized capital gains over its realized capital losses for the
one-year period ending on October 31 of such year or, at the election of a Fund
with a taxable year ending on December 31, for such taxable year and 100% of any
income and capital gains from the prior year (as previously computed) that was
not paid out during such year and on which the Fund paid no federal income tax.
<PAGE>

A Fund may be subject to foreign withholding or other foreign taxes with
respect to income (possibly including, in some cases, capital gains) that it
derives from investments in foreign securities and may make an election under
Section 853 of the Code that would allow shareholders to claim a credit or
deduction on their federal income tax returns for (and treat as additional
amounts distributed to them) their pro rata portion of qualified taxes paid by
such Fund to foreign countries. This election may be made only if more than 50%
of the assets of the Fund at the close of a taxable year consists of securities
in foreign corporations. Availability of foreign tax credits or deductions for
shareholders is subject to certain additional restrictions and limitations at
the Fund and shareholder levels.

Annually, shareholders of each Fund that are not exempt from information
reporting requirements will receive information on Form 1099 to assist in
reporting the prior calendar year's distributions and redemptions (including
exchanges) on federal and state income tax returns. Shareholders should consult
their own tax advisers with respect to the tax status of distributions from the
Funds or the redemption (including an exchange) of Fund shares in their own
states and localities. Under Section 3406 of the Code, individuals and other
non-exempt shareholders will be subject to backup withholding of 31% on taxable
distributions made by a Fund and on the proceeds of redemptions (including
exchanges) of shares of the Fund if they fail to provide to a Fund their correct
taxpayer identification numbers and certain required certifications or if the
Internal Revenue Service or a broker notifies a Fund that the number furnished
by the shareholder is incorrect or that the shareholder is otherwise subject to
such withholding. If such withholding is applicable, such distributions and
proceeds will be reduced by the amount of tax required to be withheld.

Special tax rules apply to IRA accounts (including penalties on certain
distributions and other transactions) and to other special classes of investors,
such as tax-exempt organizations, banks or insurance companies. Investors should
consult their tax advisers for more information.

Shareholders who are not United States persons should also consult their
tax advisers about the potential application of certain U.S. taxes, including a
U.S. withholding tax at the rate of 30% (or lower treaty rate) on distributions
representing ordinary income to them (including foreign taxes deemed to be paid
by them), and of foreign taxes to their investment in the Funds.

How to Exchange Shares

Shares of any Fund may be exchanged for shares of the other funds in The
Wright Managed Equity Trust, The Wright Managed Income Trust or The Wright
EquiFund Equity Trust at net asset value at the time of the exchange.

This exchange offer is available only in states where shares of such other
fund may be legally sold. Each exchange is subject to a minimum initial
investment of $1,000 in each fund.
<PAGE>

Shareholders purchasing shares from an Authorized Dealer may effect
exchanges between the above funds through their Authorized Dealer who will
transmit information regarding the requested exchanges to the Transfer Agent.

First Data Investor Services Group makes exchanges at the next determined
net asset value after receiving a request in writing mailed to the address
provided under "How to Buy Shares." Telephone exchanges are also accepted if the
exchange involves shares valued at less than $50,000 and on deposit with First
Data Investor Services Group. All shareholders are automatically eligible for
the telephone exchange privilege. To effect such exchanges, call First Data
Investor Services Group at (800) 262-1122 or, within Massachusetts, (617)
573-9403, Monday through Friday, 9:00 a.m. to 4:00 p.m. (Eastern time). All such
telephone exchanges must be registered in the same name(s) and with the same
address and social security or other taxpayer identification number as are
registered with the Fund from which the exchange is being made. See "How to
Redeem or Sell Shares -- By Telephone" for a description of the procedures the
Funds employ to ensure that instructions communicated by telephone are genuine.
None of the Trust, the Funds, the Principal Underwriter or First Data Investor
Services Group will be responsible for the authenticity of exchange instructions
received by telephone, provided that reasonable procedures have been followed to
confirm that instructions communicated are genuine, and if such procedures are
not followed, the Trust, the Funds, the Principal Underwriter or First Data
Investor Services Group may be liable for any losses due to unauthorized or
fraudulent telephone instructions. Telephone instructions will be tape recorded.
In times of drastic economic or market changes, a telephone exchange may be
difficult to implement. Generally, shareholders will be limited to four
Telephone Exchange round-trips per year and a Fund may refuse requests for
Telephone Exchanges in excess of four round-trips (a round-trip being the
exchange out of the Fund into another Wright Fund, and then back to the Fund).
The Trust believes that use of the Exchange Privilege by investors utilizing
market-timing strategies adversely affects the Funds. Therefore, the Trust
generally will not honor requests for exchanges, including Telephone Exchanges,
by shareholders identified by the Trust as "market-timers." When calling to make
a telephone exchange, shareholders should have available their account number
and social security or other taxpayer identification numbers.

Additional documentation may be required for exchange requests if shares
are registered in the name of a corporation, partnership or fiduciary. Any
exchange request may be rejected by a Fund or the Principal Underwriter at its
discretion. The exchange privilege may be changed or discontinued without
penalty at any time. Shareholders will be given 60 days' prior notice of any
termination or material amendment of the exchange privilege. Contact the
Transfer Agent, First Data Investor Services Group, for additional information
concerning the Exchange Privilege.

A shareholder should read the prospectus of the other fund and consider the
differences in objectives and policies before making any exchange. Shareholders
should be aware that for federal and state income tax purposes, an exchange is a
taxable transaction which may result in recognition of a gain or loss.

<PAGE>

How to Redeem or Sell Shares

Shares of a Fund will be redeemed at the net asset value next determined
after receipt of a redemption request in good order as described below. Proceeds
will be mailed within seven days of such receipt. However, at various times a
Fund may be requested to redeem shares for which it has not yet received good
payment. If the shares to be redeemed represent an investment made by check,
each Fund will delay payment of the redemption proceeds until the check has been
collected which, depending upon the location of the issuing bank, could take up
to 15 days. For federal and state income tax purposes, a redemption of shares is
a taxable transaction which may result in recognition of a gain or loss.

Through Authorized Dealers: Shareholders using Authorized Dealers may
redeem shares through such Dealers.

By Telephone: All shareholders are automatically eligible for the telephone
redemption privilege, unless the account application indicates otherwise.
Shareholders may effect a redemption by calling the Funds' Order Department at
(800) 225-6265, (8:30 a.m. to 4:00 p.m. Eastern time). In times when the volume
of telephone redemptions is heavy, additional phone lines will automatically be
added by the Funds. However, in times of drastic economic or market changes, a
telephone redemption may be difficult to implement. When calling to make a
telephone redemption, shareholders should have available their account number. A
telephone redemption will be made at that day's net asset value, provided that
the telephone redemption request is received prior to 4:00 p.m. on that day.
Telephone redemption requests received after 4:00 p.m. will be effected at the
net asset value determined for the next trading day. Payment will be made by
check to the address of record or, if an appropriate election was made on the
application form, by wire transfer to the bank account or address designated.
Payment is normally made within one business day after receipt of the redemption
request in good order. Trust Departments may make redemptions and deposit the
proceeds in checking or other accounts of clients, as specified in instructions
furnished to the Funds at the time of initially purchasing Fund shares. None of
the Trust, the Funds, the Principal Underwriter or First Data Investor Services
Group will be responsible for the authenticity of redemption instructions
received by telephone, provided that reasonable procedures have been followed to
confirm that instructions communicated are genuine, and if such procedures are
not followed, the Trust, the Funds, the Principal Underwriter or First Data
Investor Services Group may be liable for any losses due to unauthorized or
fraudulent telephone instructions.

Also, shareholders may effect a redemption by calling the Funds' Transfer
Agent, First Data Investor Services Group, at (800) 262-1122 (8:30 a.m. to 4:00
p.m. Eastern time) if the redemption involves shares valued at less than $50,000
and on deposit with First Data Investor Services Group. Payment will be made by
check to the address of record. Telephone instructions will be tape recorded.
<PAGE>

By Mail: A shareholder may also redeem all or any number of shares at any
time by mail by delivering the request with a stock power to the Transfer Agent,
First Data Investor Services Group, Wright Managed Investment Funds, BOS725,
P.O. Box 1559, Boston, Massachusetts 02104. As in the case of telephone
requests, payments will normally be made within one business day after receipt
of the redemption request in good order. Good order means that written
redemption requests or stock powers must be endorsed by the record owner(s)
exactly as the shares are registered and the signature(s) must be guaranteed by
a member of either the Securities Transfer Association's STAMP program or the
NYSE's Medallion Signature Program, or certain banks, savings and loan
institutions, credit unions, securities dealers, securities exchanges, clearing
agencies and registered securities associations as required by a regulation of
the Securities and Exchange Commission and acceptable to First Data Investor
Services Group. In addition, in some cases, good order may require furnishing of
additional documents such as where shares are registered in the name of a
corporation, partnership or fiduciary.

Redemption Fee: For shares purchased after December 31, 1995, a redemption
fee of 1 1/2% of the redemption proceeds will be assessed on the redemption of
shares redeemed within 30 days of purchase. This redemption fee will be paid by
each redeeming shareholder to, and retained by, the respective Fund.

The right to redeem shares of a Fund and to receive payment therefor may be
suspended at times (a) when the securities markets are closed, other than
customary weekend and holiday closings, (b) when trading is restricted for any
reason, (c) when an emergency exists as a result of which disposal by a Fund of
securities owned by it is not reasonably practicable or it is not reasonably
practicable for a Fund fairly to determine the value of its net assets, or (d)
when the Securities and Exchange Commission by order permits a suspension of the
right of redemption or a postponement of the date of payment or redemption.

Due to the relatively high costs of maintaining small accounts, each Fund
reserves the right to redeem fully at net asset value any Fund account
(including accounts of clients of fiduciaries) which at any time, due to
redemptions or exchanges, amounts to less than $500 for that Fund; any
shareholder who makes a partial redemption which reduces his account in a Fund
to less than $500 would be subject to the Fund's right to redeem such account.
Prior to the execution of any such redemption, notice will be sent and the
shareholder will be allowed 60 days from the date of notice to make an
additional investment to meet the required minimum of $500 per Fund. However, no
such redemption would be required by a Fund if the cause of the low account
balance was a reduction in the net asset value of Fund shares.

Performance Information

From time to time a Fund may publish its yield and/or average annual total
return in advertisements and communications to shareholders. The current yield
for a Fund will be calculated by divid-

<PAGE>

ing the net investment income per share during a recent 30-day period by
the maximum offering price per share of the Fund on the last day of the period.
The results are compounded on a bond equivalent (semi-annual) basis and then
annualized. A Fund's average annual total return is determined by computing the
annual percentage change in value of $1,000 invested at the public offering
price (i.e., net asset value per share) for specified periods ending with the
most recent calendar quarter, assuming reinvestment of all dividends and
distributions at net asset value.

Investors should note that the investment results of a Fund will fluctuate
over time, and any presentation of a Fund's current yield or total return for
any prior period should not be considered as a representation of what an
investment may earn or what an investor's yield or total return may be in any
future period. The reduction of fees or assumption of expenses by Wright, WISDI
or Eaton Vance will result in a Fund's higher performance.

Other Information

The Trust is a business trust established under Massachusetts law and is an
open-end management investment company. The Trust was established pursuant to a
Declaration of Trust dated July 14, 1989, as amended and restated December 20,
1989 and further amended April 13, 1995 to change the name of the Trust from
EquiFund - Wright National Fiduciary Equity Funds to The Wright EquiFund Equity
Trust. The Trust consists of seventeen series. Each Fund's activities are
supervised by the Trustees of the Trust.

Although each Fund is offering only its own shares, since the Funds use
this combined Prospectus, it is possible that a Fund might become liable for a
misstatement or omission in this Prospectus regarding another Fund. The Trustees
have considered this factor in approving the use of a combined Prospectus.

The Trust's shares of beneficial interest have no par value and may be
issued in two or more series or "funds." The Trustees are empowered by the
Declaration of Trust and By-laws to change the name of any existing series and
to create additional series without obtaining shareholder approval. The Trust's
shares may be issued in an unlimited number by its Trustees. Each share of a
series represents an equal proportionate beneficial interest in that series and,
when issued and outstanding, the shares are fully paid and non-assessable by the
relevant series. Shareholders are entitled to one vote for each full share held.
Fractional shares may be voted in proportion to the amount of the net asset
value of a series which they represent. Voting rights are not cumulative, which
means that the holders of more than 50% of the shares voting for the election of
Trustees of the Trust can elect 100% of the Trustees and, in such event, the
holders of the remaining less than 50% of the shares voting on the matter will
not be able to elect any Trustees. As of January 31, 1996, Resources Trust Co.,
P.O. Box 3865, Englewood, CO was the record holder of 94.6%, 97.5%, 97.3%,
55.0%, 53.1%, 70.1%, 69.7% and 81.7%, respectively, of the outstanding shares of
the Belgium/Luxembourg, Britain, Germany, Hong Kong, Japan, Netherlands, Nordic,
and Switzerland Funds held on

<PAGE>

behalf of its clients; Charles Schwab & Co., Inc., 101 Montgomery Street,
San Francisco, CA was the record holder of 31.1%, and 43.6%, respectively, of
the outstanding shares of the Hong Kong and Mexico Funds held on behalf of its
clients. Shares will be voted by individual series except to the extent required
by the 1940 Act. Shares have no preemptive or conversion rights and are freely
transferable. Upon liquidation of a series, shareholders are entitled to share
pro rata in the net assets of that series available for distribution to
shareholders, and in any general assets of the Trust not allocated to a
particular series by the Trustees.

As permitted by Massachusetts law, there will normally be no meetings of
shareholders for the purpose of electing Trustees unless and until such time as
less than a majority of the Trustees holding office have been elected by
shareholders. In such an event the Trustees then in office will call a
shareholders' meeting for the election of Trustees. Except for the foregoing
circumstances and unless removed by action of the shareholders in accordance
with the Trust's By-laws, the Trustees shall continue to hold office and may
appoint successor Trustees. The Trustees shall only be liable in cases of their
willful misfeasance, bad faith, gross negligence, or reckless disregard of their
duties.

The Trust's By-laws provide that no person shall serve as a Trustee if
shareholders holding two-thirds of the outstanding shares have removed him from
that office either by a written declaration filed with the Trust's custodian or
by votes cast at a meeting called for that purpose. The Trustees shall promptly
call a meeting of the shareholders for the purpose of voting upon a question of
removal of a Trustee when requested so to do by the record holders of not less
than 10% of the Trust's outstanding shares.

Tax-Sheltered Retirement Plans

The Funds may be suitable investments for Individual Retirement Account
Plans for individuals and their non-employed spouses, Pension and Profit Sharing
Plans for self-employed individuals, corporations and non-profit organizations,
or 401(k) tax-sheltered retirement plans. The minimum initial purchase of $1,000
per Fund will be waived for investments by 401(k) plans.

For more information, contact your Authorized Dealer or write to:

Wright Investors' Service Distributors, Inc.
1000 Lafayette Boulevard
Bridgeport, Connecticut 06604

or call: (800) 888-9471
<PAGE>
APPENDIX
=============================================================================

INFORMATION CONCERNING THE NATIONS
IN WHICH THE FUNDS WILL INVEST

The Funds (other than the United States Fund) will invest in securities
quoted or denominated in the currencies of countries other than the United
States. The following summaries are designed to provide a general discussion of
economic and other conditions in each of these countries. The information in
these summaries has been derived from sources that Wright believes to be
reliable, but the data has not been independently verified.

International investments, like many things, have both benefits and risks.
The benefits are real and can be quite substantial. One of the key benefits is
diversification, as the correlation among international securities tend to be
much lower than the correlation among securities within any single country.
There are also risks to be considered. Investors in any single country should
understand the economic potential of investments in such a country as well as
the relationship of the currency of that country to the investor's own currency.
Several other items must be considered by the investor including the reliability
of information about the various companies within the country, legal
restrictions, and the economic and social characteristics that are unique to
each country. See Appendix B in the Statement of Additional Information for
additional economic and financial information about countries in which the Funds
may invest. The Wright EquiFunds limit their investment consideration to the
world's major industrialized nations and to those nations for which
WORLDSCOPE(R), the information database of Wright Investors' Service, provides
comprehensive and reliable investment information. Wright Investors' Service
believes that WORLDSCOPE(R) has counteracted the lack of quality information
which has been a major problem for the international investor.

Political and Economic Considerations

Potential international investors must be aware of political and economic
actions which might change the investment environment. For example, the members
of the European Union (EU) (successor to the European Communities EC, the Common
Market), which is the designation of three organizations (the European Economic
Community or EEC, the European Coal and Steel Community, and the European Atomic
Energy Community) with common membership and, since July of 1967, a common
executive, have agreed that a single European market will remove all barriers to
free trade and free movement of capital and people. The effect of European
unification

<PAGE>

will be to create a major economic trading unit composed of the entire
fifteen members of the EU (Austria, Belgium, Denmark, Finland, France, Germany,
Great Britain, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain,
and Sweden). The macroeconomic effects of such unification could be
substantially higher economic growth. Economies of scale and lower costs could
lead to reduced inflation while fiscal reform and budget restraint might reduce
budget deficits despite an initial higher rate of unemployment. It is not
possible to predict the precise impact of European unity or if all the program
goals incorporated in the Maastricht Treaty of 1991 will be achieved. However,
Wright believes that European economic integration offering substantial
long-term economic benefits to the member nations will ultimately come to pass.

The European Currency Unit (ECU) is the official accounting unit of the EEC
and, as such, is used by member nations for budgetary purposes in setting common
agricultural prices and in the accounts of the EU institutions since the
implementation of the European Monetary System (EMS) in March of 1979. The major
aim of the EMS is to achieve close monetary and economic cooperation among the
member countries of the EU and, in particular, to create a zone of monetary
stability. The ECU is an open-basket currency whose value is based on the
weighted value of the member currencies with weights based on each member's
share of intra-Europe trade and the relative size of its GDP. Each member nation
values its currency in terms of the ECU. Nine of the member currencies (Dutch
guilder, German mark, Austrian schilling, Belgian franc, Portuguese escudo,
Danish prone, French franc, Irish punt and Spanish peseta) form the EMS grid. If
an EMS grid member's currency deviates more than 15% (2.25% for the mark and
guilder) of the agreed central rates against the other members of the mechanism,
the member nation must take steps to correct the problem or to either devalue or
revalue its currency. Following the currency turmoil of 1992, Great Britain and
Italy withdrew from the EMS's exchange Rate mechanism effectively devaluing the
pound and the lira. They have remained outside the EMS but continue to measure
the value of their currency against the EMS grid. Spain and Italy devalued their
currency against the EMS grid in March of 1995.

The "official ECU" is used between European monetary authorities to settle
debts they incur with one another as a result of their interventions in the
currency markets. There is also a private or commercial ECU, the use of which
has increased substantially over the last few years. Its stature increased with
the issue of the first Euro-ECU bonds in 1981, and it is now one of the most
widely used currencies for international bond issuance. The ECU enjoys greater
popularity than was envisioned at its inception in 1979. It is known far beyond
Europe as a currency unit freely convertible into all major currencies. It is
widely used to price, invoice, and settle transactions involving goods and
services. Thousands of Europeans now use ECU's to buy cars, pay hotel bills or
transact other business on ECU credit cards and on ECU-denominated checking
accounts or travelers checks.

There are other examples of political and economic events, some quite
dramatic, which impact the investment environment. In the past decade, there has
been world-wide movement towards "privatization" of government owned and
operated companies. Examples include the water com

<PAGE>

panies in the Great Britain, the banks in France, etc. The economies of
Austria and Portugal are especially expected to benefit from privatization in
the coming years.

Recent dramatic developments in the former Soviet Union, the Eastern Bloc
nations, China, Central America, and South Africa can be expected to have a
major, but as yet not fully predictable, impact on the world in general and the
nations in which the Fund will invest in particular. It remains to be seen if
the fledgling democracies can successfully cope with the many economic
dislocations which have accompanied the fall of the old order. It also remains
to be seen what reactions other nations will have towards a reduced Soviet
military threat and potential for increased trade.

The dismantling of the Berlin Wall in November of 1989 led to the economic
unification of the economically weak East Germany with the economically strong
West Germany in July 1990. This was followed by the political unification on
October 3, 1990.

The European Free Trade Association (EFTA) consisting of Austria, Iceland,
Norway, Portugal, Sweden, and Switzerland with associated member Finland, was
created in January of 1960 with the objective to gradually reduce customs duties
and quantitative restrictions between members on industrial products. All
tariffs and quotas were eliminated by year-end 1966. EFTA entered into
free-trade agreements with the EU in January of 1973. Trade barriers were
removed by July 1976. EFTA is expected to expand to include Central European
countries. The world-wide trade movement towards increasingly Free Market
economies has been helped by the establishment of the World Trade Organization
(WTO) successor to GATT.

Members of the North Atlantic Treaty Organization (NATO) (Belgium, Canada,
Denmark, France, Great Britain, Iceland, Italy, Luxembourg, Netherlands, Norway,
Portugal, the United States, Greece, Turkey, Germany, and Spain) agreed to
settle disputes by peaceful means, to develop individual and collective capacity
to resist armed attack, and to regard an attack on one as an attack on all. With
the demise of the former Warsaw Pact nations of the communist world, political
tensions in Europe appear to have materially eased.

The Organization for Economic Cooperation and Development (OECD) was
established in September of 1961 to promote economic and social welfare in
member countries and to stimulate and harmonize efforts on behalf of developing
nations. The OECD collects and disseminates from its Paris headquarters economic
and environmental information to members which represent nearly all the
industrialized "free market" countries: Australia, Austria, Belgium, Great
Britain, Iceland, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand,
Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United States and with
Yugoslavia as an associate member.
<PAGE>

Restrictions on Foreign Investment

Another issue which must be addressed by global investors is the
possibility of investment restrictions. Some countries impose restrictions on
foreigners investing in their country. These restrictions may limit the amount
of foreign investment or in some cases create a separate class of securities
which may be purchased by foreigner investors at a different price from similar
securities purchased by domestic investment. The countries in which the Funds
will invest do not impose restrictions on portfolio investments although Sweden
and Switzerland do have two classes of shares (see below) while Italy, Sweden,
and Japan do have some special regulations which the Fund must comply with.
Other potential pitfalls to foreign investment include high transaction costs,
including brokerage fees, stock turnover taxes, exchange rates, and
miscellaneous costs. These vary widely by type of investment and by country.
Consideration must also be given to withholding taxes. Most countries levy
non-refundable withholding taxes on interest and dividend income earned by
non-residents on domestic investments. The withholding tax rates disclosed below
are subject to changes. While the existence of reciprocal tax treaties between
many countries may to some extent mitigate that impact, such treaties are
frequently not available to institutions such as open-ended mutual funds. Note
that unlike in the U.S. and Canada, where dividends are geneally paid quarterly,
dividends in most nations are paid only once (annually) or twice (semi-annually)
a year. Liquidity or the ability of an investor to dispose of his or her
holdings quickly at a reasonable cost may be a special concern with foreign
investments. Sometimes there may be difficulties involved in selling instruments
in those countries where secondary markets are not broad or actively traded.
Political or sovereign risk is still another concern. This addresses the issue
of whether the government may take action which would reduce the value of an
investor's assets. The industrial nations involved with the Funds are basically
stable and, except as noted under Political and Economic Considerations above,
it is not believed that there would be a significant change due to an election
or revolution. However, one nation, Hong Kong, will be taken over by the Chinese
government in 1997 and there is considerable uncertainty as to the impact of
such a takeover.

The size of the markets is another concern. In December of 1994, FT
Actuaries/Goldman Sachs calculated the world equity market at some U.S. $9,186
billion. This market is dominated by the U.S. ($3,296 billion) and Japan ($2,747
billion). Other nations of significant size include Switzerland ($225 billion),
Italy ($133 billion), France ($330 billion), Canada ($148 billion), Germany
($339 billion), and Great Britain ($905 billion). In 1991, world equity markets
posted sharp advances despite concerns about the U.S. deficit, world debt and
recession in a good part of the world. In 1994, the Financial Times Actuaries
World Index, which is composed of around 2,200 securities from 24 nations,
posted a total return of 5.8% in 1994 in terms of U.S. dollars. The FT-Actuaries
World Index showed a total return of 19.8% for 1993 following a 5.1% decline in
1992. Following is a table summarizing the market capital, total return
performance, price/earnings ratios and normal settlement time.

<PAGE>

<TABLE>

1993 1994 1995 1995
Market FT/S&P FT/S&P FT/S&P P/E
NATION Capital Index Index Index Ratio SETTLEMENT
(1) (2) (2) (2) (2)
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>

Australia 168.9 38.3% 6.5% 15.2% 18.7 Five business days
Austria 17.5 34.0% -0.2% -3.3% 22.2 Second Monday after trading week
Belgium 80.3 27.8% 7.8% 29.1% 14.6 Cash market -- same day
Canada 170.6 20.8% -2.2% 17.7% 13.4 Five business days
Denmark 39.3 34.5% 3.1% 16.4% 16.8 Three business days
Finland 29.6 78.9% 52.1% 2.0% 11.3 Five business days
France 371.3 23.5% -4.2% 13.2% 23.8 Usually last business day of month
Germany 401.9 37.7% 4.0% 16.5% 26.7 Two business days
Great Britain 1,091.3 23.8% -1.2% 23.3% 15.7 Two-week rolling average
Hong Kong 212.8 128.3% -31.3% 23.6% 12.3 Next business day
Ireland 19.1 41.3% 15.1% 28.3% 10.6 Bi-weekly
Japan 2,846.6 25.0% 21.5% -0.4% 100+ Three business days
Luxembourg -- -- -- -- -- --
Malaysia 116.3 130.7% -17.7% 3.0% 23.3 See note (3)
Mexico 38.7 46.4% -40.0% -25.5% 16.8 Two business days, see note (4)
Netherlands 231.6 36.6% 12.6% 30.2% 16.5 Within 10 days
New Zealand 22.4 65.3% 7.9% 18.4% 14.5 Five business days
Norway 24.6 32.7% 20.7% 10.8% 18.3 Seven business days
Singapore 64.0 75.3% 3.2% 11.1% 27.2 Tuesday of the following week
Sweden 129.3 20.7% 19.5% 37.7% 11.9 Five business days
Switzerland 328.9 44.3% 5.0% 45.4% 20.8 Three business days
United States 4,935.8 9.6% 1.7% 37.3% 17.1 Five business days

- -------------------------------------------------------------------------------------------------------------------------
</TABLE>

(1) Billions of U.S. $. Estimated by FT/S&P Actuaries World IndicesTM/SM
include approximately 2,400 securities in 26 national indices. Excludes
investment companies and foreign domiciled companies. (e): Estimated --
Malaysia and Singapore are not reported separately.

(2) Total return measured in U.S. $. P/E ratio at year-end 1993. FT/S&P
Actuaries World IndicesTM/SM include approximately 2,400 securities in
26 national indices.

(3) Kuala Lumpur Exchange. "Ready Bargains" settle not later than 3:00 pm on:
1) Wednesday of the week following the trading period when the clients are
selling; 2) Thursday of the week following the trading period when
brokers are dealing with SCANS (Securities Network Services); 3) Friday
of the week following the trading period when SCANS is dealing with buying
brokers.

(4) For Exchange Traded Securities.
<PAGE>
COUNTRY SUMMARIES

===============================================================================

AUSTRALIA is located southeast of Asia. The Indian Ocean is west and south, the
Pacific Ocean is east. The population, which is growing at 1.5% a year, is
estimated to be 18 million with a density of 6 people per square mile. Major
cities are Sydney, Melbourne, Brisbane, Adelaide, and Perth. Iron, steel,
textiles, electrical equipment, chemicals, autos, aircraft, ships, machinery,
cattle, and wool are the chief industries. The currency is the Australian dollar
(December 1995: AUD 1.35 = $1 U.S). The Gross Domestic Product was U.S. $306
billion in 1994, or about $17,000 per capita. The 1994 current account trade
balance is estimated to have been negative $13 billion. According to the OECD,
real GDP growth was around 3.3% in 1995 and should average around 3.0% per year
in 1996-97.
Australia is a major power in the Southeast Pacific with close ties to
Japan and Southeast Asia. It is an important agricultural nation and is the
world's primary wool producer. There are seven stock exchanges in Australia with
the major ones being the Australian Stock Exchange and the Sydney Stock Exchange
both based in Sydney; Adelaide, Brisbane, Hobart, Melbourne and Perth. Dividends
on Australian shares are usually paid semi-annually. Companies occasionally
issue bonus shares which, since they are issued without any corresponding
capital inflow, automatically dilute shareholders' value. However, shareholders
wealth is unaffected and, as the dividend rate is usually maintained on the
increased number of shares, a bonus issue effectively results in the increase of
the dividend return. Australia has always relied on foreign capital to assist in
financing economic development. Foreigners are free to invest in most sectors of
the economy. Exchange controls were, for the most part, abolished at the end of
1983. Those that remain are essentially designed to combat international tax
avoidance.
Dividends are exempt from withholding tax to the extent they qualify as
franked dividends. In general, dividends are franked if they are paid out of
profits that have borne corporate income tax at the full rate of 39%. If the
dividends are unfranked, a final withholding tax of 30% is levied.

AUSTRIA is located in southcentral Europe. Its neighbors are Switzerland,
Liechtenstein, Germany, Czechoslovakia, Hungary, Yugoslavia and Italy. The
population is estimated to be 8 million. Major cities are Vienna, Graz and Linz.
Steel, machinery, autos, electrical and optical equipment, glassware, sport
goods, paper, textiles, chemicals and cement are the chief industries. The
currency is the Schilling (December 1995: ATS 10.07 = $1 U.S.). The Gross
Domestic Product was $193 billion in 1994, or about $24,000 per capita.
Agriculture makes up 3% of the GDP, the industrial section 38% and the service
sector 59%. Defense spending is 1.2% of the GDP while education spending equals
6.0%. The 1994 current account trade balance was $311 million. Austria joined
the European Union in 1994.
The relatively small size of Austria's securities markets may make it
difficult for the Austrian

<PAGE>

National Fiduciary Equity Fund to effect purchases or sales of portfolio
securities without causing an increase or decrease in the market price of such
securities. The trading activities of competing investment companies may also
have an adverse effect on securities prices or reduce the availability of
securities appropriate for inclusion in the Fund's portfolio. Frequently,
trading in Austria is accomplished "off-exchange" through banks which may also
serve as broker/dealers and investment advisers. Since these banks may
simultaneously be dealing for their own account or the account of clients in
such instances, such "off-exchange" trading could involve conflicts of interest.
Austria produces most of its food as well as an array of industrial products.
Historically, a large part of the economy is controlled by state enterprises but
this is changing through the increasing privatization of such enterprises. The
rate of nonrefundable dividend withholding tax is currently 20%.

BELGIUM is located in northwest Europe on the North Sea. The population is
estimated to be 10 million. There are two main ethnic groups. The Dutch-speaking
Flemish make up about 60% of the population located in the north and west of the
country; and the French-speaking Walloons account for the remaining 40% and are
located to the south and east. The divisions between these two groups are not
only linguistic but also economic, social and cultural. Brussels is officially
bilingual, and English and German are widely used for business purposes and by
visitors. Major cities are Brussels, Antwerp, Ghent, Charleroi and Liege. Steel,
glassware, diamond cutting, textiles and chemicals are the chief industries. The
currency is the Belgian Franc (December 1995: BEF 29.41 = $1 U.S.). The Gross
Domestic Product was $228 billion in 1994, or about $23,000 per capita. The 1994
current account trade balance was positive $12.8 billion. Belgium is a member of
the European Union.
Exchange control is mainly concerned that settlements with foreign
countries are made through the appropriate exchange market. There are, in
general, no restrictions on portfolio investments. The rate of nonrefundable
dividend withholding tax is currently 25%.

CANADA, the world's second largest country, is located in North America,
southward from the North Pole to the U.S. border. The population is estimated to
be 29 million. Canada is divided into ten provinces and two territories. It is
an urban society with most of the principal cities located close to the U.S.
border. Both English and French are official languages, but French predominates
in the Province of Quebec where it is the official working language while
English is used throughout the rest of the country. Major cities are Montreal,
Toronto, Vancouver, Ottawa-Hull, Edmonton, Calgary, and Quebec. Mining, oil and
gas, paper and forest products, consumer products, industrial products,
chemicals, real estate, construction, transportation, finance, and
communications are the chief industries. The currency is the Canadian dollar
(December 1995: CAD 1.36 = $1 U.S.). The Gross Domestic Product was $521 billion
in 1994, or about $18,000 per capita. The 1994 current account trade balance was
negative $17.4 billion. Canada is a participant in the North American Free Trade
Agreement (NAFTA) along with the U.S.A. and Mexico.
<PAGE>

The market value of equity shares of domestic companies on the Toronto
Exchange, the largest of the five exchanges, on December 31, 1995 was around
$171 billion. There is also a large over the counter market run by approximately
200 broker/dealers and a few banks. Dividends on common shares are usually paid
quarterly. Calgary, Winnipeg, Montreal, and Vancouver also have stock exchanges.
Canada has no restrictions on foreign exchange. The nonrefundable dividend
withholding tax rate is currently 25%.

DENMARK is located in northern Europe, separating the North and Baltic Seas. The
population is estimated to be around 5 million. Major cities are Copenhagen and
Arhus. Machinery, textiles, furniture, electronics and dairy are the chief
industries. The currency is the Danish Krone (December 1995: DKK 5.54 = $1
U.S.). The Gross Domestic Product was $156 billion in 1994, or around $31,000
per capita. The 1994 current account trade balance was positive $2.7 billion.
Denmark is a member of the European Union.
There are no restrictions on portfolio investments. The nonrefundable
dividend withholding tax rate is currently 30%.

FINLAND is located in northern Europe. Its neighbors are Norway, Sweden and
Russia. The population is estimated to be around 5 million. Major cities are
Helsinki, Tampere and Turku. Machinery, metal, ship building, textiles and
clothing are the chief industries. The currency is the Finnish Markka (December
1995: FIM 4.38 = $1 U.S.). The Gross Domestic Product was $108 billion in 1994,
or about $22,000 per capita. The 1994 current account trade balance was $1.1
billion. Finland is a member of the European Union.
Purchases of shares on the Helsinki Stock Exchange (the only Stock Exchange
in Finland) or OTC (second tier) market are not subject to restriction. The
nonrefundable dividend withholding tax rate is currently 25% to nonresidents.

FRANCE, the largest country in western Europe, is located between the Atlantic
Ocean and the Mediterranean Sea. The population is estimated to be around 58
million. Major cities are Paris, Marseille, Toulousek Nice, Nantes, Strasbourg,
and Bourdeaux. Steel, chemicals, autos, textiles, wine, perfume, aircraft and
electronic equipment are the chief industries. The currency is the French Franc
(December 1995: FRF 4.91 = $1 U.S.). The Gross Domestic Product was $1,372
billion in 1994, or around $24,000 per capita. The 1994 current account trade
balance was negative $10 billion. France is a member of the European Union.
Portfolio investment is generally not restricted. The nonrefundable
dividend withholding tax rate is currently 25%.

GERMANY is located in central Europe with Denmark on the north, Netherlands,
Belgium, Luxembourg and France on the west, Switzerland and Austria on the south
and Poland and Czechoslo

<PAGE>

vakia to the east. The dismantling of the Berlin Wall in November 1989 led
to the economic unification of East and West Germany in July of 1990. Political
unification followed on October 3, 1990. The population is estimated to be 81
million. Major cities are Berlin, Munich, Hamburg, Cologne, Frankfurt, Dortmund,
Dusseldorf, Leipzig, Dresden and Stuttgart. Steel, ships, autos, machinery, coal
and chemicals are the chief industries. The currency is the Deutschemark
(December 1995: DEM 1.44 = $1 U.S.). The Gross Domestic Product for Western
Germany was $1,811 billion in 1994, or about $22,000 per capita. Germany is a
member of the European Union.
Frankfurt is the largest of the eight stock exchanges in Germany, and is
considered the center of trading activity. Hamburg and Munich are also
important, while Berlin, Dusseldorf, Hanover, Bremen, and Stuttgart are regional
exchanges only. The equity market is not considered to be an especially
important component of Germany's capital markets since equity issues are not a
major source of financing for German corporations. The shares of approximately
600 companies are listed for trading on stock exchanges, but perhaps only 100 or
so of these would be considered suitable for investor trading as many issues
listed are tightly controlled private groups and banks. Equity markets in
Germany are dominated by the German Banks and most brokerage is conducted
through the major banks, all of which have seats on the major exchanges. There
are two basic types of German companies: Aktiengesellschaft (AG) represents an
independent legal entity formed by Articles of Incorporation. AG shares are
fully transferable and eligible to be traded on German stock exchanges. They are
normally registered unless the company by-laws allow for bearer shares. The
second type of company is Beschrankter (GmbH) which is similar to the AG, but
the shares are not freely transferrable and cannot be traded on a stock
exchange. There are no portfolio investment restrictions. The nonrefundable
dividend withholding tax rate is currently 25%.

GREAT BRITAIN is the principal port of the United Kingdom of Great Britain and
Northern Ireland, located on an island off the northwest coast of Europe and
comprising of England, Scotland and Wales. The population is estimated to be 58
million. Major cities are London, Birmingham, Glasgow, Leeds, Sheffield,
Manchester and Edinburgh. Steel, metals, vehicles, shipbuilding, shipping,
banking, insurance, textiles, chemicals, electronics, aircraft machinery and
distilling are the chief industries. The currency is the English Pound (December
1995: GBP 1 = $1.55 U.S.) The Gross Domestic Product was $890 billion in 1994,
or about $15,000 per capita. The 1994 current account trade balance was negative
$2.4 billion. The United Kingdom is a member of the European Union.
The London Stock Exchange is the oldest and the largest security exchange
in Great Britain. There are 13 provincial exchanges which, with London, make up
the International Stock Exchange of the United Kingdom and the Republic of
Ireland. Most of the securities trading in Great Britain takes place on the
London Stock Exchange although trading facilities are still maintained on the
floor of the Provincial exchanges. The equity markets in Great Britain are
considered to be among the most highly developed in the World. All exchange
controls and restrictions were removed in 1979. The nonrefundable dividend
withholding tax rate is currently 25%.

<PAGE>

HONG KONG, a Crown Colony, is located at the mouth of the Canton River in China,
90 miles south of Canton. The population is estimated to be 5.7 million. English
and Cantonese are the languages of commerce. Textiles, apparel, tourism,
shipbuilding, iron and steel, fishing, cement and small manufacturers are the
chief industries. The currency is the Hong Kong Dollar (December 1995: HKD 7.73
= $1 U.S.). The Gross Domestic Product was estimated at $108.7 billion in 1993,
or about $19,094 per capita. The 1991 current account trade balance was positive
$2 billion.
The governments of the United Kingdom and the Peoples Republic of China
(PRC) have entered into an agreement whereby sovereignty over Hong Kong will be
restored to the PRC July 1, 1997. Hong Kong will then be a special
administrative region with its own law for another fifty years (up to 2047).
There is considerable uncertainty as to the impact of the Chinese takeover. It
is possible that the Chinese takeover will accelerate the departure of capital
and productive individuals. Hong Kong developed from a trading zone into a major
manufacturing and financial center of world importance after the outbreak of the
Korean War. It has an excellent economic infrastructure with highly developed
international communications, and transportation, as well as local roads,
subways and water transportation. However, the influx of refugees from other
Asian countries may strain Hong Kong's economic and social resources and
structure. The Colony's financial institutions have been reconstituted following
the 1987 world markets crash and they have successfully withstood subsequent
pressures. The stock market crash of 1987 and subsequent arrest on corruption
charges of the chairman and several other top officials of the Hong Kong Stock
Exchange precipitated major reform including the establishment of the powerful
new Securities and Futures Commission which began operations in May of 1989. The
government has taken the position that the territory must steer a delicate
course between overregulation and underregulation.
Hong Kong's investment and trade ties with the Peoples Republic of China
are significantly increasing. The PRC presently makes up about 38% of imports
into Hong Kong, and re-exports from the PRC constitute a large percentage of
Hong Kong's total exports. It is to be expected that the Hong Kong stock market
will remain dependent upon prevailing perceptions of political developments in
China. Foreign enterprises are treated virtually the same as domestic
enterprises and there are no restrictions in exchange of foreign currencies or
on the repatriation of profits. Import and export licenses are easy to obtain.
There are no exchange controls, investment restrictions or dividend withholding
taxes.

THE REPUBLIC OF IRELAND is the western-most nation of Europe, located in the
Atlantic Ocean just west of Britain. Population is estimated at 3.6 million,
one-eighth of which live in the capital city of Dublin. Important industries in
the national economy are food, textiles, chemicals, brewing, machinery, tourism
and services. The national currency of Ireland is the Pound (Punt), which at
December 31, 1995, was valued at IP 0.62 = $1 U.S. Gross Domestic Product was
U.S. $51 billion in 1994, or about $14,000 per capita. The current account
balance was a $3.2 billion surplus in 1994. The OECD estimates that real GDP
expanded 6.5% during 1995 and forecasts

<PAGE>

growth of around 5.5% in 1996 and 1997. No withholding tax is deducted from
dividend payments made by Irish companies. Ireland is a member of the European
Union.

JAPAN is located in the Archipelago off the east coast of Asia. The population
is estimated to be 125 million. Major cities are Tokyo, Yokohama, Osaka, Nagoya,
Kyoto, Sapporo and Kobe. Electrical and electronic equipment, autos, machinery
and chemicals are the chief industries. The currency is the Japanese Yen
(December 1995: JPY 103.43 = $1 U.S.). The Gross Domestic Product was $4,400
billion in 1994, or about $35,000 per capita. The 1994 current account trade
balance was positive $129 billion.
The Tokyo Stock Exchange is the largest of eight exchanges in Japan which
has very well developed primary and secondary equity markets. The price/earnings
ratios for Japanese securities have recently been much higher than typical
price/earnings ratios for U.S. securities. In 1989-92, however, the Japanese
stock market was in a steady downtrend; the Tokyo Stock Exchange lost more than
50% of its value in the four years following its December 1989 peak. All equity
securities business in Japan is conducted by security dealers. They trade on a
typical broker basis on commission. Japanese securities companies may trade on
their own accounts, but only to the extent necessary for the maintenance of a
fair and orderly market. Broker basis trading accounts for 70-75% of the value
of all stock trading. Portfolio investments of less than 10% are not restricted.
Dividends are currently subject to a nonrefundable 20% dividend withholding tax.

LUXEMBOURG is located in western Europe. The population is estimated to be 0.4
million. The major city is Luxembourg. Steel, chemicals, beer, tires, tobacco,
metal products, cement and financial services are the chief industries. The
currency is the Luxembourg Franc which is identical in value to the Belgian
Franc (December 1995: LUF 29.60 = $1 U.S.). French and German and Luxembourgish
(a mainly German dialect) are the official languages and most Luxembourgers are
fluent in all three. English is spoken by many Luxembourgers and is widely used
in business. The Gross Domestic Product was $11 billion in 1992, or about
$27,000 per capita. Luxembourg is a member of the European Union.
There are no investment restrictions. A dividend withholding tax of 15%
does not apply to holding companies.

MEXICO is a nation of 93 million people located in the southernmost part of
North America. Its capital city is Mexico City; other large cities include
Guadalajara and Monterrey. The official language is Spanish; however, English is
commonly used for international business. Steel, chemicals, electric goods,
textiles, petroleum and tourism are important industries. The national currency
of Mexico is the Peso, which was valued, at December 31, 1993, at MP 3.11 = $1
U.S. but was devalued in 1994 so that at December 31, 1994, the value was 5.33
to the U.S. dollar. It further depreci-

<PAGE>

ated in December 1995 to 7.69/$. Gross Domestic Product was U.S. $327
billion in 1993, or $3,650 per capita. The current account balance was U.S. $29
billion in deficit for 1994. The OECD estimates that real GDP shrank 6.0% during
1995 and forecasts growth rates of a little more than 3% in 1996 and in 1997.
Mexico is a democratic republic with a constitution. It has a federal and
representative form of government. There are 31 states and one federal district.
The President is the head of government and chief of state. It is still
considered to be an emerging nation. Although the ruling Institutional
Revolutionary Party (PRI) has been in power for more than 65 years, the recent
relative stability of the country is being called into question as the nation
struggles with the transition from a controlled to a more open democracy. The
January 1995 uprising of a rebel Indian group in the southern state of Chiapas
has still to be fully resolved. A new political scandal - the arrest of the
brother of former president Salinas for orchestrating a political assassination
- - has added to the uncertainty.
As a consequence of the peso's collapse, the Mexican economy is likely to
experience high interest rates, soaring inflation and no economic growth if not
an outright decline in GDP. Over the long run, it is hoped that the devaluation
will increase the attractiveness of Mexican exports, stimulate economic growth
and reduce Mexico's dependence on short-term foreign investment.
For all of 1995, the 18-stock FT/S&P Total Return Index declined 3.6% in
pesos, and 25% in dollar terms. For the first two months of 1995, the index
declined an additional 35% in pesos and 45% in dollars.
When dividends are distributed out of the balance on the net tax profit
account, no tax is charged. Dividends not distributed out of the balance on the
net tax profit account are subject to a 35% charge. The tax is charged by
grossing up the dividend declared. The balance on the net tax profit account is
computed by adding the sum of net tax profits for each year to the dividends
received from other resident companies and then subtracting the dividends paid
from the account.

NETHERLANDS is located in northwestern Europe on the North Sea. The population
is estimated to be 15 million. Major cities are Amsterdam, Rotterdam & Hague.
Metals, machinery, chemicals, oil refinery, diamond cutting, electronics and
tourism are the chief industries. The language spoken is Dutch. Most people in
business also speak English. The currency is the Dutch Guilder (December 1995:
NLG 1.61 = $1 U.S.). The Gross Domestic Product was $344 billion in 1994, or
about $25,000 per capita. The 1994 current account trade balance was positive
$12 billion. Netherlands is a member of the European Union.
The Amsterdam Stock Exchange is the largest and all Dutch securities are
listed on it. It is also the oldest stock exchange in the world and perhaps the
only one that charges itself with the primary obligation of protecting
shareholders. However, the Dutch equity market although growing in trading
volume has not been particularly active. Domestic participation is primarily
institutional with perhaps only about 10 to 15 percent of Dutch households
owning equity shares. Dutch pension funds are also limited to having 3 to 5
percent of their assets in equities and Dutch banks are prohibited from holding
shares for more than five years. There are no portfolio investment restrictions.
There is a nonrefundable dividend withholding tax which is currently set at 25%.
<PAGE>

NEW ZEALAND is mainly comprised of two islands in the southwest Pacific Ocean.
The population is estimated to be 3.5 million. Major cities include Wellington,
Auckland, Christchurch and Manakau. Food processing, fishing, textiles
(especially wool-related), forest products and machinery are the chief
industries. The currency is the New Zealand Dollar (December 1995: NZD 1.53 = $1
U.S.). The Gross Domestic Product was $51 billion in 1994, or $15,000 per
capita. The current account trade deficit was $2 billion in 1994.
There are no investment restrictions unless 25% of the shares of a company
are purchased. The rate of the nonrefundable dividend withholding tax is
currently 30%.

NORWAY occupies the western part of the Scandinavian Peninsula in northwest
Europe. The population is estimated to be 4.3 million. Major cities are Oslo and
Bergen. Engineering, metals, chemicals, food processing, fishing, paper,
shipbuilding and oil and gas are the chief industries. The currency is the
Norwegian Kronor (December 1995: NOK 6.33 = $1 U.S.). The Gross Domestic Product
was $118 billion in 1994, or about $27,000 per capita. The 1994 current account
trade balance was positive $3.6 billion.
No exchange control restrictions apply to portfolio investments by
foreigners in quoted companies although consent of the Bank of Norway may be
required to purchase more than a specified percentage of a company that owns
Norwegian real estate. The nonrefundable dividend withholding tax rate is
currently 25%.

SWEDEN is located on the Scandinavian Peninsula in Northern Europe. The
population is estimated to be 8.8 million. Major cities are Stockholm, Goteborg
and Malmo. Steel, machinery, instruments, autos, shipbuilding, shipping and
paper are the chief industries. The currency is the Swedish Krona (December
1995: SEK 6.69 = $1 U.S.), The Gross Domestic Product was $196 billion in 1994,
or about $23,000 per capita. The 1994 current account trade balance was $826
million. Sweden is a member of the European Union.
Swedish companies by-laws frequently contain a stipulation restricting
foreign ownership to less than 40% of the share capital and less than 20% of the
voting power in the company, a rule which cannot normally be changed without the
government's consent. Shares which may be acquired by foreigners are called free
shares and are so designated on shares certificates. A Swedish company without
such a stipulation in its by-laws is regarded as "foreign" and is subject to
restrictions on foreign acquisition of real estate and natural resources, or
even from acquiring more than 20% of the voting rights of any other company.
Foreigners may deal without restriction in the free shares on the Stockholm
Stock Exchange, provided they do not exceed 10% of the share capital or voting
power. The "free share market" may behave quite differently from other markets.
This may be due to cultural characteristics of the Swedish shareholders or the
fact that foreigners in the "free market" can sell their shares and move into
other markets whereas the Swedes are seldom able to get permission to invest
abroad. The nonrefundable dividend withholding tax rate is currently 30%.
<PAGE>

SWITZERLAND is located in the Alps Mountains in Europe. The population is
estimated to be 7 million. Switzerland has four national languages: German,
French, Italian, and Romansh. Romansh is found on all Swiss bank notes. About
two thirds of the population speak a German dialect known as Schweizerdeutsch.
English is the most widely used foreign language in Swiss business. Major cities
are Zurich, Basel and Geneva. Machinery, machine tools, steel, instruments,
watches, textiles, foodstuffs (cheese, chocolate), chemicals, drugs, banking and
tourism are the chief industries. The currency is the Swiss Franc (December
1995: CHF 1.15 - $1 U.S.). The Gross Domestic Product was $273 billion in 1994,
or about $39,000 per capita. The 1994 current account trade balance was positive
$18.5 billion.
Zurich Exchange is one of the largest in the world in terms of volume.
Switzerland's equity markets also include organized stock exchanges of Basel,
Geneva, Bern and Lausanne as well as the over the counter market. Trading is
active although the exchanges are relatively small by international standards.
Ordinary shares, participation certificates, warrants and mutual funds are
traded on Swiss secondary markets. Swiss common shares must be carefully
distinguished by type since most Swiss companies do not allow nonresidents to
own Swiss registered shares. The types of shares are: Bearer - ordinary shares
which are fully voting common shares with full right to dividends and which
typically sell for 25 percent premium over registered shares; Registered -
ordinary shares which are a fully voting common shares with full rights and
dividends (in November of 1988, Nestle broke the tradition of prohibiting
nonresidents from owning registered shares and became the first Swiss company to
allow foreign ownership of registered shares) and Participation and Dividend
Right Certifications which are equity securities with full right to dividends
but no voting rights. Participation Certifications are otherwise fully
participating with common shares and can be purchased by nonresidents. The
nonrefundable dividend withholding tax rate is currently 35%.

UNITED STATES is a nation of 260 million people located in North America. The
U.S. economy is the world's largest, with 1994 Gross Domestic Product estimated
at $7.1 trillion or $27,300 per capita. The nation's current account deficit is
estimated at about $220 billion for 1995. Real GDP advanced by just over 3%
during 1995 and according to the OECD, the growth rate is likely to be around
2.7% in 1996 and about 2.8% in 1997. There is no withholding on dividends paid
to the Fund.
<PAGE>

The Wright
EquiFund
Equity Trust

PROSPECTUS
May 1, 1996

Investment Adviser
Wright Investors' Service, Inc.
1000 Lafayette Boulevard
Bridgeport, Connecticut 06604

Principal Underwriter
Wright Investors' Service Distributors, Inc.
1000 Lafayette Boulevard
Bridgeport, Connecticut 06604

Administrator
Eaton Vance Management
24 Federal Street
Boston, Massachusetts 02110

Custodian
Investors Bank & Trust Company
89 South Street
Boston, Massachusetts 02111

Transfer Agent
First Data Investor Services Group
Wright Managed Investment Funds
BOS 725
P.O. Box 1559
Boston, Massachusetts 02104

Auditors
Deloitte & Touche LLP
125 Summer Street
Boston Massachusetts 02110

24 Federal Street
Boston, Massachusetts 02110

The Wright
EquiFund
Equity Trust
- -------------------------------------------------------------------------------
Description of art work on front cover of Prospectus

EquiFund logo with globe underneath, all in a solid blue box in middle of page
- -------------------------------------------------------------------------------

WRIGHT EQUIFUND - AUSTRALASIA
WRIGHT EQUIFUND - AUSTRIA
WRIGHT EQUIFUND - BELGIUM/LUXEMBOURG
WRIGHT EQUIFUND - BRITAIN
WRIGHT EQUIFUND - CANADA
WRIGHT EQUIFUND - FRANCE
WRIGHT EQUIFUND - GERMANY
WRIGHT EQUIFUND - HONG KONG
WRIGHT EQUIFUND - IRELAND
WRIGHT EQUIFUND - JAPAN
WRIGHT EQUIFUND - MEXICO
WRIGHT EQUIFUND - NETHERLANDS
WRIGHT EQUIFUND - NORDIC
WRIGHT EQUIFUND - SWITZERLAND
WRIGHT EQUIFUND - UNITED STATES
WRIGHT EQUIFUND - GLOBAL
WRIGHT EQUIFUND - INTERNATIONAL

Prospectus
May 1, 1996

<PAGE>

Part B -- Information Required In A Statement of Additional Information
- ------------------------------------------------------------------------------

STATEMENT OF
ADDITIONAL INFORMATION
May 1, 1996

THE WRIGHT EQUIFUND EQUITY TRUST
--------------------------------
Wright EquiFund--Australasia
Wright EquiFund--Austria
Wright EquiFund--Belgium/Luxembourg
Wright EquiFund--Britain
Wright EquiFund--Canada
Wright EquiFund--France
Wright EquiFund--German
Wright EquiFund--Hong Kong
Wright EquiFund--Ireland
Wright EquiFund--Japan
Wright EquiFund--Mexico
Wright EquiFund--Netherlands
Wright EquiFund--Nordic
Wright EquiFund--Switzerland
Wright EquiFund--United States
Wright EquiFund--Global
Wright EquiFund--International

Each a "Fund" and collectively, the "Funds"

24 Federal Street
Boston, Massachusetts 02110

This combined Statement of Additional Information is NOT a prospectus and is
authorized for distribution to prospective investors only if preceded or
accompanied by the current combined Prospectus of the Funds dated May 1, 1996, a
copy of which may be obtained without charge from Wright Investors' Service
Distributors, Inc., 1000 Lafayette Boulevard, Bridgeport, Connecticut 06604
(Telephone:(800) 888-9471).

<PAGE>

Table of Contents
------------------------------------------

PAGE
General Information and History.................................... 3
Investment Objectives and Policies................................. 4
The National Equity Indices........................................ 4
Other Investment Policies of the Funds............................. 5
Officers and Trustees.............................................. 9
Control Persons and Principal Holders of Shares.................... 11
Investment Advisory and Administrative Services.................... 12
Custodian.......................................................... 14
Independent Certified Public Accountants........................... 15
Brokerage Allocation............................................... 15
Fund Shares and Other Securities................................... 17
Purchase, Exchange and Redemption of Shares........................ 17
Principal Underwriter.............................................. 17
Performance Information............................................ 19
Taxes.............................................................. 20
Financial Statements............................................... 22

APPENDICES:
Appendix A......................................... A1-A4
Appendix B......................................... B1-B7
Appendix C......................................... C1-C2
Appendix D......................................... D1-D61

<PAGE>

General Information and History

The Wright EquiFund Equity Trust (the "Trust") is an open-end management
investment company, or mutual fund, organized as a Massachusetts business trust
in 1989. The Trust currently consists of seventeen series. The Funds (each a
"Wright EquiFund" and collectively the "Wright EquiFunds") each represent a
separate and distinct series of the Trust's shares of beneficial interest. Each
Fund is a diversified fund.

<TABLE>

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<S> <C>

Wright EquiFund - Australasia* Wright EquiFund - Japan
Wright EquiFund - Austria* Wright EquiFund - Mexico
Wright EquiFund - Belgium/Luxembourg Wright EquiFund - Netherlands
Wright EquiFund - Britain Wright EquiFund - Nordic
Wright EquiFund - Canada* Wright EquiFund - Switzerland
Wright EquiFund - France* Wright EquiFund - United States*
Wright EquiFund - Germany Wright EquiFund - Global*
Wright EquiFund - Hong Kong Wright EquiFund - International*
Wright EquiFund - Ireland*

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</TABLE>

* As of the date of this Statement of Additional Information, these Funds
are not available for purchase in any state of the United States. Contact
the principal underwriter or your broker for the latest information.

Unless otherwise required by the Investment Company Act of 1940, as amended
(the "1940 Act"), ordinarily it will not be necessary for the Trust to hold
annual meetings of shareholders. As a result, shareholders may not consider each
year the election of Trustees or the appointment of independent accountants.
Shareholders may remove a Trustee by the affirmative vote of at least two-thirds
of the Trust's outstanding shares and the Trustees must promptly call a meeting
for such purpose when requested to do so in writing by the record holders of not
less than 10% of the outstanding shares of the Trust. Shareholders may, under
certain circumstances, communicate with other shareholders in connection with
requesting a special meeting of shareholders. The Board of Trustees, however,
will call a special meeting for the purpose of electing Trustees if, at any
time, less than a majority of Trustees holding office at the time were elected
by shareholders.

The Trust's Declaration of Trust may be amended with the affirmative vote
of a majority of the outstanding shares of the Trust or, if the interests of a
particular Wright EquiFund are affected, a majority of such Fund's outstanding
shares. The Trust may be terminated (i) upon the sale of the Trust's assets to
another open-end management investment company, if approved by the holders of
two-thirds of the outstanding shares of the Trust, except that if the Trustees
of the Trust recommend such sale of assets, the approval by the vote of a
majority of the Trust's outstanding shares will be sufficient; or (ii) upon
liquidation and distribution of the assets of the Trust, if approved by a
majority of its Trustees or by the vote of a majority of the Trust's outstanding
shares. If not so terminated, the Trust may continue indefinitely.

The Trust's Declaration of Trust further provides that the Trust's Trustees
will not be liable for errors of judgment or mistakes of fact or law; however,
nothing in the Declaration of Trust protects a Trustee against any liability to
which he would otherwise be subject by reason of willful misfeasance, bad faith,
gross negligence, or reckless disregard of the duties involved in the conduct of
his office.
<PAGE>

The Trust is an organization of the type commonly known as a "Massachusetts
business trust." Under Massachusetts law, shareholders of such a trust may,
under certain circumstances, be held personally liable as partners for the
obligations of the trust. The Trust's Declaration of Trust contains an express
disclaimer of shareholder liability in connection with the Trust property or the
acts, obligations or affairs of the Trust. The Declaration of Trust also
provides for indemnification out of the Trust property of any shareholder held
personally liable for the claims and liabilities to which a shareholder may
become subject by reason of being or having been a shareholder. Thus, the risk
of a shareholder incurring financial loss on account of shareholder liability is
limited to circumstances in which the Trust itself would be unable to meet its
obligations.

Each Fund has retained Wright Investors' Service, Inc., Bridgeport,
Connecticut ("Wright" or the "Investment Adviser"), as investment adviser to
carry out the management, investment and reinvestment of its assets. Each Fund
has also retained Eaton Vance Management ("Eaton Vance"), 24 Federal Street,
Boston, Massachusetts, 02110, as administrator of its business affairs.

Investment Objectives and Policies

The National Equity Indices

The National Equity Indices (the "Indices") are each designed to be an
index of substantially all the publicly traded equity securities in the nation
or nations in which each respective Fund is permitted to invest which meet the
requirements of a prudent investor. The prudent investor standard requires that
care, skill, and caution be used in selecting securities for investment. The
Investment Adviser will select securities for investment for each Fund only from
those included in the corresponding Index, or in the case of International Fund,
from those included in all the Indices except the United States National Equity
Index or in the case of Global Fund, from those included in all the Indices
including the United States National Equity Index.

Wright has developed disciplined objective criteria to ensure that the
required care, skill, and caution are used in selecting securities for each of
the Indices.

Wright generally considers for inclusion in an Index only those companies
which have at least:

1. Five years of audited operating information;
2. An established minimum amount in both book value and market value;
and
3. A three-year record of pricing in a public market.

In addition, only companies that meet the following criteria will be
included in an Index:

1. A significant portion of the shares of the company is believed to
be publicly owned;
2. The company has had positive earnings for the last fiscal or
calendar year, or for the last twelve months, or
cumulatively for the last three years; and
3. The company is not a closed-end investment company or a non-bank
securities broker or dealer.
<PAGE>

In selecting securities for the Indices and for inclusion in the portfolios
of the Funds, other than the United States Fund, Wright utilizes its
international database, which includes WORLDSCOPE(R). WORLDSCOPE(R) provides
more than 1,500 items of information on more than 13,000 companies worldwide.
Except for the United States, Wright utilizes the services of major financial
institutions that are located in the nations in which the respective Funds are
permitted to invest to supply Wright with research products and services
including reports on particular industries and companies, economic surveys and
analysis of the investment environment and trends in a particular nation,
recommendations as to whether specific securities should be included in an Index
and other assistance in the performance of its decision-making responsibilities.
Currently, Wright expects to utilize several major international banks in the
above-mentioned capacity. The Indices are adjusted as necessary to reflect
recent events. A detailed explanation of the objective criteria used in the
selection process is as follows.

To be selected for an Index, a company must have:

1. Five years of earnings data (17 quarters of 12 month earnings). To
be selected, a company's trailing 12 month earnings during the
last four quarters or during the last three reported years
cumulatively must be positive.

2. Five years of dividend information or positive verification that
a company did not declare a dividend (20 quarters of quarterly
dividend information).

3. Three years of price information (12 quarters of quarterly
prices). To be selected, a company generally must have market
value (number of shares times price) equal to or greater than $20
million. Once a company is selected, its market value must be less
than $15 million for the company's securities to be removed from
the relevant Index.

4. Book value information for the past five years (20 quarters). To
be selected, book value must be equal to or greater than $20
million. Once a company is selected, its book value must be less
than $15 million for the company's securities to be removed from
the relevant Index.

5. Industry group information. Companies that are closed-end
investment companies, real estate investment trusts or non-bank
securities brokers or dealers will not be included.

Acquired companies may continue to be included in the relevant Index up to
their acquisition date.

Other Investment Policies of the Funds

Each Fund may establish an investment reserve in cash (including foreign
currency) or cash equivalent securities (high quality short-term fixed income
debt securities) whenever such reserve is deemed to be in the best interests of
the shareholders for any reason, including Wright's expectation of a decline in
the equity markets in which the Fund is permitted to invest. Under normal market
conditions, such reserves will be no more than approximately 20% of a Fund's net
assets. Accordingly, each Fund will have at least 80% of its net assets invested
in equity securities during normal market conditions. With respect to Austria,
Belgium/Luxembourg, Canada, France, Germany, Hong Kong, Japan, Netherlands,
Nordic and Switzerland Funds, the policy stated in the preceding sentence is
fundamental and may be changed only by the vote of a majority of a Fund's
outstanding voting securities. A greater reserve position may, however, be
established temporarily if Wright believes that this would be advisable in view
of what it considers to be extraordinary economic and stock market conditions.
See "Special Investment Considerations - Temporary Defensive Investments" in the
Prospectus for a discussion of when the Funds may take a temporary defensive
position.

The following investment restrictions have been adopted by each Fund and
may be changed as to a

<PAGE>

Fund only by the vote of a majority of the affected Fund's outstanding
voting securities, which means the lesser of (a) 67% of the shares of the Fund
if the holders of more than 50% of the shares are present or represented at the
meeting or (b) more than 50% of the shares of the Fund. If a percentage
restriction contained herein is adhered to at the time of investment, a later
increase or decrease in the percentage resulting from a change in the value of
portfolio securities or the amount of net assets will not be considered a
violation of any of the following restrictions. Accordingly, each Fund may not:

(The following fundamental investment restrictions apply only to Austria,
Belgium/Luxembourg, Canada, France, Germany, Hong Kong, Japan, Netherlands,
Nordic and Switzerland.)

(1) Borrow money other than from banks and then only up to 1/3 of the
current market value of its total assets (including the amount
borrowed) and only if such borrowing is incurred as a temporary
measure for extraordinary or emergency purposes or to facilitate
the orderly sale of portfolio securities to accommodate redemption
requests; or issue any securities other than its shares of
beneficial interest except as appropriate to evidence indebtedness
which the Fund is permitted to incur. (Each Fund anticipates
paying interest on borrowed money at rates comparable to its yield
and no Fund has any intention of attempting to increase its net
income by means of borrowing);

(2) Pledge, mortgage or hypothecate its assets to an extent greate
than 1/3 of the total assets of the Fund taken at market;

(3) Purchase the securities of any one issuer (other than obligations
issued or guaranteed by the U.S. Government or any of its
agencies, or securities of other regulated investment companies)
if, as a result of such purchase, more than 5% of that Fund's
total assets (taken at current value) would be invested in the
securities of such issuer or securities of any one issuer held by
that Fund would exceed 10% of the outstanding voting securities of
such issuer at the end of any fiscal quarter of the Fund, provided
that, with respect to 50% of the Fund's assets, the Fund may
invest up to 25% of its assets in the securities of any one
issuer;

(4) Purchase or retain securities of any issuer if 5% or more of the
issuer's securities are owned by those officers and Trustees of
the Trust or its investment adviser or administrator who own
individually more than 1/2 of 1% of the issuer's securities;

(5) Purchase securities on margin or make short sales except sales
against the box or purchase warrants;

(6) Buy or sell commodities, or commodity contracts (except that the
Fund may purchase or sell currencies and put and call options on
securities, indices or currencies and enter into forward foreign
currency exchange contracts), unless acquired as a result of
ownership of securities;

(7) Purchase any securities which would cause more than 25% of the
market value of its total assets at the time of such purchase to
be invested in the securities of issuers having their principal
business activities in the same industry, provided that there is
no limitation in respect to investments in obligations issued or
guaranteed by the U.S.
Government or its agencies or instrumentalities;

(8) Underwrite securities issued by other persons except to the extent
that the purchase of securities in accordance with a Fund's
investment objectives and policies directly from the issuer
thereof and the later disposition thereof may be deemed to be
underwriting;

(9) Make loans, except (i) through the loan of a portfolio security,
(ii) by entering into repurchase agreements and (iii) to the
extent that the purchase of debt instruments, if any, in
accordance with the Fund's investment objective and policies may
be deemed to be loans;
<PAGE>

(10) Purchase from or sell to any of the Trust's Trustees or officers,
its investment adviser, its administrator, its principal
underwriter, if any, or the officers or directors of said
investment adviser, administrator, or principal underwriter,
portfolio securities of the Fund;

(11) Purchase or retain securities of other open-end investment
companies, except when such purchases are part of a merger,
consolidation, reorganization or assets acquisition;

(12) Acquire real estate but it may lease office space for its own use
and invest in (1) readily marketable interests of real estate or
real estate limited partnership interests, investment trusts or
readily marketable securities of issuers (other than real estate
limited partnerships) whose business involves the purchase of real
estate; and (2) securities secured by real estate or interests
therein; or

(13) With respect to 75% of its total assets, (i) invest more than 5%
of its total assets in securities of any one issuer, excluding
securities issued or guaranteed by the United States government or
by its agencies and instrumentalities and options or (ii) purchase
more than 10% of the voting securities of any class of any issuer.

For the purpose of investment restrictions (1), (2) and (5), the
arrangements (including escrow, margin and collateral arrangements) made by any
such Fund with respect to its transactions in currency options, options on
securities and forward foreign currency exchange contracts shall not be
considered to be (i) a borrowing of money or the issuance of securities
(including senior securities) by that Fund, (ii) a pledge of its assets, (iii)
the purchase of a security on margin or (iv) a short sale or position.

(The following fundamental investment restrictions apply only to Australasia,
Britain, Ireland, Mexico, United States, Global and International.)

(2) Pledge, mortgage or hypothecate its assets to an extent greater
than 1/3 of the total assets of the Fund taken at market;

(3) Buy or sell commodities, or commodity contracts (except that the
Fund may purchase or sell currencies and put and call options on
securities, indices or currencies and enter into forward foreign
currency exchange contracts), unless acquired as a result of
ownership of securities;

(4) Purchase any securities which would cause more than 25% of the
market value of its total assets at the time of such purchase to
be invested in the securities of issuers having their principal
business activities in the same industry, provided that there is
no limitation in respect to investments in obligations issued or
guaranteed by the U.S.
Government or its agencies or instrumentalities;

(5) Underwrite securities issued by other persons except to the extent
that the purchase of securities in accordance with a Fund's
investment objectives and policies directly from the issuer
thereof and the later disposition thereof may be deemed to be
underwriting;

(6) Make loans, except (i) through the loan of a portfolio security,
(ii) by entering into repurchase agreements and (iii) to the
extent that the purchase of debt instruments, if any, in
accordance with the Fund's investment objective and policies may
be deemed to be loans;
<PAGE>

(7) Purchase or sell real estate, except that a Fund may (i) acquire
or lease office space for its own use, (ii) invest in securities
of issuers that invest in real estate or interests therein, (iii)
invest in securities that are secured by real estate or interests
therein, (iv) purchase and sell mortgage-related securities and
(v) hold and sell real estate acquired by a Fund as a result of
the ownership of securities; or

(8) With respect to 75% of its total assets, (i) invest more than 5%
of its total assets in securities of any one issuer, excluding
securities issued or guaranteed by the U.S. Government or by its
agencies and instrumentalities and options thereon or (ii)
purchase more than 10% of the voting securities of any class of
any issuer.

For the purpose of fundamental investment restrictions (1) and (2) above
and nonfundamental investment restriction (h) below, the arrangements (including
escrow, margin and collateral arrangements) made by a Fund with respect to its
transactions in currency options, options on securities and forward foreign
currency exchange contracts shall not be considered to be (i) a borrowing of
money or the issuance of securities (including senior securities) by that Fund,
(ii) a pledge of its assets, (iii) the purchase of a security on margin or (iv)
a short sale or position.

The following are nonfundamental policies of each Fund which may be changed
by the Trustees without shareholder approval. The Funds have no current
intention of borrowing for leverage purposes, making securities loans or
engaging in short sales. Prior to engaging in such activities, the Funds'
Prospectus will be amended to disclose the intention to do so. No Fund will:

(a) Purchase oil, gas or other mineral leases or purchase partnership
interests in oil, gas or other mineral exploration or development
programs;

(b) Invest more than 5% of its total assets in the securities of
issuers which, together with their predecessors, have a record of
less than three years' continuous operation;

(c) Purchase securities issued by any other investment company, except
by purchase in the open market where no commission or profit to
sponsor or dealer results from such purchase, other than the
customary broker's commission, or except where such purchase,
although not made on the open market, is part of a plan of merger
or consolidation. Subject to the preceding sentence, a Fund may
invest in other investment companies to the full extent allowed by
the 1940 Act. Under the 1940 Act, a Fund may not acquire more than
3% of the outstanding voting securities of another investment
company, invest more than 5% of its assets in any single
investment company or invest more than 10% of its assets in other
investment companies as a group;

(d) Enter into an agreement to purchase securities while its
borrowings exceed 5% of its total assets;

(e) Invest (1) more than 15% of its net assets in illiquid
investments, including repurchase agreements maturing in more than
seven days, securities that are not readily marketable and
restricted securities not eligible for resale pursuant to Rule
144A under the Securities Act of 1933 (the "1933 Act"); (2) more
than 10% of its net assets in restricted securities, excluding
securities eligible for resale pursuant to Rule 144A or foreign
securities which are offered or sold outside the United States in
accordance with Regulation S under the 1933 Act; or (3) more than
15% of its net assets in restricted securities (including those
eligible for resale under Rule 144A);

(f) Invest more than 10% of its total assets in shares of real estate
investment trusts that are not readily marketable or invest in
real estate limited partnerships;
<PAGE>

(In addition, the following nonfundamental investment restrictions apply only to
Australasia, Britain, Ireland, Mexico, United States, Global and International.)

(g) Purchase or retain securities of any issuer if 5% or more of the
issuer's securities are owned by those officers and Trustees of
the Trust or its investment adviser or administrator who own
individually more than 1/2 of 1% of the issuer's securities;

(h) Purchase securities on margin or make short sales except sales
against the box or purchase warrants; or

(i) Purchase from or sell to any of its Trustees or officers, its
investment adviser, its administrator, its principal underwriter,
if any, or the officers or directors of said investment adviser,
administrator, and principal underwriter, portfolio securities of
the Fund.

Officers and Trustees

The officers and Trustees of the Trust are listed below. Except as
indicated, each individual has held the office shown or other offices in the
same company for the last five years. Those Trustees who are "interested
persons" (as defined in the 1940 Act) of the Trust, Wright, The Winthrop
Corporation ("Winthrop"), Eaton Vance, Eaton Vance's wholly owned subsidiary,
Boston Management and Research ("BMR"), Eaton Vance's parent, Eaton Vance Corp.
("EVC") or of Eaton Vance's trustee, Eaton Vance, Inc. ("EV") by virtue of their
affiliation with either the Funds, Wright, Eaton Vance, BMR, EVC, or EV, are
indicated by an asterisk (*).

PETER M. DONOVAN (53), President and Trustee*
President and Director of Wright and Winthrop; Vice President, Treasurer and a
Director of Wright Investors' Service Distributors, Inc.
Address: 1000 Lafayette Boulevard, Bridgeport, CT 06604

H. DAY BRIGHAM, Jr. (69), Vice President, Secretary and Trustee*
Vice President of Eaton Vance, EVC, BMR and EV and a Director of EVC and EV;
Director, Trustee and officer of various investment companies managed by Eaton
Vance or BMR.
Address: 24 Federal Street, Boston, MA 02110

A.M. MOODY III (59), Vice President & Trustee*
Senior Vice President, Wright and Winthrop; President, Wright Investors' Service
Distributors, Inc.
Address: 1000 Lafayette Boulevard, Bridgeport, CT 06604

WINTHROP S. EMMET (85), Trustee
Retired New York City Attorney at Law; Trust Officer, First National City Bank,
New York, NY (1963-1971).
Address: Box 327, West Center Road, West Stockbridge, MA 01266

LELAND MILES (72), Trustee
President Emeritus, University of Bridgeport (1987-present); President,
University of Bridgeport (1974-1987); Director, United Illuminating Company.
Address: Tide Mill Landing, 2425 Post Road, Suite 102, Southport, CT 06490

LLOYD F. PIERCE (77), Trustee
Retired Vice Chairman (prior to 1984 -President), People's Bank, Bridgeport, CT;
Member, Board of Trustees, People's Bank, Bridgeport, CT; Board of Directors,
Southern Connecticut Gas Company; Chairman, Board of Directors, COSINE.
Address: 125 Gull Circle North, Daytona Beach, FL 32119
<PAGE>

GEORGE R. PREFER (61), Trustee
Retired President and Chief Executive Officer, Muller Data Corp., New York, NY
(President 1983-1986, 1989-1990); President and Chief Executive Officer,
InvestData Corp., A Mellon Financial Services Company (1986-1989).
Address: 7738 Silver Bell Drive, Sarasota, FL 34241

RAYMOND VAN HOUTTE (71), Trustee
President Emeritus and Counselor of The Tompkins County Trust Co., Ithaca,
NY (since January 1989); President and Chief Executive Officer, The Tompkins
County Trust Company (1973-1988); President, New York State Bankers Association
(1987-1988); Director, McGraw Housing Company, Inc., Deanco, Inc., Evaporated
Metal Products and Ithaco, Inc.
Address: One Strawberry Lane, Ithaca, NY 14850

JUDITH R. CORCHARD (57), Vice President
Executive Vice President, Senior Investment Officer, Vice Chairman of the
Investment Committee and Director of Wright and Winthrop.
Address: 1000 Lafayette Boulevard, Bridgeport, CT 06604

JAMES L. O'CONNOR (51), Treasurer
Vice President, Eaton Vance, BMR and EV. Officer of various investment companies
managed by Eaton Vance or BMR.
Address: 24 Federal Street, Boston, MA 02110

JANET E. SANDERS (60), Assistant Treasurer and Assistant Secretary
Vice President of Eaton Vance, BMR and EV. Officer of various investment
companies managed by Eaton Vance or BMR.
Address: 24 Federal Street, Boston, MA 02110

A. JOHN MURPHY (33), Assistant Secretary
Assistant Vice President of Eaton Vance, BMR and EV since March 1, 1994;
employee of Eaton Vance since March 1993. State Regulations Supervisor, The
Boston Company (1991-1993) and Registration Specialist, Fidelity Management &
Research Co. (1986-1991). Officer of various investment companies managed by
Eaton Vance or BMR. Mr. Murphy was elected Assistant Secretary of the Trust on
June 21, 1995.
Address: 24 Federal Street, Boston, MA 02110

ERIC G. WOODBURY (38), Assistant Secretary
Vice President of Eaton Vance, BMR and EV since February 1993; formerly,
associate attorney at Dechert, Price & Rhoads and Gaston & Snow. Officer of
various investment companies managed by Eaton Vance or BMR. Mr. Woodbury was
elected Assistant Secretary of the Trust on June 21, 1995.
Address: 24 Federal Street, Boston, MA 02110

WILLIAM J. AUSTIN, JR. (44), Assistant Treasurer
Assistant Vice President of Eaton Vance, BMR and EV. Officer of various
investment companies managed by Eaton Vance or BMR. Mr. Austin was elected
Assistant Treasurer of the Trust on December 18, 1991.
Address: 24 Federal Street, Boston, MA 02110

All of the Trustees and officers hold identical positions with The Wright
Managed Income Trust, The Wright Managed Equity Trust and The Wright Managed
Blue Chip Series Trust (except Mr. Miles). The fees and expenses of those
Trustees (Messrs. Miles, Emmet, Pierce, Prefer and Van Houtte) who are not
"interested persons" of the Trust are paid by the Funds and the other series of
the Trust. They also received additional payments from other investment
companies for which Wright provides investment advisory services. The Trustees
who are "interested persons" of the Trust receive no compensation from the
Trust. The Trust does not have a retirement plan for its Trustees. For Trustee
compensation for the fiscal year ended December 31, 1995, see the following
table.
<PAGE>

COMPENSATION TABLE -- FISCAL YEAR ENDED DECEMBER 31, 1995
Registrant -- The Wright EquiFund Equity Trust
Registered Investment Companies -- 17
<TABLE>

Aggregate Compensation Pension Estimated Total
From The Wright Benefits Annual Compensation
Trustees EquiFund Equity Trust Accrued Benefits Paid(1)
- --------- ---------------------- -------- --------- -------------
<S> <C> <C> <C> <C>

Winthrop S. Emmet $1,250 None None $5,000
Leland Miles $1,250 None None $4,750
Lloyd F. Pierce $1,250 None None $5,000
George R. Prefer $1,250 None None $5,000
Raymond Van Houtte $1,250 None None $5,000
</TABLE>

(1) Total compensation paid is from the The Wright EquiFund Equity Trust
(17 Funds) and the other boards in the Wright Fund complex (16 Funds) for a
total of 33 Funds.

Messrs. Miles, Emmet, Pierce, Prefer and Van Houtte are members of the
Special Nominating Committee of the Trustees of the Trust. The Special
Nominating Committee's function is selecting and nominating individuals to fill
vacancies, as and when they occur, in the ranks of those Trustees who are not
"interested persons" of the Trust, Eaton Vance or Wright. The Trust does not
have a designated audit committee, since the full board performs the functions
of such committee.

Control Persons and Principal Holders of Shares

As of January 31, 1996, the Trustees and officers of the Trust, as a group,
owned in the aggregate less than 1% of the outstanding shares of any Fund that
was then offering its shares to the public. The Funds' shares are held primarily
by trust departments of depository institutions and trust companies either for
their own account or for the account of their clients. From time to time,
several of these trust departments may be the record owners of 5% or more of the
outstanding shares of a particular Fund.

As of January 31, 1996, the following shareholders were record holders of
the following percentages of the outstanding shares of the Funds that were then
offering shares to the public:
<TABLE>

PERCENT OF OUTSTANDING SHARES OWNED
Belgium/ Ger- Hong Nether- Switzer-
NAME AND ADDRESS Luxembourg Britain many Kong Japan Mexico lands Nordic land
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>

Eternity Limited III 13.6%
c/o Unity NV
P.O. Box 594004
Miami, FL 33159
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Resources Trust Co. 94.6% 97.5% 97.3% 55.0% 53.1% 6.1% 70.1% 69.7% 81.7%
P.O. Box 3865
Englewood, CO 80155
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Charles Schwab & Co. Inc. 13.7% 31.1% 43.6% 13.3% 17.5% 7.6%
Attn: Mutual Funds
101 Montgomery St.
San Francisco, CA 94104
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</TABLE>

<PAGE>

Investment Advisory and Administrative Services

The Funds have engaged Winthrop to act as their investment adviser pursuant
to Investment Advisory Contracts (the "Investment Advisory Contracts"). Pursuant
to a service agreement effective February 1, 1996 between Winthrop and
Wright, Wright, acting under the general supervision of the Trust's Trustees,
furnishes each Fund with investment advice and management services, as described
below. Winthrop supervises Wright's performance of this function and retains its
contractual obligations under its Investment Advisory Contract with each Fund.
The address of both Winthrop and Wright is 1000 Lafayette Boulevard, Bridgeport,
Connecticut. Winthrop was founded in 1960. Wright, its successor and
wholly-owned subsidiary, currently provides investment services to clients
throughout the United States and abroad. John Winthrop Wright may be considered
a controlling person of Winthrop and Wright by virtue of his positions as
Chairman of the Board of Directors of Winthrop and Wright, and by reason of his
ownership of more than a majority of the outstanding shares of Winthrop.

Pursuant to the Investment Advisory Contracts, Wright will carry out the
investment and reinvestment of the assets of the Funds, will furnish
continuously an investment program with respect to the Funds, will determine
which securities should be purchased, sold or exchanged, and will implement such
determinations. Wright will furnish to the Funds investment advice and
management services, office space, equipment and clerical personnel, and
investment advisory, statistical and research facilities. In addition, Wright
has arranged for certain members of the Eaton Vance and Wright organizations to
serve without salary as officers or Trustees of the Trust. In return for these
services, each Fund is obligated to pay a monthly advisory fee calculated at the
rates set forth in the Funds' current Prospectus. Effective February 1, 1996,
Winthrop will cause the Funds to pay to Wright the entire amount of the advisory
fee payable by each Fund under its Investment Advisory Contract with Winthrop.

It should be noted that, in addition to compensating Wright for its
advisory services to the Funds, the advisory fee is intended to partially
compensate Wright for the maintenance of the Indices which form the basis for
the selection of securities for the Funds. Other mutual funds and accounts
advised by Wright Investors' Service may use the Indices as may other entities
not affiliated with Wright.

Prior to January 20, 1994 for the Belgium/Luxembourg, Japan, Nordic and
Switzerland Funds and prior to August 25, 1994 for the Hong Kong and Netherlands
Funds under the Funds' prior investment advisory contracts, each Fund was
required to pay Winthrop a monthly advisory fee calculated at the following
annual rates: 0.50% of average daily net assets under $500 million; 0.48% of
average daily net assets of $500 million and under $1 billion; and 0.43% of
average daily net assets of $1 billion and over.

The following table sets forth the net assets of each Fund that was
offering its shares as at December 31, 1995 and the advisory fee earned from
each such Fund during the fiscal years ended December 31, 1995, 1994 and 1993.
As noted above, the previous investment advisory contract for such Funds
provided for a fee calculated at a lower rate than is currently applicable to
such Funds. At December 31, 1995, the Australasia, Austria, Canada, France,
Ireland, United States, Global and International Funds had not commenced
operations.
<PAGE>
<TABLE>

Aggregate Fee Earned for Fee Earned for Fee Earned for
FUNDS Net Assets at 12/31/95 Fiscal Year Ended 12/31/95 Fiscal Year Ended 12/31/94 Fiscal Year Ended 12/31/93
- ------ --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>

Belgium/Luxembourg(1) $14,752,875 $103,043 $55,703 --
Britain(2) 13,932,026 83,324 -- --
Germany(3) 16,418,960 82,313 -- --
Hong Kong 25,399,331 241,428 142,606 $33,901
Japan(4) 21,630,983 120,678 50,253 --
Mexico(5) 32,493,042 167,535 63,619 --
Netherlands 7,217,537 49,092(b) 39,105 17,885(a)
Nordic(4) 3,504,305 27,207(c) 50,321 --
Switzerland(4) 7,628,255 52,298 37,757 --
</TABLE>

(1): Start of business, February 15, 1994; (2) Start of business, April 20,
1995; (3): Start of business, April 19, 1995; (4) Start of business, February
14, 1994; (5): Start of business, August 2, 1994; (a): To enhance the net income
of the Netherlands Fund, Winthrop made a reduction of its fee in the amount of
$16,439; (b) To enhance the net income of the Netherlands Fund, Winthrop made a
reduction of its fee in the amount of $2,868; (c): To enhance the net income of
the Nordic Fund, Winthrop made a reduction of its fee in the amount of $17,776
and was allocated $13,004 of expenses related to the operation of the Fund.

The Trust has engaged Eaton Vance to act as the administrator for each Fund
pursuant to an Administration Agreement. Eaton Vance and its affiliates act as
investment adviser to investment companies and various individual and
institutional clients with assets under management of approximately $16 billion.
Eaton Vance is a wholly owned subsidiary of EVC, a publicly held holding
company.

Under the Administration Agreement, Eaton Vance is responsible for managing
the business affairs of each Fund, subject to the supervision of the Trust's
Trustees. Eaton Vance's services include recordkeeping, preparation and filing
of documents required to comply with federal and state securities laws,
supervising the activities of the Funds' custodian and transfer agent, providing
assistance in connection with the Trustees' and shareholders' meetings and other
administrative services necessary to conduct each Fund's business. Eaton Vance
will not provide any investment management or advisory services to the Funds.
For its services under the Administration Agreement, Eaton Vance is entitled to
receive a monthly administration fee from each Fund at the annual rates set
forth in the Funds' current Prospectus.

The following table sets forth the administration fees earned (and
applicable reductions) from each Fund that was offering its shares at December
31, 1995 for the fiscal years ended December 31, 1995, 1994 and 1993.

<TABLE>
Fee Earned for the Fee Earned for the Fee Earned for the
FUNDS Fiscal Year Ended 12/31/95 Fiscal Year Ended 12/31/94 Fiscal Year Ended 12/31/93
- ------ --------------------------------------------------------------------------------------------
<S> <C> <C> <C>

Belgium/Luxembourg(1) $13,739 $ 7,427 --
Britain(2) 11,110 -- --
Germany(3) 10,975 -- --
Hong Kong 32,190 23,531 $ 6,780
Japan(4) 16,090 6,700 --
Mexico(5) 22,338 8,483 --
Netherlands 6,544 7,215 3,577
Nordic(4) 3,628 6,709 --
Switzerland(4) 6,973 5,034 --
</TABLE>

(1) Start of business, February 15, 1994; (2): Start of business, April 20,
1995; (3) Start of business, April 19, 1995; (4): Start of business, February
14, 1994; (5): Start of business, August 2, 1994.

Eaton Vance and EV are both wholly owned subsidiaries of EVC. BMR is a
wholly-owned subsidiary of Eaton Vance. Eaton Vance and BMR are both
Massachusetts business trusts, and EV is the trustee of Eaton Vance and BMR. The
Directors of EV are H. Day Brigham, Jr., Landon T. Clay, M. Dozier Gardner,
James B. Hawkes and Benjamin A. Rowland, Jr. The Directors of EVC consist of the
same persons and John G. L. Cabot and Ralph Z. Sorenson. Mr. Clay is chairman
and Mr. Gardner is president and chief executive officer of EVC, Eaton Vance,
BMR and EV. All of the issued and outstanding shares of Eaton Vance and EV are
owned by EVC. All of the issued and outstanding shares of BMR are owned by Eaton
Vance. All shares of the outstanding Voting Common Stock of EVC are deposited in
a Voting

<PAGE>

Trust which expires on December 31, 1996, the Voting Trustees of which are
Messrs. Brigham, Clay, Gardner, Hawkes and Rowland. The Voting Trustees have
unrestricted voting rights for the election of Directors of EVC. All of the
outstanding voting trust receipts issued under said Voting Trust are owned by
certain of the officers of Eaton Vance and BMR who are also officers and
Directors of EVC and EV. As of January 31, 1996, Messrs. Clay, Gardner and
Hawkes each owned 24% of such voting trust receipts, and Messrs. Rowland and
Brigham owned 15% and 13%, respectively, of such voting trust receipts. Mr.
Brigham is an officer and Trustee of the Trust, and a member of the Eaton Vance,
EVC, BMR and EV organizations. Messrs. Austin, Murphy, O'Connor and Woodbury and
Ms. Sanders, who are officers of the Trust, are also members of the Eaton Vance,
BMR and EV organizations. Eaton Vance will receive the fees paid under the
Administration Agreement.

EVC owns all of the stock of Energex Energy Corporation, which engages in
oil and gas operations. In addition, Eaton Vance owns all the stock of Northeast
Properties, Inc., which is engaged in real estate investment, consulting and
management. EVC owns all the stock of Fulcrum Management, Inc. and MinVen, Inc.,
which are engaged in the development of precious metal properties. EVC, Eaton
Vance, BMR and EV may also enter into other businesses.

Each Fund will be responsible for all expenses relating to its operations
and not designated as expenses of Wright under the Investment Advisory Contracts
or of Eaton Vance under the Administration Agreement, including, without
limitation, the fees and expenses of its custodian and transfer agent, including
those incurred for determining each Fund's net asset value and keeping each
Fund's books; the cost of share certificates; membership dues in investment
company organizations; brokerage commissions and fees; fees and expenses of
registering its shares; expenses of reports to shareholders, proxy statements
and other expenses of shareholders' meetings; insurance premiums; printing and
mailing expenses; interest, taxes and corporate fees; legal and accounting
expenses; expenses of Trustees not affiliated with Eaton Vance or Wright;
distribution expenses incurred pursuant to the Trust's distribution plan; and
investment advisory and administration fees. Each Fund will also bear expenses
incurred in connection with litigation in which the Trust is a party and the
legal obligation the Trust may have to indemnify its officers and Trustees with
respect thereto.

The Investment Advisory Contracts of all the Funds and the Administration
Agreement of all the Funds will remain in effect until February 28, 1997. The
Funds' Investment Advisory Contracts may be continued with respect to each Fund
from year to year thereafter so long as such continuance after February 28,
1997, as the case may be, is approved at least annually (i) by the vote of a
majority of the Trustees who are not "interested persons" of the Trust, Eaton
Vance or Wright cast in person at a meeting specifically called for the purpose
of voting on such approval and (ii) by the Board of Trustees of the Trust or by
vote of a majority of the shareholders of that Fund. The Investment Advisory
Contracts and Administration Agreement may be terminated as to a Fund at any
time without penalty on sixty (60) days' written notice by the Board of Trustees
or Directors of either party, or by vote of the majority of the outstanding
shares of that Fund, and each agreement will terminate automatically in the
event of its assignment. Each agreement provides that, in the absence of willful
misfeasance, bad faith, gross negligence or reckless disregard of its
obligations or duties to the Trust under such agreement on the part of Eaton
Vance or Wright. Eaton Vance or Wright will not be liable to the Trust for any
loss incurred. The Funds' Investment Advisory Contracts and Administration
Agreement were most recently approved by the Trustees, including the
"non-interested" Trustees, at a meeting held on January 24, 1996.

Custodian

Investors Bank & Trust Company ("IBT"), 89 South Street, Boston,
Massachusetts, acts as custodian for the Funds. IBT has the custody of all cash
and securities of the Funds, maintains the Funds' general ledgers and computes
the daily net asset value per share. In such capacity it attends to details in
connection with the sale, exchange, substitution, transfer or other dealings
with the Funds' investments, receives and disburses all funds and performs
various other ministerial duties upon receipt of proper

<PAGE>

instructions from the Funds. IBT charges custody fees which are competitive
within the industry. A portion of the custody fee for each fund managed by
Wright for which IBT serves as custodian is based upon a schedule of percentages
applied to the aggregate assets of those funds, the fees so determined being
then allocated among such funds relative to their size. In addition, each fund
pays to IBT a fee based on the number of portfolio transactions, a fee based on
the number of portfolio holdings, and a fee for bookkeeping and valuation
services. These fees are then reduced by a credit for cash balances of the
particular fund at IBT equal to 75% of the average 91-day, U.S. Treasury Bill
auction rate for the billing period applied to the particular fund's average
daily collected balances for the period.

The Funds will employ foreign sub-custodians, the selection of which are
subject to annual review and approval by the Trustees in accordance with Rule
17f-5 under the 1940 Act.

Independent Certified Public Accountants

Deloitte & Touche LLP, 125 Summer Street, Boston, Massachusetts, are the
Trust's independent certified public accountants, providing audit services, tax
return preparation, and assistance and consultation with respect to the
preparation of filings with the Securities and Exchange Commission and
preparation of the Funds' federal and state tax returns.

Brokerage Allocation

Purchases and sales of securities on a securities exchange are effected by
brokers, and the Funds pay a brokerage commission for this service. In
transactions on stock exchanges in the United States, these commissions are
negotiated, whereas on many foreign stock exchanges the commissions are fixed.
In the over-the-counter market, securities are normally traded on a "net" basis
with dealers acting as principal for their own accounts without a stated
commission, although the price of the securities usually includes a profit to
the dealer. In underwritten offerings, securities are purchased at a fixed price
which includes an amount of compensation to the underwriter, generally referred
to as the underwriter's concession or discount. On occasion, certain money
market instruments may be purchased directly from an issuer, in which case no
commissions or discounts are paid.

Wright places the portfolio security transactions for each Fund, which in
some cases may be effected in block transactions which include other accounts
managed by Wright. Wright provides similar services directly for bank trust
departments and other clients. Wright seeks to execute portfolio security
transactions on the most favorable terms and in the most effective manner
possible. In seeking best execution, Wright will use its best judgment in
evaluating the terms of a transaction, and will give consideration to various
relevant factors, including without limitation the size and type of the
transaction, the nature and character of the markets for the security, the
confidentiality, speed and certainty of effective execution required for the
transaction, the reputation, experience and financial condition of the
broker-dealer and the value and quality of service rendered by the broker-dealer
in other transactions, and the reasonableness of the brokerage commission or
markup, if any.

It is expected that on frequent occasions there will be many broker-dealer
firms which will meet the foregoing criteria for a particular transaction. In
selecting among such firms, the Funds may give consideration to those firms
which supply brokerage and research services, quotations and statistical and
other information to Wright for their use in servicing their accounts. Such
brokers may include firms which purchase investment services from Wright. The
term "brokerage and research services" includes advice as to the value of
securities, the advisability of investing in, purchasing or selling securities,
and the availability of securities or purchasers or sellers of securities;
furnishing analyses and reports concerning issuers, industries, securities,
economic factors and trends, portfolio strategy and the performance of accounts;
and effecting securities transactions and performing functions incidental
thereto (such as clearance and settlement). Such services and information may be
useful and of value to Wright in

<PAGE>

servicing advisory clients other than the Fund which paid the brokerage
commissions and the other Funds. The services and information furnished by a
particular firm may not necessarily be used in connection with the Funds or the
Fund which paid brokerage commissions to such firm. The advisory fee paid by the
Funds to Wright is not reduced as a consequence of Wright's receipt of such
services and information. While such services and information are not expected
to reduce Wright's normal research activities and expenses, Wright would,
through use of such services and information, avoid the additional expenses
which would be incurred if Wright should attempt to develop comparable services
and information through its own staff.

Subject to the requirement that Wright shall use its best efforts to seek
to execute each Fund's portfolio security transactions at advantageous prices
and at reasonably competitive commission rates, Wright, as indicated above, is
authorized to consider as a factor in the selection of any broker-dealer firm
with whom a Fund's portfolio orders may be placed the fact that such firm has
sold or is selling shares of the Funds or of other investment companies
sponsored by Wright. This policy is consistent with a rule of the National
Association of Securities Dealers, Inc., which rule provides that no firm which
is a member of the Association shall favor or disfavor the distribution of
shares of any particular investment company or group of investment companies on
the basis of brokerage commissions received or expected by such firm from any
source.

Under the Funds' Investment Advisory Contracts, Wright has the authority to
pay commissions on portfolio transactions for brokerage and research services
exceeding that which other brokers or dealers might charge provided certain
conditions are met.

The Funds' Investment Advisory Contracts expressly recognize the practices
which are provided for in Section 28(e) of the Securities Exchange Act of 1934
by authorizing the selection of a broker or dealer which charges a Fund a
commission which is in excess of the amount of commission another broker or
dealer would have charged for effecting that transaction if it is determined in
good faith that such commission was reasonable in relation to the value of the
brokerage and research services which have been provided.

If purchases or sales of securities of the Funds and one or more other
investment companies or clients supervised by Wright are considered at or about
the same time, transactions in such securities will be allocated among the
several investment companies and clients in a manner deemed equitable to all by
Wright, taking into account the respective sizes of the Funds, and the amount of
securities to be purchased or sold. It is recognized that it is possible that in
some cases this procedure could have a detrimental effect on the price or volume
of the security so far as the Funds are concerned. However, in other cases it is
possible that the ability to participate in volume transactions and to negotiate
lower brokerage commissions will be beneficial to the Funds.

During the fiscal years ended December 31, 1995, 1994 and 1993, the Funds
that were offering their shares during such periods paid the following amounts
on brokerage commissions:
<TABLE>

1995 1994 1993
-----------------------------------
<S> <C> <C> <C>

Belgium/Luxembourg(1)....................... $ 65,469 $ 50,547 --
Britain(2).................................. 130,965 -- --
Germany(3).................................. 77,270 -- --
Hong Kong .................................. 366,376 403,603 $104,578
Japan(4).................................... 270,491 89,821 --
Mexico(5)................................... 112,927 82,118 --
Netherlands................................. 57,747 54,183 39,612
Nordic(4)................................... 51,359 49,398 --
Switzerland(4).............................. 66,894 42,474 --
</TABLE>

Fund Shares and Other Securities

The shares of beneficial interest of the Trust have no par value and may be
issued in two or more series, or Funds. The Trust currently has seventeen series
designated as listed on page 3 of this Statement of Additional Information. The
Trustees are empowered by the Declaration of Trust and By-Laws to create
additional series. Shares of each series may be issued in an unlimited number by
the Trust's Trustees. Each share of a series represents an equal proportionate
beneficial interest in that series and, when issued and outstanding, the shares
are fully paid and non-assessable by the relevant series.

Shareholders are entitled to one vote for each full share held. Fractional
shares may be voted in proportion to the amount of a series' net asset value
which they represent. Voting rights are not cumulative, which means that the
holders of more than 50% of the shares voting for the election of Trustees can
elect 100% of the Trustees and, in such event, the holders of the remaining
shares voting on the matter will not be able to elect any Trustees. Shares have
no preemptive or conversion rights and are freely transferable. Upon liquidation
of a series, shareholders of that series are entitled to share pro rata in the
net assets of the affected series available for distribution to shareholders.

Purchase, Exchange and Redemption and Pricing of Shares

For information regarding the purchase of shares, see "How to Buy Shares"
in the Funds' current Prospectus.

For information about exchanges between Funds, see "How to Exchange Shares"
in the Funds' current Prospectus.

For information about the redemption of shares, see "How to Redeem or Sell
Shares" in the Funds' current Prospectus.

For a description of how the Funds value their shares, see "How the Funds
Value their Shares" in the Funds' current Prospectus.

Principal Underwriter

The Trust has adopted a Distribution Plan (the "Plan") on behalf of the
Funds in accordance with Rule 12b-1 under the 1940 Act and Article III, Section
26 of the Rules of Fair Practice of the National Association of Securities
Dealers, Inc. (the "NASD").

The Trust has entered into a distribution contract on behalf of the Funds
with its Principal Underwriter, Wright Investors' Service Distributors, Inc.
("WISDI"), a wholly-owned subsidiary of Winthrop, providing for WISDI to act as
a separate distributor of each Fund's shares.

Under this contract and the Plan, it is currently intended that each Fund
will pay to WISDI for distribution services and personal and account maintenance
services in connection with the Fund's shares an annual fee equal to .25% of
such Fund's average daily net assets. Appropriate adjustments to payments made
pursuant to the Plan shall be made whenever necessary to assure that no payment
is made by a Fund which exceeds the applicable maximum cap imposed on
asset-based, front-end and deferred sales charges by Section 26(d) of Article
III of the Rules of Fair Practice of the NASD.

Under the Plan, the President or Vice President of the Trust shall provide
to the Trustees for their review, and the Trustees shall review at least
quarterly, a written report of the amounts expended under the Plan and the
purposes for which such expenditures were made.

Under its terms, the Plan remains in effect from year to year, provided
such continuance is approved annually by a vote of its Trustees, including a
majority of the Trustees who are not interested persons of the Trust and who
have no direct or indirect financial interest in the operation of the Plan. The
Plan may not be amended to increase materially the amount to be spent for the
services described therein as to a Fund without approval of a majority of the
outstanding voting securities of that Fund and all material amendments of the
Plan must also be approved by the Trustees of the Trust in the manner described
above. The Plan may be terminated at any time as to a Fund without payment of
any penalty by a vote of a majority of the Trustees of the Trust who are not
interested persons of the Trust and who have no direct or indirect financial
interest in the operation of the Plan or by vote of a majority of the
outstanding voting securities of that Fund. So long as the Plan is in effect,
the selection and nomination of Trustees who are not interested persons of the
Trust shall be committed to the discretion of the Trustees who are not such
interested persons. The Trustees of the Trust have determined that in their
judgment there is a reasonable likelihood that the Plan will benefit the Funds
and their shareholders.

The following table shows the fee payable to WISDI under the Plans and the
amount of such fee actually paid by each Fund that was then offering its shares
for the fiscal year ended December 31, 1995.
<TABLE>

Distribution Expenses Distribution Expenses
Distribution Reduced by Distribution Paid as a % of
Expenses the Principal Expenses Fund's Average
FUNDS Allowable Underwriter Paid by Fund Net Asset Value
- ----- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>

Belgium/Luxembourg $34,348 -- $34,348 0.25%
Britain(1) 27,775 -- 27,775 0.25%
Germany(2) 27,438 -- 27,438 0.25%
Hong Kong 80,476 -- 80,476 0.25%
Japan 40,226 -- 40,226 0.25%
Mexico 55,845 -- 55,845 0.25%
Netherlands 16,361 $ 9,853 6,508 0.10%
Nordic 9,069 5,925 3,144 0.10%
Switzerland 17,432 9,347 8,085 0.12%
</TABLE>

(1) Start of business, April 20, 1995; (2) Start of business, April 19, 1995.
<PAGE>

For the fiscal year ended December 31, 1995, it is estimated that WISDI
spent approximately the following amounts on behalf of the Wright Funds that
were offering their shares during such fiscal year.

Wright Investors' Service Distributors, Inc.
Financial Summaries for the Year 1995
<TABLE>

Printing Travel Commisions Admin-
& Mailing and and istration
FUNDS Promotional Prospectuses Entertainment Service Fees and Other TOTAL
- ----- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>

Belgium/Luxembourg $ 1,284 $ 3,435 $ 1,717 $ 26,194 $ 1,717 $34,348
Britain(1) 1,038 2,778 1,389 21,182 1,389 27,775
Germany(2) 1,026 2,744 1,372 20,925 1,372 27,438
Hong Kong 3,008 8,048 4,024 61,372 4,024 80,476
Japan 1,504 4,023 2,011 30,677 2,011 40,226
Mexico 2,088 5,585 2,792 42,588 2,792 55,845
Netherlands 243 651 325 4,963 325 6,508
Nordic 118 314 157 2,398 157 3,144
Switzerland 302 809 404 6,166 404 8,085
</TABLE>

(1): Start of business, April 20, 1995; (2) Start of business, April 19, 1995.

Performance Information

The average annual total return of each Fund is determined for a specified
period by calculating the actual dollar amount of investment return on a $1,000
investment in the Fund made at the maximum public offering price (net asset
value) at the beginning of the period, and then calculating the annual
compounded rate of return which would produce that amount. Total return for a
period of one year is equal to the actual return of the Fund during that period.
This calculation assumes that all dividends and distributions are reinvested at
net asset value on the reinvestment dates during the period.

The average annual total return will be calculated using the following
formula:
n
P (1 + T) = ERV

where: P = A hypothetical initial payment of $1,000
T = Average annual total return
n = Number of years
ERV = Ending redeemable value of a hypothetical $1,000 payment at
the end of the period.

Each Fund's yield is computed by dividing its net investment income per
share earned during a recent thirty-day period by the product of the average
daily number of shares outstanding and entitled to receive dividends during the
period and the maximum offering price (net asset value) per share on the last
day of the period. The results are compounded on a bond equivalent (semi-annual)
basis and then they are annualized. Net investment income per share is equal to
the Fund's dividends and interest earned during the period, reduced by accrued
expenses for the period.

The yield earned by each Fund will be calculated using the following
formula:

YIELD = 2 [ ( a-b + 1)6 - 1 ]
---
cd

where: a = Dividends and interest earned during the period
b = Expenses accrued for the period (after reductions)
c = The average daily number of shares outstanding during the
period that were entitled to receive dividends
d = The maximum offering price (net asset value) per share on the
last day of the period.
<PAGE>

A Fund's yield or total return may be compared to the Consumer Price Index
and various domestic or foreign securities indices. A Fund's yield or total
return and comparisons with these indices may be used in advertisements and in
information furnished to present or prospective shareholders.

From time to time, evaluations of a Fund's performance made by independent
sources may be used in advertisements and in information furnished to present or
prospective shareholders. These may include rankings prepared by Lipper
Analytical Services, Inc., an independent service which monitors the performance
of mutual funds. The Lipper performance analysis reflects the reinvestment of
dividends and capital gain distributions but does not take sales charges into
consideration and is prepared without regard to tax consequences.

The following table shows the average annual total return for the one year,
three year, five year and life of Fund (as applicable) for the periods ended
December 31, 1995:
<TABLE>
Inception
FUNDS One Year Three Years Five Years Life of Fund Date of Fund
----- ------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
>
Belgium/Luxembourg 20.3% -- -- 23.7% 2/15/94
Britain -- -- -- 11.1% 4/20/95
Germany -- -- -- (7.1%) 4/19/95
Hong Kong(1) 1.6% 5.7% 13.0% 8.0% 6/28/90
Japan (9.1%) -- -- (6.1%) 2/14/94
Mexico (33.4%) -- -- (42.3%) 8/02/94
Netherlands(2) 18.8% 16.6% 9.9% 5.9% 6/28/90
Nordic(3) 19.8% -- -- 9.3% 2/14/94
Switzerland(4) 18.4% -- -- 6.3% 2/14/94
</TABLE>

(1) If a portion of the Hong Kong Fund's expenses had not been subsidized for
the four years ended December 31, 1993, the Fund would have had lower returns;
(2) If a portion of the Netherlands Fund's expenses had not been subsidized for
the year ended Decemer 31, 1995 and the four years ended December 31, 1993, the
Fund would have had lower returns; (3) If a portion of the Nordic Fund's
expenses had not been subsidized for the year ended Decemer 31, 1995, the Fund
would have had lower returns; (4) If a portion of the Switzerland Fund's
expenses had not been subsidized for the two years ended December 31, 1995, the
Fund would have had lower returns.

Taxes

Among the requirements for qualification of each Fund as a regulated
investment company are the following: (1) at least 90% of the Fund's annual
gross income must be derived from interest, dividends, gains from the sale or
other disposition of stock or securities and certain other types of income; (2)
less than 30% of the Fund's annual gross income may be derived from gross gains
from the sale or disposition of stock or securities or certain other investments
held for less than three months; and (3) at the close of each quarter of its
taxable year, (a) at least 50% of the value of the Fund's assets must be
comprised of cash and cash items (including receivables), U.S. Government
securities, securities of other regulated investment companies and other
securities limited in respect of any one issuer to not more than 5% of the value
of the Fund's total assets and not more than 10% of the voting securities of
such issuer and (b) not more than 25% of the value of its total assets may be
invested in the securities of any one issuer (other than U.S. Government
securities and securities of other regulated investment companies) or certain
other issuers controlled by the Fund. These requirements may limit a Fund's
activities in options on securities and securities indices, as well as in
foreign currencies and forward foreign currency exchange contracts to the extent
gains relating to such latter activities are considered not directly related to
the Fund's principal business of investing in securities.
<PAGE>

Each Fund's use of equalization may affect the amount, timing and character
of distributions to shareholders. Investment by a Fund in a stock of a "passive
foreign investment company" may cause the Fund to recognize income prior to the
receipt of distributions from such a company or to become subject to tax upon
the receipt of certain excess distributions from, or upon disposition of its
stock of, such a company, although an election may in some cases be available
that would ameliorate some of these adverse tax consequences.

A Fund's transactions in foreign currencies, foreign currency-denominated
debt securities, forward foreign currency exchange contracts and receivables or
payables denominated in a foreign currency are subject to special tax rules
under Section 988 of the Code which will generally cause gains and losses from
these transactions to be treated as ordinary income and losses. Certain forward
positions held by a Fund may be required to be "marked to market" (treated as if
they were closed out) on the last business day of each taxable year. In
addition, if certain of these positions held by the Fund substantially diminish
the Fund's risk of loss with respect to securities or other positions in the
Fund's portfolio, this combination of positions may be treated as a straddle for
tax purposes with the possibility of deferral of losses and adjustments in the
holding period of securities held by the Fund.

The portion of the distributions of United States Fund or Global Fund, if
any, attributable to dividends it receives from U.S. domestic corporations may
qualify for the dividends-received deduction for corporate shareholders, subject
to compliance with certain minimum holding-period requirements and
debt-financing restrictions. Such portion, if any, may increase liability for
alternative minimum tax and result in basis adjustments under certain
circumstances.

Shareholders may realize a taxable gain or loss upon a redemption or
exchange of shares of a Fund. Any loss realized upon the redemption or exchange
of shares of a Fund with a tax holding period of six months or less will be
treated as a long-term capital loss to the extent of any distributions of net
long-term capital gains with respect to such shares. All or a portion of any
loss realized upon the redemption or exchange of shares may be disallowed to the
extent shares are purchased (including shares acquired by means of reinvested
dividends) within the period beginning 30 days before and ending 30 days after
the date of such redemption or exchange.

<PAGE>

FINANCIAL STATEMENTS

Registrant incorporates by reference the financial information for
the Funds (Belgium/Luxembourg, Britain, Germany, Hong Kong, Japan,
Mexico, Netherlands, Nordic and Switzerland) contained in the
Funds' annual shareholder report dated December 31,1995 as
previously filed electronically with the Securities and Exchange
Commission (Accession Number 0000853255-96-000001).
<PAGE>

APPENDIX A
------------------

DESCRIPTION OF INVESTMENTS

U.S. GOVERNMENT, AGENCY AND INSTRUMENTALITY OBLIGATIONS -- U.S. Government
obligations are issued by the U.S. Treasury and include bills, certificates of
indebtedness, notes, and bonds. Agencies and instrumentalities of the U.S.
Government are established under the authority of an act of Congress and
include, but are not limited to, the Government National Mortgage Association,
the Tennessee Valley Authority, the Bank for Cooperatives, the Farmers Home
Administration, Federal Home Loan Banks, Federal Intermediate Credit Banks,
Federal Land Banks, and the Federal National Mortgage Association.

REPURCHASE AGREEMENTS -- involve the purchase of debt securities of the
U.S. Treasury, a Federal agency, a Federal instrumentality or a
Federally-created corporation or of other high quality short-term debt
obligations. At the same time a Fund purchases the security it resells such
security to the vendor which is a member bank of the Federal Reserve System, a
recognized securities dealer or any foreign bank whose creditworthiness has been
determined by Wright to be at least equal to that of issuers of commercial paper
rated within the two highest grades assigned by Moody's Investors Service, Inc.
or Standard and Poor's Ratings Group, and is obligated to redeliver the security
to the vendor on an agreed-upon date in the future. A repurchase agreement with
foreign banks may be available with respect to government securities of the
particular foreign jurisdiction. The resale price is in excess of the purchase
price and reflects an agreed-upon market rate unrelated to the coupon rate on
the purchased security. Such transactions afford an opportunity for a Fund to
earn a return on cash which is only temporarily available. A Fund's risk is the
ability of the vendor to pay an agreed upon sum upon the delivery date, which
the Trust believes is limited to the difference between the market value of the
security and the repurchase price provided for in the repurchase agreement.
However, bankruptcy or insolvency proceedings affecting the vendor of the
security which is subject to the repurchase agreement, prior to the repurchase,
may result in a delay in a Fund being able to resell the security. The 1940 Act
prohibits registered investment companies from acquiring certain securities
issued by broker-dealers. A transaction whereby a Fund enters into a repurchase
agreement with a broker-dealer might be construed as a contravention of this
prohibition. In the event the law is so interpreted, the Funds will cease such
transactions.

CERTIFICATES OF DEPOSIT -- are certificates issued against funds deposited
in a bank, are for a definite period of time, earn a specified rate of return,
and are normally negotiable.

BANKERS' ACCEPTANCES -- are short-term credit instruments used to finance
the import, export, transfer or storage of goods. They are termed "accepted"
when a bank guarantees their payment at maturity.

FIXED TIME DEPOSITS -- are bank obligations payable at a stated maturity
date and bearing interest at a fixed rate. Fixed time deposits may be withdrawn
on demand by the investor, but may be subject to early withdrawal penalties
which vary depending upon market conditions and the remaining maturity of the
obligation. There are no contractual restrictions on the right to transfer a
beneficial interest in a fixed time deposit to a third party, although there is
no market for such deposits.

COMMERCIAL PAPER -- refers to promissory notes issued by corporations in
order to finance their short-term credit needs.

FINANCE COMPANY PAPER -- refers to promissory notes issued by finance
companies in order to finance their short-term credit needs.
<PAGE>

FOREIGN SECURITIES -- The Funds, other than the United States Fund, may
invest in foreign securities, and in certificates of deposit, bankers'
acceptances, fixed time deposits issued by major foreign banks and foreign
branches of United States banks, to any extent deemed appropriate by Wright and
consistent with a Fund's investment objective. Investing in securities of
foreign governments or securities issued by companies whose principal business
activities are outside the United States may involve significant risks not
associated with domestic investments. For example, there is generally less
publicly available information about foreign companies, particularly those not
subject to the disclosure and reporting requirements of the U.S. securities
laws. Foreign issuers are generally not bound by uniform accounting, auditing
and financial reporting requirements comparable to those applicable to domestic
issuers. Investments in foreign securities also involve the risks of possible
adverse changes in exchange control regulations, expropriation or confiscatory
taxation, limitation on removal of funds or other assets of a Fund, political or
financial instability or diplomatic and other developments which could affect
such investments. Further, economies of particular countries or areas of the
world may differ favorably or unfavorably from the economy of the U.S. To the
extent investments in foreign securities are denominated or quoted in currencies
of foreign countries, a Fund may be affected favorably or unfavorably by changes
in currency exchange rates and may incur costs in connection with conversion
between currencies.

It is anticipated that in most cases the best available market for foreign
securities will be on exchanges or in over-the-counter markets located outside
the U.S. Foreign stock markets, while growing in volume and sophistication, are
generally not as developed as those in the U.S. Securities of some foreign
issuers may be less liquid and more volatile than securities of comparable U.S.
companies (this is particularly true of issuers located in developing countries;
however, the Funds do not anticipate investments in securities of developing
countries). In addition, foreign brokerage commissions are generally higher than
commissions on securities traded in the U.S. and may be non-negotiable. In
general, there is less overall governmental supervision and regulation of
securities exchanges, brokers and listed companies than in the U.S.

FOREIGN CURRENCY EXCHANGE TRANSACTIONS -- The Funds, other than the United
States Fund, may engage in foreign currency exchange transactions. Investments
in securities of foreign governments and companies whose principal business
activities are located outside the United States will frequently involve
currencies of foreign countries. In addition, assets of a Fund may temporarily
be held in bank deposits in foreign currencies during the completion of
investment programs. Therefore, the value of a Fund's assets, as measured in
U.S. dollars, may be affected favorably or unfavorably by changes in foreign
currency exchange rates and exchange control regulations. Although each Fund
values its assets daily in U.S. dollars, the Fund does not intend to convert its
holdings of foreign currencies into U.S. dollars on a daily basis. A Fund may
conduct its foreign currency exchange transactions on a spot (i.e., cash) basis
at the spot rate prevailing in the foreign currency exchange market. The Fund
will convert currency on a spot basis from time to time and will incur costs in
connection with such currency conversion. Although foreign exchange dealers do
not charge a fee for conversion, they do realize a profit based on the
difference (the "spread") between the prices at which they are buying and
selling various currencies. Thus, a dealer may offer to sell a foreign currency
to a Fund at one rate, while offering a lesser rate of exchange should the Fund
desire to resell that currency to the dealer. The Funds do not intend to
speculate in foreign currency exchange rates.

As an alternative to spot transactions, a Fund may enter into contracts to
purchase or sell foreign currencies at a future date ("forward contracts"). A
forward contract involves an obligation to purchase or sell a specific currency
at a future date and price fixed by agreement between the parties at the time of
entering into the contract. These contracts are traded in the interbank market
conducted directly between currency traders (usually large commercial banks) and
their customers. Although a forward contract generally involves no deposit
requirement and no commissions are charged at any stage for trades, a Fund will
maintain segregated accounts in connection with such transactions. The Funds
intend to enter into such contracts only on net terms.

<PAGE>
A Fund may enter into forward contracts under two circumstances. First,
when a Fund enters into a contract for the purchase or sale of a security quoted
or denominated in a foreign currency, it may desire to "lock in" the price of
the security. This is accomplished by entering into a forward contract for the
purchase or sale, for a fixed amount of the foreign currency involved in the
underlying security transaction ("transaction hedging"). Such forward contract
transactions will enable the Fund to protect itself against a possible loss
resulting from an adverse change in the relationship between the different
currencies during the period between the date the security is purchased or sold
and the date of payment for the security.

Second, when Wright believes that the currency of a particular foreign
country may suffer a decline, a Fund may enter into a forward contract to sell
the amount of foreign currency approximating the value of some or all of the
securities quoted or denominated in such foreign currency. The precise matching
of the forward contract amounts and the value of the securities involved will
not generally be possible. The future value of such securities in foreign
currencies will change as a consequence of fluctuations in the market value of
those securities between the date the forward contract is entered into and the
date it matures. The projection of currency exchange rates and the
implementation of a short-term hedging strategy are highly uncertain. As an
operating policy, the Funds do not intend to enter into forward contracts for
such hedging purposes on a regular or continuous basis, and will not do so if,
as a result, more than 50% of the value of a Fund's total assets would be
committed to the consummation of such contracts. A Fund will also not enter into
such forward contracts or maintain a net exposure to such contracts if the
contracts would obligate the Fund to deliver an amount of foreign currency in
excess of the value of the Fund's securities or other assets quoted or
denominated in that currency.

The Fund's custodian will place cash or liquid, high grade debt securities
in a segregated account. The amount of such segregated assets will be at least
equal to the value of a Fund's total assets committed to the consummation of
forward contracts involving the purchase of foreign currency. If the value of
the securities placed in the segregated account declines, additional cash or
securities will be placed in the account on a daily basis so that the value of
the amount will equal the amount of the Fund's commitments with respect to such
contracts.

A Fund generally will not enter into a forward contract with a term of
greater than one year. At the maturity of a forward contract, the Fund may elect
to sell the portfolio security and make delivery of the foreign currency.
Alternatively, the Fund may retain the security and terminate its contractual
obligation to deliver the foreign currency by purchasing an identical offsetting
contract from the same currency trader.

It is impossible to forecast with precision the market value of portfolio
securities at the expiration of a forward contract. Accordingly, it may be
necessary for a Fund to purchase additional foreign currency on the spot market
(and bear the expense of such purchase) if the Fund intends to sell the security
and the market value of the security is less than the amount of foreign currency
that the Fund is obligated to deliver. Conversely, it may be necessary to sell
on the spot market some of the foreign currency received upon the sale of the
portfolio security if its market value exceeds the amount of foreign currency
that the Fund is obligated to deliver.

If a Fund retains the portfolio security and engages in an offsetting
transaction, the Fund will incur a gain or loss (as described below) to the
extent that there has been a change in forward contract prices. If the Fund
engages in an offsetting transaction, it may subsequently enter into a new
forward contract to sell the foreign currency. Should forward contract prices
decline during the period between the date the Fund enters into a forward
contract for the sale of the foreign currency and the date it enters into an
offsetting contract for the purchase of the foreign currency, the Fund will
realize a gain to the extent that the price of the currency it has agreed to
sell exceeds the price of the currency it has agreed to purchase. Should forward
contracts prices increase, the Fund will suffer a loss to the extent that the
price of the currency it has agreed to purchase exceeds the price of the
currency it has agreed to sell.

<PAGE>
A Fund will not speculate in forward contracts and will limit its dealings
in such contracts to the transactions described above. Of course, a Fund is not
required to enter into such transactions with respect to its portfolio
securities quoted or denominated in a foreign currency and will not do so unless
deemed appropriate by Wright. This method of protecting the value of a Fund's
securities against a decline in the value of a currency does not eliminate
fluctuations in the underlying prices of the securities. It simply establishes a
rate of exchange which the Fund can achieve at some future time. Additionally,
although such contracts tend to minimize the risk of loss due to a decline in
the value of the hedged currency, they also tend to limit any potential gain
which might be realized if the value of such currency increases.

A Fund's foreign currency transactions may be limited by the requirements
of Subchapter M of the Internal Revenue Code of 1986, as amended, for
qualification as a regulated investment company.
<PAGE>

APPENDIX B
===============

MAJOR ECONOMIC AND FINANCIAL INDICATORS
OF THE NATIONS IN WHICH THE FUNDS MAY INVEST

The following information supplements and should be used in
connection with the section of the Funds' Prospectus entitled
"Appendix -- Information Concerning The Nations In Which The
Funds May Invest."
<PAGE>

MAJOR ECONOMIC AND FINANCIAL INDICATORS*
- --------------------------------------------------------------------------------
<TABLE>
Avg. Annual Rates ending 1994
-------------------------------------------------------------------------------
1994 1993 1992 1991 1990 2 Years 3 Years 5 Years
- -------------------------------------------------------------------------------------------------------------------------

<S> <C> <C> <C> <C> <C> <C> <C> <C>
AUSTRALIA
Gross Domestic Product:
Nominal 6.5% 5.0% 3.9% 0.6% 5.6% 5.8% 5.1% 4.3%
Real 5.0% 3.8% 2.5% -1.7% 1.1% 4.4% 3.8% 2.1%
Inflation (CPI) 1.9% 1.8% 1.0% 3.2% 7.3% 1.9% 1.6% 3.0%
Trade Balance (A$ mil) -3199 -127 1555 3514 368 -1663 -590 422
Current Account Balance (A$ mil) -15224 -10707 -11776 -11658 -16585 -12966 -12569 -13190
Interest Rates:
Short Term (T-Bills) 5.7% 5.0% 6.3% 10.0% 14.2% 5.3% 5.7% 8.2%
Long Term (Govt 20 yrs) 9.0% 7.3% 9.2% 10.7% 13.2% 8.2% 8.5% 9.9%
Exchange Rates US$/A$ 0.7768 0.6771 0.6886 0.7598 0.7733 0.7270 0.7142 0.7351
- -------------------------------------------------------------------------------------------------------------------------

AUSTRIA
Gross Domestic Product:
Nominal 6.0% 3.5% 6.1% 7.1% 7.7% 4.7% 5.2% 6.1%
Real 2.7% -0.1% 1.8% 2.9% 4.2% 1.3% 1.5% 2.3%
Inflation (CPI) 3.0% 3.6% 4.1% 3.3% 3.3% 3.3% 3.6% 3.5%
Trade Balance (Schilling mil) -8869 -7281 -8443 -8560 -6969 -8075 -8198 -8024
Current Account Balance (Schilling mil) -2452 -762 -631 61 1166 -1607 -1282 -524
Interest Rates:
Short Term (Deposit rate) 2.3% 3.0% 3.7% 3.8% 3.4% 2.6% 3.0% 3.2%
Long Term (Govt Bonds) 6.7% 6.6% 8.3% 8.6% 8.7% 6.7% 7.2% 7.8%
Exchange Rates US$/Schilling 0.0901 0.0824 0.0881 0.0936 0.0937 0.0862 0.0869 0.0896
- -------------------------------------------------------------------------------------------------------------------------

BELGIUM
Gross National Product:
Nominal 4.9% 2.4% 5.4% 5.0% 6.4% 3.7% 4.2% 4.8%
Real 2.2% -1.6% 1.8% 2.2% 3.2% 0.3% 0.8% 1.6%
Inflation (CPI) 2.4% 2.7% 2.4% 3.2% 3.4% 2.6% 2.5% 2.8%
Trade Balance (B.Franc mil) 6743 5780 3700 1999 1671 6262 5408 3979
Current Account Balance (B.Franc mil) 12751 11237 6650 4746 3627 11994 10213 7802
Interest Rates:
Short Term (T-Bills) 5.7% 8.2% 9.4% 9.4% 8.3% 7.0% 7.8% 8.2%
Long Term (Govt Bonds) 7.8% 7.2% 8.6% 9.3% 10.1% 7.5% 7.9% 8.6%
Exchange Rates US$/Franc 0.0314 0.0277 0.0301 0.0320 0.0323 0.0296 0.0297 0.0307
- -------------------------------------------------------------------------------------------------------------------------

CANADA
Gross Domestic Product:
Nominal 5.2% 3.3% 2.0% 1.0% 2.9% 4.3% 3.5% 2.9%
Real 4.6% 2.2% 0.8% -1.8% -0.2% 3.4% 2.5% 1.1%
Inflation (CPI) 0.2% 1.9% 1.5% 5.6% 4.7% 1.0% 1.2% 2.8%
Trade Balance (C$ mil) 12202 7927 5699 3871 8334 10065 8609 7607
Current Account Balance (C$ mil) -17338 -23391 -22592 -24571 -22577 -20365 -21107 -22094
Interest Rates:
Short Term (T-Bills) 5.5% 4.8% 6.6% 8.7% 12.8% 5.2% 5.7% 7.7%
Long Term (Govt Bonds) 8.6% 7.9% 8.8% 9.8% 10.9% 8.2% 8.4% 9.2%
Exchange Rates US$/C$ 0.7129 0.7553 0.7867 0.8654 0.8618 0.7341 0.7516 0.7964

- -------------------------------------------------------------------------------------------------------------------------

<PAGE>

DENMARK
Gross Domestic Product:
Nominal 6.4% 2.6% 2.8% 3.6% 4.2% 4.5% 3.9% 3.9%
Real 4.4% 1.5% 0.8% 1.3% 1.4% 2.9% 2.2% 1.9%
Inflation (CPI) 2.0% 1.3% 2.1% 2.4% 2.7% 1.7% 1.8% 2.1%
Trade Balance (Kroner mil) 7739 7998 7204 4748 4875 7869 7647 6513
Current Account Balance (Kroner mil) 2659 4711 4268 1983 1372 3685 3879 2999
Interest Rates:
Short Term (Money Market rate) 6.3% 11.5% 11.4% 9.8% 11.0% 8.9% 9.7% 10.0%
Long Term (Govt Bonds) 7.4% 7.1% 9.5% 9.6% 10.7% 7.2% 8.0% 8.9%
Exchange Rates US$/Kroner 0.1644 0.1476 0.1598 0.1691 0.1731 0.1560 0.1573 0.1628
- -------------------------------------------------------------------------------------------------------------------------

FINLAND
Gross Domestic Product:
Nominal 5.3% 1.2% -0.9% -6.7% 5.8% 3.2% 1.8% 0.8%
Real 4.0% -1.2% -3.6% -7.1% 0.0% 1.4% -0.3% -1.6%
Inflation (CPI) 1.1% 2.2% 2.6% 4.1% 6.2% 1.6% 1.9% 3.2%
Trade Balance (Markka mil) 7651 6384 3944 2309 718 7018 5993 4201
Current Account Balance (Markka mil) 1068 -959 -4922 -6741 -6939 55 -1604 -3699
Interest Rates:
Short Term (Deposit rate) 3.3% 4.8% 7.5% 7.5% 7.5% 4.0% 5.2% 6.1%

Exchange Rates US$/Markka 0.2108 0.1729 0.1907 0.2420 0.2752 0.1919 0.1915 0.2183
- -------------------------------------------------------------------------------------------------------------------------

FRANCE
Gross Domestic Product:
Nominal 11.3% 1.0% 3.5% 4.1% 5.7% 6.0% 5.2% 5.1%
Real 2.8% -1.5% 1.3% 0.8% 2.5% 0.7% 0.9% 1.2%
Inflation (CPI) 1.7% 2.1% 2.4% 3.2% 3.4% 1.9% 2.1% 2.6%
Trade Balance (F.Franc mil) 7868 7448 2344 -9594 -13320 7658 5887 -1051
Current Account Balance (F.Franc mil) 8128 9058 3934 -6469 -9942 8593 7040 942
Interest Rates:
Short Term (Deposit rate) 5.7% 8.8% 10.4% 9.5% 9.9% 7.2% 8.3% 8.8%
Long Term (Govt Bonds) 7.4% 6.9% 8.6% 9.1% 10.0% 7.1% 7.6% 8.4%
Exchange Rates US$/Franc 0.1871 0.1696 0.1816 0.1931 0.1950 0.1783 0.1794 0.1853
- -------------------------------------------------------------------------------------------------------------------------

GERMANY
Gross National Product:
Nominal 4.3% 1.4% 6.2% 9.0% 9.3% 2.9% 4.0% 6.0%
Real 2.3% -1.7% 1.8% 4.9% 5.9% 0.3% 0.8% 2.6%
Inflation (CPI) 3.0% 4.1% 4.0% 3.5% 2.7% 3.6% 3.7% 3.4%
Trade Balance (DM bil) 50 40 27 19 69 45 39 41
Current Account Balance (DM bil) -22 -16 -22 -19 48 -19 -20 -6
Interest Rates:
Short Term (T-Bills) 5.1% 6.2% 8.3% 8.3% 8.1% 5.6% 6.5% 7.2%
Long Term (Govt Bonds) 6.7% 6.3% 8.0% 8.6% 8.9% 6.5% 7.0% 7.7%
Exchange Rates US$/DM 0.6457 0.5793 0.6196 0.6596 0.6693 0.6125 0.6148 0.6347
- -------------------------------------------------------------------------------------------------------------------------

<PAGE>

HONG KONG
Gross Domestic Product:
Nominal 15.2% 14.0% 16.5% 14.8% 11.2% 14.6% 15.2% 14.3%
Real NA NA NA 4.2% 3.2% NA NA NA
Inflation (CPI) 9.0% 6.5% -6.1% 30.7% -1.5% 7.7% 2.9% 7.0%
Trade Balance ($HK mil) -9463 -1702 -4290 -2188 -2389 -5582 -5152 -4006
Current Account Balance ($HK mil) +NA NA NA 19128 27376 NA NA NA
Interest Rates:
Short Term (3 mo. Interbank) NA NA NA 3.7% 8.5% NA NA NA

Exchange Rates US$/HK$ 0.1292 0.1295 0.1291 0.1285 0.1282 12.94% 12.93% 12.89%
- -------------------------------------------------------------------------------------------------------------------------

IRELAND
Gross Domestic Product:
Nominal 8.0% 7.3% 6.0% 4.0% 7.0% 7.7% 7.1% 6.4%
Real 6.7% 3.1% 4.0% 2.2% 7.8% 4.9% 4.6% 4.7%
Inflation (CPI) 2.3% 1.4% 3.1% 3.2% 3.3% 1.9% 2.3% 2.7%
Trade Balance ((pound)mil) 9546 8099 7042 4167 3969 8823 8229 6565
Current Account Balance ((pound)mil) 3200 2332 1708 861 -262 2766 2413 1568
Interest Rates:
Short Term (T-Bills) 5.9% 8.6% 9.5% 10.1% 10.9% 7.2% 8.0% 33.2%
Long Term (Govt Bonds) 8.2% 7.7% 9.1% 9.2% 10.1% 8.0% 8.3% 32.7%
Exchange Rates US$/(pound) 0.6464 0.7088 0.6137 0.5715 0.5632 0.6776 0.6563 0.3497
- -------------------------------------------------------------------------------------------------------------------------

JAPAN
Gross National Product:
Nominal 0.7% 0.6% 2.6% 6.3% 7.2% 0.7% 1.3% 3.4%
Real -1.2% 0.1% 1.4% 4.3% 4.8% -0.5% 0.1% 1.8%
Inflation (CPI) 0.7% 1.2% 1.7% 3.3% 3.1% 0.9% 1.2% 2.0%
Trade Balance (Yen bil) 146 142 132 103 64 144 140 117
Current Account Balance (Yen bil) 129 132 118 73 36 130 126 97
Interest Rates:
Short Term (Deposit rate) 1.7% 2.1% 3.4% 4.1% 3.6% 1.9% 2.4% 3.0%
Long Term (Govt Bonds) 3.7% 3.7% 4.9% 6.5% 7.4% 3.7% 4.1% 5.2%
Exchange Rates US$/Japanese(Y) 0.0100 0.0089 0.0080 0.0080 0.0074 0.0095 0.0090 0.0085
- -------------------------------------------------------------------------------------------------------------------------

MALAYSIA
Gross Domestic Product:
Nominal 13.7% 10.3% 14.1% 11.9% 12.9% 12.0% 12.7% 12.6%
Real 8.7% 8.3% 7.8% 8.7% 9.7% 8.5% 8.3% 8.7%
Inflation (CPI) 3.7% 3.6% 4.7% 4.4% 2.7% 3.6% 4.0% 3.8%
Trade Balance (Ringgit mil) 1581 3026 3150 391 2525 2304 2586 2135
Current Account Balance (Ringgit mil) -4147 -2809 -2167 -4183 -870 -3478 -3041 -2835
Interest Rates:
Short Term (Deposit rate) 5.1% 6.5% 8.0% 7.8% 6.8% 5.8% 6.5% 6.9%

Exchange Rates US$/Ringgit 0.3906 0.3702 0.3828 0.3671 0.3702 0.3804 0.3812 0.3762
- --------------------------------------------------------------------------------------------------------------------

<PAGE>

MEXICO
Gross Domestic Product:
Nominal NA 10.6% 17.8% 26.0% 35.2% 14.2% 18.0% 23.6%
Real NA 0.6% 2.8% 3.6% 4.4% 1.7% 2.3% 3.0%
Inflation (CPI) 6.9% 9.7% 15.5% 22.7% 26.6% 8.3% 10.7% 16.1%
Trade Balance (Pesos bil) -18465 -13481 -15934 -7279 -881 -15973 -15960 -11208
Current Account Balance (Pesos bil) -28784 -23400 -24442 -14888 -7451 -26092 -25542 -19793
Interest Rates:
Short Term (T-Bills) 14.1% 15.0% 15.6% 19.3% 34.8% 14.6% 14.9% 19.8%

Exchange Rates US$/Peso 0.1878 0.3220 0.3210 0.3256 0.3395 0.2549 0.2769 0.2992
- -------------------------------------------------------------------------------------------------------------------------

NETHERLANDS
Gross National Product:
Nominal 5.1% 2.3% 4.4% 5.0% 6.5% 3.7% 3.9% 4.7%
Real 2.6% 0.4% 1.8% 2.3% 3.9% 1.5% 1.6% 2.2%
Inflation (CPI) 2.7% 2.6% 3.2% 3.1% 2.5% 2.7% 2.9% 2.8%
Trade Balance (Guilders mil) 14482 14311 13067 12559 12576 14397 13953 13399
Current Account Balance (Guilders mil) 11547 10367 7331 7724 9208 10957 9748 9235
Interest Rates:
Short Term (Deposit Rate) 3.0% 3.1% 3.2% 3.2% 3.3% 3.0% 3.1% 3.2%
Long Term (Govt Bonds) 7.2% 6.5% 8.1% 8.7% 8.9% 6.9% 7.3% 7.9%
Exchange Rates US$/Guilders 0.5763 0.5152 0.5512 0.5847 0.5917 0.5458 0.5476 0.5638
- -------------------------------------------------------------------------------------------------------------------------

NEW ZEALAND
Gross Domestic Product:
Nominal 7.9% 6.4% 3.0% 0.1% 2.2% 7.1% 5.7% 3.9%
Real 3.1% 6.0% 0.9% -2.3% -0.8% 4.6% 3.3% 1.4%
Inflation (CPI) 1.7% 1.4% 1.0% 2.6% 6.0% 1.5% 1.3% 2.5%
Trade Balance (NZ$ mil) 1336 1726 1487 2078 815 1531 1516 1488
Current Account Balance (NZ$ mil) -2006 -1323 -1581 -1511 -3137 -1665 -1637 -1912
Interest Rates:
Short Term (T-Bills) 6.7% 6.2% 6.7% 9.7% 13.8% 6.5% 6.5% 8.6%
Long Term (Govt Bonds) 7.5% 6.7% 7.9% 10.0% 12.5% 7.1% 7.3% 8.9%
Exchange Rates US$/NZ$ 0.6425 0.5588 0.5143 0.5411 0.5878 0.6007 0.5719 0.5689
- -------------------------------------------------------------------------------------------------------------------------

NORWAY
Gross Domestic Product:
Nominal 5.4% 4.5% 2.4% 4.0% 6.3% 4.9% 4.1% 4.5%
Real 5.1% 2.4% 3.4% 1.6% 1.7% 3.8% 3.6% 2.8%
Inflation (CPI) 1.5% 2.3% 2.3% 3.4% 4.2% 1.9% 2.0% 2.7%
Trade Balance (Kroner mil) 8321 7995 9303 8696 7761 8158 8540 8415
Current Account Balance (Kroner mil) 3645 2152 2982 5032 3992 2899 2926 3561
Interest Rates:
Short Term (Deposit rate) 5.2% 5.5% 10.7% 9.6% 9.7% 5.4% 7.1% 8.1%
Long Term (Govt Bond) 7.1% 6.5% 9.8% 9.9% 10.7% 6.8% 7.8% 8.8%
Exchange Rates US$/Kroner 0.1479 0.1330 0.1444 0.1674 0.1693 0.1404 0.1418 0.1524
- -------------------------------------------------------------------------------------------------------------------------

<PAGE>

SINGAPORE
Gross Domestic Product:
Nominal 14.0% 14.5% 7.1% 11.2% 14.9% 14.3% 11.8% 12.3%
Real 10.1% 10.1% 6.4% 7.0% 8.1% 10.1% 8.9% 8.3%
Inflation (CPI) 3.0% 2.3% 2.3% 3.4% 3.4% 2.7% 2.5% 2.9%
Trade Balance (S$ mil) 2106 -2786 -1258 -207 -1549 -340 -646 -739
Current Account Balance (S$ mil) 11950 5173 6155 4688 3181 8562 7759 6229
Interest Rates:
Short Term (Deposit rate) 3.0% 2.3% 2.9% 4.6% 4.7% 2.7% 2.7% 3.5%

Exchange Rates US$/S$ 0.6846 0.6219 0.6079 0.6133 0.5732 0.6532 0.6381 0.6202
- -------------------------------------------------------------------------------------------------------------------------

SOUTH AFRICA
Gross Domestic Product:
Nominal 13.0% 12.3% 10.0% 12.3% 14.7% 12.7% 11.8% 12.5%
Real 2.3% 1.1% -2.2% -1.0% -0.3% 1.7% 0.4% -0.0%
Inflation (CPI) 9.0% 9.7% 13.9% 15.3% 14.4% 9.3% 10.8% 12.4%
Trade Balance (Rand mil) 3656 5781 5429 6134 6783 4719 4955 5557
Current Account Balance (Rand mil) -573 1804 1376 2243 2065 616 869 1383
Interest Rates:
Short Term (T-Bills) 10.9% 11.3% 13.8% 16.7% 17.8% 11.1% 12.0% 14.1%
Long Term (Govt Bonds) 14.8% 14.0% 15.4% 16.3% 16.2% 14.4% 14.7% 15.3%
Exchange Rates US$/Rand 0.2822 0.2943 0.3276 0.3646 0.3902 0.2883 0.3014 0.3318
- -------------------------------------------------------------------------------------------------------------------------

SOUTH KOREA
Gross Domestic Product:
Nominal NA 10.5% 11.4% 20.2% 20.4% 10.9% 13.9% 14.8%
Real NA 5.5% 5.1% 9.1% 9.5% 5.3% 6.6% 7.1%
Inflation (CPI) NA 4.8% 6.2% 9.3% 8.6% 5.5% 6.8% 6.9%
Trade Balance (Won bil) NA 1860 -2146 -6980 -2004 -143 -2422 -935
Current Account Balance (Won bil) NA 384 -4529 -8726 -2172 -2073 -4290 -1997
Interest Rates:
Short Term (Deposit rate) NA 8.6% 10.0% 10.0% 10.0% 9.3% 9.5% 9.7%
Long Term (Govt Bonds) NA 12.1% 15.1% 16.5% 15.0% 13.6% 14.6% 14.7%
Exchange Rates US$/Won NA 0.0012 0.0013 0.0013 0.0014 0.0013 0.0013 0.0013
- -------------------------------------------------------------------------------------------------------------------------

SWEDEN
Gross Domestic Product:
Nominal 5.2% 0.0% -0.4% 6.4% 10.3% 2.6% 1.6% 4.2%
Real 2.2% -2.6% -1.4% -1.7% 1.4% -0.2% -0.6% -0.4%
Inflation (CPI) 2.6% 4.5% 2.8% 9.0% 9.9% 3.5% 3.3% 5.7%
Trade Balance (Kronor mil) 9583 7669 6723 6359 3402 8626 7992 6747
Current Account Balance (Kronor mil) 826 -4078 -8790 -4632 -6338 -1626 -4014 -4602
Interest Rates:
Short Term (T-Bills) 7.4% 8.4% 12.9% 11.6% 13.7% 7.9% 9.5% 10.8%
Long Term (Govt Bonds) 9.4% 8.5% 10.0% 10.7% 13.1% 9.0% 9.3% 10.3%
Exchange Rates US$/Kronor 0.1340 0.1204 0.1420 0.1808 0.1755 0.1272 0.1321 0.1506
- -------------------------------------------------------------------------------------------------------------------------

<PAGE>

SWITZERLAND
Gross Domestic Product:
Nominal 2.6% 1.2% 2.3% 5.4% 8.1% 1.9% 2.1% 3.9%
Real 1.2% -0.8% -0.3% -0.0% 2.3% 0.2% 0.0% 0.5%
Inflation (CPI) 0.8% 3.4% 4.1% 5.8% 5.4% 2.1% 2.7% 3.9%
Trade Balance (S.Francs mil) 3330 -1572 -285 -4597 -7174 879 491 -2060
Current Account Balance (S.Francs mil) 18495 17849 14235 10374 6941 18172 16860 13579
Interest Rates:
Short Term (T-Bills) 4.0% 4.8% 7.8% 7.7% 8.3% 4.4% 5.5% 6.5%
Long Term (Govt Bonds) 5.2% 4.1% 5.5% 6.4% 6.7% 4.6% 4.9% 5.6%
Exchange Rates US$/Franc 0.7625 0.6759 0.6868 0.7377 0.7719 0.7192 0.7084 0.7270
- -------------------------------------------------------------------------------------------------------------------------

UNITED KINGDOM
Gross Domestic Product:
Nominal 6.1% 5.6% 3.8% 4.4% 6.8% 5.8% 5.2% 5.3%
Real 3.8% 2.3% -0.5% -2.0% 0.4% 3.0% 1.8% 0.8%
Inflation (CPI) 2.5% 1.5% 3.7% 5.9% 9.5% 2.0% 2.6% 4.6%
Trade Balance (UK(pound)mil) -16127 -20117 -23428 -18274 -32742 -18122 -19891 -22138
Current Account Balance (UK(pound)mil) -2391 -16633 -17175 -15270 -33468 -9512 -12066 -16987
Interest Rates:
Short Term (T-Bills) 5.2% 5.2% 8.9% 11.0% 14.1% 5.2% 6.4% 8.9%
Long Term (Govt Bonds) 8.1% 7.9% 9.2% 9.9% 11.1% 8.0% 8.4% 9.2%
Exchange Rates US$/UK(pound) 1.5625 1.4812 1.5120 1.8707 1.9280 1.5219 1.5186 1.6709
- -------------------------------------------------------------------------------------------------------------------------

UNITED STATES
Gross National Product:
Nominal 6.2% 5.4% 5.2% 3.6% 5.2% 5.8% 5.6% 5.1%
Real 4.1% 3.1% 3.3% -1.2% 0.8% 3.6% 3.5% 2.0%
Inflation (CPI) 2.5% 3.0% 3.1% 4.2% 5.4% 2.8% 2.9% 3.6%
Trade Balance (US$ bil) -164 -131 -96 -74 -109 -148 -131 -115
Current Account Balance (US$ bil) -151 -100 -62 -8 -93 -125 -104 -83
Interest Rates:
Short Term (T-Bills) 4.3% 3.0% 3.5% 5.4% 7.5% 3.6% 3.6% 4.7%
Long Term (Govt Bonds) 7.1% 5.8% 7.0% 7.9% 8.6% 6.5% 6.6% 7.3%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>

Note: *Information is obtained primarily from the International Monetary
Fund and is believed reliable, but accuracy and completeness are not
guaranteed.

<PAGE>

APPENDIX C
=========================

GLOBAL CUSTODY NETWORK
ARGENTINA
Citibank, N.A.
Buenos Aires

AUSTRALIA
National Australia Bank
Melbourne

AUSTRIA
Euroclear

BANGLADESH
Standard Chartered

BELGIUM
Euroclear

BRAZIL
Banco de Boston
Sao Paulo

CANADA
Euroclear

CHILE
Bank of Boston

CHINA
Standard Chartered, Shenzhen
Standard Chartered, Shanghai

COLOMBIA
Citibank, S.A.
Bogota

CZECH REPUBLIC
Chase Manhattan Bank

DENMARK
Euroclear

FINLAND
Euroclear

FRANCE
Euroclear

GERMANY
Euroclear

GREECE
Citibank, N.A.
Athens

HONG KONG
Standard Chartered Bank
Hong Kong

HUNGARY
Citibank, N.A.

INDIA
State Bank of India

INDONESIA
Standard Chartered Bank
Jakarta

IRELAND
Bank of Ireland
Securities Services

ISRAEL
Chase Manhattan Bank

ITALY
Citibank, N.A.

JAPAN
Standard Chartered Bank
Tokyo

KOREA
Standard Chartered Bank
Seoul

LUXEMBOURG
Euroclear

MALAYSIA
Standard Chartered Bank

MEXICO
Bancomer, S.A.

MOROCCO
Chase Manhattan Bank

NETHERLANDS
Euroclear

NEW ZEALAND
National Australia Bank
Aukland

NORWAY
Euroclear

PAKISTAN
Standard Chartered Bank
Karachi

PERU
Citibank, N.A.
Lima

PHILLIPINES
Standard Chartered Bank
Manila

POLAND
Citibank, N.A.

PORTUGAL
Euroclear

PUERTO RICO
Citibank, N.A.

SINGAPORE
Standard Chartered Bank

SOUTH AFRICA
Chase Manhattan Bank

SPAIN
Euroclear

SRI LANKA
Standard Chartered Bank

SWEDEN
Euroclear

SWITZERLAND
Euroclear

TAIWAN
Standard Chartered Bank
Taipei

THAILAND
Standard Chartered Bank
Bangkok

TURKEY
Chase Manhattan, N.A.
Istanbul

UNITED KINGDOM
Barclays Bank PLC
London

URUGUAY
Citibank, N.A.
Montevideo

VENEZUELA
Citibank, N.A.
Caracas

ZIMBABWE
Barclays Bank PLC

DEPOSITORIES

ARGENTINA
Caja De Valores
("CDV")

AUSTRALIA
Austra clear

AUSTRIA
Oesterreichische Kontrollbank A.G./
Wertpapiersammelbank A.G.
("OEKB/WSB")

BELGIUM
Caisse Interprofessionnelle de Depots et de Virement de Titres S.A.
("CIK")

BRAZIL
Bovespa

CANADA
Canadian Depository
for Securities Limited
("CDS")

CHINA
Shenzen Central Registrars Co.

COLUMBIA
Banco de la Republica

CZECH REPUBLIC
SCP

DENMARK
Vaerdipapircentralen
("VP")

FINLAND
Central Share Depository

FRANCE
Societe Interprofessionnelle
pour la Compensation des Valeurs
Mobilieres ("SICOVAM")

GERMANY
Deutscher Kassenverein A.G.
("DKV")

GREECE
Central Securities Depository, S.A.
("CSD")

HONG KONG
CCASS

HUNGARY
Keler

IRELAND
Gilt Settlement Office
("GSO")

ISRAEL
The Stock Exchange
Clearing House Ltd.

ITALY
Monte Titoli SpA Instituto per la
Custodia e l'Amministrazione
Accentrata di Valori Mobiliari
("Monte Titoli")

JAPAN
Japan Securities Depository Center
("JASDEC")

KOREA
KSD

LUXEMBOURG
Centrale de Livraison de Valeurs
Mobieres ("CEDEL")

MALAYSIA
Malaysian Central Depository

MEXICO
Instituto para el Deposito de Valores
("Indeval")

NETHERLANDS
Nederlands Centraal Instituut voor
Giraal Effectenverkeer B.V. ("Necigef")

NEW ZEALAND
Austraclear

NORWAY
Verdipapirsentralen
("VPS")

PERU
Caval

POLAND
National Depository of Securities

PORTUGAL
Central de Valores Mobiliarios

SINGAPORE
Central Depository
(PTE) Ltd.

SPAIN
Servico Compen savion
Y Liquidation

SRI LANKA
Central Depository System
(PVT)

SWEDEN
Vardepappers Centralen

SWITZERLAND
Schweizerische. Effecten-Giro A.G.
("SEGA")

TAIWAN
Taiwan Securities
Central Depository Co.

THAILAND
Share Depository Center

UNITED KINGDOM
CGO, CMO
<PAGE>

APPENDIX D
========================

NATIONAL EQUITY INDICES
DECEMBER 31, 1995

AUSTRALASIA NATIONAL EQUITY INDEX
AUSTRALIA
ABERFOYLE LIMITED
ADELAIDE BRIGHTON LIMITED
ADVANCE BANK AUSTRALIA LIMITED
AMCOR LIMITED
ARNOTTS LIMITED
ASHTON MINING LIMITED
AUSTRALIA AND NEW ZEALAND BANKING GROUP
AUSTRALIAN CHEMICAL HOLDINGS LIMITED
AUSTRALIAN GAS LIGHT COMPANY (THE)
AUSTRALIAN NATIONAL INDUSTRIES LIMITED
AWA LIMITED
BANK OF MELBOURNE LIMITED
BANK OF QUEENSLAND LIMITED
BORAL LIMITED
BRAMBLES INDUSTRIES LIMITED
BRICKWORKS LIMITED
BROKEN HILL PROPRIETARY COMPANY LIMITED
BTR NYLEX LIMITED
BURNS, PHILP AND COMPANY LIMITED
CALTEX AUSTRALIA LIMITED
CLYDE INDUSTRIES LIMITED
COAL & ALLIED INDUSTRIES LIMITED
COCA-COLA AMATIL LIMITED
COLES MYER LIMITED
COMALCO LIMITED
COMMONWEALTH BANK OF AUSTRALIA
COVENTRY GROUP LIMITED
CRA LIMITED
CSR LIMITED
DELTA GOLD N.L.
EMAIL LIMITED
ENERGY RESOURCES OF AUSTRALIA LIMITED
FAI INSURANCES LIMITED
FOSTER'S BREWING GROUP LIMITED
FUTURIS CORPORATION LIMITED
F.H. FAULDING & CO LIMITED
GEORGE WESTON FOODS LIMITED
GOLD MINES OF KALGOORLIE LIMITED
GWALIA CONSOLIDATED LIMITED
G.E. CRANE HOLDINGS LIMITED
HARVEY NORMAN HOLDINGS LIMITED
HILLS INDUSTRIES LIMITED
HOMESTAKE GOLD OF AUSTRALIA LIMITED
HUDSON CONWAY LIMITED
ICI AUSTRALIA LIMITED
INCITEC LIMITED
JAMES HARDIE INDUSTRIES LIMITED
JUPITERS LIMITED
KIDSTON GOLD MINES LIMITED
LEIGHTON HOLDINGS LIMITED
LEND LEASE CORPORATION LIMITED
MAYNE NICKLESS LIMITED
METAL MANUFACTURES LIMITED
METWAY BANK LIMITED
MILDARA BLASS LIMITED
MIRVAC LIMITED
MOUNT LEYSHON GOLD MINES LIMITED
NATIONAL AUSTRALIA BANK LIMITED
NATIONAL CONSOLIDATED LIMITED
NATIONAL FOODS LIMITED
NIUGINI MINING LIMITED
NORMANDY MINING LIMITED
NORTH FLINDERS MINES LIMITED
NORTH LIMITED
OIL SEARCH LIMITED
OPSM PROTECTOR LIMITED
ORBITAL ENGINE CORPORATION LIMITED
PACIFIC BBA LIMITED
PACIFIC DUNLOP LIMITED
PASMINCO LIMITED
PERPETUAL TRUSTEES AUSTRALIA LIMITED
PETER KURTS PROPERTIES LIMITED
PIONEER INTERNATIONAL LIMITED
PLACER PACIFIC LIMITED
PLUTONIC RESOURCES LIMITED
POSGOLD LIMITED
PUBLISHING AND BROADCASTING LIMITED
QBE INSURANCE GROUP LIMITED
QCT RESOURCES LIMITED
Q.U.F. INDUSTRIES LIMITED
RGC LIMITED
ROTHMANS HOLDINGS LIMITED
RURAL PRESS LIMITED
SANTOS LIMITED
SCHRODERS PROPERTY FUND
SIDDONS RAMSET LIMITED
SONS OF GWALIA LIMITED
SOUTHCORP HOLDINGS LIMITED
SPICERS PAPER LIMITED
SPOTLESS GROUP LIMITED
SPOTLESS SERVICES LIMITED
TUBEMAKERS OF AUSTRALIA LIMITED
VILLAGE ROADSHOW LIMITED
WASHINGTON H SOUL PATTINSON & CO LIMITED
WATTYL LIMITED
WESFARMERS LIMITED
WESTFIELD HOLDINGS LIMITED
WESTPAC BANKING CORPORATION
WESTRALIAN SANDS LIMITED
WMC LTD
WOODSIDE PETROLEUM LIMITED
W.D. & H.O. WILLS HOLDINGS LIMITED
<PAGE>

NEW ZEALAND
BRIERLEY INVESTMENTS LIMITED
CARTER HOLT HARVEY LTD.
DB GROUP LIMITED
FERNZ CORPORATION LIMITED
FISHER & PAYKEL INDUSTRIES LIMITED
FLETCHER CHALLENGE ORDINARY DIVISION
INDEPENDENT NEWSPAPERS LIMITED
LION NATHAN LIMITED
SANFORD LIMITED
STEEL & TUBE HOLDINGS LTD.
TELECOM CORPORATION OF NEW ZEALAND
WILSON & HORTON LIMITED

AUSTRIAN NATIONAL EQUITY INDEX
AGRANA BETEILIGUNGS AG
BANK AUSTRIA AG
BANK FUER KAERNTEN UND STEIERMARK AG
BANK FUER OBEROESTERREICH UND SALZBURG
CONSTANTIA ISO HOLDING
CONSTANTIA VERPACKINGEN
CREDITANSTALT-BANKVEREIN AG
DIE ERSTE OESTERREICH. SPAR-CASSE-BANK
EA-GENERALI AG
ENERGIE-VERSORGUNG NIEDEROESTERREICH AG
INTERUNFALL VERSICHERUNG AG
LEIPNIK-LUNDENBURGER INDUSTRIE AG
LENZING AG
MACULAN HOLDING AG
MAUTNER MARKHOF NAHRUNGS- & GENUSSMITTEL
NETTINGSDORFER BETEILIGUNGS AG
OEMV AG
OESTERREICHISCHE BRAU-BETEILIGUNGS-AG
OESTERREICHISCHE ELEKTRIZITAETSWIRTSCH.
OESTERREICHISCHE VOLKSBANKEN AG
PERLMOOSER ZEMENTWERKE AG
SCA LAAKIRCHEN AG
STRABAG OESTERREICH AG
VEITSCH-RADEX AG FUER FEUERFESTE ERZEUG
VERSICHERUNGSANSTALT DER BUNDESLANDER AG
VORARLBERGER KRAFTWERKE AG

BELGIUM/LUXEMBOURG
NATIONAL EQUITY INDEX
ACKERMANS & VAN HAAREN SA
ALMANIJ-KREDIETBANK GROUP
AUDIOFINA-CIE LUX POUR AUDIO-VIS & FINA
BANQUE BELGO-ZAIROISE SA
BANQUE BRUXELLES LAMBERT
BANQUE GENERALE DU LUXEMBOURG SA
BANQUE INDOSUEZ BELGIQUE SA
BANQUE INTERNATIONALE A LUXEMBOURG SA
BANQUE NATIONALE DE BELGIQUE
BARCO (BELGIAN AMERICAN RADIO CORP.)
BEKAERT NV
BELCOFI SA
BREDERODE SA
CIE FINANCIERE EUROPEENNE ET D'OUTRE-MER
CIE GRAND DUCALE D'ELEC DU LUXEMBOURG
CIMENTERIES CBR CEMENTBEDRIJVEN SA
COLRUYT ETN FR NV
COMPAGNIE BELGE DE PARTICIPATIONS PARIBA
COMPAGNIE D'ENTREPRISES CFE SA
COMPAGNIE IMMOBILIERE DE BELGIQUE SA
COMPAGNIE NATIONALE A PORTEFEUILLE SA
CREDIT A L'INDUSTRIE SA, STE NATIONAL DE
CREDIT GENERAL SOCIETE ANONYME DE BANQUE
DECEUNINCK PLASTICS INDUSTRIES SA
DESIMPEL KORTEMARK COMPANY SA
ELECTRABEL SA
ELECTRAFINA
ENTREPRISES QUILMES SA
ETABLIS. DELHAIZE FRERES & CIE LE LION
FORTIS AG
GENERALE DE BANQUE SA
GEVAERT-PHOTO PRODUITS SA
GIB SA
GROUPE BRUXELLES LAMBERT SA
HENNUYERE D'EXPANSION SA
INVESTERINGS-EN BELEGGINGSMAATSCHAPPIJ
KREDIETBANK NV
KREDIETBANK SA LUXEMBOURGEOISE
LUXEMPART SA
MINORCO SA
MOSANE SA
PETROFINA SA
POWERFIN SA
QUILMES INDUSTRIAL SA
ROYALE BELGE SA
SIPEF SA
SOCFINASIA SA
SOCIETE BELGE DES BETONS SA
SOCIETE GENERALE DE BELGIQUE SA
SOFINA SA
SOLVAY SA
TESSENDERLO CHEMIE SA
TRACTEBEL SA
UCB SA

CANADIAN NATIONAL EQUITY INDEX
ABITIBI-PRICE INC.
ACKLANDS LIMITED
AGNICO-EAGLE MINES LIMITED
ALBERTA ENERGY COMPANY LTD.
ALBERTA NATURAL GAS CO. LTD.
ALCAN ALUMINIUM LIMITED
ALGOMA CENTRAL CORPORATION
ANDERSON EXPLORATION LTD
ASTRAL COMMUNICATIONS INC.
ATCO LTD.
AVENOR INC.
BANISTER FOUNDATION INC.
BANK OF MONTREAL
BANK OF NOVA SCOTIA (THE)
BARRICK GOLD CORPORATION
BARRINGTON PETROLEUM LTD.
BATON BROADCASTING INC.
BC GAS INC
BC SUGAR REFINERY, LIMITED
BC TELECOM INC
BCE INC.
BCE MOBILE COMMUNICATIONS INC.
BGR PRECIOUS METALS INC.
BOMBARDIER INC.
BRASCAN LIMITED
BRUNCOR INC.
<PAGE>
CABRE EXPLORATION LTD
CAE INC.
CAMBIOR INC.
CAMCO INCORPORATED
CAMECO CORPORATION
CANADA MALTING CO. LIMITED
CANADIAN IMPERIAL BANK OF COMMERCE
CANADIAN MARCONI COMPANY
CANADIAN NATURAL RESOURCES LIMITED
CANADIAN OCCIDENTAL PETROLEUM LTD.
CANADIAN TIRE CORPORATION LIMITED
CANADIAN UTILITIES LTD.
CANAM MANAC GROUP
CANFOR CORPORATION
CANWEST GLOBAL COMMUNICATIONS CORP.
CARA OPERATIONS LIMITED
CASCADES INC
CCL INDUSTRIES LTD.
CELANESE CANADA INC.
CFCF INC.
CHAUVCO RESOURCES LTD.
CHUM LIMITED
CINEPLEX ODEON CORPORATION
CINRAM LTD.
COGECO INC.
COGNOS INCORPORATED
COMINCO LTD.
CONSUMERS PACKAGING INC.
CONWEST EXPLORATION COMPANY LTD
CORBY DISTILLERS LIMITED
COREL CORPORATION
CO-STEEL INC.
COTT CORPORATION
CRESTBROOK FOREST INDUSTRIES LTD
DOFASCO INC.
DOMAN INDUSTRIES LIMITED
DOMINION TEXTILE INC.
DOMTAR INC.
DONOHUE INC.
DUNDEE BANCORP INC
DUPONT CANADA INC.
ECHO BAY MINES LTD.
EDPER GROUP LIMITED
E-L FINANCIAL CORPORATION LIMITED
ELAN ENERGY INC
EMPIRE COMPANY LIMITED
ENSERV CORPORATION
EURO-NEVADA MINING CORP.
EXTENDICARE INC.
FAIRFAX FINANCIAL HOLDINGS LIMITED
FINNING LTD
FIRST MARATHON INC.
FORTIS INC.
FOUR SEASONS HOTELS LTD.
FRANCO NEVADA MINING CORP. LTD.
GEAC COMPUTER CORPORATION LTD.
GENDIS INC.
GLAMIS GOLD LTD.
GRANGES INC.
GREYHOUND LINES OF CANADA LTD.
GROUPE VIDEOTRON LTEE LE
G.T.C. TRANSCONTINENTAL GROUP LTD.
HARRIS STEEL GROUP INC.
HEES INTERNATIONAL BANCORP INC.
HEMLO GOLD MINES INC.
HOLLINGER INC.
HORSHAM CORPORATION (THE)
HUDSON'S BAY COMPANY
IMASCO LIMITED
IMPERIAL OIL LIMITED
INCO LIMITED
INMET MINING CORPORATION
INTERNATIONAL COLIN ENERGY CORPORATION
INTERNATIONAL FOREST PRODUCTS LIMITED
INTERPROVINCIAL STEEL & PIPE (IPSCO)
INVERNESS PETROLEUM LTD
INVESTORS GROUP, INC.
JANNOCK LIMITED
JEAN COUTU GROUP (PJC) INC. (THE)
KAUFEL GROUP LTD.
KERR ADDISON MINES LIMITED
LAIDLAW INC.
LEON'S FURNITURE LIMITED
LINAMAR CORPORATION
LOBLAW COMPANIES LIMITED
LOEWEN GROUP INC. (THE)
LONDON INSURANCE GROUP INC.
MACKENZIE FINANCIAL CORPORATION
MACMILLAN BLOEDEL LIMITED
MAGNA INTERNATIONAL INC.
MAPLE LEAF FOODS INC.
MARITIME TELEGRAPH & TELEPHONE CO., LTD.
MARKBOROUGH PROPERTIES INC.
MDS HEALTH GROUP LIMITED
METHANEX CORPORATION
METRO-RICHELIEU INC.
MIDLAND WALWYN INC.
MITEL CORPORATION
MOFFAT COMMUNICATIONS LIMITED
MOLSON COMPANIES LIMITED (THE)
MOORE CORPORATION LIMITED
MORRISON PETROLEUM
NATIONAL BANK OF CANADA
NATIONAL TRUSTCO INC
NEWBRIDGE NETWORKS CORPORATION
NEWTEL ENTERPRISES LTD.
NOMA INDUSTRIES LIMITED
NORANDA FOREST INC.
NORANDA INC.
NORCEN ENERGY RESOURCES LIMITED
NORTH WEST COMPANY INC. (THE)
NORTHERN TELECOM LIMITED
NORTHSTAR ENERGY CORPORATION
NOWSCO WELL SERVICE LTD.
NUMAC ENERGY INC.
ONEX CORPORATION
OSHAWA GROUP LIMITED (THE)
PANCANADIAN PETROLEUM LIMITED
PARAMOUNT RESOURCES LTD
PETRO-CANADA ENTERPRISES INC.
PHILIP ENVIRONMENTAL INC
PINNACLE RESOURCES LTD.
PLACER DOME, INC.
POTASH CORP OF SASKATCHEWAN INC.
POWER FINANCIAL CORPORATION
PREMDOR INC.
<PAGE>
PROVIGO INC.
QUEBECOR INC.
QUEBEC-TELEPHONE
RANGER OIL LIMITED
RAYROCK YELLOWKNIFE RESOURCES INC.
REITMANS (CANADA) LIMITED
RENAISSANCE ENERGY LTD.
RIO ALGOM LIMITED
ROTHMANS INC.
ROYAL BANK OF CANADA
ROYAL OAK MINES INC.
SAMUEL MANU-TECH INC.
SCEPTRE RESOURCES LIMITED
SCHNEIDER CORPORATION
SCOTT PAPER LIMITED
SCOTT'S HOSPITALITY INC.
SEAGRAM COMPANY LTD. (THE)
SEARS CANADA INC.
SEMI-TECH CORPORATION
SHAW COMMUNICATIONS INC.
SHAW INDUSTRIES LTD.
SHELL CANADA LTD.
SHL SYSTEMHOUSE INC.
SLOCAN FOREST PRODUCTS LTD.
SNC LAVALIN GROUP INC.
SOUTHAM INC.
SPAR AEROSPACE LIMITED
STELCO INC.
ST. LAWRENCE CEMENT INC.
TALISMAN ENERGY INC.
TARRAGON OIL & GAS LIMITED
TCG INTERNATIONAL INC.
TECK CORPORATION
TELEGLOBE INC.
TELUS CORPORATION
TEMBEC INC.
THOMSON CORPORATION
TORONTO DOMINION BANK (THE)
TORSTAR CORPORATION
TRANSCANADA PIPELINES LIMITED
TRI LINK RESOURCES LTD.
TRIMAC LIMITED
TVX GOLD INC.
UAP INC.
ULSTER PETROLEUM LTD.
UNICAN SECURITY SYSTEMS LTD.
UNITED CORPORATIONS LTD.
UNITED DOMINION INDUSTRIES LTD.
VICEROY RESOURCE CORPORATION
WAJAX LIMITED
WASCANA ENERGY INC
WELDWOOD OF CANADA LIMITED
WEST FRASER TIMBER CO. LTD.
WESTCOAST ENERGY INC
WESTON (GEORGE) LIMITED
WHARF RESOURCES LIMITED
WIC WESTERN INTERNATIONAL COMMUNICATIONS
XEROX CANADA INC.

DUTCH NATIONAL EQUITY INDEX
ABN AMRO HOLDING N.V.
AEGON N.V.
AHREND NV
AKZO NOBEL N.V.
ASSURANTIECONCERN STAD ROTTERDAM N.V.
ATAG HOLDING N.V.
BEERS N.V.
CAP VOLMAC GROUP NV
CROWN VAN GELDER PAPIERFABRIEKEN N.V.
CSM N.V.
DE BOER WINKELBEDRIJVEN N.V.
DE NATIONALE INVESTERINGSBANK N.V.
DELFT INSTRUMENTS NV
DRAKA HOLDING NV
DSM N.V.
ELSEVIER N.V.
ERIKS HOLDING N.V.
FORTIS AMEV NV
GAMMA HOLDING NV
GETRONICS N.V.
HAGEMEYER N.V.
HEINEKEN N.V.
HOLLANDSCHE BETON GROEP NV
HUNTER DOUGLAS N.V.
IHC CALAND N.V.
ING GROEP N.V.
INTERNATIO-MUELLER N.V.
KLM KONINKLIJKE LUCHTVAART MAATSCHAPPIJ
KON NEDERLANDSCHE PETROLEUM MAATSCHAPPIJ
KONINKLIJKE AHOLD NV
KONINKLIJKE BAM GROEP N.V.
KONINKLIJKE BEGEMANN GROEP NV
KONINKLIJKE BOSKALIS WESTMINSTER N.V.
KONINKLIJKE FRANS MAAS GROEP N.V.
KONINKLIJKE GIST-BROCADES N.V.
KONINKLIJKE GROLSCH NV
KONINKLIJKE NEDLLOYD N.V.
KONINKLIJKE PAKHOED N.V.
KONINKLIJKE TEN CATE N.V.
KONINKLIJKE VAN OMMEREN N.V.
KONINKLIJKE VOLKER STEVIN N.V.
MACINTOSH N.V.
NKF HOLDING N.V.
NORIT N.V.
NV HOLDINGMAATSCHAPPIJ DE TELEGRAAF
NV KONINKLIJKE BIJENKORF BEHEER KBB
NV KONINKLIJKE KNP BT
NV TWENTSCHE KABEL HOLDING
NV VERENIGD BEZIT VNU
N.V. GTI HOLDING
N.V. HOEK'S MACHINE- EN ZUURSTOFFABRIEK
N.V. KONINKLIJKE SPHINX GUSTAVSBERG
N.V. VERENIGDE BEDRIJVEN NUTRICIA
OCE-VAN DER GRINTEN N.V.
OTRA N.V.
PHILIPS ELECTRONICS N.V.
POLYGRAM N.V.
POLYNORM N.V.
RANDSTAD HOLDING N.V.
RODAMCO N.V.
SAMAS-GROEP N.V.
STORK N.V.
UNILEVER N.V.
VAN DER GIESSEN-DE NOORD NV
WOLTERS KLUWER N.V.
<PAGE>

FRENCH NATIONAL EQUITY INDEX
ACCOR SA
ALCATEL ALSTHOM CIE GENERALE D'ELEC. SA
ALCATEL CABLE SA
ALSACIENNE DE PARTICIP, IND. (ALSPI)
ASSURANCES GENERALES DE FRANCE SA
AXA SA
BAIL INVESTISSEMENT SA
BANQUE NATIONALE DE PARIS INTERCONTINENT
BANQUE NATIONALE DE PARIS SA
BANQUE PARIBAS
BAZAR DE L'HOTEL DE VILLE SA
BERTRAND FAURE SA
BOIRON SA
BONGRAIN SA
BOUYGUES SA
BP FRANCE SA
BURELLE SA
BUT SA
CANAL +
CARDIF SA
CARNAUDMETALBOX SA
CARREFOUR SA
CASINO GUICHARD PERRACHON SA
CASTORAMA DUBOIS INVESTISSEMENTS SCA
CEP COMMUNICATION SA
CFF-COMPAGNIE FRANCAISE DES FERRAILLES
CGIP-CIE GENERALE D'INDUSTRIE ET DE PART
CHARGEURS SA
CHRISTIAN DALLOZ SA
CHRISTIAN DIOR SA
CIE FINANCIERE JEAN PAUL ELKANN SA
CIE. DES SALINS DU MIDI ET DES SALINES
CLARINS SA
COLAS SA
COMPAGNIE BANCAIRE SA
COMPAGNIE DE FIVES-LILLE SA
COMPAGNIE DE NAVIGATION MIXTE SA
COMPAGNIE DE SAINT-GOBAIN SA
COMPAGNIE DE SUEZ SA
COMPAGNIE FINANCIERE DE PARIBAS
COMPAGNIE GENERALE DES EAUX SA
COMPAGNIE SAUPIQUET SA
COMPAGNIE UAP SA
COMPTOIR LYON ALEMAND LOUYOT
COMPTOIRS MODERNES SA
CO. FIN. DE CIC ET DE L'UNION EUROPEENNE
CREDIT AGRICOLE DE LA BRIE
CREDIT AGRICOLE DE LA GIRONDE
CREDIT AGRICOLE DE L'ISERE
CREDIT AGRICOLE DE LOIRE-ATLANTIQUE
CREDIT AGRICOLE DU MORBIHAN
CREDIT AGRICOLE DU NORD
CREDIT COMMERCIAL DE FRANCE SA
CREDIT FONCIER DE FRANCE SA
CREDIT LOCAL DE FRANCE SA
CREDIT NATIONAL SA
C.P.R. CIE PARISIENNE DE REESCOMPTE
DASSAULT ELECTRONIQUE SA
DE DIETRICH ET CIE SA
DEGREMONT SA
DMC-DOLLFUS-MIEG & CIE SA
DOCKS DE FRANCE SA
DYNACTION SA
EAU ET FORCE SA
ECCO SA
ECCO TRAVAIL TEMPORAIRE SA
ECIA-EQUIP. & COMPOSANTS POUR L'IND AUTO
EIFFAGE SA
ELF AQUITAINE SA
ELYO SA
ELYSEE INVESTISSEMENTS SA
EMIN-LEYDIER SA
ERIDANIA BEGHIN-SAY SA
ESSILOR INTERNATIONAL SA
ESSO SAF
ETABLISSEMENTS GANTOIS SA
EURAFRANCE SA
EURO RSCG WORLDWIDE SA
EUROPE 1 COMMUNICATION SA
FFP-STE FONCIERE, FINANCIERE & PARTICIP.
FILIPACCHI MEDIAS SA
FINANCIERE INDUSTRIELLE GAZ ET EAUX SA
FINANCIERE SOGEPARC SA
FINEXTEL SA
FONCIERE SA
COMPAGNIE FROMAGERIES BEL SA
FRUCTIVIE SA
GASCOGNE SA
GAUMONT SA
GENEFIM SA
GROUPE ANDRE SA
GROUPE DANONE SA
GROUPE DE LA CITE SA
GROUPE ORTIZ GROUPE SEB SA
GROUPEMENT POUR FINANCEMENT CONSTRUCTION
GTM-ENTREPOSE SA
GUILBERT SA
GUYENNE ET GASCOGNE SA
HAVAS SA
IDIA-IST DE DEVEL DES IND. AGRIC. ET ALI
IMETAL SA
IMMOBILIER COMPLEXES COMMERCIAUX SA
IMMOBILIERE MARSEILLAISE, SOCIETE
JEAN LEFEBVRE SA
KLEPIERRE SA
LA CARBONIQUE SCA
LA CONCORDE COMPAGNIE D'ASSURANCES SA
LA FOURMI IMMOBILIERE SA
LA RADIOTECHNIQUE SA
LA ROCHETTE
LABINAL SA
LAFARGE SA
LAGARDERE GROUPE SCA
L'AIR LIQUIDE SA
LEGRAND SA
LOCINDUS SA
L'OREAL SA
LVMH MOET-HENNESSY LOUIS VUITTON SA
LYONNAISE DES EAUX SA
MANUTAN SA
MARIE BRIZARD ET ROGER INTERNATIONAL SA
MARINE - WENDEL SA
MICHEL THIERRY SA
MOULINEX SA
<PAGE>
NORD EST SA
OLIPAR SA
PARFINANCE SA
PARIS ORLEANS SA
PECHINEY INTERNATIONAL SA
PERNOD RICARD SA
PEUGEOT SA
PINAULT-PRINTEMPS REDOUTE SA
PLASTIC OMNIUM, COMPAGNIE
POLIET SA
PRIMAGAZ-CIE DES GAZ DE PETROLE PRIMAGAZ
PROMODES SA
PUBLICIS SA
RALLYE SA
REMY COINTREAU SA
REXEL SA
ROCHEFORTAISE COMMUNICATION SA, SOCIETE
ROUSSEL UCLAF SA
RUE IMPERIALE DE LYON SA
SADE-STE ALSACIENNE DE DEVELOP & D'EXPAN
SAGEM SA
SAINT LOUIS SA
SAINT-GOBAIN EMBALLAGE SA
SALOMON SA
SALVEPAR-STE ALS & LOR VALEURS, ENT PAR
SANOFI SA
SEFIMEG-STE FRAN INVEST IMMOB ET DE GEST
SELECTIBANQUE SA
SILEC-STE INDUSTRIELLE DE LIAISONS ELECT
SILIC-STE IMMOB LOC POUR L'INDUS & COMM
SIMCO SA
SITA-STE INDUST TRANSPORTS AUTOMOBILES
SKIS ROSSIGNOL SA
SLIGOS SA
SMOBY SA
SOCIETE BIC SA
SOCIETE DES IMMEUBLES DE FRANCE SA
SOCIETE DU LOUVRE-GROUPE DU LOUVRE SA
SOCIETE FINANCIERE IMMOBAIL SA
SOCIETE FINANCIERE IMMOBANQUE SA
SOCIETE FINANCIERE INTERBAIL SA
SOCIETE FONCIERE LYONNAISE SA
SOCIETE GENERALE DE FRANCE SA
SOCIETE GENERALE D'ENTERPRISES SA
SODEXHO SA
SOMMER-ALLIBERT SA
SOUDURE AUTOGENE FRANCAISE SA
SOVAC SA
SPIR COMMUNICATION SA
STE DES BAINS DE MER & DU CERC DES ETRAN
STE D'OXYGENE ET D'ACTYLENE D'EX. ORIENT
STE SUCRIERE DE PITHIVIERS LE VIEIL SA
SYNTHELABO SA
TAITTINGER SA
TELEVISION FRANCAISE 1 SA-TF1
THOMSON-CSF SA
TOTAL SA
UIF-UNION IMMOBILIERE DE FRANCE SA
UNIBAIL SA
UNION FRANCAISE DE BANQUES LOCABAIL SA
VALEO SA
VALLOUREC SA
VIA BANQUE SA
VIA-GENERALE DE TRANSPORT ET D'INDUSTRIE
VIRBAC SA
WORMS ET COMPAGNIE SCA
ZODIAC SA

GERMAN NATIONAL EQUITY INDEX
AACHENER UND MUENCHENER BETEILIGUNGS-AG
AGAB AG FUER ANLAGEN UND BETEILIGUNGEN
AGIV AG FUER INDUSTRIE UND VERKEHRSWESEN
ALLIANZ AG HOLDING
ALLIANZ LEBENSVERSICHERUNGS AG
ALTANA AG
AVA ALLG. HANDELSGES. D. VERBRAUCHER AG
AXEL SPRINGER VERLAG AG
BADENWERK AG
BADEN-WUERTTEMBERGISCHE BANK AG
BANKGESELLSCHAFT BERLIN AG
BARMAG AG
BASF AG
BAYER AG
BAYERISCHE HANDELSBANK AG
BAYERISCHE HYPOTHEKEN- UND WECHSEL-BANK
BAYERISCHE MOTOREN WERKE AG
BAYERISCHE VEREINSBANK AG
BAYWA AG
BEIERSDORF AG
BERLINER ELEKTRO HOLDING AG
BERLINER KRAFT- UND LICHT (BEWAG)-AG
BHF BANK AG
BILFINGER + BERGER BAU-AG
BINDING BRAUEREI AG
BIOTEST AG
BRAU UND BRUNNEN AG
BREMER VULKAN VERBUND AG
BREMER WOLL - KAEMMEREI AG
BUDERUS AG
CKAG COLONIA KONZERN AG
COLONIA LEBENSVERSICHERUNG AG
COMPUTER 2000 AG
CONTIGAS DEUTSCHE ENERGIE-AG
CONTINENTAL AG
DAIMLER-BENZ AG
DBV HOLDING AG
DEGUSSA AG
DEUTSCHE BABCOCK AG
DEUTSCHE BANK AG
DEUTSCHE CENTRALBODENKREDIT AG
DEUTSCHE HYPOTHEKENBANK FRANKFURT AG
DEUTSCHE LUFTHANSA AG
DEUTSCHE PFANDBRIEF- & HYPOTHEKENBANK AG
DEUTSCHE SB-KAUF AG
DLW AG
DOUGLAS HOLDING AG
DRAEGERWERK AG
DRESDNER BANK AG
DUERR BETEILIGUNGS-AG
DYCKERHOFF AG
DYCKERHOFF & WIDMANN AG
ENERGIEVERSORGUNG OSTBAYERN AG
ESCADA AG
FAG KUGELFISCHER GEORG SCHAEFER KGAA
FELTEN & GUILLEAUME ENERGIETECHNIK AG
FLACHGLAS AG
<PAGE>
FRANKFURTER HYPOTHEKENBANK AG
FRESENIUS AG
FRIED. KRUPP AG HOESCH-KRUPP
FUCHS PETROLUB AG OEL + CHEMIE
GEA AG
GEHE AG
GELSENWASSER AG
GERRESHEIMER GLAS AG
HACH AG
HAMBURGISCHE ELECTRICITAETS-WERKE AG
HARPEN AG
HEIDELBERGER ZEMENT AG
HENKEL KGAA
HERLITZ AG
HOCHTIEF AG VORM. GEBR. HELFMANN
HOECHST AG
HOLSTEN-BRAUEREI AG
HORNBACH HOLDING AG
HUGO BOSS AG
HYPOTHEKENBANK IN HAMBURG AG
IKB DEUTSCHE INDUSTRIEBANK AG
INDUSTRIEVERWALTUNGSGESELLSCHAFT AG
IWKA AG
JUNGHEINRICH AG
KAMPA-HAUS AG
KARSTADT AG
KAUFHALLE AG
KAUFHOF HOLDING AG
KAUFRING AG
KM EUROPA METAL AG
KOELNISCHE RUECKVERSICHERUNGS-GESELLSCH.
KOENIG & BAUER ALBERT AG
KRAFTUEBERTRAGUNGSWERKE RHEINFELDEN AG
KRONES AG H. KRONSEDER MASCHINENFABRIK
KSB AG
KUNERT AG
KWS KLEINWANZLEBENER SAATZUCHT AG
LAHMEYER AG FUER ENERGIEWIRTSCHAFT
LEIFHEIT AG
LINDE AG
MAN AG
MANNESMANN AG
MANNHEIMER VERSICHERUNG AG
MINERALBRUNNEN UEBERKINGEN-TEINACH AG
MUENCHENER RUECKVERSICHERUNGS-GES. AG
NORDCEMENT AG
NUERNBERGER BETEILIGUNGS-AG
OLDENBURGISCHE LANDESBANK AG
PAULANER-SALVATOR-BETEILIGUNGS-AG
PHILIPP HOLZMANN AG
PREUSSAG AG
PWA PAPIERWERKE WALDHOF-ASCHAFFENBURG AG
RHEINBODEN HYPOTHEKENBANK AG
RHEINELEKTRA AG
RHEINMETALL BERLIN AG
RHOEN-KLINIKUM AG
RWE AKTIENGESELLSCHAFT
SALAMANDER AG
SAP AG
SCHAERF AG
SCHERING AG
SCHMALBACH-LUBECA AG
SIEMENS AG
STOEHR & CO AG
STRABAG AG
STUTTGARTER BANK AG
SUED-CHEMIE AG
SUEDZUCKER AG
THUEGA AG
THYSSEN INDUSTRIE AG
TH. GOLDSCHMIDT AG
TRIUMPH INTERNATIONAL AG
VARTA AG
VARTA AG
VBH VEREINIGTER BAUBESCHLAG-HANDEL AG
VEBA AG
VEREINS- UND WESTBANK AG
VEW AG
VIAG AG
VICTORIA HOLDING AG
VICTORIA VERSICHERUNG AG
VILLEROY & BOCH AG
VK MUEHLEN AG
VOSSLOH AG
WALTER BAU-AG
WELLA AG
WERU AG
WMF WUERTTEMBERGISCHE METALLWARENFAB. AG
WUENSCHE AG
WUERTTEMBERGISCHE AG VERSICHERUNGS-BET.

GLOBAL INDEX
1ST SOURCE CORPORATION 1
3COM CORPORATION 1
AACHENER UND MUENCHENER BETEILIGUNGS-AG 2
AAMULEHTI-YHTYMA OY 2
AAR CORPORATION 1
AARHUS OLIEFABRIK A/S 2
AARON RENTS, INC. 1
AB CHIPS OY LTD 2
ABBEY NATIONAL PLC 2
ABBOTT LABORATORIES 1
ABERFOYLE LIMITED 2
ABITIBI-PRICE INC. 2
ABM INDUSTRIES, INC. 1
ABN AMRO HOLDING N.V. 2
ACCEPTANCE INSURANCE COMPANIES INC. 1
ACCLAIM ENTERTAINMENT, INC. 1
ACCOR SA 2
ACERINOX S.A. 2
ACETO CORPORATION 1
ACHILLES CORPORATION 2
ACKERMANS & VAN HAAREN SA 2
ACKLANDS LIMITED 2
ACME METALS INCORPORATED 1
ACME-CLEVELAND CORPORATION 1
ACORDIA, INC. 1
ACUSON CORPORATION 1
ACXIOM CORP. 1
ADAC LABORATORIES 1
ADAPTEC INC 1
ADC TELECOMMUNICATIONS, INCORPORATED 1
ADDINGTON RESOURCES, INC. 1
ADELAIDE BRIGHTON LIMITED 2
ADERANS COMPANY LIMITED 2
ADOBE SYSTEMS INCORPORATED 1
<PAGE>
ADVANCE BANK AUSTRALIA LIMITED 2
ADVANCE CIRCUITS, INC. 1
ADVANCED LOGIC RESEARCH, INC. 1
ADVANCED MICRO DEVICES, INC. 1
ADVANTA CORP. 1
ADVANTEST CORPORATION 2
ADVEST GROUP, INC. (THE) 1
ADVO, INC. 1
ADWEST GROUP PLC 2
AEDES SPA LIGURE LOMB. IMPRESE E CONST 2
AEGON N.V. 2
AEL INDUSTRIES, INC. 1
AEROFLEX INCORPORATED 1
AES CORPORATION (THE) 1
AETNA LIFE & CASUALTY COMPANY 1
AFLAC INCORPORATED 1
AGA AB 2
AGAB AG FUER ANLAGEN UND BETEILIGUNGEN 2
AGIV AG FUER INDUSTRIE UND VERKEHRSWESEN 2
AGNICO-EAGLE MINES LIMITED 2
AGRANA BETEILIGUNGS AG 2
AHREND NV 2
AHRESTY CORPORATION 2
AICA KOGYO COMPANY, LTD. 2
AICHI BANK, LTD. 2
AICHI CORPORATION 2
AICHI ELECTRIC CO., LTD. 2
AICHI MACHINE INDUSTRY CO., LTD. 2
AICHI STEEL WORKS, LIMITED 2
AICHI TOKEI DENKI CO., LTD. 2
AICHI TOYOTA MOTOR CO., LTD. 2
AIDA ENGINEERING, LTD. 2
AIGAN CO., LTD. 2
AIPHONE CO., LTD. 2
AIR EXPRESS INTERNATIONAL CORPORATION 1
AIR PRODUCTS AND CHEMICALS, INC. 1
AIRBORNE FREIGHT CORPORATION 1
AIRGAS, INC. 1
AIRLEASE LTD., A CALIFORNIA LTD PTNRSHP 1
AIRTOURS PLC 2
AISAN INDUSTRY CO., LTD. 2
AISIN SEIKI CO., LTD. 2
AIWA CO., LTD. 2
AJINOMOTO CO., INC. 2
AKER A.S 2
AKITA BANK LTD. 2
AKZO NOBEL N.V. 2
ALANDSBANKEN AB 2
ALASKA AIR GROUP, INC. 1
ALBANI BRYGGERIERNE A/S 2
ALBANK FINANCIAL CORPORATION 1
ALBANY INTERNATIONAL CORP. 1
ALBERT FISHER GROUP PLC 2
ALBERTA ENERGY COMPANY LTD. 2
ALBERTA NATURAL GAS CO. LTD. 2
ALBERTO-CULVER COMPANY 1
ALBERTO-CULVER COMPANY 1
ALBERTSON'S, INCORPORATED 1
ALCAN ALUMINIUM LIMITED 2
ALCATEL ALSTHOM CIE GENERALE D'ELEC. SA 2
ALCATEL CABLE SA 2
ALCATEL STK A/S 2
ALCO STANDARD CORPORATION 1
ALEXANDER & BALDWIN INC. 1
ALFA CORPORATION 1
ALFA S.A. DE C.V. 2
ALFRED MCALPINE PLC 2
ALGOMA CENTRAL CORPORATION 2
ALICO, INC. 1
ALLEANZA ASSICURAZIONI SPA 2
ALLEGHANY CORPORATION 1
ALLEGHENY LUDLUM CORPORATION 1
ALLEGHENY POWER SYSTEM, INC. 1
ALLEN GROUP INC. (THE) 1
ALLEN ORGAN COMPANY 1
ALLERGAN, INC. 1
ALLGON AB 2
ALLIANCE CAPITAL MANAGEMENT L.P. 1
ALLIANT TECHSYSTEMS INC. 1
ALLIANZ AG HOLDING 2
ALLIANZ LEBENSVERSICHERUNGS AG 2
ALLIED COLLOIDS GROUP P.L.C. 2
ALLIED DOMECQ PLC 2
ALLIED GROUP, INC. 1
ALLIED LONDON PROPERTIES PLC 2
ALLIED PRODUCTS CORPORATION 1
ALLIED TEXTILE COMPANIES PLC 2
ALLIEDSIGNAL, INC. 1
ALLMERICA PROPERTY & CASUALTY CO'S. 1
ALLTEL CORPORATION 1
ALLWASTE, INC. 1
ALMANIJ-KREDIETBANK GROUP 2
ALM. BRAND A/S 2
ALPHARMA, INC. 1
ALPINE ELECTRONICS, INC. 2
ALSACIENNE DE PARTICIP, IND. (ALSPI) 2
ALTANA AG 2
ALTERA CORPORATION 1
ALTRON, INCORPORATED 1
ALUMINUM COMPANY OF AMERICA 1
ALUSUISSE-LONZA HOLDING AG 2
ALZA CORPORATION 1
AMADA SONOIKE CO., LTD. 2
AMANO CORPORATION 2
AMATSUJI STEEL BALL MFG. CO., LTD. 2
AMBAC INC. 1
AMC ENTERTAINMENT INC. 1
AMCAST INDUSTRIAL CORPORATION 1
AMCOL INTERNATIONAL CORPORATION 1
AMCOR LIMITED 2
AMCORE FINANCIAL, INC. 1
AMDAHL CORPORATION 1
AMERICA WEST AIRLINES, INC. 1
AMERICAN ANNUITY GROUP, INC. 1
AMERICAN BANKERS INSURANCE GROUP INC. 1
AMERICAN BILTRITE INC. 1
AMERICAN BRANDS, INC. 1
AMERICAN BUSINESS PRODUCTS, INC. 1
AMERICAN ELECTRIC POWER COMPANY, INC. 1
AMERICAN EXPRESS COMPANY 1
AMERICAN FILTRONA CORPORATION 1
AMERICAN FINANCIAL GROUP, INC. 1
AMERICAN GENERAL CORPORATION 1
AMERICAN GREETINGS CORPORATION 1
AMERICAN HERITAGE LIFE INVESTMENT CORP 1
AMERICAN HOME PRODUCTS CORPORATION 1
<PAGE>
AMERICAN INTERNATIONAL GROUP, INC. 1
AMERICAN MANAGEMENT SYSTEMS, INC 1
AMERICAN MEDICAL RESPONSE, INC. 1
AMERICAN NATIONAL INSURANCE CO. 1
AMERICAN POWER CONVERSION CORPORATION 1
AMERICAN PRESIDENT COMPANIES, LTD. 1
AMERICAN RE CORPORATION 1
AMERICAN REAL ESTATE PARTNERS, L.P. 1
AMERICAN STORES COMPANY 1
AMERICAN WATER WORKS COMPANY, INC. 1
AMERICREDIT CORP. 1
AMERITECH CORPORATION 1
AMERON, INC. 1
AMERSHAM INTERNATIONAL PLC 2
AMER-YHTYMA OY 2
AMETEK, INCORPORATED 1
AMGEN, INC. 1
AMOCO CORPORATION 1
AMOY PROPERTIES LIMITED 2
AMP INCORPORATED 1
AMPCO-PITTSBURGH CORPORATION 1
AMPHENOL CORPORATION 1
AMR CORPORATION 1
AMRESCO, INC. 1
AMSCO INTERNATIONAL, INC. 1
AMSOUTH BANCORPORATION 1
AMTROL INC. 1
AMTSSPAREKASSEN FYN A/S 2
AMVESTORS FINANCIAL CORP. 1
ANADARKO PETROLEUM CORPORATION 1
ANALOG DEVICES, INC. 1
ANALOGIC CORPORATION 1
ANALYSTS INTERNATIONAL CORPORATION 1
ANDERSON EXPLORATION LTD 2
ANDO CORPORATION 2
ANDREW CORPORATION 1
ANDROS INCORPORATED 1
ANGELICA CORPORATION 1
ANGLIAN WATER PLC 2
ANHEUSER-BUSCH COMPANIES, INC. 1
ANNTAYLOR STORES CORPORATION 1
ANRITSU CORPORATION 2
ANTHONY INDUSTRIES, INC. 1
ANTOFAGASTA HOLDINGS PLC 2
AOKI INTERNATIONAL CO., LTD. 2
AOMORI BANK, LTD. 2
AON CORPORATION 1
AOYAMA TRADING CO., LTD. 2
APACHE CORPORATION 1
APASCO S.A. DE C.V. 2
APOGEE ENTERPRISES, INC. 1
APPLE COMPUTER, INC. 1
APPLEYARD GROUP PLC 2
APPLIED MATERIALS, INC. 1
APPLIED POWER INC. 1
AQUARION COMPANY 1
ARABIAN OIL COMPANY, LTD. 2
ARAI-GUMI, LTD. 2
ARAYA INDUSTRIAL CO., LTD. 2
ARBOR DRUGS, INC. 1
ARCHER DANIELS MIDLAND COMPANY 1
ARCO CHEMICAL COMPANY 1
ARCTCO, INC. 1
ARGONAUT GROUP, INC. 1
ARGOS PLC 2
ARGYLL GROUP PLC 2
ARISAWA MFG. CO., LTD. 2
ARJO WIGGINS APPLETON PLC 2
ARMOR ALL PRODUCTS CORPORATION 1
ARMSTRONG WORLD INDUSTRIES, INC. 1
ARNOLD INDUSTRIES 1
ARNOLDO MONDADORI EDITORE SPA 2
ARNOTTS LIMITED 2
ARROW ELECTRONICS, INC. 1
ARROW FINANCIAL CORPORATION 1
ARTISOFT, INC. 1
ARVIN INDUSTRIES, INC. 1
ASAHI BANK, LTD. 2
ASAHI BREWERIES, LTD. 2
ASAHI BROADCASTING CORPORATION 2
ASAHI CHEMICAL INDUSTRY CO., LTD. 2
ASAHI CONCRETE WORKS CO., LTD. 2
ASAHI DENKA KOGYO K.K. 2
ASAHI DIAMOND INDUSTRIAL CO., LTD. 2
ASAHI GLASS COMPANY, LIMITED 2
ASAHI KOGYOSHA CO., LTD. 2
ASAHI ORGANIC CHEMICALS INDUSTRY CO.LTD. 2
ASAHI TEC CORPORATION 2
ASAHIPEN CORPORATION 2
ASAHI-SEIKI MANUFACTURING CO., LTD. 2
ASAKAWAGUMI CO., LTD. 2
ASANUMA CORPORATION 2
ASARCO INCORPORATED 1
ASATSU INC. 2
ASDA GROUP PLC 2
ASDA PROPERTIES HOLDINGS PLC 2
ASEA AB 2
ASHIKAGA BANK, LTD. (THE) 2
ASHIMORI INDUSTRY CO., LTD. 2
ASHLAND COAL, INC. 1
ASHLAND INC. 1
ASHTEAD GROUP PLC 2
ASHTON MINING LIMITED 2
ASIA AIR SURVEY CO., LTD. 2
ASIA FINANCIAL HOLDINGS LIMITED 2
ASLAND, S.A. 2
ASSICURAZIONI GENERALI SPA 2
ASSOCIATED BANC-CORP 1
ASSOCIATED BRITISH FOODS PLC 2
ASSOCIATED BRITISH PORTS HOLDINGS PLC 2
ASSURANCES GENERALES DE FRANCE SA 2
ASSURANTIECONCERN STAD ROTTERDAM N.V. 2
ASTEC (BSR) PLC 2
ASTRA AB 2
ASTRAL COMMUNICATIONS INC. 2
ASTURIANA DE ZINC, S.A. 2
ATAG HOLDING N.V. 2
ATARI CORPORATION 1
ATCO LTD. 2
ATLANTA GAS LIGHT CO. 1
ATLANTIC ENERGY, INC. 1
ATLANTIC RICHFIELD COMPANY 1
ATLANTIC SOUTHEAST AIRLINES, INC. 1
ATLAS COPCO AB 2
ATMEL CORPORATION 1
ATMOS ENERGY CORPORATION 1
<PAGE>
ATSUGI NYLON INDUSTRIAL CO., LTD. 2
ATWOOD OCEANICS, INC. 1
AT&T CORP. 1
AT&T GLOBAL INFOR. SOLUTIONS JAPAN LTD. 2
AUDIOFINA-CIE LUX POUR AUDIO-VIS & FINA 2
AUGAT INC. 1
AUSTIN REED GROUP PLC 2
AUSTRALIA AND NEW ZEALAND BANKING GROUP 2
AUSTRALIAN CHEMICAL HOLDINGS LIMITED 2
AUSTRALIAN GAS LIGHT COMPANY (THE) 2
AUSTRALIAN NATIONAL INDUSTRIES LIMITED 2
AUTHENTIC FITNESS CORPORATION 1
AUTOBACS SEVEN CO., LTD. 2
AUTODESK, INC. 1
AUTOMATIC DATA PROCESSING, INC. 1
AUTOPISTAS CONCESIONARIA ESPANOLA S.A. 2
AUTOPISTAS DEL MARE NOSTRUM S.A. 2
AUTOSTRADE CON. E COST. AUTOSTRADE SPA 2
AUTOZONE, INC. 1
AVA ALLG. HANDELSGES. D. VERBRAUCHER AG 2
AVEMCO CORPORATION 1
AVENOR INC. 2
AVERY DENNISON CORPORATION 1
AVESTA SHEFFIELD AB 2
AVIR FINANZIARIA SPA 2
AVNET, INC. 1
AVON PRODUCTS, INC. 1
AVON RUBBER PLC 2
AVONDALE INDUSTRIES, INC. 1
AWA BANK, LTD. 2
AWA LIMITED 2
AWAJI FERRY BOAT CO., LTD. 2
AWILCO AS 2
AXA SA 2
AXEL SPRINGER VERLAG AG 2
AYDIN CORPORATION 1
AZTAR CORPORATION 1
A/S BERGENS SKILLINGSBANK 2
A/S BONHEUR 2
A/S DAMPSKIBSSELSKABET TORM 2
A/S DET OSTASIATISKE KOMPAGNI 2
A/S GANGER ROLF 2
A/S NORDISK SOLAR COMPAGNI 2
A/S NORDLANDSBANKEN 2
A/S NORRESUNDBY BANK 2
A/S PHONIX CONTRACTORS 2
A/S POTAGUA 2
A/S TH. WESSEL & VETT, MAGASIN DU NORD 2
A/S VEIDEKKE 2
BAA PLC 2
BADENWERK AG 2
BADEN-WUERTTEMBERGISCHE BANK AG 2
BAER HOLDING AG 2
BAIL INVESTISSEMENT SA 2
BAIRNCO CORPORATION 1
BAKER HUGHES, INC. 1
BAKER (J.) INC. 1
BALDOR ELECTRIC COMPANY 1
BALDWIN PIANO & ORGAN COMPANY 1
BALDWIN TECHNOLOGY COMPANY, INC. 1
BALL CORPORATION 1
BALLARD MEDICAL PRODUCTS 1
BALTIMORE GAS AND ELECTRIC COMPANY 1
BANC ONE CORPORATION 1
BANCA AGRICOLA MANTOVANA SCRL 2
BANCA AGRICOLA MILANESE SPA 2
BANCA DELLA PROVINCIA DI NAPOLI SPA 2
BANCA DI ROMA 2
BANCA FIDEURAM SPA 2
BANCA NAZIONALE DEL LAVORO SPA 2
BANCA POPOLARE DELL'EMILIA ROMAGNA SCARL 2
BANCA POPOLARE DI BERGAMO CRED VARESINO 2
BANCA POPOLARE DI CREMA SCARL 2
BANCA POPOLARE DI CREMONA SCARL 2
BANCA POPOLARE DI INTRA SCARL 2
BANCA POPOLARE DI MILANO SCRL 2
BANCA POPOLARE DI NOVARA SCRL 2
BANCA SAN PAOLO DI BRESCIA SPA 2
BANCA TOSCANA SPA 2
BANCO AMBROSIANO VENETO SPA 2
BANCO ATLANTICO S.A. 2
BANCO BILBAO VIZCAYA, S.A. 2
BANCO CENTRAL HISPANOAMERICANO S.A. 2
BANCO DE VALENCIA S.A. 2
BANCO DI CHIAVARI E DELLA RIVIERA LIGURE 2
BANCO DI NAPOLI SPA 2
BANCO DI SARDEGNA SPA 2
BANCO EXTERIOR DE ESPANA S.A. 2
BANCO HERRERO S.A. 2
BANCO PASTOR S.A. 2
BANCO POPULAR ESPANOL 2
BANCO SANTANDER, S.A. 2
BANCO ZARAGOZANO S.A. 2
BANCORP HAWAII, INC. 1
BANCORPSOUTH, INC. 1
BANCTEC, INC. 1
BANDAG, INCORPORATED 1
BANDAI CO., LTD. 2
BANDO CHEMICAL INDUSTRIES, LTD. 2
BANG & OLUFSEN HOLDING A/S 2
BANGOR HYDRO-ELECTRIC COMPANY 1
BANISTER FOUNDATION INC. 2
BANK AUSTRIA AG 2
BANK FUER KAERNTEN UND STEIERMARK AG 2
BANK FUER OBEROESTERREICH UND SALZBURG 2
BANK OF BOSTON CORPORATION 1
BANK OF EAST ASIA, LIMITED 2
BANK OF FUKUOKA, LTD. 2
BANK OF GRANITE CORPORATION 1
BANK OF IKEDA, LTD. 2
BANK OF KANSAI, LTD. 2
BANK OF KINKI, LTD. 2
BANK OF KYOTO, LTD. 2
BANK OF MELBOURNE LIMITED 2
BANK OF MONTREAL 2
BANK OF NAGOYA, LTD. 2
BANK OF NEW HAMPSHIRE CORPORATION 1
BANK OF NEW YORK COMPANY, INC. (THE) 1
BANK OF NOVA SCOTIA (THE) 2
BANK OF OKINAWA, LTD. 2
BANK OF OSAKA, LTD. 2
BANK OF QUEENSLAND LIMITED 2
BANK OF SAGA LTD. 2
BANK OF SCOTLAND (GOVERNOR & COMPANY) 2
BANK OF THE RYUKYUS, LIMITED 2
BANK OF TOKYO, LTD. 2
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BANK OF YOKOHAMA, LTD. 2
BANK SOUTH CORPORATION 1
BANKAMERICA CORPORATION 1
BANKATLANTIC BANCORP, INC. 1
BANKERS FIRST CORP. 1
BANKERS TRUST NEW YORK CORPORATION 1
BANKGESELLSCHAFT BERLIN AG 2
BANKINTER S.A. 2
BANKNORTH GROUP, INC. 1
BANNER AEROSPACE, INC. 1
BANPONCE CORPORATION 1
BANQUE BELGO-ZAIROISE SA 2
BANQUE BRUXELLES LAMBERT 2
BANQUE CANTONALE VAUDOISE 2
BANQUE GENERALE DU LUXEMBOURG SA 2
BANQUE INDOSUEZ BELGIQUE SA 2
BANQUE INTERNATIONALE A LUXEMBOURG SA 2
BANQUE NATIONALE DE BELGIQUE 2
BANQUE NATIONALE DE PARIS INTERCONTINENT 2
BANQUE NATIONALE DE PARIS SA 2
BANQUE PARIBAS 2
BANTA CORPORATION 1
BANYU PHARMACEUTICAL CO., LTD. 2
BARCLAYS PLC 2
BARCO (BELGIAN AMERICAN RADIO CORP.) 2
BARD, (C.R.) INC. 1
BARMAG AG 2
BARNES GROUP, INC. 1
BARNETT BANKS, INC. 1
BARR LABORATORIES, INC. 1
BARRATT DEVELOPMENTS PLC 2
BARRETT RESOURCES CORPORATION 1
BARRICK GOLD CORPORATION 2
BARRINGTON PETROLEUM LTD. 2
BARRY (R.G.) CORPORATION 1
BASF AG 2
BASS PLC 2
BASSETT FURNITURE INDUSTRIES,INC. 1
BASTOGI SPA 2
BATON BROADCASTING INC. 2
BAUSCH & LOMB INCORPORATED 1
BAXTER INTERNATIONAL, INC. 1
BAY STATE GAS COMPANY 1
BAYBANKS, INC. 1
BAYER AG 2
BAYERISCHE HANDELSBANK AG 2
BAYERISCHE HYPOTHEKEN- UND WECHSEL-BANK 2
BAYERISCHE MOTOREN WERKE AG 2
BAYERISCHE VEREINSBANK AG 2
BAYWA AG 2
BAZAR DE L'HOTEL DE VILLE SA 2
BBA GROUP PLC 2
BBC BROWN BOVERI AG 2
BC GAS INC 2
BC SUGAR REFINERY, LIMITED 2
BC TELECOM INC 2
BCE INC. 2
BCE MOBILE COMMUNICATIONS INC. 2
BEAR STEARNS COMPANIES INC. (THE) 1
BEARINGS, INC. 1
BEATTIE, JAMES PLC 2
BECKMAN INSTRUMENTS, INC. 1
BECTON, DICKINSON AND COMPANY 1
BED BATH & BEYOND INC. 1
BEERS N.V. 2
BEIERSDORF AG 2
BEKAERT NV 2
BEL FUSE INC. 1
BELCOFI SA 2
BELL ATLANTIC CORPORATION 1
BELL INDUSTRIES, INC. 1
BELLSOUTH CORPORATION 1
BELLWAY PLC 2
BELO (A.H.) CORPORATION 1
BEMIS COMPANY, INC. 1
BEMROSE CORPORATION PLC 2
BEN & JERRY'S HOMEMADE 1
BENEFICIAL CORPORATION 1
BENETTON SPA 2
BENSON EYECARE CORPORATION 1
BENTALLS PLC 2
BERGEN BRUNSWIG CORPORATION 1
BERGESEN D.Y. A/S 2
BERISFORD PLC 2
BERKLEY, W.R. CORPORATION 1
BERKSHIRE HATHAWAY INC. 1
BERLINER ELEKTRO HOLDING AG 2
BERLINER KRAFT- UND LICHT (BEWAG)-AG 2
BERNARD MATTHEWS PLC 2
BERRY PETROLEUM COMPANY 1
BERTRAND FAURE SA 2
BESPAK PLC 2
BEST BUY CO., INC. 1
BEST DENKI CO., LTD. 2
BET HOLDINGS, INC. 1
BET PLC 2
BETHLEHEM STEEL CORPORATION 1
BETZ LABORATORIES 1
BEVERLY ENTERPRISES, INC. 1
BGR PRECIOUS METALS INC. 2
BHC COMMUNICATIONS, INC. 1
BHF BANK AG 2
BI GROUP PLC 2
BICC PLC 2
BIG B, INC. 1
BILFINGER + BERGER BAU-AG 2
BILTON PLC 2
BINDING BRAUEREI AG 2
BINDLEY WESTERN INDUSTRIES INC. 1
BINKS MANUFACTURING COMPANY 1
BIOCRAFT LABORATORIES, INC. 1
BIOFERMIN PHARMACEUTICAL CO., LTD. 2
BIOGEN, INC. 1
BIOMET, INCORPORATED 1
BIO-RAD LABORATORIES, INC 1
BIOTEST AG 2
BIOWHITTAKER, INC. 1
BIRKBY PLC 2
BIRMINGHAM STEEL CORPORATION 1
BIWAKO BANK, LIMITED 2
BJ SERVICES COMPANY 1
BLACK HILLS CORPORATION 1
BLACK & DECKER CORPORATION (THE) 1
BLAGDEN INDUSTRIES PLC 2
BLAIR CORPORATION 1
BLESSINGS CORPORATION 1
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BLOCK DRUG COMPANY, INC. 1
BLOCK, (H & R) INC. 1
BLOUNT INTERNATIONAL, INC 1
BLUE CIRCLE INDUSTRIES PLC 2
BMC INDUSTRIES, INC. 1
BMC SOFTWARE, INC. 1
BMC WEST CORPORATION 1
BOATMEN'S BANCSHARES, INC. 1
BOB EVANS FARMS, INC. 1
BOBST AG 2
BODDINGTON GROUP PLC (THE) 2
BODY SHOP INTERNATIONAL PLC 2
BODYCOTE INTERNATIONAL PLC 2
BOEING COMPANY (THE) 1
BOIRON SA 2
BOISE CASCADE CORPORATION 1
BOK FINANCIAL CORPORATION 1
BOLIG- OG NARINGSBANKEN AS 2
BOLT BERANEK AND NEWMAN INC. 1
BOMBARDIER INC. 2
BOMBAY COMPANY, INC. (THE) 1
BONGRAIN SA 2
BONIFICHE SIELE FINANZIARIA SPA 2
BOOKER PLC 2
BOOLE & BABBAGE, INC. 1
BOOTS COMPANY PLC 2
BORAL LIMITED 2
BORDEN CHEMICALS & PLASTICS L.P. 1
BOSSARD HOLDING AG 2
BOSTON BANCORP 1
BOSTON EDISON COMPANY 1
BOUYGUES SA 2
BOWATER INCORPORATED 1
BOWNE & CO., INC. 1
BOWTHORPE PLC 2
BP FRANCE SA 2
BPB INDUSTRIES PLC 2
BRADFORD PROPERTY TRUST PLC 2
BRADY (W.H.) COMPANY 1
BRAKE BROS PLC 2
BRAMBLES INDUSTRIES LIMITED 2
BRAMMER PLC 2
BRASCAN LIMITED 2
BRAU UND BRUNNEN AG 2
BRAUEREI EICHHOF AG 2
BREDERODE SA 2
BREED TECHNOLOGIES, INC. 1
BREMER VULKAN VERBUND AG 2
BREMER WOLL - KAEMMEREI AG 2
BRENCO INCORPORATED 1
BRENTON BANKS, INC. 1
BRICKWORKS LIMITED 2
BRIDGESTONE CORPORATION 2
BRIERLEY INVESTMENTS LIMITED 2
BRIGGS & STRATTON CORPORATION 1
BRINKER INTERNATIONAL, INC. 1
BRISTOL EVENING POST PLC 2
BRISTOL WATER HOLDINGS PLC 2
BRISTOL-MYERS SQUIBB CO. 1
BRITISH AIRWAYS PLC 2
BRITISH GAS PLC 2
BRITISH LAND COMPANY PLC 2
BRITISH PETROLEUM COMPANY PLC (THE) 2
BRITISH POLYTHENE INDUSTRIES PLC 2
BRITISH TELECOMMUNICATIONS PLC 2
BRITISH VITA PLC 2
BRITISH-BORNEO PETROLEUM SYNDICATE PLC 2
BRIXTON ESTATE PLC 2
BROADWAY STORES, INC. 1
BRODERBUND SOFTWARE, INC. 1
BRODRENE HARTMANN A/S 2
BROKEN HILL PROPRIETARY COMPANY LIMITED 2
BROOKLYN UNION GAS COMPANY (THE) 1
BROOKTREE CORPORATION 1
BROTHER INDUSTRIES, LTD. 2
BROWN GROUP, INCORPORATED 1
BROWN-FORMAN CORPORATION 1
BROWNING-FERRIS INDUSTRIES, INC. 1
BROWN, N GROUP PLC 2
BRUNCOR INC. 2
BRUNSWICK CORPORATION 1
BRUSH WELLMAN INC. 1
BRYANT GROUP PLC 2
BSB BANCORP, INC. 1
BSG INTERNATIONAL PLC 2
BSS GROUP PLC (THE) 2
BT FINANCIAL CORPORATION 1
BTP PLC 2
BTR NYLEX LIMITED 2
BTR PLC 2
BUCHER HOLDING AG 2
BUCKEYE PARTNERS, L.P. 1
BUDERUS AG 2
BUDGENS PLC 2
BUFFETS, INC. 1
BULL-DOG SAUCE CO., LTD. 2
BULLOUGH PLC 2
BUNKA SHUTTER CO., LTD 2
BUNZL PLC 2
BURELLE SA 2
BURFORD HOLDINGS PLC 2
BURLINGTON COAT FACTORY WAREHOUSE CORP. 1
BURLINGTON INDUSTRIES, INC. 1
BURLINGTON NORTHERN SANTA FE CORP. 1
BURLINGTON RESOURCES INC. 1
BURMAH CASTROL PLC 2
BURNS, PHILP AND COMPANY LIMITED 2
BURR-BROWN CORPORATION 1
BURTON GROUP PLC (THE) 2
BUSH INDUSTRIES, INC. 1
BUT SA 2
BUTLER MANUFACTURING COMPANY 1
BWI PLC 2
BW/IP, INC. 1
B.A.T. INDUSTRIES PLC 2
B.M.J. FINANCIAL CORP. 1
C U C INTERNATIONAL, INC. 1
CAB SPA 2
CABIN CO., LTD. 2
CABLE AND WIRELESS PLC 2
CABLETRON SYSTEMS, INC. 1
CABOT CORPORATION 1
CABRE EXPLORATION LTD 2
CACI INTERNATIONAL INC. 1
CADBURY SCHWEPPES PLC 2
CADENCE DESIGN SYSTEMS, INC. 1
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CADMUS COMMUNICATIONS CORPORATION 1
CAE INC. 2
CAFE DE CORAL HOLDINGS LIMITED 2
CAGLE'S, INC. 1
CAIRN ENERGY PLC 2
CAL FED BANCORP INC. 1
CALEDONIA INVESTMENTS PLC 2
CALGON CARBON CORPORATION 1
CALIBER SYSTEM, INC. 1
CALIFORNIA ENERGY COMPANY, INC. 1
CALIFORNIA FINANCIAL HOLDING CO. 1
CALIFORNIA MICROWAVE, INC. 1
CALIFORNIA WATER SERVICE COMPANY 1
CALLAWAY GOLF COMPANY 1
CALMAT CO. 1
CALOR GROUP PLC 2
CALPIS FOOD INDUSTRY CO., LTD. 2
CALSONIC CORPORATION 2
CALTEX AUSTRALIA LIMITED 2
CAMBIOR INC. 2
CAMBREX CORPORATION 1
CAMCO INCORPORATED 2
CAMECO CORPORATION 2
CAMFIN SPA GRUPPO CAM 2
CAMPBELL SOUP COMPANY 1
CANADA MALTING CO. LIMITED 2
CANADIAN IMPERIAL BANK OF COMMERCE 2
CANADIAN MARCONI COMPANY 2
CANADIAN NATURAL RESOURCES LIMITED 2
CANADIAN OCCIDENTAL PETROLEUM LTD. 2
CANADIAN TIRE CORPORATION LIMITED 2
CANADIAN UTILITIES LTD. 2
CANAL + 2
CANAM MANAC GROUP 2
CANANDAIGUA WINE COMPANY, INC. 1
CANFOR CORPORATION 2
CANON ELECTRONICS INC. 2
CANON INC. 2
CANWEST GLOBAL COMMUNICATIONS CORP. 2
CAP VOLMAC GROUP NV 2
CAPE COD BANK & TRUST CO. 1
CAPE PLC 2
CAPITAL AND REGIONAL PROPERTIES PLC 2
CAPITAL CITIES/ABC, INC. 1
CARA OPERATIONS LIMITED 2
CARADON PLC 2
CARCLO ENGINEERING GROUP PLC 2
CARDIF SA 2
CARDINAL HEALTH, INC. 1
CAREMARK INTERNATIONAL, INC. 1
CARLISLE COMPANIES INCORPORATED 1
CARLSBERG A/S 2
CARLTON COMMUNICATIONS PLC 2
CARMIKE CINEMAS, INC. 1
CARNAUDMETALBOX SA 2
CARNIVAL CORPORATION 1
CAROLINA POWER & LIGHT COMPANY 1
CARPENTER TECHNOLOGY CORPORATION 1
CARREFOUR SA 2
CARTER HOLT HARVEY LTD. 2
CASCADE CORPORATION 1
CASCADE NATURAL GAS CORPORATION 1
CASCADES INC 2
CASEY'S GENERAL STORES, INC. 1
CASH AMERICA INTERNATIONAL, INC. 1
CASINO GUICHARD PERRACHON SA 2
CASIO COMPUTER CO., LTD. 2
CASTLE (A.M.) & COMPANY 1
CASTORAMA DUBOIS INVESTISSEMENTS SCA 2
CATALINA MARKETING CORPORATION 1
CATER ALLEN HOLDINGS PLC 2
CATERPILLAR, INC. 1
CATHAY PACIFIC AIRWAYS LIMITED 2
CATTLES PLC 2
CAVALIER HOMES, INC. 1
CBI INDUSTRIES, INC. 1
CCB FINANCIAL CORP. 1
CCH, INC. 1
CCL INDUSTRIES LTD. 2
C-CUBE CORPORATION 2
CDI CORPORATION 1
CEDAR FAIR, L.P. 1
CELANESE CANADA INC. 2
CELLULOSE ATTISHOLZ AG 2
CEMENTIR CEMENTERIE DEL TIRRENO SPA 2
CEMENTOS PORTLAND S.A. 2
CEMEX S.A. 2
CENTERIOR ENERGY CORPORATION 1
CENTEX CORPORATION 1
CENTRAL AND SOUTHWEST CORPORATION 1
CENTRAL AUTOMOTIVE PRODUCTS LTD. 2
CENTRAL FIDELITY BANKS, INC. 1
CENTRAL FINANCE CO., LTD. 2
CENTRAL HUDSON GAS & ELECTRIC CORP. 1
CENTRAL LOUISIANA ELECTRIC COMPANY, INC. 1
CENTRAL MAINE POWER COMPANY 1
CENTRAL NEWSPAPERS, INC. 1
CENTRAL SECURITY PATROLS CO., LTD. 2
CENTRAL SPRINKLER CORPORATION 1
CENTRAL VERMONT PUBLIC SERVICE CORP 1
CENTROS COMERCIALES PRYCA S.A. 2
CENTURA BANKS, INC. 1
CENTURY TELEPHONE ENTERPRISES, INC. 1
CEP COMMUNICATION SA 2
CERNER CORPORATION 1
CESAR CO. 2
CFCF INC. 2
CFF-COMPAGNIE FRANCAISE DES FERRAILLES 2
CGIP-CIE GENERALE D'INDUSTRIE ET DE PART 2
CHAIN STORE OKUWA CO., LTD. 2
CHAMPION ENTERPRISES, INC. 1
CHAMPION INTERNATIONAL CORPORATION 1
CHAPARRAL STEEL COMPANY 1
CHARGEURS SA 2
CHARMING SHOPPES, INC. 1
CHARTER PLC 2
CHASE MANHATTAN CORPORATION 1
CHAUVCO RESOURCES LTD. 2
CHECKERS DRIVE-IN RESTAURANTS, INC. 1
CHECKPOINT SYSTEMS, INC. 1
CHEMED CORPORATION 1
CHEMFAB CORPORATION 1
CHEMICAL BANKING CORPORATION 1
CHEMINOVA HOLDING A/S 2
CHERRY CORPORATION 1
CHESAPEAKE CORPORATION 1
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CHESAPEAKE UTILITIES CORP. 1
CHESTERFIELD PROPERTIES PLC 2
CHEUNG KONG (HOLDINGS) LIMITED 2
CHEVRON CORPORATION 1
CHIBA BANK, LTD. 2
CHIBA KOGYO BANK, LTD. 2
CHIC BY H.I.S., INC. 1
CHICHIBU ONODA CEMENT CORPORATION 2
CHINA AEROSPACE INTERNATIONAL HDGS LTD 2
CHINA LIGHT & POWER COMPANY, LIMITED 2
CHINA MOTOR BUS CO., LTD. 2
CHIRON CORPORATION 1
CHITTENDEN CORPORATION 1
CHIYODA CORPORATION 2
CHIYODA FIRE & MARINE INSURANCE CO., LTD 2
CHOCK FULL O'NUTS CORPORATION 1
CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG 2
CHRIS-CRAFT INDUSTRIES, INC. 1
CHRISTIAN DALLOZ SA 2
CHRISTIAN DIOR SA 2
CHRISTIAN HANSEN HOLDING A/S 2
CHRISTIAN SALVESEN PLC 2
CHRISTIANA COMPANIES, INC. 1
CHRISTIES INTERNATIONAL PLC 2
CHRYSLER CORPORATION 1
CHUBB CORPORATION 1
CHUBU ELECTRIC POWER COMPANY, INC. 2
CHUBU GAS COMPANY, LTD. 2
CHUBU SHIRYO CO., LTD. 2
CHUBU STEEL PLATE CO., LTD. 2
CHUBU SUISAN CO., LTD. 2
CHUBU-NIPPON BROADCASTING CO., LTD. 2
CHUDENKO CORPORATION 2
CHUGAI PHARMECEUTICAL CO., LTD. 2
CHUGAI RO CO., LTD. 2
CHUGOKU BANK, LTD. 2
CHUGOKU ELECTRIC POWER COMPANY, INC. 2
CHUGOKU MARINE PAINTS, LTD. 2
CHUGOKUKOGYO CO., LTD. 2
CHUKYO BANK, LIMITED 2
CHUKYO COCA-COLA BOTTLING CO., LTD. 2
CHUM LIMITED 2
CHUO GYORUI CO., LTD. 2
CHUO MALLEABLE IRON CO., LTD. 2
CHUO PAPERBOARD CO., LTD. 2
CHUO SPRING CO., LTD. 2
CHUO TRUST & BANKING COMPANY, LIMITED 2
CHUO WAREHOUSE CO., LTD. 2
CHURCH & CO PLC 2
CHURCH & DWIGHT CO., INC. 1
CIBA-GEIGY AG 2
CIE FINANCIERE EUROPEENNE ET D'OUTRE-MER 2
CIE FINANCIERE JEAN PAUL ELKANN SA 2
CIE GRAND DUCALE D'ELEC DU LUXEMBOURG 2
CIE. DES SALINS DU MIDI ET DES SALINES 2
CIFRA, S.A. DE C.V. 2
CIGNA CORPORATION 1
CILCORP, INC. 1
CIMENTERIES CBR CEMENTBEDRIJVEN SA 2
CINCINNATI BELL INC. 1
CINCINNATI FINANCIAL CORPORATION 1
CINCINNATI MILACRON INC. 1
CINEPLEX ODEON CORPORATION 2
CINERGY CORP. 1
CINRAM LTD. 2
CINTAS CORPORATION 1
CIPSCO INCORPORATED 1
CIRCA PHARMACEUTICALS, INC. 1
CIRCON CORPORATION 1
CIRCUIT CITY STORES, INC. 1
CIRCUS CIRCUS ENTERPRISES, INC. 1
CIRRUS LOGIC, INC. 1
CISCO SYSTEMS, INC. 1
CITIC PACIFIC LTD. 2
CITICORP 1
CITIZEN WATCH CO., LTD. 2
CITIZENS BANKING CORPORATION 1
CITIZENS UTILITIES COMPANY 1
CITY CENTRE RESTAURANTS PLC 2
CITY NATIONAL CORPORATION 1
CKAG COLONIA KONZERN AG 2
CKE RESTAURANTS, INC. 1
CLAIRE'S STORES, INC. 1
CLARCOR 1
CLARINS SA 2
CLAYTON HOMES, INC. 1
CLEANUP CORPORATION 2
CLEAR CHANNEL COMMUNICATIONS, INC. 1
CLEVELAND-CLIFFS INC. 1
CLOROX COMPANY 1
CLOSE BROTHERS GROUP PLC 2
CLYDE INDUSTRIES LIMITED 2
CMI CORPORATION 1
CMK CORPORATION 2
CML GROUP, INC. 1
CMS ENERGY CORPORATION 1
CNA FINANCIAL CORPORATION 1
CNB BANCSHARES, INC. 1
COACHMEN INDUSTRIES, INC. 1
COAL & ALLIED INDUSTRIES LIMITED 2
COAST SAVINGS FINANCIAL, INC. 1
COASTAL CORPORATION (THE) 1
COASTAL PHYSICIAN GROUP, INC. 1
COATS VIYELLA PLC 2
COBHAM PLC 2
COCA-COLA AMATIL LIMITED 2
COCA-COLA COMPANY (THE) 1
COCA-COLA ENTERPRISES INC. 1
COFIDE SPA CIA FINANZIARIA DE BENEDETTI 2
COGECO INC. 2
COGNEX CORPORATION 1
COGNOS INCORPORATED 2
COHERENT, INC. 1
COHU, INC. 1
COLAS SA 2
COLEMAN COMPANY, INC. (THE) 1
COLES MYER LIMITED 2
COLGATE-PALMOLIVE COMPANY 1
COLLAGEN CORPORATION 1
COLLECTIVE BANCORP, INC. 1
COLONIA LEBENSVERSICHERUNG AG 2
COLONIAL GAS COMPANY 1
COLOPLAST A/S 2
COLOR LINE AS 2
COLRUYT ETN FR NV 2
COLUMBIA GAS SYSTEM, INC. (THE) 1
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COLUMBIA/HCA HEALTHCARE CORPORATION 1
COMAIR HOLDINGS, INC. 1
COMALCO LIMITED 2
COMANY INC. 2
COMAU FINANZIARIA SPA 2
COMDISCO, INC. 1
COMERICA INCORPORATED 1
COMINCO LTD. 2
COMMERCE BANCSHARES, INC. 1
COMMERCIAL FEDERAL CORPORATION 1
COMMERCIAL INTERTECH CORP. 1
COMMERCIAL METALS COMPANY 1
COMMERCIAL UNION PLC 2
COMMONWEALTH BANK OF AUSTRALIA 2
COMMONWEALTH ENERGY SYSTEM 1
COMMUNICATION SYSTEMS, INC. 1
COMMUNITY BANK SYSTEM, INC. 1
COMMUNITY HEALTH SYSTEMS, INC. 1
COMMUNITY HOSPITALS GROUP PLC 2
COMMUNITY PSYCHIATRIC CENTERS 1
COMPAGNIA ASSICURATRICE UNIPOL SPA 2
COMPAGNIE BANCAIRE SA 2
COMPAGNIE BELGE DE PARTICIPATIONS PARIBA 2
COMPAGNIE DE FIVES-LILLE SA 2
COMPAGNIE DE NAVIGATION MIXTE SA 2
COMPAGNIE DE SAINT-GOBAIN SA 2
COMPAGNIE DE SUEZ SA 2
COMPAGNIE D'ENTREPRISES CFE SA 2
COMPAGNIE FINANCIERE DE PARIBAS 2
COMPAGNIE FINANCIERE RICHEMONT AG 2
COMPAGNIE GENERALE DES EAUX SA 2
COMPAGNIE IMMOBILIERE DE BELGIQUE SA 2
COMPAGNIE NATIONALE A PORTEFEUILLE SA 2
COMPAGNIE SAUPIQUET SA 2
COMPAGNIE UAP SA 2
COMPANIA ESPANOLA DE PETROLEOS, S.A. 2
COMPANIA SEVILLANA DE ELECTRICIDAD, S.A. 2
COMPANIA VALENCIANA DE CEMENTOS PORTLAND 2
COMPAQ COMPUTER CORPORATION 1
COMPASS BANCSHARES, INC. 1
COMPASS GROUP PLC 2
COMPTOIR LYON ALEMAND LOUYOT 2
COMPTOIRS MODERNES SA 2
COMPUSA INC. 1
COMPUTER 2000 AG 2
COMPUTER ASSOCIATES INTERNATIONAL, INC. 1
COMPUTER HORIZONS CORP. 1
COMPUTER LANGUAGE RESEARCH, INC. 1
COMPUTER PRODUCTS, INCORPORATED 1
COMPUTER SCIENCES CORPORATION 1
COMPUTER TASK GROUP, INCORPORATED 1
COMPUWARE CORPORATION 1
COMSAT CORPORATION 1
COMSHARE, INCORPORATED 1
CONAGRA INC. 1
CONCENTRIC PLC 2
CONE MILLS CORP. 1
CONNECTICUT ENERGY CORPORATION 1
CONNECTICUT NATURAL GAS CORPORATION 1
CONNECTICUT WATER SERVICE, INC. 1
CONNER PERIPHERALS, INC. 1
CONRAIL, INC. 1
CONSECO, INC. 1
CONSERVERA CAMPOFRIO SA 2
CONSOLIDATED EDISON COMPANY OF NEW YORK 1
CONSOLIDATED FREIGHTWAYS, INC. 1
CONSOLIDATED NATURAL GAS COMPANY 1
CONSOLIDATED PAPERS, INC. 1
CONSOLIDATED STORES CORPORATION 1
CONSTANTIA ISO HOLDING 2
CONSTANTIA VERPACKINGEN 2
CONSTRUCCIONES LAIN S.A. 2
CONSTRUC. Y AUXILIAR DE FERROCARRILES SA 2
CONSUMERS PACKAGING INC. 2
CONSUMERS WATER COMPANY 1
CONTIGAS DEUTSCHE ENERGIE-AG 2
CONTINENTAL AG 2
CONTINENTAL HOMES HOLDING CORP. 1
CONTINUUM COMPANY, INC. (THE) 1
CONTROLADORA COMERCIAL MEXICANA S.A. 2
CONWEST EXPLORATION COMPANY LTD 2
COOKSON GROUP PLC 2
COOPER INDUSTRIES, INC. 1
COOPER TIRE & RUBBER COMPANY 1
COORS (ADOLPH) COMPANY 1
COPYER CO., LTD. 2
CORBY DISTILLERS LIMITED 2
CORDIS CORPORATION 1
CORE INDUSTRIES INC. 1
COREL CORPORATION 2
CORESTATES FINANCIAL CORP 1
CORNING, INCORPORATED 1
CORNWELL PARKER PLC 2
CORP BANCARIA DE ESPANA, (ARGENTARIA) 2
CORPORACION FINANCIERA ALBA S.A. 2
CORPORACION INDUSTRIAL SANLUIS S.A. 2
CORPORACION MAPFRE, CIA INTL/REASEGUROS 2
CORRECTIONS CORPORATION OF AMERICA 1
COSMO OIL COMPANY, LIMITED 2
COSTA CROCIERE SPA 2
COSTAIN GROUP PLC 2
CO-STEEL INC. 2
COTT CORPORATION 2
COUNTRYSIDE PROPERTIES PLC 2
COUNTRYWIDE CREDIT INDUSTRIES, INC. 1
COURTAULDS PLC 2
COURTAULDS TEXTILES PLC 2
COURTS PLC 2
COVENTRY CORPORATION 1
COVENTRY GROUP LIMITED 2
COWIE GROUP PLC 2
CO. FIN. DE CIC ET DE L'UNION EUROPEENNE 2
CPB INC. 1
CPC INTERNATIONAL INC. 1
CPI CORPORATION 1
CRA LIMITED 2
CRACKER BARREL OLD COUNTRY STORE, INC. 1
CRANE CO. 1
CRAWFORD & CO 1
CRAY ELECTRONICS HOLDINGS PLC 2
CRAY RESEARCH, INC. 1
CREDIT A L'INDUSTRIE SA, STE NATIONAL DE 2
CREDIT AGRICOLE DE LA BRIE 2
CREDIT AGRICOLE DE LA GIRONDE 2
CREDIT AGRICOLE DE L'ISERE 2
CREDIT AGRICOLE DE LOIRE-ATLANTIQUE 2
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CREDIT AGRICOLE DU MORBIHAN 2
CREDIT AGRICOLE DU NORD 2
CREDIT COMMERCIAL DE FRANCE SA 2
CREDIT FONCIER DE FRANCE SA 2
CREDIT FONCIER VAUDOIS (CFV) 2
CREDIT GENERAL SOCIETE ANONYME DE BANQUE 2
CREDIT LOCAL DE FRANCE SA 2
CREDIT NATIONAL SA 2
CREDIT SAISON CO., LTD. 2
CREDITANSTALT-BANKVEREIN AG 2
CREDITO BERGAMASCO SPA 2
CREDITO FONDIARIO E INDUSTRIALE SPA 2
CREDITO ITALIANO SPA 2
CREST NICHOLSON PLC 2
CRESTAR FINANCIAL CORPORATION 1
CRESTBROOK FOREST INDUSTRIES LTD 2
CRODA INTERNATIONAL PLC 2
CROMPTON & KNOWLES CORPORATION 1
CROSS (A.T.) COMPANY 1
CROSSAIR AG F EURO REGIONALLUFTVERKEHR 2
CROWN CORK & SEAL COMPANY, INC. 1
CROWN CRAFTS, INC. 1
CROWN VAN GELDER PAPIERFABRIEKEN N.V. 2
CS HOLDING 2
CSK CORPORATION 2
CSM N.V. 2
CSR LIMITED 2
CSS INDUSTRIES, INC. 1
CSX CORPORATION 1
C-TEC CORPORATION 1
CTS CORPORATION 1
CUBIC CORPORATION 1
CULBRO CORPORATION 1
CULLEN/FROST BANKERS, INC. 1
CULP, INC. 1
CULTOR OY 2
CUMMINS ENGINE COMPANY, INC. 1
CURTISS-WRIGHT CORPORATION 1
CUSTOS AB 2
CVB FINANCIAL CORP. 1
CYPRESS SEMICONDUCTOR CORPORATION 1
CYPRUS AMAX MINERALS CO. 1
C.A.L.P. CRISTALLERIA ARTISTICA LA PIANA 2
C.P. POKPHAND CO. LTD 2
C.P.R. CIE PARISIENNE DE REESCOMPTE 2
C.W. OBEL A/S 2
DAEJAN HOLDINGS PLC 2
DAI NIPPON CONSTRUCTION 2
DAI NIPPON PRINTING CO., LTD. 2
DAI NIPPON TORYO CO., LTD. 2
DAIBIRU CORPORATION 2
DAICEL CHEMICAL INDUSTRIES, LTD. 2
DAI-DAN CO., LTD. 2
DAIDO HOXAN INC. 2
DAIDO KOGYO CO., LTD. 2
DAIDO METAL CO., LTD. 2
DAIDO STEEL CO., LTD. 2
DAIDO STEEL SHEET CORPORATION 2
DAIDOH LIMITED 2
DAIEI OMC INC. 2
DAIFUKU CO., LTD. 2
DAIHEN CORPORATION 2
DAIHO CORPORATION 2
DAIICHI CEMENT CO., LTD. 2
DAIICHI CORPORATION 2
DAI-ICHI HOTEL, LTD. 2
DAIICHI JITSUGYO CO., LTD. 2
DAI-ICHI KANGYO BANK, LTD. 2
DAI-ICHI KOGYO SEIYAKU CO., LTD. 2
DAIICHI PHARMACEUTICAL CO., LTD. 2
DAIKEN CORPORATION 2
DAIKIN INDUSTRIES, LTD. 2
DAIKO DENSHI TSUSHIN, LTD. 2
DAILY MAIL & GENERAL TRUST PLC 2
DAIMEI TELECOM ENGINEERING CORP. 2
DAIMLER-BENZ AG 2
DAINICHISEIKA COLOUR & CHEMICALS MFG, CO 2
DAINIPPON INK & CHEMICALS, INCORPORATED 2
DAINIPPON PHARMACEUTICAL CO., LTD. 2
DAINIPPON SHIGYO CO. LTD 2
DAIO PAPER CORPORATION 2
DAIRY FARM INTERNATIONAL HOLDINGS LTD. 2
DAISAN BANK, LTD. 2
DAISHI BANK, LTD. 2
DAISHINKU CORP. 2
DAISO CO., LTD. 2
DAISUE CONSTRUCTION CO., LTD. 2
DAITO GYORUI CO., LTD. 2
DAITO KOGYO CO., LTD. 2
DAITO SEIKI CO., LTD. 2
DAITO TRUST CONSTRUCTION CO., LTD. 2
DAI-TOKYO FIRE & MARINE INSURANCE CO. 2
DAIWA BANK, LTD. 2
DAIWA CO., LTD. 2
DAIWA HOUSE INDUSTRY CO., LTD. 2
DAIWA INDUSTRIES LTD. 2
DAIWA KOSHO LEASE CO., LTD. 2
DAIWA RAKUDA INDUSTRY CO., LTD. 2
DAIWA SEIKO, INC. 2
DALGETY PLC 2
DALLAS SEMICONDUCTOR CORPORATION 1
DAMES & MOORE, INC. 1
DAMPSKIBSSELSKABET AF 1912 A/S 2
DAMPSKIBSSELSKABET SVENDBORG A/S 2
DANA CORPORATION 1
DANAHER CORPORATION 1
DANIEL INDUSTRIES, INC. 1
DANIELI & C. OFFICINE MECCANICHE SPA 2
DANISCO A/S 2
DANKA BUSINESS SYSTEMS PLC 2
DANTANI CORPORATION 2
DANTO CORPORATION 2
DANZAS HOLDING AG 2
DASSAULT ELECTRONIQUE SA 2
DATASCOPE CORP. 1
DAUPHIN DEPOSIT CORPORATION 1
DAVID S. SMITH (HOLDINGS) PLC 2
DAVIS SERVICE GROUP PLC 2
DAWSONGROUP PLC 2
DAYTON HUDSON CORPORATION 1
DB GROUP LIMITED 2
DBV HOLDING AG 2
DE BOER WINKELBEDRIJVEN N.V. 2
DE DIETRICH ET CIE SA 2
DE LA RUE PLC 2
DE NATIONALE INVESTERINGSBANK N.V. 2
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DEAN FOODS COMPANY 1
DEAN WITTER, DISCOVER & CO. 1
DECEUNINCK PLASTICS INDUSTRIES SA 2
DEERE & COMPANY 1
DEGREMONT SA 2
DEGUSSA AG 2
DEKALB GENETICS CORPORATION 1
DEL WEBB CORPORATION 1
DELCHAMPS, INC. 1
DELFT INSTRUMENTS NV 2
DELL COMPUTER CORPORATION 1
DELMARVA POWER & LIGHT COMPANY 1
DELTA AIR LINES, INC. 1
DELTA GOLD N.L. 2
DELTA PLC 2
DELTA WOODSIDE INDUSTRIES, INC. 1
DELUXE CORPORATION 1
DEN DANSKE BANK A/S 2
DEN NORSKE AMERIKALINJE A/S 2
DENKI KOGYO CO., LTD. 2
DENKYOSHA CO., LTD. 2
DENNY'S JAPAN CO., LTD. 2
DENTSPLY INTERNATIONAL, INC. 1
DENYO CO., LTD. 2
DEPOSIT GUARANTY CORP. 1
DERWENT VALLEY HOLDINGS PLC 2
DESC S.A. DE C.V. 2
DESCENTE, LTD. 2
DESIGNS INC. 1
DESIMPEL KORTEMARK COMPANY SA 2
DESTEC ENERGY, INC. 1
DET DANSKE LUFTFARTSELSKAB A/S 2
DET DANSKE TRAELASTKOMPAGNI A/S 2
DET NORSKE LUFTFARTSELSKAP A/S 2
DEUTSCHE BABCOCK AG 2
DEUTSCHE BANK AG 2
DEUTSCHE CENTRALBODENKREDIT AG 2
DEUTSCHE HYPOTHEKENBANK FRANKFURT AG 2
DEUTSCHE LUFTHANSA AG 2
DEUTSCHE PFANDBRIEF- & HYPOTHEKENBANK AG 2
DEUTSCHE SB-KAUF AG 2
DEVON ENERGY CORPORATION 1
DEVON GROUP, INC. 1
DEWHIRST GROUP PLC 2
DEXTER CORPORATION (THE) 1
DFDS A/S 2
DH TECHNOLOGY, INC. 1
DIAGNOSTIC PRODUCTS CORP. 1
DIAL CORP. (THE) 1
DIAMOND CITY CO., LTD. 2
DIAMOND SHAMROCK, INC. 1
DICKSON CONCEPTS (INTERNATIONAL) LIMITED 2
DIE ERSTE OESTERREICH. SPAR-CASSE-BANK 2
DIEBOLD, INCORPORATED 1
DIGI INTERNATIONAL INC. 1
DIGITAL EQUIPMENT CORPORATION 1
DIGITAL MICROWAVE CORP. 1
DILLARD DEPARTMENT STORES INC. 1
DIME BANCORP, INC. 1
DIONEX CORPORATION 1
DIPLOMA PLC 2
DIPL. ING. FUST AG 2
DISNEY (WALT) COMPANY, (THE) 1
DIXONS GROUP PLC 2
DLW AG 2
DMC-DOLLFUS-MIEG & CIE SA 2
DMW CORPORATION 2
DOBSON PARK INDUSTRIES PLC 2
DOCKS DE FRANCE SA 2
DOFASCO INC. 2
DOLE FOOD COMPANY, INC. 1
DOLLAR GENERAL CORPORATION 1
DOMAN INDUSTRIES LIMITED 2
DOMINION RESOURCES, INC. (VA) 1
DOMINION TEXTILE INC. 2
DOMINO PRINTING SCIENCES PLC 2
DOMTAR INC. 2
DONALDSON COMPANY, INC. 1
DONNELLEY (R.R.) AND SONS COMPANY 1
DONOHUE INC. 2
DOUGLAS HOLDING AG 2
DOUGLAS & LOMASON CO. 1
DOVER CORPORATION 1
DOW CHEMICAL COMPANY (THE) 1
DOW JONES & COMPANY, INC. 1
DOWA FIRE & MARINE INSURANCE CO., LTD. 2
DOWDING & MILLS PLC 2
DOWNEY FINANCIAL CORP. 1
DPL INC. 1
DQE, INC. 1
DRAEGERWERK AG 2
DRAGADOS Y CONSTRUCCIONES, S.A. 2
DRAKA HOLDING NV 2
DRAVO CORPORATION 1
DRESDNER BANK AG 2
DRESS BARN, INC. (THE) 1
DRESSER INDUSTRIES, INC. 1
DREYERS GRAND ICE CREAM, INCORPORATED 1
DSC COMMUNICATIONS CORPORATION 1
DSM N.V. 2
DTE ENERGY COMPANY 1
DU PONT (E.I.) DE NEMOURS AND COMPANY 1
DUERR BETEILIGUNGS-AG 2
DUKE POWER COMPANY 1
DUN & BRADSTREET CORPORATION (THE) 1
DUNDEE BANCORP INC 2
DUPONT CANADA INC. 2
DURACELL INTERNATIONAL, INC. 1
DURAKON INDUSTRIES, INC. 1
DURIRON COMPANY, INC. (THE) 1
DUTY FREE INTERNATIONAL 1
DYCKERHOFF AG 2
DYCKERHOFF & WIDMANN AG 2
DYERSBURG CORPORATION 1
DYNACTION SA 2
DYNAMICS CORPORATION OF AMERICA 1
DYNATECH CORPORATION 1
DYNIC CORPORATION 2
DYNO INDUSTRIER A.S 2
EA-GENERALI AG 2
EAGLE INDUSTRY CO., LTD. 2
EAST MIDLANDS ELECTRICITY PLC 2
EASTERN ENTERPRISES 1
EASTERN GROUP PLC 2
EASTERN UTILITIES ASSOCIATES 1
EASTMAN KODAK COMPANY 1
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EATON CORPORATION 1
EATON VANCE CORP. 1
EAU ET FORCE SA 2
EBARA CORPORATION 2
EBRO AGRICOLAS, CIA DE ALIMENTACION SA 2
ECC INTERNATIONAL CORP. 1
ECCO SA 2
ECCO TRAVAIL TEMPORAIRE SA 2
ECHLIN INC. 1
ECHO BAY MINES LTD. 2
ECIA-EQUIP. & COMPOSANTS POUR L'IND AUTO 2
ECOLAB INC. 1
EDIPRESSE SA 2
EDISON BROTHERS STORES, INC. 1
EDISON SPA 2
EDITORIALE LA REPUBBLICA SPA 2
EDITORIALE L'ESPRESSO SPA 2
EDPER GROUP LIMITED 2
EDWARDS (A.G.), INC. 1
EG & G, INC. 1
EGETAEPPER A/S 2
EGGHEAD INC. 1
EHIME BANK, LTD. 2
EIDEN SAKAKIYA CO., LTD. 2
EIFFAGE SA 2
EIGHTEENTH BANK, LIMITED 2
EIKEN CHEMICAL CO., LTD. 2
EISAI CO., LTD. 2
EJENDOMSSELSKABET NORDEN A/S 2
EKCO GROUP, INC. 1
E-L FINANCIAL CORPORATION LIMITED 2
EL PASO NATURAL GAS CO. 1
EL PUERTO DE LIVERPOOL S.A. DE C.V. 2
ELAN ENERGY INC 2
ELCOR CORPORATION 1
ELDON AB 2
ELDRIDGE, POPE & CO. PLC 2
ELECTRA DE VIESGO, S.A. 2
ELECTRABEL SA 2
ELECTRAFINA 2
ELECTRICAS REUNIDAS DE ZARAGOZA SA 2
ELECTRO RENT CORPORATION 1
ELECTRO SCIENTIFIC INDUSTRIES, INC. 1
ELECTROCOMPONENTS PLC 2
ELECTROLUX AB 2
ELECTROMAGNETIC SCIENCES, INC. 1
ELECTRONIC ARTS, INC. 1
ELEKTRIZITAETS-GESELL. LAUFENBURG AG 2
ELEKTROWATT AG 2
ELF AQUITAINE SA 2
ELKEM A/S 2
ELLIS & EVERARD PLC 2
ELSEVIER N.V. 2
ELYO SA 2
ELYSEE INVESTISSEMENTS SA 2
EMAIL LIMITED 2
EMAP PLC 2
EMC CORPORATION 1
EMC INSURANCE GROUP INC. 1
EMERSON ELECTRIC CO. 1
EMIN-LEYDIER SA 2
EMPAQUES PONDEROSA S.A. 2
EMPIRE COMPANY LIMITED 2
EMPIRE DISTRICT ELECTRIC COMPANY 1
EMPI, INC. 1
EMPRESA NACIONAL DE ELECTRICIDAD S.A. 2
EMPRESA NAC. HIDROELEC. RIBAGORZANA 2
EMPRESAS LA MODERNA S.A. DE C.V. 2
EMS-CHEMIE HOLDING AG 2
ENERGEN CORPORATION 1
ENERGIE-VERSORGUNG NIEDEROESTERREICH AG 2
ENERGIEVERSORGUNG OSTBAYERN AG 2
ENERGY RESOURCES OF AUSTRALIA LIMITED 2
ENERGY SUPPORT CORPORATION 2
ENERGY VENTURES, INC. 1
ENERGYNORTH, INC. 1
ENGELHARD CORPORATION 1
ENGLISH CHINA CLAYS PLC 2
ENHANCE FINANCIAL SERVICES GROUP, INC. 1
ENNIS BUSINESS FORMS, INC. 1
ENOVA CORPORATION 1
ENPLAS CORPORATION 2
ENRON CORP. 1
ENRON LIQUIDS PIPELINE, L.P. 1
ENRON OIL & GAS COMPANY 1
ENSCO INTERNATIONAL INCORPORATED 1
ENSERCH CORPORATION 1
ENSERV CORPORATION 2
ENSO-GUTZEIT OY 2
ENTERGY CORPORATION 1
ENTERPRISE OIL PLC 2
ENTERRA CORPORATION 1
ENTREPRISES QUILMES SA 2
ENZO BIOCHEM, INC. 1
EQUIFAX INC. 1
EQUITABLE OF IOWA COMPANIES 1
EQUITABLE RESOURCES, INC. 1
ERICSSON SPA 2
ERIDANIA BEGHIN-SAY SA 2
ERIKS HOLDING N.V. 2
ESCADA AG 2
ESCO ELECTRONICS CORP. 1
ESSELTE AB 2
ESSILOR INTERNATIONAL SA 2
ESSO SAF 2
ESTERLINE TECHNOLOGIES CORPORATION 1
ETABLISSEMENTS GANTOIS SA 2
ETABLIS. DELHAIZE FRERES & CIE LE LION 2
ETAM PUBLIC LIMITED COMPANY 2
ETHYL CORPORATION 1
E'TOWN CORPORATION 1
EURAFRANCE SA 2
EURO RSCG WORLDWIDE SA 2
EURO-NEVADA MINING CORP. 2
EUROPE 1 COMMUNICATION SA 2
EUROPEAN MOTOR HOLDINGS PLC 2
EUROTHERM PLC 2
EVANS HALSHAW HOLDINGS PLC 2
EVANS OF LEEDS PLC 2
EVANS & SUTHERLAND COMPUTER CORPORATION 1
EVERGREEN BANCORP, INC. 1
EVERGREEN HEALTHCARE, INC. 1
EXABYTE CORPORATION 1
EXAR CORPORATION 1
EXCEL INDUSTRIES, INC. 1
EXECUTONE INFORMATION SYSTEMS, INC. 1
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EXEDY CORP. 2
EXPEDITORS INTERNAT'L OF WASHINGTON, INC 1
EXTENDICARE INC. 2
EXXON CORPORATION 1
EZAKI GLICO CO., LTD. 2
F & M NATIONAL CORPORATION 1
FAB INDUSTRIES, INC. 1
FABRICACION DE AUTOMOVILES RENAULT DE ES 2
FABRI-CENTERS OF AMERICA, INC. 1
FAG KUGELFISCHER GEORG SCHAEFER KGAA 2
FAI INSURANCES LIMITED 2
FAIREY GROUP PLC 2
FAIRFAX FINANCIAL HOLDINGS LIMITED 2
FALCON PRODUCTS, INC. 1
FAMILY DOLLAR STORES, INC. 1
FAMILYMART CO., LTD. 2
FANUC LTD. 2
FARAH INCORPORATED 1
FARMERS CAPITAL BANK CORPORATION 1
FARNELL ELECTRONICS PLC 2
FAY'S INCORPORATED 1
FEDDERS CORPORATION 1
FEDERAL EXPRESS CORPORATION 1
FEDERAL PAPER BOARD COMPANY, INC. 1
FEDERAL SIGNAL CORPORATION 1
FEDERAL-MOGUL CORPORATION 1
FELDSCHLOESSCHEN HOLDING 2
FELTEN & GUILLEAUME ENERGIETECHNIK AG 2
FERGUSON INTERNATIONAL HOLDINGS PLC 2
FERNZ CORPORATION LIMITED 2
FERRO CORPORATION 1
FFP-STE FONCIERE, FINANCIERE & PARTICIP. 2
FHP INTERNATIONAL CORPORATION 1
FIDELITY NATIONAL FINANCIAL, INC. 1
FIDIS FINANZIARIA DI SVILUPPO SPA 2
FIELDCREST CANNON, INC. 1
FIFTH THIRD BANCORP 1
FILIPACCHI MEDIAS SA 2
FILO S.A. 2
FINANCIAL TRUST CORP 1
FINANCIERE INDUSTRIELLE GAZ ET EAUX SA 2
FINANCIERE SOGEPARC SA 2
FINARTE SPA 2
FINA, INC. 1
FINE ART DEVELOPMENTS PLC 2
FINEXTEL SA 2
FINGERHUT COMPANIES, INC. 1
FINLAY, (JAMES) & CO. PLC 2
FINMECCANICA SPA 2
FINNAIR OY 2
FINNING LTD 2
FINNLINES OY 2
FIN.INST. FOR INDUSTRI OG HANDVAERK A/S 2
FIRST AMERICAN CORPORATION 1
FIRST AMERICAN FINANCIAL CORP (THE) 1
FIRST BANK SYSTEM, INC. 1
FIRST BRANDS CORPORATION 1
FIRST CHARTER CORPORATION 1
FIRST CHICAGO NBD CORPORATION 1
FIRST CHOICE HOLIDAYS PLC 2
FIRST COLONY CORPORATION 1
FIRST COMMERCE BANCSHARES, INC. 1
FIRST COMMERCE CORPORATION 1
FIRST COMMERCIAL CORPORATION 1
FIRST EMPIRE STATE CORPORATION 1
FIRST FIDELITY BANCORPORATION 1
FIRST FINANCIAL BANCORP 1
FIRST HAWAIIAN, INC. 1
FIRST INTERSTATE BANCORP 1
FIRST LEISURE CORPORATION PLC 2
FIRST MARATHON INC. 2
FIRST MICHIGAN BANK CORPORATION 1
FIRST MIDWEST BANCORP, INC. 1
FIRST MISSISSIPPI CORPORATION 1
FIRST NATIONAL BANCORP 1
FIRST NORTHERN SAVINGS BANK S.A. 1
FIRST NORTHERN SAVINGS BANK S.A. 1
FIRST OAK BROOK BANCSHARES, INC. 1
FIRST OF AMERICA BANK CORPORATION 1
FIRST PACIFIC COMPANY LIMITED 2
FIRST SECURITY CORPORATION 1
FIRST TENNESSEE NATIONAL CORPORATION 1
FIRST UNION CORPORATION 1
FIRST VIRGINIA BANKS, INC 1
FIRSTAR CORPORATION 1
FIRSTBANK OF ILLINOIS CO. 1
FIRSTFED FINANCIAL CORP 1
FIRSTIER FINANCIAL, INC. 1
FIRSTMERIT CORPORATION 1
FISERV, INC. 1
FISHER SCIENTIFIC INTERNATIONAL, INC. 1
FISHER & PAYKEL INDUSTRIES LIMITED 2
FISKARS OY AB 2
FKI PLC 2
FLACHGLAS AG 2
FLEET FINANCIAL GROUP, INC. 1
FLEETWOOD ENTERPRISES, INC. 1
FLEMING COMPANIES, INC. 1
FLETCHER CHALLENGE ORDINARY DIVISION 2
FLEXSTEEL INDUSTRIES, INC. 1
FLIGHTSAFETY INTERNATIONAL, INC. 1
FLORIDA EAST COAST INDUSTRIES, INC. 1
FLORIDA PROGRESS CORPORATION 1
FLORIDA ROCK INDUSTRIES, INC. 1
FLOWERS INDUSTRIES, INC. 1
FLS INDUSTRIES A/S 2
FLUGGER A/S 2
FLUGHAFEN-IMMOBILIEN-GESELLSCHAFT FIG 2
FLUKE CORPORATION 1
FLUOR CORPORATION 1
FMC CORPORATION 1
FOMENTO DE CONSTRUCCIONES Y CONTRATAS 2
FOMENTO ECONOMICO MEXICANO, S.A. DE C.V. 2
FONCIERE SA, COMPAGNIE 2
FOOD LION INC. 1
FOOD LION INC. 1
FORBO HOLDING AG 2
FORD MOTOR COMPANY 1
FOREMOST CORPORATION OF AMERICA 1
FOREST LABORATORIES, INC. 1
FORSAKRINGS AB SKANDIA 2
FORSCHNER GROUP,(THE) INC 1
FORSHEDA AB 2
FORT WAYNE NATIONAL CORPORATION 1
FORTE PLC 2
FORTIS AG 2
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FORTIS AMEV NV 2
FORTIS INC. 2
FOSTER WHEELER CORPORATION 1
FOSTER (L.B.) COMPANY 1
FOSTER'S BREWING GROUP LIMITED 2
FOUNDATION HEALTH CORPORATION 1
FOUNTAIN SET (HOLDINGS) LIMITED 2
FOUR SEASONS HOTELS LTD. 2
FOURTH FINANCIAL CORPORATION 1
FOXMEYER HEALTH CORPORATION 1
FP CORPORATION 2
FPL GROUP, INC. 1
FRANCE BED CO., LTD. 2
FRANCO NEVADA MINING CORP. LTD. 2
FRANCO TOSI SPA 2
FRANKFURTER HYPOTHEKENBANK AG 2
FRANKLIN ELECTRIC CO., INC. 1
FRANKLIN ELECTRONIC PUBLISHERS, INC. 1
FRANKLIN QUEST CO. 1
FRANKLIN RESOURCES, INC. 1
FREEPORT-MC MORAN COPPER & GOLD CO INC. 1
FREEPORT-MCMORAN RESOURCES PARTNERS 1
FREMONT GENERAL CORPORATION 1
FRESENIUS AG 2
FRIED. KRUPP AG HOESCH-KRUPP 2
FRISCH'S RESTAURANTS, INC. 1
FROGMORE ESTATES PLC 2
FROMAGERIES BEL SA 2
FRONTIER CORPORATION 1
FRONTIER INSURANCE GROUP, INC. 1
FROZEN FOOD EXPRESS INDUSTRIES, INC. 1
FRUCTIVIE SA 2
FRUIT OF THE LOOM, INC. 1
FUCHS PETROLUB AG OEL + CHEMIE 2
FUDO CONSTRUCTION CO., LTD. 2
FUERZAS ELECTRICAS DE CATALUNA, S.A. 2
FUJI BANK, LIMITED 2
FUJI CO., LTD. 2
FUJI ELECTRIC CO., LTD. 2
FUJI FIRE & MARINE INSURANCE CO., LTD. 2
FUJI KIKO CO., LTD. 2
FUJI KOSAN COMPANY, LTD. 2
FUJI KYUKO CO., LTD. 2
FUJI MACHINE MFG. CO., LTD. 2
FUJI OIL CO., LTD. 2
FUJI PHOTO FILM CO., LTD. 2
FUJI SEIKO LIMITED 2
FUJI SPINNING CO., LTD. 2
FUJI TITANIUM INDUSTRY CO., LTD. 2
FUJI UNIVANCE CORPORATION 2
FUJICCO CO., LTD. 2
FUJICOPIAN CO., LTD. 2
FUJIKURA LTD. 2
FUJIKURA RUBBER LTD. 2
FUJIREBIO INC. 2
FUJISAWA PHARMACEUTICAL COMPANY LIMITED 2
FUJITA CORPORATION 2
FUJITA KANKO INC. 2
FUJITEC CO., LTD. 2
FUJITSU BUSINESS SYSTEMS LTD. 2
FUJITSU DENSO LTD. 2
FUJITSU KIDEN LTD. 2
FUJIYA CO., LTD. 2
FUKUDA CORPORATION 2
FUKUI BANK, LTD. 2
FUKUOKA CITY BANK, LTD. 2
FUKUSUKE CORPORATION 2
FUKUYAMA TRANSPORTING CO., LTD. 2
FULLER (H.B.) COMPANY 1
FULLER, SMITH & TURNER PLC 2
FULTON FINANCIAL CORPORATION 1
FUND AMERICAN ENTERPRISES HOLDINGS, INC. 1
FUND AMERICAN ENTERPRISES HOLDINGS, INC. 1
FURON COMPANY 1
FURUKAWA CO., LTD. 2
FURUKAWA ELECTRIC CO., LTD. 2
FURUSATO INDUSTRIES, LTD. 2
FUSHIKI KAIRIKU UNSO CO., LTD. 2
FUSO PHARMACEUTICAL INDUSTRIES, LTD. 2
FUTABA CORPORATION 2
FUTURIS CORPORATION LIMITED 2
F.H. FAULDING & CO LIMITED 2
GALENICA HOLDING AG 2
GALLAGHER (ARTHUR J.) & CO. 1
GAMBRO AB 2
GAMMA HOLDING NV 2
GANNETT CO., INC. 1
GAP, INC. (THE) 1
GARAN, INCORPORATED 1
GARPHYTTAN INDUSTRIER AB 2
GAS NATURAL SDG S.A. 2
GAS Y ELECTRICIDAD SA 2
GASCOGNE SA 2
GASTEC SERVICE, INC. 2
GATX CORPORATION 1
GAUMONT SA 2
GAYLORD ENTERTAINMENT COMPANY 1
GEA AG 2
GEAC COMPUTER CORPORATION LTD. 2
GEEST PLC 2
GEHE AG 2
GEICO CORPORATION 1
GELSENWASSER AG 2
GEMINA GEN MOBIL INTER AZIONARIE SPA 2
GENDIS INC. 2
GENEFIM SA 2
GENENTECH, INC. 1
GENERAL ACCIDENT PLC 2
GENERAL BINDING CORP. 1
GENERAL CO., LTD. 2
GENERAL DYNAMICS CORPORATION 1
GENERAL ELECTRIC COMPANY 1
GENERAL ELECTRIC COMPANY PLC (THE) 2
GENERAL HOST CORPORATION 1
GENERAL INSTRUMENT CORP. 1
GENERAL MILLS, INC. 1
GENERAL MOTORS CORPORATION 1
GENERAL PUBLIC UTILITIES CORPORATION 1
GENERAL RE CORPORPATION 1
GENERAL SEKIYU K.K. 2
GENERAL SIGNAL CORPORATION 1
GENERALE DE BANQUE SA 2
GENESEE CORPORATION 1
GENEVA STEEL COMPANY 1
GENOVESE DRUG STORES, INC. 1
GENUINE PARTS COMPANY 1
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GENZYME GENERAL DIVISION 1
GEORG FISCHER AG 2
GEORGE WESTON FOODS LIMITED 2
GEORGE WIMPEY PLC 2
GEORGIA-PACIFIC CORPORATION 1
GERBER SCIENTIFIC, INC. 1
GERRARD & NATIONAL HOLDINGS PLC 2
GERRESHEIMER GLAS AG 2
GERRITY OIL & GAS CORPORATION 1
GESTETNER HOLDINGS PLC 2
GETRONICS N.V. 2
GETTY PETROLEUM CORP. 1
GEVAERT-PHOTO PRODUITS SA 2
GEWISS SPA 2
GIANT FOOD, INC. 1
GIANT INDUSTRIES, INC. 1
GIB SA 2
GIBSON GREETINGS, INC. 1
GIDDINGS & LEWIS, INC. 1
GILBERT ASSOCIATES, INC. 1
GILLETTE COMPANY (THE) 1
GKN PLC 2
GLAMIS GOLD LTD. 2
GLATFELTER (P.H.) COMPANY 1
GLAXO WELLCOME PLC 2
GLEASON CORPORATION 1
GLOBAL INDUSTRIAL TECHNOLOGIES, INC. 1
GLOBAL MARINE INC. 1
GLYNWED INTERNATIONAL PLC 2
GN STORE NORD A/S (GN GREAT NORDIC LTD.) 2
GN STORE NORD HOLDING AS 2
GOAL PETROLEUM GROUP PLC 2
GODO SHUSEI CO., LTD. 2
GODO STEEL, LTD. 2
GOLD MINES OF KALGOORLIE LIMITED 2
GOLDEN ENTERPRISES, INC. 1
GOLDEN WEST FINANCIAL CORPORATION 1
GOLDWIN INC. 2
GOOD GUYS (THE), INC. 1
GOODE DURRANT PLC 2
GOODMARK FOODS, INC. 1
GOODRICH B.F. COMPANY (THE) 1
GOODYEAR TIRE & RUBBER COMPANY (THE) 1
GORMAN-RUPP COMPANY (THE) 1
GOTTHARD BANK 2
GOULDS PUMPS, INCORPORATED 1
GOURMET KINEYA CO., LTD. 2
GRACE (W.R.) & CO. 1
GRACO INC. 1
GRAINGER TRUST PLC 2
GRAINGER, (W.W.) INC. 1
GRAMPIAN HOLDINGS PLC 2
GRANADA GROUP PLC 2
GRANCARE, INC. 1
GRAND CASINOS, INC. 1
GRAND HOTEL HOLDINGS LTD 2
GRAND METROPOLITAN PLC 2
GRANGES INC. 2
GRANINGE AB 2
GRAPHIC INDUSTRIES, INC. 1
GRAUBUENDNER KANTONALBANK 2
GRC INTERNATIONAL, INC. 1
GREAT EAGLE HOLDINGS LIMITED 2
GREAT LAKES CHEMICAL CORPORATION 1
GREAT PORTLAND ESTATES PLC 2
GREAT UNIVERSAL STORES PLC 2
GREAT WESTERN FINANCIAL CORPORATION 1
GREEN CROSS CORPORATION 2
GREEN MOUNTAIN POWER CORPORATION 1
GREEN TREE FINANCIAL CORPORATION 1
GREENALLS GROUP PLC 2
GREENE KING PLC 2
GREINER ENGINEERING INC. 1
GREY ADVERTISING INC. 1
GREYCOAT PLC 2
GREYHOUND LINES OF CANADA LTD. 2
GRIFFON CORPORATION 1
GROUNDWATER TECHNOLOGY, INC. 1
GROUPE ANDRE SA 2
GROUPE BRUXELLES LAMBERT SA 2
GROUPE DANONE SA 2
GROUPE DE LA CITE SA 2
GROUPE ORTIZ 2
GROUPE SEB SA 2
GROUPE VIDEOTRON LTEE LE 2
GROUPEMENT POUR FINANCEMENT CONSTRUC. 2
GRUPO CARSO S.A. DE C.V. 2
GRUPO CEMENTOS DE CHIHUAHUA 2
GRUPO CONTINENTAL SA 2
GRUPO FINANC. BANAMEX ACCIVAL SA BANACCI 2
GRUPO FOSFORERA S.A. 2
GRUPO INDUSTRIAL BIMBO S.A. DE C.V. 2
GRUPO INDUSTRIAL MASECA S.A. DE C.V. 2
GRUPO POSADAS S.A. DE C.V. 2
GRUPO SYNKRO S.A. DE C.V. 2
GRUPO TELEVISA S.A. DE C.V. 2
GTE CORPORATION 1
GTM-ENTREPOSE SA 2
GUARDIAN ROYAL EXCHANGE PLC 2
GUARDSMAN PRODUCTS, INC. 1
GUILBERT SA 2
GUILFORD MILLS, INC. 1
GUINNESS PLC 2
GULLSPANGS KRAFT AB 2
GUN EI CHEMICAL INDUSTRY CO., LTD. 2
GUNMA BANK, LTD. 2
GUNZE LIMITED 2
GUNZE SANGYO, INC. 2
GUOCO GROUP LTD 2
GURIT-HEBERLEIN AG 2
GUYENNE ET GASCOGNE SA 2
GWALIA CONSOLIDATED LIMITED 2
G&K SERVICES, INC. 1
G.E. CRANE HOLDINGS LIMITED 2
G.T.C. TRANSCONTINENTAL GROUP LTD. 2
H & M HENNES & MAURITZ AB 2
HACH AG 2
HACH COMPANY 1
HACHIJUNI BANK, LTD. 2
HADCO CORPORATION 1
HADEN MACLELLAN HOLDINGS PLC 2
HAEMONETICS CORPORATION 1
HAFSLUND NYCOMED AS 2
HAGEMEYER N.V. 2
HAKUYOSHA COMPANY, LTD. 2
HALL ENGINEERING (HOLDINGS) PLC 2
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HALLIBURTON COMPANY 1
HALMA PLC 2
HAMBROS PLC 2
HAMBURGISCHE ELECTRICITAETS-WERKE AG 2
HAMMERSON PLC 2
HANATEN CO., LTD. 2
HANCOCK FABRICS, INC. 1
HANDLEMAN COMPANY 1
HANDY & HARMAN 1
HANEDA HUME PIPE CO., LTD. 2
HANG LUNG DEVELOPMENT COMPANY LIMITED 2
HANG SENG BANK LIMITED 2
HANKYU CORPORATION 2
HANKYU REALTY CO., LTD. 2
HANNA (M.A.) COMPANY 1
HANNAFORD BROS. CO. 1
HANSHIN DEPARTMENT STORE, LTD. 2
HANSHIN ELECTRIC RAILWAY CO., LTD 2
HANSON PLC 2
HARCOURT GENERAL, INC. 1
HARDY OIL & GAS PLC 2
HARDYS & HANSONS PLC 2
HARLAND JOHN H. COMPANY (THE) 1
HARLEY-DAVIDSON, INC. 1
HARLEYSVILLE GROUP, INC. 1
HARMAN INTERNATIONAL INDUSTRIES. INC. 1
HARMON INDUSTRIES, INC. 1
HARNISCHFEGER INDUSTRIES, INC. 1
HARPEN AG 2
HARPER GROUP, INC. (THE) 1
HARRAH'S ENTERTAINMENT, INC. 1
HARRIS CORPORATION 1
HARRIS STEEL GROUP INC. 2
HARRISONS & CROSFIELD PLC 2
HARSCO CORPORATION 1
HARTMARX CORPORATION 1
HARTSTONE GROUP PLC 2
HARUMOTO IRON WORKS CO., LTD. 2
HARVEY NORMAN HOLDINGS LIMITED 2
HASBRO INC 1
HAVAS SA 2
HAVERTY FURNITURE COMPANIES, INC. 1
HAVTOR A/S 2
HAWAIIAN ELECTRIC INDUSTRIES, INC. 1
HAWKEYE BANCORPORATION 1
HAYES WHEELS INTERNATIONAL, INC. 1
HAYS PLC 2
HAZAMA CORPORATION 2
HAZLEWOOD FOODS PLC 2
HBO & COMPANY 1
HEALTH IMAGES, INC. 1
HEALTH MANAGEMENT ASSOCIATES, INC. 1
HEALTHCARE COMPARE CORP. 1
HEALTHCARE SERVICES GROUP, INC. 1
HEALTHDYNE INC. 1
HEALTHSOURCE, INC. 1
HEALTHSOUTH CORPORATION 1
HEARTLAND EXPRESS, INC. 1
HECHINGER COMPANY 1
HEES INTERNATIONAL BANCORP INC. 2
HEIDELBERGER ZEMENT AG 2
HEILIG-MEYERS COMPANY 1
HEINEKEN N.V. 2
HEIWA CORPORATION 2
HEIWA REAL ESTATE CO., LTD. 2
HEIWADO CO., LTD. 2
HELENE CURTIS INDUSTRIES, INC. 1
HELICAL BAR PLC 2
HELIKOPTER SERVICE A/S 2
HELIX TECHNOLOGY CORPORATION 1
HELMERICH & PAYNE, INC. 1
HELVETIA SCHWEIZERISCHE VERSICHERUNG 2
HEMLO GOLD MINES INC. 2
HENDERSON ADMINISTRATION GROUP PLC 2
HENDERSON INVESTMENT LIMITED 2
HENDERSON LAND DEVELOPMENT CO LTD 2
HENKEL KGAA 2
HENLYS GROUP PLC 2
HENNUYERE D'EXPANSION SA 2
HENRIKSEN OG HENRIKSEN HOLDING A/S 2
HEPWORTH PLC 2
HERCULES INCORPORATED 1
HERDEZ S.A. DE C.V. 2
HERITAGE FINANCIAL SERVICES, INC. 1
HERLITZ AG 2
HERSHEY FOODS CORPORATION 1
HEWDEN STUART PLC 2
HEWLETT-PACKARD COMPANY 1
HEYWOOD WILLIAMS GROUP PLC 2
HFS, INC. 1
HIBERNIA CORPORATION 1
HIBIYA ENGINEERING, LTD. 2
HICKSON INTERNATIONAL PLC 2
HIDROELECTRICA DEL CANTABRICO, S.A. 2
HIGHLAND DISTILLERIES COMPANY PLC 2
HIGO BANK, LTD. 2
HILLENBRAND INDUSTRIES, INC. 1
HILLHAVEN CORPORATION (THE) 1
HILLS INDUSTRIES LIMITED 2
HILLS STORES COMPANY 1
HILLSDOWN HOLDINGS PLC 2
HI-LO AUTOMOTIVE, INC. 1
HILTI AG 2
HILTON HOTELS CORPORATION 1
HINO AUTO BODY, LTD. 2
HINO MOTORS, LTD. 2
HIROSE ELECTRIC CO., LTD. 2
HIROSHIMA BANK, LTD. (THE) 2
HISAKA WORKS, LTD. 2
HISAMITSU PHARMACEUTICAL CO., INC. 2
HITACHI AIC INC. 2
HITACHI CABLE, LTD. 2
HITACHI CHEMICAL CO., LTD. 2
HITACHI CREDIT CORPORATION 2
HITACHI ELECTRONICS, LTD. 2
HITACHI INFORMATION SYSTEMS, LTD. 2
HITACHI KIDEN KOGYO, LTD. 2
HITACHI KOKI CO., LTD. 2
HITACHI MAXELL, LTD. 2
HITACHI METALS, LTD. 2
HITACHI PLANT ENGINEERING & CONSTRUCTION 2
HITACHI POWDERED METALS CO., LTD. 2
HITACHI SOFTWARE ENGINEERING CO., LTD. 2
HITACHI TRANSPORT SYSTEM, LTD. 2
HITACHI ZOSEN CORPORATION 2
HITACHI, LTD. 2
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HOAN KOGYO CO., LTD. 2
HOCHIKI CORPORATION 2
HOCHTIEF AG VORM. GEBR. HELFMANN 2
HOECHST AG 2
HOGAN SYSTEMS, INC. 1
HOGG ROBINSON PLC 2
HOGY MEDICAL CO., LTD 2
HOKKAI CAN CO., LTD. 2
HOKKAIDO BANK, LTD. 2
HOKKAIDO COCA-COLA BOTTLING CO., LTD. 2
HOKKAIDO ELECTRIC POWER COMPANY, INC. 2
HOKKAIDO GAS CO., LTD. 2
HOKKAIDO TAKUSHOKU BANK, LIMITED 2
HOKKO CHEMICAL INDUSTRY CO., LTD. 2
HOKKOKU BANK, LTD. 2
HOKUETSU BANK, LTD. 2
HOKUETSU PAPER MILLS, LTD. 2
HOKURIKU BANK, LTD. (THE) 2
HOKURIKU ELECTRIC POWER COMPANY 2
HOKURIKU ELECTRICAL CONSTRUCTION CO.LTD. 2
HOKURIKU SEIYAKU CO., LTD. 2
HOKUSHIN CO., LTD. 2
HOLDERBANK FINANCIERE GLARUS AG 2
HOLLANDSCHE BETON GROEP NV 2
HOLLINGER INC. 2
HOLLY CORPORATION 1
HOLSTEN-BRAUEREI AG 2
HOLT JOSEPH PLC 2
HOLVIS AG 2
HOME BENEFICIAL CORPORATION 1
HOME DEPOT, INC. (THE) 1
HOME SHOPPING NETWORK, INC. 1
HOMESTAKE GOLD OF AUSTRALIA LIMITED 2
HOMESTAKE MINING COMPANY 1
HON INDUSTRIES INC. 1
HONDA MOTOR CO., LTD. 2
HONEN CORPORATION 2
HONEYWELL INC. 1
HONG KONG AIRCRAFT ENGINEERING COMPANY 2
HONG KONG AND CHINA GAS COMPANY LIMITED 2
HONG KONG ELECTRIC HOLDINGS LIMITED 2
HONG KONG FERRY (HOLDINGS) CO. LTD. 2
HONG KONG TELECOMMUNICATIONS LTD. 2
HONGKONG AND SHANGHAI HOTELS, LIMITED 2
HONGKONG LAND HOLDINGS LTD 2
HONSHU PAPER CO., LTD. 2
HOPEWELL HOLDINGS LIMITED 2
HORACE MANN EDUCATORS CORP. 1
HORIZON/CMS HEALTHCARE CORPORATION 1
HORMEL FOODS CORPORATION 1
HORNBACH HOLDING AG 2
HORSHAM CORPORATION (THE) 2
HOSIDEN CORPORATION 2
HOST MARRIOTT CORPORATION 1
HOTEL NEW HANKYU CO., LTD. 2
HOUGHTON MIFFLIN COMPANY 1
HOUSE FOODS CORPORATION 2
HOUSEHOLD INTERNATIONAL, INC. 1
HOUSTON INDUSTRIES INCORPORATED 1
HOVNANIAN ENTERPRISES, INC. 1
HOWA MACHINERY, LTD. 2
HOWELL CORPORATION 1
HOYA CORPORATION 2
HSBC HOLDINGS PLC 2
HSBC HOLDINGS PLC (HK $) 2
HUARTE S.A. 2
HUBBELL INCORPORATED 1
HUBCO, INC. 1
HUBER & SUHNER AG 2
HUDSON CONWAY LIMITED 2
HUDSON FOODS, INC. 1
HUDSON'S BAY COMPANY 2
HUERLIMANN HOLDING AG 2
HUFFY CORPORATION 1
HUGHES SUPPLY, INC. 1
HUGO BOSS AG 2
HUHTAMAKI OY 2
HUMANA, INC. 1
HUNT MANUFACTURING CO. 1
HUNTER DOUGLAS N.V. 2
HUNTING PLC 2
HUNTINGTON BANCSHARES, INC. 1
HUTCHINSON TECHNOLOGY INCORPORATED 1
HUTCHISON WHAMPOA LIMITED 2
HWA KAY THAI HOLDINGS LIMITED 2
HYAKUGO BANK, LTD. 2
HYAKUJUSHI BANK LTD. 2
HYPOTHEKARBANK LENZBURG 2
HYPOTHEKENBANK IN HAMBURG AG 2
HYSAN DEVELOPMENT COMPANY LIMITED 2
H.F. AHMANSON & COMPANY 1
H.J. HEINZ COMPANY 1
H.P. BULMER HOLDINGS PLC 2
IBERDROLA SA 2
IBERICA DE AUTOPISTAS S.A. 2
IBIDEN CO., LTD. 2
IBP, INC. 1
ICELAND GROUP PLC 2
ICHIKAWA CO., LTD. 2
ICHIKEN CO., LTD. 2
ICHIKOH INDUSTRIES, LTD. 2
ICI AUSTRALIA LIMITED 2
ICN PHARMACEUTICALS, INC. 1
ICOPAL A/S 2
IDAHO POWER COMPANY 1
IDEC IZUMI CORPORATION 2
IDEX CORPORATION 1
IDIA-IST DE DEVEL DES IND. AGRIC. ET ALI 2
IES INDUSTRIES INC. 1
IFIL-FINANZIARIA DI PARTECIPAZIONI 2
IHARA CHEMICAL INDUSTRY CO., LTD. 2
IHC CALAND N.V. 2
IKB DEUTSCHE INDUSTRIEBANK AG 2
ILLINOIS CENTRAL CORPORATION 1
ILLINOIS TOOL WORKS INC. 1
ILLINOVA CORPORATION 1
IMASCO LIMITED 2
IMC GLOBAL, INC. 1
IMC HOLDINGS LTD 2
IMCO RECYCLING, INC. 1
IMETAL SA 2
IMI PLC 2
IMMOBILIER COMPLEXES COMMERCIAUX SA 2
IMMOBILIERE MARSEILLAISE, SOCIETE 2
IMMUNO INTERNATIONAL AG 2
IMPERIAL BANCORP 1
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IMPERIAL CHEMICAL INDUSTRIES PLC 2
IMPERIAL OIL LIMITED 2
IMURAYA CONFECTIONERY CO., LTD. 2
INABATA & CO., LTD. 2
INAGEYA CO., LTD. 2
INAX CORPORATION 2
INCENTIVE AB 2
INCENTIVE A/S 2
INCHCAPE PLC 2
INCITEC LIMITED 2
INCO LIMITED 2
INDEPENDENT BANK CORPORATION 1
INDEPENDENT INSURANCE GROUP, INC. 1
INDEPENDENT NEWSPAPERS LIMITED 2
INDIANA ENERGY, INC 1
INDUSTRIAL BANK OF JAPAN, LTD. 2
INDUSTRIAS PENOLES S.A. DE C.V. 2
INDUSTRIE ZIGNAGO S. MARGHERITA SPA 2
INDUSTRIEHOLDING CHAM AG 2
INDUSTRIEVERWALTUNGSGESELLSCHAFT AG 2
INDUSTRIFORVALTNINGS AB KINNEVIK 2
INFORMATION RESOURCES, INC. 1
INFORMIX CORP. 1
ING GROEP N.V. 2
INGERSOLL-RAND COMPANY 1
INGLES MARKETS, INCORPORATED 1
INLAND STEEL INDUSTRIES, INC. 1
INMET MINING CORPORATION 2
INMOBILIARIA METROPOLITANA VASCO CENTRAL 2
INMOBILIARIA URBIS, S.A. 2
INOUE KOGYO CO., LTD. 2
INPUT/OUTPUT, INC. 1
INSITUFORM TECHNOLOGIES, INC. 1
INSTEEL INDUSTRIES, INC. 1
INSTRON CORPORATION 1
INSTRUMENTARIUM OY 2
INTEC INC. 2
INTEGON CORPORATION 1
INTEGRA FINANCIAL CORPORATION 1
INTEGRATED DEVICE TECHNOLOGY, INC. 1
INTEGRATED HEALTH SERVICES, INC. 1
INTEL CORPORATION 1
INTELLIGENT ELECTRONICS, INC. 1
INTERCONTINENTAL BANK 1
INTERCO, INC. 1
INTERFACE, INC. 1
INTERMAGNETICS GENERAL CORPORATION 1
INTERNATIO-MUELLER N.V. 2
INTERNATIONAL ALUMINUM CORPORATION 1
INTERNATIONAL BUSINESS MACHINES CORP. 1
INTERNATIONAL COLIN ENERGY CORPORATION 2
INTERNATIONAL DAIRY QUEEN, INC. 1
INTERNATIONAL FAMILY ENTERTAINMENT, INC. 1
INTERNATIONAL FLAVORS & FRAGRANCES INC. 1
INTERNATIONAL FOREST PRODUCTS LIMITED 2
INTERNATIONAL GAME TECHNOLOGY 1
INTERNATIONAL MULTIFOODS CORPORATION 1
INTERNATIONAL PAPER COMPANY 1
INTERNATIONAL REAGENTS CORPORATION 2
INTERNATIONAL RECTIFIER CORPORATION 1
INTERNATIONAL SHIPHOLDING CORPORATION 1
INTERNATIONAL SPECIALTY PRODUCTS INC. 1
INTERPROVINCIAL STEEL & PIPE (IPSCO) 2
INTERPUBLIC GROUP OF COMPANIES, INC. 1
INTER-REGIONAL FINANCIAL GROUP, INC. 1
INTERSHOP HOLDING AG 2
INTERSTATE POWER COMPANY 1
INTERSTATE/JOHNSON LANE, INC. 1
INTERTAN, INC. 1
INTER-TEL, INCORPORATED 1
INTERUNFALL VERSICHERUNG AG 2
INTERVOICE, INC 1
INUI TATEMONO CO., LTD. 2
INVACARE CORPORATION 1
INVERNESS PETROLEUM LTD 2
INVESCO PLC 2
INVESTERINGS-EN BELEGGINGSMAATSCHAPPIJ 2
INVESTMENT AB LATOUR 2
INVESTOR AB 2
INVESTORS GROUP, INC. 2
IONICS, INCORPORATED 1
IP TIMBERLANDS, LTD. 1
IPALCO ENTERPRISES, INC. 1
IRWIN FINANCIAL CORPORATION 1
ISCO, INC. 1
ISEKI & CO., LTD. 2
ISETAN COMPANY LIMITED 2
ISEWAN TERMINAL SERVICE CO., LTD. 2
ISHIHARA CONSTRUCTION CO., LTD. 2
ISHII FOOD CO., LTD. 2
ISHIKAWA SEISAKUSHO, LTD. 2
ISHIKAWAJIMA CONSTRUCTION MATERIALS CO. 2
ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO. 2
ISHIZUKA GLASS CO., LTD. 2
ISOLITE INSULATING PRODUCTS CO., LTD. 2
ISOMEDIX INC. 1
ISS-INTERNATIONAL SERVICE SYSTEM A/S 2
ISTITUTO FINANZIARIO INDUSTRIALE SPA 2
ITALCEMENTI SPA 2
ITALGAS SOCIETA ITALIANA PER IL GAS PA 2
ITALMOBILIARE SPA 2
ITOCHU CORPORATION 2
ITOCHU FUEL CORPORATION 2
ITOHAM FOODS INC. 2
ITOKI CREBIO CORPORATION 2
ITO-YOKADO CO., LTD. 2
IVAX CORPORATION 1
IWAKI & CO., LTD. 2
IWASAKI ELECTRIC CO., LTD. 2
IWATA AIR COMPRESSOR MFG. CO., LTD. 2
IWATANI INTERNATIONAL CORPORATION 2
IWC RESOURCES CORPORATION 1
IWKA AG 2
IYO BANK, LTD. 2
IZUMI CO., LTD. 2
IZUMIYA CO., LTD. 2
J SAINSBURY PLC 2
JACCS CO., LTD. 2
JACKPOT ENTERPRISES, INC. 1
JACOB HOLM & SONNER A/S 2
JACOBS ENGINEERING GROUP, INC. 1
JACOBSON STORES INC. 1
JAMES HALSTEAD GROUP PLC 2
JAMES HARDIE INDUSTRIES LIMITED 2
JANNOCK LIMITED 2
JAPAN AIRCRAFT MANUFACTURING CO., LTD. 2
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JAPAN AIRPORT TERMINAL CO., LTD. 2
JAPAN BRIDGE CORPORATION 2
JAPAN DIGITAL LABORATORY CO., LTD. 2
JAPAN FOUNDATION ENGINEERING CO., LTD. 2
JAPAN LIVING SERVICE CO., LTD. (THE) 2
JAPAN OIL TRANSPORTATION CO., LTD. 2
JAPAN PAPER INDUSTRY CO., LTD. 2
JAPAN PULP AND PAPER COMPANY LIMITED 2
JAPAN RADIO CO., LTD. 2
JAPAN SECURITIES FINANCE CO., LTD. 2
JAPAN STEEL WORKS, LTD. (THE) 2
JAPAN STORAGE BATTERY CO., LTD. 2
JAPAN TRANSCITY CORPORATION 2
JAPAN VILENE COMPANY, LTD. 2
JAPAN WOOL TEXTILE CO., LTD. 2
JARDINE INTERNATIONAL MOTOR HOLDINGS LTD 2
JARDINE MATHESON HOLDINGS LIMITED 2
JARDINE STRATEGIC HOLDINGS LIMITED 2
JDC CORPORATION 2
JEAN COUTU GROUP (PJC) INC. (THE) 2
JEAN LEFEBVRE SA 2
JEFFERIES GROUP, INC. 1
JEFFERSON BANKSHARES, INC. 1
JEFFERSON-PILOT CORPORATION 1
JELMOLI HOLDING AG 2
JENNY CRAIG, INC. 1
JEOL LTD. 2
JGC CORPORATION 2
JIDOSHA DENKI KOGYO CO., LTD. 2
JIDOSHA KIKI CO., LTD. 2
JLG INDUSTRIES, INC. 1
JMS CO., LTD. 2
JOBAN KOSAN CO., LTD. 2
JOHN MENZIES PLC 2
JOHN WADDINGTON PLC 2
JOHNSON CONTROLS, INC. 1
JOHNSON ELECTRIC HOLDINGS LIMITED 2
JOHNSON GROUP CLEANERS PLC 2
JOHNSON MATTHEY PUBLIC LIMITED COMPANY 2
JOHNSON WORLDWIDE ASSOCIATES, INC. 1
JOHNSON & JOHNSON 1
JOHNSTON INDUSTRIES, INC. 1
JONES APPAREL GROUP, INC 1
JONES STROUD HOLDINGS PLC 2
JOSHIN DENKI CO., LTD. 2
JOSTENS, INC. 1
JOYO BANK, LTD. 2
JUKEN SANGYO CO., LTD. 2
JUNGHEINRICH AG 2
JUNO LIGHTING, INC. 1
JUPITERS LIMITED 2
JUROKU BANK, LTD. 2
JUSCO CO., LTD. 2
JUSTIN INDUSTRIES, INC. 1
JYSKE BANK A/S 2
J&J SNACK FOODS CORP. 1
J. BIBBY & SONS PLC 2
J.B. HUNT TRANSPORT SERVICES, INC. 1
K MART CORPORATION 1
K N ENERGY, INC. 1
KAGAWA BANK, LTD. 2
KAGOME CO., LTD. 2
KAGOSHIMA BANK, LTD. 2
KAJIMA CORPORATION 2
KAKEN PHARMACEUTICAL CO., LTD. 2
KALON GROUP PLC 2
KAMAN CORPORATION 1
KAMEI CORPORATION 2
KAMIGUMI CO., LTD. 2
KAMPA-HAUS AG 2
KANADEN CORPORATION 2
KANAGAWA CHUO KOTSU CO., LTD. 2
KANDENKO CO., LTD. 2
KANEB SERVICES, INC. 1
KANEKA CORPORATION 2
KANEMATSU-NNK CORPORATION 2
KANESHITA CONSTRUCTION CO., LTD. (THE) 2
KANRO CO., LTD. 2
KANSAI ELECTRIC POWER CO., INC. (THE) 2
KANSAI PAINT CO., LTD. 2
KANSAI SEKIWA REAL ESTATE, LTD. 2
KANSAS CITY LIFE INSURANCE COMPANY 1
KANSAS CITY POWER & LIGHT COMPANY 1
KANSAS CITY SOUTHERN INDUSTRIES, INC. 1
KANSEI CORPORATION 2
KANTO AUTO WORKS, LTD. 2
KANTO NATURAL GAS DEVELOPMENT CO., LTD. 2
KAO CORPORATION 2
KARDEX REMSTAR INTERNATIONAL AG 2
KARSTADT AG 2
KASHO COMPANY LIMITED 2
KASUMI CO., LTD. 2
KATAKURA INDUSTRIES CO., LTD. 2
KATO WORKS CO., LTD. 2
KATOKICHI CO., LTD. 2
KATSUMURA CONSTRUCTION CO., LTD. 2
KAUFEL GROUP LTD. 2
KAUFHALLE AG 2
KAUFHOF HOLDING AG 2
KAUFMAN AND BROAD HOME CORPORATION 1
KAUFRING AG 2
KAWADA INDUSTRIES, INC. 2
KAWASAKI HEAVY INDUSTRIES, LTD. 2
KAWASAKI KISEN KAISHA, LTD. 2
KAWASHO CORPORATION 2
KAYABA INDUSTRY CO., LTD. 2
KAYDON CORPORATION 1
KCS ENERGY, INC. 1
KDK CORPORATION 2
KEANE, INC. 1
KEIHAN ELECTRIC RAILWAY CO., LTD. 2
KEIHANSHIN REAL ESTATE CO., LTD. 2
KEIHIN CO., LTD. 2
KEIHIN ELECTRIC EXPRESS RAILWAY CO., LTD 2
KEIO TEITO ELECTRIC RAILWAY CO., LTD. 2
KEIYO BANK, LTD. 2
KEIYO CO., LTD. 2
KEIYO GAS CO., LTD. 2
KELLOGG COMPANY 1
KELLWOOD COMPANY 1
KELLY SERVICES, INC. 1
KEMPER CORPORATION 1
KENNAMETAL INC. 1
KENT ELECTRONICS CORPORATION 1
KENTUCKY FRIED CHICKEN JAPAN LTD. 2
KENWOOD APPLIANCES PLC 2
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KERAMIK HOLDING AG LAUFEN 2
KERR ADDISON MINES LIMITED 2
KERR-MCGEE CORPORATION 1
KESKO OY 2
KEYCORP 1
KEYENCE CORPORATION 2
KEYSTONE FINANCIAL, INC. 1
KEYSTONE HERITAGE GROUP, INC. 1
KEYSTONE INTERNATIONAL, INC. 1
KIDSTON GOLD MINES LIMITED 2
KIKKOMAN CORPORATION 2
KIMBALL INTERNATIONAL, INC. 1
KIMBERLY CLARK DE MEXICO S.A. DE C.V. 2
KIMBERLY-CLARK CORPORATION 1
KINDEN CORPORATION 2
KINETIC CONCEPTS, INC. 1
KING WORLD PRODUCTIONS, INC. 1
KINGFISHER PLC 2
KINKI NIPPON RAILWAY CO., LTD. 2
KINKI NIPPON TOURIST CO., LTD. 2
KINKI SHARYO CO., LTD. 2
KIRBY CORPORATION 1
KIRIN BREWERY COMPANY, LIMITED 2
KISHU PAPER CO., LTD. 2
KISSEI PHARMACEUTICAL CO., LTD. 2
KITAGAWA IRON WORKS CO., LTD. 2
KITA-NIPPON BANK, LTD. 2
KITANO CONSTRUCTION CORP. 2
KIYO BANK, LTD. 2
KLA INSTRUMENTS CORPORATION 1
KLEPIERRE SA 2
KLLM TRANSPORT SERVICES, INC. 1
KLM KONINKLIJKE LUCHTVAART MAATSCHAPPIJ 2
KM EUROPA METAL AG 2
KNAPE & VOGT MANUFACTURING COMPANY 1
KNIGHT-RIDDER, INC. 1
KNOGO CORPORATION 1
KOA CORPORATION 2
KOA FIRE AND MARINE INSURANCE CO., LTD. 2
KOA OIL COMPANY, LIMITED 2
KOATSU GAS KOGYO CO., LTD. 2
KOBAYASHI METALS LIMITED 2
KODAMA CHEMICAL INDUSTRY CO., LTD. 2
KOELNISCHE RUECKVERSICHERUNGS-GESELLSCH. 2
KOENIG & BAUER ALBERT AG 2
KOHL'S CORP. 1
KOIPE, S.A. 2
KOITO INDUSTRIES, LIMITED 2
KOITO MANUFACTURING CO., LTD. 2
KOKUNE CORPORATION 2
KOKUSAI DENSHIN DENWA CO., LTD. 2
KOKUSAI ELECTRIC CO., LTD. 2
KOKUSAN DENKI CO., LTD. 2
KOKUYO CO., LTD. 2
KOMA STADIUM CO., LTD. 2
KOMAI TEKKO INC. 2
KOMATSU LTD. 2
KOMATSU SEIREN CO., LTD. 2
KOMATSU ZENOAH CO. 2
KOMORI CORPORATION 2
KON NEDERLANDSCHE PETROLEUM MAATSCHAPPIJ 2
KONE OY 2
KONICA CORPORATION 2
KONINKLIJKE AHOLD NV 2
KONINKLIJKE BAM GROEP N.V. 2
KONINKLIJKE BEGEMANN GROEP NV 2
KONINKLIJKE BOSKALIS WESTMINSTER N.V. 2
KONINKLIJKE FRANS MAAS GROEP N.V. 2
KONINKLIJKE GIST-BROCADES N.V. 2
KONINKLIJKE GROLSCH NV 2
KONINKLIJKE NEDLLOYD N.V. 2
KONINKLIJKE PAKHOED N.V. 2
KONINKLIJKE TEN CATE N.V. 2
KONINKLIJKE VAN OMMEREN N.V. 2
KONINKLIJKE VOLKER STEVIN N.V. 2
KONSUM VEREIN ZUERICH 2
KOSEI SECURITIES CO., LTD. 2
KOTOBUKIYA CO., LTD. 2
KOWLOON MOTOR BUS COMPANY (1933) LTD 2
KOYO SEIKO CO., LTD. 2
KRAFTUEBERTRAGUNGSWERKE RHEINFELDEN AG 2
KRAFTWERK LAUFENBURG 2
KREDIETBANK NV 2
KREDIETBANK SA LUXEMBOURGEOISE 2
KRONES AG H. KRONSEDER MASCHINENFABRIK 2
KSB AG 2
K-SWISS INC. 1
KU ENERGY CORPORATION 1
KUBOTA CORPORATION 2
KUHLMAN CORPORATION 1
KULICKE AND SOFFA INDUSTRIES, INC. 1
KUMIAI CHEMICAL INDUSTRY CO., LTD. 2
KUNERT AG 2
KUNICK PLC 2
KUONI REISEN HOLDING AG 2
KURABO INDUSTRIES, LTD. 2
KURARAY CO., LTD. 2
KURIMOTO, LTD. 2
KURITA WATER INDUSTRIES LTD. 2
KVAERNER A.S 2
KVERNELAND AS 2
KWIK SAVE GROUP PLC 2
KWIK-FIT HOLDINGS PLC 2
KWONG SANG HONG INTERNATIONAL LTD. 2
KWS KLEINWANZLEBENER SAATZUCHT AG 2
KYMMENE OY 2
KYOCERA CORPORATION 2
KYODO PRINTING CO., LTD. 2
KYODO SHIRYO CO., LTD. 2
KYOKUTO BOEKI KAISHA, LTD. 2
KYOKUTO KAIHATSU KOGYO CO., LTD. 2
KYOKUYO CO., LTD. 2
KYORITSU CERAMIC MATERIALS CO., LTD. 2
KYOSAN ELECTRIC MANUFACTURING CO., LTD. 2
KYOTARU CO., LTD. 2
KYOWA EXEO CORPORATION 2
KYOWA HAKKO KOGYO CO., LTD. 2
KYOWA LEATHER CLOTH CO., LTD. 2
KYSOR INDUSTRIAL CORPORATION 1
KYUDENKO CORPORATION 2
KYUSHU BANK, LTD. 2
KYUSHU ELECTRIC POWER COMPANY INC. 2
KYUSHU MATSUSHITA ELECTRIC CO., LTD. 2
L E LUNDBERGFORETAGEN AB 2
L KAKUEI CORPORATION 2
LA CARBONIQUE SCA 2
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LA CONCORDE COMPAGNIE D'ASSURANCES SA 2
LA FOURMI IMMOBILIERE SA 2
LA PREVIDENTE ASSICURAZIONI SPA 2
LA QUINTA INNS, INC. 1
LA RADIOTECHNIQUE SA 2
LA ROCHETTE 2
LABINAL SA 2
LABORATORY CORP. OF AMERICA HOLDINGS 1
LACLEDE GAS COMPANY 1
LADBROKE GROUP PLC 2
LADD FURNITURE, INC. 1
LAFARGE CORPORATION 1
LAFARGE SA 2
LAGARDERE GROUPE SCA 2
LAHMEYER AG FUER ENERGIEWIRTSCHAFT 2
LAI SUN GARMENT INTERNATIONAL LTD 2
LAIDLAW INC. 2
LAING (JOHN) PLC 2
L'AIR LIQUIDE SA 2
LAIRD GROUP PLC 2
LAM RESEARCH CORPORATION 1
LAM SOON (HONG KONG) LIMITED 2
LAMONT HOLDINGS PLC 2
LANCASTER COLONY CORPORATION 1
LANCE, INC. 1
LAND SECURITIES PLC 2
LANDIS & GYR AG 2
LANDS' END, INC. 1
LAP HENG CO LTD 2
LAPINE CO., LTD. 2
LAPORTE PLC 2
LASSILA & TIKANOJA OY 2
LATTICE SEMICONDUCTOR CORPORATION 1
LAWSON PRODUCTS, INC. 1
LAWTER INTERNATIONAL, INC. 1
LA-Z-BOY CHAIR COMPANY 1
LEARONAL, INC. 1
LEE ENTERPRISES, INCORPORATED 1
LEGG MASON, INC. 1
LEGGETT & PLATT, INC. 1
LEGRAND SA 2
LEIF HOEGH & CO A/S 2
LEIFHEIT AG 2
LEIGH INTERESTS PLC 2
LEIGHTON HOLDINGS LIMITED 2
LEIPNIK-LUNDENBURGER INDUSTRIE AG 2
LEM HOLDING SA 2
LEND LEASE CORPORATION LIMITED 2
LENNAR CORPORATION 1
LENZING AG 2
LEON'S FURNITURE LIMITED 2
LESCO, INC. 1
LEUCADIA NATIONAL CORPORATION 1
LEX SERVICE PLC 2
LG & E ENERGY CORP. 1
LIBERTY BANCORP, INC. 1
LIBERTY CORPORATION (THE) 1
LIBERTY PLC 2
LIECHTENSTEIN GLOBAL TRUST AG 2
LIECHTENSTEINISCHE LANDESBANK (LLB) AG 2
LIFE CORPORATION 2
LIFE CO., LTD. 2
LIFE SCIENCES INTERNATIONAL PLC 2
LIFE TECHNOLOGIES, INC. 1
LIHIT LAB., INC. 2
LILLIAN VERNON CORPORATION 1
LILLY INDUSTRIES, INC. 1
LILLY (ELI) AND COMPANY 1
LIMITED, INC. (THE) 1
LINAMAR CORPORATION 2
LINCOLN NATIONAL CORPORATION 1
LINCOLN TELECOMMUNICATIONS CO. 1
LINDAB AB 2
LINDE AG 2
LINDSAY MANUFACTURING CO. 1
LINEAR TECHNOLOGY CORPORATION 1
LINTEC CORPORATION 2
LION NATHAN LIMITED 2
LIQUI-BOX CORPORATION 1
LITTON INDUSTRIES, INC. 1
LIU CHONG HING INVESTMENT LTD 2
LIVING CENTERS OF AMERICA, INC. 1
LIZ CLAIBORNE, INCORPORATED 1
LLOYD THOMPSON GROUP PLC 2
LLOYDS ABBEY LIFE PLC 2
LLOYDS BANK PLC 2
LLOYDS CHEMISTS PLC 2
LLOYDS TBS PLC 2
LOBLAW COMPANIES LIMITED 2
LOCINDUS SA 2
LOCTITE CORPORATION 1
LOEWEN GROUP INC. (THE) 2
LOEWS CORPORATION 1
LOGICA PLC 2
LOGICON, INC. 1
LOGITECH INTERNATIONAL SA 2
LONDON ELECTRICITY PLC 2
LONDON FORFAITING COMPANY PLC 2
LONDON INSURANCE GROUP INC. 2
LONDON MERCHANT SECURITIES PLC 2
LONDON & OVERSEAS FREIGHTERS LIMITED 2
LONE STAR INDUSTRIES, INC. 1
LONG ISLAND LIGHTING COMPANY 1
LONGS DRUG STORES CORP. 1
LONG-TERM CREDIT BANK OF JAPAN, LTD. 2
LONGVIEW FIBRE COMPANY 1
LONRHO PLC 2
LORAL CORPORATION 1
L'OREAL SA 2
LOUIS POULSEN & CO. A/S 2
LOUISIANA-PACIFIC CORPORATION 1
LOW & BONAR PLC 2
LOWE'S COMPANIES, INC. 1
LOYOLA CAPITAL CORPORATION 1
LSB BANCSHARES, INC. 1
LSI LOGIC CORPORATION 1
LTV CORPORATION, (THE) 1
LTX CORPORATION 1
LUBRIZOL CORPORATION (THE) 1
LUBY'S CAFETERIAS, INC. 1
LUCAS INDUSTRIES PLC 2
LUKENS INC. 1
LUMEX, INC. 1
LUXEMPART SA 2
LUZERNER LANDBANK 2
LVMH MOET-HENNESSY LOUIS VUITTON SA 2
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LYDALL, INCORPORATED 1
LYONNAISE DES EAUX SA 2
M & G GROUP PLC 2
MAAG HOLDING AG 2
MABUCHI MOTOR CO., LTD. 2
MAC FRUGAL'S BARGAINS CLOSE-OUTS, INC. 1
MACALLAN-GLENLIVET PLC 2
MACDERMID, INCORPORATED 1
MACDONALD MARTIN DISTILLERIES PLC 2
MACFARLANE GROUP CLANSMAN PLC 2
MACINTOSH N.V. 2
MACKENZIE FINANCIAL CORPORATION 2
MACMILLAN BLOEDEL LIMITED 2
MACULAN HOLDING AG 2
MADISON GAS & ELECTRIC COMPANY 1
MAEDA CORPORATION 2
MAEDA ROAD CONSTRUCTION CO., LTD. 2
MAGARA CONSTRUCTION CO., LTD. 2
MAGAZINE ZUM GLOBUS AG 2
MAGMA COPPER COMPANY 1
MAGNA GROUP, INC. 1
MAGNA INTERNATIONAL INC. 2
MAGNETEK, INC. 1
MAGNETEK, INC. 1
MAGNETI MARELLI SPA 2
MAI PLC 2
MAILBOXES ETC. 1
MAINE PUBLIC SERVICE COMPANY 1
MAINSTREET BANKGROUP, INC. 1
MAKITA CORPORATION 2
MALLINCKRODT GROUP INC. 1
MAN AG 2
MANDARIN ORIENTAL INTERNATIONAL LIMITED 2
MANDERS PLC 2
MANIFATTURA LANE G. MARZOTTO & FIGLI SPA 2
MANITOWOC COMPANY, INC. (THE) 1
MANNESMANN AG 2
MANNHEIMER VERSICHERUNG AG 2
MANOR CARE, INC. 1
MANSFIELD BREWERY PLC 2
MANUTAN SA 2
MANVILLE CORPORATION 1
MANWEB PLC 2
MAPCO INC. 1
MAPLE LEAF FOODS INC. 2
MARANGONI SPA 2
MARANTZ JAPAN, INC. 2
MARCUS CORPORATION (THE) 1
MARIE BRIZARD ET ROGER INTERNATIONAL SA 2
MARINE - WENDEL SA 2
MARION MERRELL DOW INC. 1
MARITIME TELEGRAPH & TELEPHONE CO., LTD. 2
MARITRANS INC. 1
MARK IV INDUSTRIES, INC 1
MARK TWAIN BANCSHARES, INC. 1
MARKBOROUGH PROPERTIES INC. 2
MARKS AND SPENCER PLC 2
MARLEY PLC 2
MARSH SUPERMARKETS, INC. 1
MARSH & MCLENNAN COMPANIES, INC. 1
MARSHALL INDUSTRIES 1
MARSHALL & ILSLEY CORP. 1
MARSHALLS PLC 2
MARSTON, THOMSON & EVERSHED PLC 2
MARUBENI CONSTRUCTION MATERIAL LEASE CO. 2
MARUBENI CORPORATION 2
MARUDAI FOOD CO., LTD. 2
MARUEI DEPARTMENT STORE COMPANY, LIMITED 2
MARUETSU, INC. (THE) 2
MARUI CO., LTD. 2
MARUICHI CO., LTD. 2
MARUICHI STEEL TUBE LTD. 2
MARUTOMI GROUP CO., LTD. 2
MARUWN CORPORATION 2
MARUZEN COMPANY, LIMITED 2
MARUZEN SHOWA UNYU CO., LTD. 2
MARVEL ENTERTAINMENT GROUP, INC. 1
MASCO CORPORATION 1
MASSBANK CORP. 1
MASTEC, INC. 1
MATERIAL SCIENCES CORPORATION 1
MATLACK SYSTEMS, INC. 1
MATSUI CONSTRUCTION CO., LTD. 2
MATSUMURA-GUMI CORPORATION 2
MATSUO BRIDGE CO., LTD. 2
MATSUSHITA COMMUNICATION INDUSTRIAL CO. 2
MATSUSHITA ELECTRIC INDUSTRIAL CO., LTD. 2
MATSUSHITA ELECTRIC WORKS, LTD. 2
MATSUSHITA SEIKO CO., LTD. 2
MATSUSHITA-KOTOBUKI ELECTRONICS INDS. 2
MATSUYA CO., LTD. 2
MATSUZAKAYA CO., LTD. 2
MATTEL, INC. 1
MATTHEW CLARK PLC 2
MAUTNER MARKHOF NAHRUNGS- & GENUSSMITTEL 2
MAX CO., LTD. 2
MAXIM INTEGRATED PRODUCTS 1
MAXXIM MEDICAL, INC. 1
MAY DEPARTMENT STORES COMPANY (THE) 1
MAYNE NICKLESS LIMITED 2
MAYTAG CORPORATION 1
MAZDA MOTOR CORPORATION 2
MBIA, INC. 1
MBNA CORPORATION 1
MC CLATCHY NEWSPAPERS, INC. 1
MC GRATH RENTCORP 1
MCCARTHY & STONE PLC 2
MCCORMICK & COMPANY, INCORPORATED 1
MCDERMOTT INTERNATIONAL, INC. 1
MCDONALD & CO. INVESTMENTS, INC. 1
MCDONALD'S CORPORATION 1
MCDONNELL DOUGLAS CORPORATION 1
MCGRAW-HILL COMPANIES, INC. 1
MCI COMMUNICATIONS CORPORATION 1
MCKECHNIE PLC 2
MCKESSON CORPORATION 1
MCN CORPORATION 1
MDS HEALTH GROUP LIMITED 2
MDT CORPORATION 1
MDU RESOURCES GROUP, INC. 1
MEAD CORPORATION (THE) 1
MEASUREX CORPORATION 1
MEDCHEM PRODUCTS, INC. 1
MEDEVA PLC 2
MEDEX, INC. 1
MEDIA GENERAL, INC. 1
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MEDIOBANCA-BANCA DI CREDITO FINANZIARIO 2
MEDTRONIC, INC. 1
MEDUSA CORPORATION 1
MEGGITT PLC 2
MEIDENSHA CORPORATION 2
MEIJI MILK PRODUCTS CO., LTD. 2
MEIJI SEIKA KAISHA, LTD. 2
MEISEI INDUSTRIAL CO., LTD. 2
MEITETSU DEPARTMENT STORE CO., LTD. 2
MEITO SANGYO CO., LTD. 2
MEIWA INDUSTRY CO., LTD. 2
MEIWA TRADING CO., LTD. 2
MELLON BANK CORPORATION 1
MELVILLE CORPORATION 1
MELX CO., LTD. 2
MENTOR CORPORATION 1
MENTOR GRAPHICS CORPORATION 1
MEPC PLC 2
MERCANTILE BANCORPORATION INC. 1
MERCANTILE BANKSHARES CORPORATION 1
MERCANTILE STORES COMPANY, INC. 1
MERCHANTS GROUP, INC. 1
MERCHANTS NEW YORK BANCORP, INC. 1
MERCIAN CORPORATION 2
MERCK AG 2
MERCK & CO., INC. 1
MERCURY FINANCE COMPANY 1
MERCURY GENERAL CORPORATION 1
MEREDITH CORPORATION 1
MERIDIAN BANCORP, INC. 1
MERIDIAN INSURANCE GROUP, INC. 1
MERKUR HOLDING AG 2
MERLONI ELETTRODOMESTICI SPA 2
MERRILL CORPORATION 1
MERRILL LYNCH & CO., INC. 1
METAL MANUFACTURES LIMITED 2
METALLWAREN HOLDING AG ZUG 2
METALRAX GROUP PLC 2
METHANEX CORPORATION 2
METHODE ELECTRONICS, INC. 1
METRA OY 2
METROBANK A NATIONAL ASSOCIATION 1
METRO-RICHELIEU INC. 2
METSA-SERLA OY 2
METWAY BANK LIMITED 2
MEYER INTERNATIONAL PLC 2
MEYER (FRED), INC. 1
MGM GRAND, INC. 1
MICHAEL FOODS, INC. 1
MICHAELS STORES, INC. 1
MICHEL THIERRY SA 2
MICHINOKU BANK, LTD. 2
MICRO FOCUS GROUP PLC 2
MICRO MATIC HOLDING A/S 2
MICRON TECHNOLOGY, INC. 1
MICROSOFT CORPORATION 1
MID AM, INC. 1
MID ATLANTIC MEDICAL SERVICES, INC. 1
MID KENT HOLDINGS PLC 2
MID SOUTH INSURANCE COMPANY 1
MID-AMERICA BANCORP 1
MID-AMERICAN WASTE SYSTEMS, INC. 1
MIDDLESEX WATER COMPANY 1
MIDLAND COMPANY, THE 1
MIDLAND WALWYN INC. 2
MIDLANDS ELECTRICITY PLC 2
MIDLANTIC CORPORATION 1
MIDWEST GRAIN PRODUCTS, INC. 1
MIE BANK, LTD. 2
MIE KOTSU CO., LTD. 2
MIKASA COCA-COLA BOTTLING CO., LTD. 2
MIKUNI COCA-COLA BOTTLING CO., LTD. 2
MIKUNI CORPORATION 2
MILDARA BLASS LIMITED 2
MILLER, (HERMAN) INC. 1
MILLIPORE CORPORATION 1
MINE SAFETY APPLIANCES COMPANY 1
MINERALBRUNNEN UEBERKINGEN-TEINACH AG 2
MINERALS TECHNOLOGIES, INC. 1
MINNESOTA MINING & MANUFACTURING COMPANY 1
MINNESOTA POWER & LIGHT COMPANY 1
MINORCO SA 2
MIRAGE RESORTS, INC. 1
MIRAMAR HOTEL & INVESTMENT CO., LTD. 2
MIRROR GROUP PLC 2
MIRVAC LIMITED 2
MISAWA HOMES CO., LTD. 2
MISAWA VAN CORPORATION 2
MISHIMA PAPER CO., LTD. 2
MITANI CORPORATION 2
MITCHELL ENERGY & DEVELOPMENT CORP. 1
MITEL CORPORATION 2
MITSUBA ELECTRIC MFG. CO., LTD. 2
MITSUBISHI BANK, LTD. 2
MITSUBISHI CABLE INDUSTRIES, LTD. 2
MITSUBISHI CORPORATION 2
MITSUBISHI ELECTRIC CORPORATION 2
MITSUBISHI ESTATE COMPANY, LIMITED 2
MITSUBISHI KAKOKI KAISHA, LTD. 2
MITSUBISHI MATERIALS CORPORATION 2
MITSUBISHI MOTORS CORPORATION 2
MITSUBISHI OIL COMPANY, LIMITED 2
MITSUBISHI PAPER MILLS LIMITED 2
MITSUBISHI PENCIL CO., LTD. 2
MITSUBISHI STEEL MFG. CO., LTD. 2
MITSUBISHI TRUST & BANKING CORPORATION 2
MITSUBISHI WAREHOUSE & TRANSPORTATION CO 2
MITSUBOSHI BELTING LTD. 2
MITSUI FUDOSAN CO., LTD. 2
MITSUI HIGH-TEC, INC. 2
MITSUI MARINE & FIRE INSURANCE CO., LTD. 2
MITSUI MATSUSHIMA CO., LTD. 2
MITSUI MINING COMPANY, LIMITED 2
MITSUI PETROCHEMICAL INDUSTRIES, LTD. 2
MITSUI REAL ESTATE SALES CO., LTD. 2
MITSUI SUGAR CO., LTD. 2
MITSUI TRUST & BANKING COMPANY, LIMITED 2
MITSUI & CO., LTD. 2
MITSUI-SOKO CO., LTD. 2
MITSUMI ELECTRIC CO., LTD. 2
MITSUUROKO CO., LTD. 2
MITTEL SPA 2
MIURA PRINTING CORPORATION 2
MIYAJI IRON WORKS CO., LTD. 2
MIYATA INDUSTRY CO., LTD. 2
MIYAZAKI BANK, LTD. 2
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MIYOSHI OIL & FAT CO., LTD. 2
MIYUKI KEORI CO., LTD. 2
MIZUNO CORPORATION 2
MO OCH DOMSJO AB 2
MOBIL CORPORATION 1
MOBILE GAS SERVICE CORPORATION 1
MOCHIDA PHARMACEUTICAL CO., LTD. 2
MODINE MANUFACTURING COMPANY 1
MOEVENPICK HOLDING 2
MOFFAT COMMUNICATIONS LIMITED 2
MOLEX INCORPORATED 1
MOLINS PLC 2
MOLSON COMPANIES LIMITED (THE) 2
MONBERG & THORSEN HOLDING A/S 2
MONSANTO COMPANY 1
MONTANA POWER COMPANY (THE) 1
MONTEFIBRE SPA 2
MONUMENT OIL & GAS PLC 2
MOOG INC. 1
MOONBAT CO., LTD. 2
MOORE CORPORATION LIMITED 2
MORE O'FERRALL PLC 2
MORGAN KEEGAN, INC. 1
MORGAN STANLEY GROUP, INCORPORATED 1
MORGAN (J.P.) & CO. INCORPORATED 1
MORIMOTO CORPORATION 2
MORINAGA MILK INDUSTRY CO., LTD. 2
MORITA FIRE PUMP MFG. CO., LTD. 2
MORLAND & CO PLC 2
MOROZOFF LIMITED 2
MORRISON PETROLEUM 2
MORRISON RESTAURANTS, INC. 1
MORTON INTERNATIONAL, INC. 1
MOS FOOD SERVICES, INC. 2
MOSANE SA 2
MOSINEE PAPER CORPORATION 1
MOSS BROS GROUP PLC 2
MOTOROLA, INC. 1
MOULINEX SA 2
MOUNT LEYSHON GOLD MINES LIMITED 2
MR MAX CORPORATION 2
MTS SYSTEMS CORPORATION 1
MUCKLOW (A & J) GROUP PLC 2
MUENCHENER RUECKVERSICHERUNGS-GES. AG 2
MURATA MANUFACTURING COMPANY, LTD. 2
MURPHY OIL CORPORATION 1
MUSASHINO BANK, LTD. 2
MUSICLAND STORES CORPORATION 1
MUTOW CO., LTD. 2
MUTUAL RISK MANAGEMENT LTD. 1
MYERS INDUSTRIES, INC. 1
MYLAN LABORATORIES INC. 1
M.D.C. HOLDINGS, INC. 1
M.J. GLEESON GROUP PLC 2
M.S. CARRIERS, INC. 1
NABCO LTD. 2
NABORS INDUSTRIES, INC. 1
NAC RE CORP. 1
NACCO INDUSTRIES, INCORPORATED 1
NADRO S.A. 2
NAGAHORI CORPORATION 2
NAGASE & COMPANY, LTD. 2
NAGATANIEN CO., LTD. 2
NAGOYA RAILROAD CO., LTD. 2
NAIGAI CO., LTD. 2
NAKABAYASHI CO., LTD. 2
NAKAMURAYA CO., LTD. 2
NAKANO CORPORATION 2
NALCO CHEMICAL COMPANY 1
NAMCO LIMITED 2
NANKAI ELECTRIC RAILWAY CO., LTD. 2
NANTO BANK, LTD. 2
NARASAKI SANGYO CO., LTD. 2
NASH-FINCH COMPANY 1
NASU DENKI-TEKKO CO., LTD. 2
NATIONAL AUSTRALIA BANK LIMITED 2
NATIONAL AUTO CREDIT, INC. 1
NATIONAL BANK OF CANADA 2
NATIONAL CITY BANCORPORATION 1
NATIONAL CITY CORPORATION 1
NATIONAL COMMERCE BANCORPORATION 1
NATIONAL COMPUTER SYSTEMS, INC. 1
NATIONAL CONSOLIDATED LIMITED 2
NATIONAL DATA CORPORATION 1
NATIONAL FOODS LIMITED 2
NATIONAL FUEL GAS COMPANY 1
NATIONAL GAS & OIL COMPANY 1
NATIONAL HOUSE INDUSTRIAL CO., LTD. 2
NATIONAL PENN BANCSHARES, INC. 1
NATIONAL POWER PLC 2
NATIONAL PRESTO INDUSTRIES, INC. 1
NATIONAL SEMICONDUCTOR CORPORATION 1
NATIONAL SERVICE INDUSTRIES, INC. 1
NATIONAL STEEL CORP. 1
NATIONAL TRUSTCO INC 2
NATIONAL WESTERN LIFE INSURANCE COMPANY 1
NATIONAL WESTMINSTER BANK PLC 2
NATIONSBANK CORPORATION 1
NAUTICA ENTERPRISES, INC 1
NAVIGATORS GROUP, INC. (THE) 1
NAVISTAR INTERNATIONAL CORPORATION 1
NBTY, INC. 1
NCC AB 2
NCH CORPORATION 1
NCL HOLDING AS 2
NEC SYSTEM INTEGRATION & CONSTRUCTION 2
NELLCOR PURITAN BENNETT INCORPORATED 1
NELSON (THOMAS), INC. 1
NESTLE SA 2
NETTINGSDORFER BETEILIGUNGS AG 2
NETUREN CO., LTD. 2
NETWORK EQUIPMENT TECHNOLOGIES, INC. 1
NEVADA POWER COMPANY 1
NEW ASIA REALTY AND TRUST CO. LTD. 2
NEW ENGLAND BUSINESS SERVICE, INC. 1
NEW ENGLAND ELECTRIC SYSTEM 1
NEW JERSEY RESOURCES CORPORATION 1
NEW OJI PAPER CO., LTD. 2
NEW TACHIKAWA AIRCRAFT CO., LTD. 2
NEW WORLD DEVELOPMENT CO LIMITED 2
NEW YORK STATE ELECTRIC & GAS CORP. 1
NEW YORK TIMES COMPANY (THE) 1
NEWBRIDGE NETWORKS CORPORATION 2
NEWELL CO. 1
NEWHALL LAND & FARMING COMPANY (THE) 1
NEWMAN-TONKS GROUP PLC 2
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NEWMONT GOLD COMPANY 1
NEWMONT MINING CORPORATION 1
NEWPORT CORPORATION 1
NEWS INTERNATIONAL PLC 2
NEWTEL ENTERPRISES LTD. 2
NEXT PLC 2
NFC PLC 2
NGK INSULATORS, LTD. 2
NGK SPARK PLUG CO., LTD. 2
NHK SPRING CO., LTD. 2
NIAGARA MOHAWK POWER CORPORATION 1
NICHIA STEEL WORKS, LTD. 2
NICHIAS CORPORATION 2
NICHIBAN CO., LTD. 2
NICHICON CORPORATION 2
NICHIDO FIRE & MARINE INSURANCE CO.,LTD. 2
NICHII CO., LTD. 2
NICHIMEN CORPORATION 2
NICHIREI CORPORATION 2
NICHIREKI CO., LTD. 2
NICOR INC. 1
NIFCO INC. 2
NIHON CEMENT CO., LTD. 2
NIHON INTER ELECTRONICS CORPORATION 2
NIHON KAGAKU SANGYO CO., LTD. 2
NIHON KOHDEN CORPORATION 2
NIHON MATAI CO., LTD. 2
NIHON NOHYAKU CO., LTD. 2
NIHON NOSAN KOGYO K.K. 2
NIHON PARKERIZING CO., LTD. 2
NIHON SHOKUHIN KAKO CO., LTD. 2
NIHON SPINDLE MFG. CO., LTD. 2
NIHON TOKUSHU TORYO CO., LTD. 2
NIHON UNISYS, LTD. 2
NIIGATA CHUO BANK, LIMITED 2
NIKE INC. 1
NIKKA WHISKY DISTILLING CO., LTD. (THE) 2
NIKKEN CHEMICALS CO., LTD. 2
NIKKO CO., LTD. 2
NIKKO SECURITIES CO., LTD. (THE) 2
NIKON CORPORATION 2
NINE WEST GROUP INC. 1
NINTENDO CO., LTD. 2
NIPPON BEET SUGAR MANUFACTURING CO.,LTD. 2
NIPPON CERAMIC CO., LTD. 2
NIPPON CHEMICAL INDUSTRIAL CO., LTD. 2
NIPPON CHEMIPHAR CO., LTD. 2
NIPPON CHUTETSUKAN K.K. 2
NIPPON COMSYS CORPORATION 2
NIPPON CONCRETE INDUSTRIES CO., LTD. 2
NIPPON CONVEYOR CO., LTD. 2
NIPPON DENKO CO., LTD. 2
NIPPON DENSETSU KOGYO CO., LTD. 2
NIPPON DENTSU KENSETSU CO., LTD. 2
NIPPON DENWA SHISETSU CO., LTD. 2
NIPPON ELECTRIC GLASS CO., LTD. 2
NIPPON EXPRESS CO., LTD. 2
NIPPON FELT COMPANY LIMITED 2
NIPPON FINE CHEMICAL CO., LTD. 2
NIPPON FIRE & MARINE INSURANCE CO., LTD. 2
NIPPON FLOUR MILLS CO., LTD. 2
NIPPON FORMULA FEED MANUFACTURING CO LTD 2
NIPPON GAS CO., LTD. 2
NIPPON HODO CO., LTD. 2
NIPPON HUME PIPE CO., LTD. 2
NIPPON KASEI CHEMICAL COMPANY, LIMITED 2
NIPPON KOEI CO., LTD. 2
NIPPON KONPO UNYU SOKO CO., LTD. 2
NIPPON MEAT PACKERS, INC. 2
NIPPON METAL INDUSTRY CO., LTD. 2
NIPPON MUKI CO., LTD. 2
NIPPON OIL CO., LTD. 2
NIPPON PAINT CO., LTD. 2
NIPPON PAPER INDUSTRIES CO., LTD. 2
NIPPON PIGMENT CO., LTD. 2
NIPPON PIPE MANUFACTURING CO., LTD. 2
NIPPON PISTON RING CO., LTD. 2
NIPPON ROAD CO., LTD., THE 2
NIPPON SANSO CORPORATION 2
NIPPON SEIKI CO., LTD. 2
NIPPON SEISEN CO., LTD. 2
NIPPON SHARYO, LTD. 2
NIPPON SHEET GLASS COMPANY, LIMITED 2
NIPPON SHINPAN CO., LTD. 2
NIPPON SHINYAKU CO., LTD. 2
NIPPON SHOKUBAI CO., LTD. 2
NIPPON SIGNAL CO., LTD. 2
NIPPON SODA CO., LTD. 2
NIPPON SUISAN KAISHA, LTD. 2
NIPPON TELEGRAPH & TELEPHONE CORPORATION 2
NIPPON TELEVISION NETWORK CORP. 2
NIPPON TRUST BANK LIMITED 2
NIPPON TUNGSTEN CO., LTD. 2
NIPPON TYPEWRITER CO., LTD. 2
NIPPON YUSEN KABUSHIKI KAISHA 2
NIPPONDENSO CO., LTD. 2
NIPSCO INDUSTRIES, INC. 1
NISHIMATSU CONSTRUCTION CO., LTD. 2
NISHI-NIPPON BANK, LTD. 2
NISHI-NIPPON RAILROAD CO., LTD. 2
NISSAN CHEMICAL INDUSTRIES, LTD. 2
NISSAN CONSTRUCTION CO., LTD. 2
NISSAN FIRE & MARINE INSURANCE CO., LTD. 2
NISSAN SHATAI CO., LTD. 2
NISSEI BUILD KOGYO CO., LTD. 2
NISSEI SANGYO CO., LTD. 2
NISSEKI HOUSE INDUSTRY CO., LTD 2
NISSEN CO., LTD. 2
NISSHA PRINTING CO., LTD. 2
NISSHIN FIRE & MARINE INSURANCE CO.,LTD. 2
NISSHIN FLOUR MILLING CO., LTD. 2
NISSHIN OIL MILLS, LTD., THE 2
NISSHIN STEEL CO., LTD. 2
NISSHINBO INDUSTRIES, INC. 2
NISSHO CORPORATION 2
NISSHO ELECTRONICS CORPORATION 2
NISSIN CORPORATION 2
NISSIN ELECTRIC CO., LTD. 2
NISSIN FOOD PRODUCTS CO., LTD. 2
NISSIN SUGAR MANUFACTURING CO., LTD. 2
NISSUI PHARMACEUTICAL CO., LTD. 2
NITSUKO CORPORATION 2
NITTAN VALVE CO., LTD. 2
NITTETSU MINING CO., LTD. 2
NITTO CHEMICAL INDUSTRY CO., LTD. 2
NITTO DENKO CORPORATION 2
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NITTO ELECTRIC WORKS, LTD. 2
NITTO FLOUR MILLING CO., LTD. 2
NITTOC CONSTRUCTION CO., LTD. 2
NIUGINI MINING LIMITED 2
NKF HOLDING N.V. 2
NKT HOLDING A/S 2
NOBEL INSURANCE LIMITED 1
NOBLE AFFILIATES, INC. 1
NOF CORPORATION 2
NOHI SEINO TRANSPORTATION CO., LTD. 2
NOHMI BOSAI LTD. 2
NOK CORPORATION 2
NOKIA MAILLEFER HOLDING SA 2
NOMA INDUSTRIES LIMITED 2
NOMURA CO., LTD. 2
NOMURA SECURITIES CO., LTD. (THE) 2
NORAM ENERGY CORPORATION 1
NORANDA FOREST INC. 2
NORANDA INC. 2
NORCEN ENERGY RESOURCES LIMITED 2
NORCROS PLC 2
NORD EST SA 2
NORDCEMENT AG 2
NORDSON CORPORATION 1
NORDSTROM & THULIN AB 2
NORDSTROM, INCORPORATED 1
NORFOLK SOUTHERN CORPORATION 1
NORIT N.V. 2
NORITAKE CO., LIMITED 2
NORITZ CORPORATION 2
NORMANDY MINING LIMITED 2
NORSK HYDRO A.S 2
NORSKE SKOGINDUSTRIER A.S 2
NORSTAN, INC. 1
NORTEK, INC. 1
NORTH AMERICAN MORTGAGE CO. 1
NORTH CAROLINA NATURAL GAS CORPORATION 1
NORTH FLINDERS MINES LIMITED 2
NORTH FORK BANCORPORATION, INC. 1
NORTH LIMITED 2
NORTH PACIFIC BANK, LTD. 2
NORTH WEST COMPANY INC. (THE) 2
NORTHEAST UTILITIES 1
NORTHERN ELECTRIC PLC 2
NORTHERN FOODS PLC 2
NORTHERN STATES POWER COMPANY (MINN) 1
NORTHERN TELECOM LIMITED 2
NORTHERN TRUST CORPORATION 1
NORTHROP GRUMMAN CORPORATION 1
NORTHSTAR ENERGY CORPORATION 2
NORTHUMBRIAN WATER GROUP PLC 2
NORTHWEST NATURAL GAS COMPANY 1
NORTHWESTERN PUBLIC SERVICE COMPANY 1
NORWEB PLC 2
NORWEST CORPORATION 1
NOVACARE INC. 1
NOVELL, INC. 1
NOVO NORDISK A/S 2
NOWSCO WELL SERVICE LTD. 2
NOZAKI INSATSU SHIGYO CO., LTD. 2
NPC INTERNATIONAL, INC. 1
NSK LTD. 2
NTN CORPORATION 2
NUCOR CORPORATION 1
NUERNBERGER BETEILIGUNGS-AG 2
NUI CORPORATION 1
NUMAC ENERGY INC. 2
NURDIN & PEACOCK PLC 2
NV HOLDINGMAATSCHAPPIJ DE TELEGRAAF 2
NV KONINKLIJKE BIJENKORF BEHEER KBB 2
NV KONINKLIJKE KNP BT 2
NV TWENTSCHE KABEL HOLDING 2
NV VERENIGD BEZIT VNU 2
NYMAGIC, INC. 1
NYNEX CORPORATION 1
N.V. GTI HOLDING 2
N.V. HOEK'S MACHINE- EN ZUURSTOFFABRIEK 2
N.V. KONINKLIJKE SPHINX GUSTAVSBERG 2
N.V. VERENIGDE BEDRIJVEN NUTRICIA 2
OAK CO., LTD. 2
OAK INDUSTRIES INC. 1
OAKWOOD HOMES CORPORATION 1
OBAYASHI CORPORATION 2
OBAYASHI ROAD CORPORATION 2
OCCIDENTAL PETROLEUM CORPORATION 1
OCEAN GROUP PLC 2
OCEANEERING INTERNATIONAL, INC. 1
OCE-VAN DER GRINTEN N.V. 2
OCTEL COMMUNICATIONS CORPORATION 1
ODAKYU CONSTRUCTION CO., LTD. 2
ODAKYU ELECTRIC RAILWAY CO., LTD. 2
ODAKYU REAL ESTATE CO., LTD. 2
OEA, INCORPORATED 1
OEC MEDICAL SYSTEMS, INC. 1
OEMV AG 2
OERLIKON-BUEHRLE HOLDING LTD. 2
OESTERREICHISCHE BRAU-BETEILIGUNGS-AG 2
OESTERREICHISCHE ELEKTRIZITAETSWIRTSCH. 2
OESTERREICHISCHE VOLKSBANKEN AG 2
OFFICE DEPOT, INC. 1
OFFSHORE LOGISTICS, INC. 1
OGAKI KYORITSU BANK, LTD. 2
OGDEN CORPORATION 1
OGLEBAY NORTON COMPANY 1
OHBA CO., LTD 2
OHIO CASUALTY CORPORATION 1
OHIO EDISON COMPANY 1
OHKI CORPORATION 2
OIL SEARCH LIMITED 2
OIL-DRI CORPORATION OF AMERICA 1
OITA BANK, LTD. 2
OKABE CO., LTD. 2
OKAMOTO INDUSTRIES, INC. 2
OKAMURA CORPORATION 2
OKI ELECTRIC CABLE CO., LTD. 2
OKLAHOMA GAS AND ELECTRIC COMPANY 1
OKOBANK OSUUSPANKKIEN KESKUSPANKKI OY 2
OKUMURA CORPORATION 2
OKURA INDUSTRIAL CO., LTD. 2
OLD KENT FINANCIAL CORPORATION 1
OLD NATIONAL BANCORP 1
OLD REPUBLIC INTERNATIONAL CORP. 1
OLDENBURGISCHE LANDESBANK AG 2
OLIN CORPORATION 1
OLIPAR SA 2
OLIVER CORPORATION 2
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OLSTEN CORPORATION (THE) 1
OLYMPUS OPTICAL CO., LTD. 2
OM GRUPPEN AB 2
OMNICARE, INC. 1
OMNICOM GROUP, INCORPORATED 1
OMRON CORPORATION 2
ONE VALLEY BANCORP OF WEST VIRGINIA, INC 1
ONEIDA LTD. 1
ONEITA INDUSTRIES, INC. 1
ONEOK, INC. 1
ONEX CORPORATION 2
ONO PHARMACEUTICAL CO., LTD. 2
ONWARD KASHIYAMA CO., LTD. 2
OPPENHEIMER CAPITAL, L.P 1
OPSM PROTECTOR LIMITED 2
OPTEC DAI-ICHI DENKO CO., LTD. 2
OPTICAL COATING LABORATORY, INC. 1
ORACLE CORPORATION 1
ORANGE AND ROCKLAND UTILITIES, INC. 1
ORBITAL ENGINE CORPORATION LIMITED 2
OREGON STEEL MILLS, INC. 1
ORGANO CORPORATION 2
ORIENT CORPORATION 2
ORIENT OVERSEAS INTERNATIONAL LTD 2
ORIENT TELECOM & TECHNOLOGY HOLDINGS 2
ORIENTAL PRESS GROUP LTD 2
ORIENTAL YEAST CO., LTD. 2
ORION CAPITAL CORPORATION 1
ORION-YHTYMA OY 2
ORKLA A/S 2
OSAKA GAS CO., LTD. 2
OSAKA SECURITIES FINANCE CO., LTD. 2
OSAKA UOICHIBA CO., LTD. 2
OSAKI ELECTRIC CO., LTD. 2
OSG CORPORATION 2
OSHAWA GROUP LIMITED (THE) 2
OSHKOSH B'GOSH, INC. 1
OSHKOSH TRUCK CORPORATION 1
OSMONICS, INC. 1
O'SULLIVAN CORPORATION 1
OTRA N.V. 2
OTTER TAIL POWER COMPANY 1
OUTBACK STEAKHOUSE, INC. 1
OUTBOARD MARINE CORPORATION 1
OUTOKUMPU OY 2
OWENS & MINOR, INC. 1
OXFORD INDUSTRIES, INC. 1
OXFORD INSTRUMENTS PLC 2
OY HACKMAN AB 2
OY HARTWALL AB 2
OY NOKIA AB 2
OY STOCKMANN AB 2
OY TAMRO AB 2
P & P PLC 2
PACCAR INC. 1
PACIFIC BBA LIMITED 2
PACIFIC DUNLOP LIMITED 2
PACIFIC ENTERPRISES 1
PACIFIC GAS AND ELECTRIC COMPANY 1
PACIFIC INDUSTRIAL CO., LTD. 2
PACIFIC SCIENTIFIC COMPANY 1
PACIFIC TELECOM, INC. 1
PACIFIC TELESIS GROUP 1
PACIFICARE HEALTH SYSTEMS, INC. 1
PACIFICARE HEALTH SYSTEMS, INC. 1
PACIFICORP 1
PAINE WEBBER GROUP INC. 1
PALIBURG HOLDING LIMITED 2
PALL CORPORATION 1
PANCANADIAN PETROLEUM LIMITED 2
PANHANDLE EASTERN CORPORATION 1
PARAMETRIC TECHNOLOGY CORPORATION 1
PARAMOUNT RESOURCES LTD 2
PARCO CO., LTD. 2
PARFINANCE SA 2
PARIS ORLEANS SA 2
PARK ELECTROCHEMICAL CORP. 1
PARKER HANNIFIN CORPORATION 1
PARK-OHIO INDUSTRIES, INC. 1
PARMALAT FINANZIARIA SPA 2
PARTEK OY AB 2
PASMINCO LIMITED 2
PATERSON ZOCHONIS PLC 2
PATRICK INDUSTRIES, INC. 1
PATTEN CORPORATION 1
PAULANER-SALVATOR-BETEILIGUNGS-AG 2
PAXAR CORPORATION 1
PAYCHEX, INC. 1
PAYCO AMERICAN CORPORATION 1
PAYLESS CASHWAYS, INC. 1
PEARSON PLC 2
PECHINEY INTERNATIONAL SA 2
PECO ENERGY COMPANY 1
PEEL HOLDINGS PLC 2
PELICAN GROUP PLC (THE) 2
PENDRAGON PLC 2
PENINSULAR & ORIENTAL STEAM NAVIGATION 2
PENN ENGINEERING & MANUFACTURING CORP. 1
PENN VIRGINIA CORPORATION 1
PENNEY (J.C.) COMPANY, INC. 1
PENNSYLVANIA ENTERPRISES, INC. 1
PENTAIR, INC. 1
PENTA-OCEAN CONSTRUCTION CO., LTD. 2
PENWEST, LTD. 1
PEOPLES ENERGY CORPORATION 1
PEP BOYS--MANNY, MOE & JACK (THE) 1
PEPSICO, INC. 1
PEREGRINE INVESTMENTS HOLDINGS LIMITED 2
PERKIN-ELMER CORPORATION (THE) 1
PERKINS FAMILY RESTAURANTS, L.P. 1
PERKINS FOODS PLC 2
PERLMOOSER ZEMENTWERKE AG 2
PERNOD RICARD SA 2
PERPETUAL PLC 2
PERPETUAL TRUSTEES AUSTRALIA LIMITED 2
PERRY GROUP PLC 2
PERSIMMON PLC 2
PERSTORP AB 2
PETER BLACK HOLDINGS PLC 2
PETER KURTS PROPERTIES LIMITED 2
PETRO-CANADA ENTERPRISES INC. 2
PETROFINA SA 2
PETROLEUM HELICOPTERS, INC. 1
PETROLITE CORPORATION 1
PEUGEOT SA 2
PFIZER INCORPORATED 1
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PHARMA VISION 2000 AG 2
PHARMACEUTICAL MARKETING SERVICES INC. 1
PHARMACEUTICAL RESOURCES, INC. 1
PHELPS DODGE CORPORATION 1
PHH CORPORATION 1
PHILADELPHIA SUBURBAN CORPORATION 1
PHILIP ENVIRONMENTAL INC 2
PHILIP MORRIS COMPANIES, INC. 1
PHILIPP HOLZMANN AG 2
PHILIPS ELECTRONICS N.V. 2
PHILLIPS PETROLEUM COMPANY 1
PHILLIPS-VAN HEUSEN CORPORATION 1
PHOENIX MECANO AG 2
PHOTO-ME INTERNATIONAL PLC 2
PHYSICIAN CORPORATION OF AMERICA 1
PICCADILLY CAFETERIAS, INC. 1
PIEDMONT NATURAL GAS COMPANY, INC. 1
PIER 1 IMPORTS, INC. 1
PILGRIM'S PRIDE CORPORATION 1
PILKINGTON PLC 2
PILOT CORPORATION 2
PINAULT-PRINTEMPS REDOUTE SA 2
PININFARINA SPA 2
PINNACLE RESOURCES LTD. 2
PINNACLE WEST CAPITAL CORPORATION 1
PIONEER ELECTRONIC CORP. 2
PIONEER FINANCIAL SERVICES, INC. 1
PIONEER GROUP, INC. 1
PIONEER HI-BRED INTERNATIONAL, INC. 1
PIONEER INTERNATIONAL LIMITED 2
PIONEER-STANDARD ELECTRONICS, INC. 1
PIRELLI & C. SPA 2
PITNEY BOWES, INC. 1
PITTSTON BRINK'S GROUP 1
PITTWAY CORPORATION 1
PLACER DOME, INC. 2
PLACER PACIFIC LIMITED 2
PLAINS PETROLEUM COMPANY 1
PLASTIC OMNIUM, COMPAGNIE 2
PLAYBOY ENTERPRISES, INC. 1
PLAYMATES PROPERTIES HOLDINGS LIMITED 2
PLENUM PUBLISHING CORPORATION 1
PLUM CREEK TIMBER COMPANY L.P. 1
PLUTONIC RESOURCES LIMITED 2
PLY GEM INDUSTRIES, INC. 1
PLYSU PLC 2
PNC BANK CORP. 1
POGO PRODUCING COMPANY 1
POHJOLA OY 2
POKKA CORPORATION 2
POLARIS INDUSTRIES, INC. 1
POLAROID CORPORATION 1
POLICY MANAGEMENT SYSTEMS CORPORATION 1
POLIET SA 2
POLYGRAM N.V. 2
POLYNORM N.V. 2
POLYPIPE PLC 2
POPE & TALBOT, INC. 1
PORTLAND GENERAL CORPORATION 1
PORTLAND VALDERRIVAS, S.A. 2
PORTSMOUTH AND SUNDERLAND NEWSPAPERS PLC 2
POSGOLD LIMITED 2
POTASH CORP OF SASKATCHEWAN INC. 2
POTLATCH CORPORATION 1
POTOMAC ELECTRIC POWER COMPANY 1
POWELL DUFFRYN PLC 2
POWELL INDUSTRIES, INC. 1
POWER FINANCIAL CORPORATION 2
POWERFIN SA 2
POWERGEN PLC 2
POWERSCREEN INTERNATIONAL PLC 2
POWERSCREEN INTERNATIONAL PLC 2
PPG INDUSTRIES, INCORPORATED 1
PP&L RESOURCES, INC. 1
PRATT AND LAMBERT, INC. 1
PRAXAIR, INC. 1
PRECISION CASTPARTS CORP. 1
PREMARK INTERNATIONAL, INC. 1
PREMDOR INC. 2
PREMIER BANCORP, INC. 1
PREMIER INDUSTRIAL CORPORATION 1
PREMIER OIL PLC 2
PRESIDENTIAL LIFE CORPORATION 1
PREUSSAG AG 2
PRICE COMMUNICATIONS CORPORATION 1
PRICE/COSTCO, INC. 1
PRIMA MEAT PACKERS, LTD. 2
PRIMAGAZ-CIE DES GAZ DE PETROLE PRIMAGAZ 2
PRIMARK CORPORATION 1
PRIME HOSPITALITY CORP. 1
PRINTRONIX, INC. 1
PROCTER & GAMBLE COMPANY (THE) 1
PRODEGA AG 2
PRODUCTION OPERATORS CORP. 1
PROGRESSIVE CORPORATION 1
PROMODES SA 2
PROSEGUR COMPANIA DE SEGURIDAD S.A. 2
PROTECTIVE LIFE CORPORATION 1
PROVIDENCE ENERGY CORPORATION 1
PROVIDENT BANCORP, INC. 1
PROVIDENT COMPANIES, INC. 1
PROVIDENT FINANCIAL PLC 2
PROVIDIAN CORPORATION 1
PROVIGO INC. 2
PROWTING PLC 2
PSIT PLC 2
PUBLIC SERVICE COMPANY OF COLORADO 1
PUBLIC SERVICE COMPANY OF NEW MEXICO 1
PUBLIC SERVICE CO. OF NORTH CAROLINA 1
PUBLIC SERVICE ENTERPRISE GROUP, INC. 1
PUBLICIS SA 2
PUBLISHING AND BROADCASTING LIMITED 2
PUERTO RICAN CEMENT COMPANY, INC. 1
PUGET SOUND POWER & LIGHT COMPANY 1
PULASKI FURNITURE CORPORATION 1
PULITZER PUBLISHING COMPANY 1
PULTE CORPORATION 1
PWA PAPIERWERKE WALDHOF-ASCHAFFENBURG AG 2
P.S. CORPORATION 2
QBE INSURANCE GROUP LIMITED 2
QCT RESOURCES LIMITED 2
QUAKER CHEMICAL CORPORATION 1
QUAKER OATS COMPANY (THE) 1
QUAKER STATE CORPORATION 1
QUALITY FOOD CENTERS, INC. 1
QUANEX CORPORATION 1
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QUANTUM CORPORATION 1
QUEBECOR INC. 2
QUEBEC-TELEPHONE 2
QUESTAR CORPORATION 1
QUICK & REILLY GROUP, INC. 1
QUIKSILVER, INC. 1
QUILMES INDUSTRIAL SA 2
QUIXOTE CORPORATION 1
Q.P. CORPORATION 2
Q.U.F. INDUSTRIES LIMITED 2
RACAL ELECTRONICS PLC 2
RADIOMETER A/S 2
RAINE PLC 2
RAISION TEHTAAT OY AB 2
RAITO KOGYO CO., LTD. 2
RALLYE SA 2
RALSTON-RALSTON PURINA GROUP 1
RANDSTAD HOLDING N.V. 2
RANGER OIL LIMITED 2
RANK ORGANISATION PLC 2
RASA INDUSTRIES, LTD. 2
RASMUSSEN & SCHIOTZ HOLDING A/S 2
RAUFOSS A/S 2
RAUTAKIRJA OY 2
RAUTARUUKKI OY 2
RAVEN INDUSTRIES, INC. 1
RAYMOND CORPORATION (THE) 1
RAYMOND JAMES FINANCIAL, INC. 1
RAYONIER TIMBERLANDS, L.P. 1
RAYROCK YELLOWKNIFE RESOURCES INC. 2
RAYTHEON COMPANY 1
READER'S DIGEST ASSOCIATION, INC. 1
READICUT INTERNATIONAL PLC 2
READ-RITE CORPORATION 1
REALTY DEVELOPMENT CORP. 2
RECKITT & COLMAN PLC 2
REDERIET KNUD I. LARSEN AS 2
REDLAND PLC 2
REEBOK INTERNATIONAL LTD. 1
REED INTERNATIONAL PLC 2
REFUGE GROUP PLC 2
REG VARDY PLC 2
REGAL HOTELS INTERNATIONAL HOLDINGS LTD. 2
REGAL-BELOIT CORPORATION 1
REGIONS FINANCIAL CORPORATION 1
REGIS CORPORATION 1
REITMANS (CANADA) LIMITED 2
RELIANCE GROUP HOLDINGS, INC. 1
RELIASTAR FINANCIAL CORP. 1
REMY COINTREAU SA 2
RENAISSANCE ENERGY LTD. 2
RENGO CO., LTD. 2
RENISHAW PLC 2
RENOLD PLC 2
RENTOKIL GROUP PLC 2
REPOLA OY 2
REPSOL S.A. 2
REPUBLIC GROUP, INC. 1
REPUBLIC NEW YORK CORPORATION 1
REUTERS HOLDINGS PLC 2
REX STORES CORPORATION 1
REXAM PLC 2
REXEL SA 2
REXEL, INC. 1
REYNOLDS AND REYNOLDS COMPANY (THE) 1
REYNOLDS METALS COMPANY 1
RGC LIMITED 2
RHEINBODEN HYPOTHEKENBANK AG 2
RHEINELEKTRA AG 2
RHEINMETALL BERLIN AG 2
RHEON AUTOMATIC MACHINERY CO., LTD. 2
RHOEN-KLINIKUM AG 2
RHONE-POULENC RORER INC. 1
RHYTHM WATCH CO., LTD. 2
RICHARDSON ELECTRONICS, LTD. 1
RICOH COMPANY, LTD. 2
RICOH ELEMEX CORPORATION 2
RIEBER & SON A/S 2
RIETER HOLDING AG 2
RIGGS NATIONAL CORPORATION 1
RIKEI CORPORATION 2
RIKEN CORPORATION 2
RIKEN KEIKI CO., LTD. 2
RIKEN VINYL INDUSTRY CO., LTD. 2
RIKEN VITAMIN CO., LTD. 2
RINASCENTE LA SPA 2
RINNAI CORPORATION 2
RIO ALGOM LIMITED 2
RISER FOODS, INC. 1
RITE AID CORPORATION 1
RIUNIONE ADRIATICA DI SICURTA SPA 2
RIVERWOOD INTERNATIONAL CORP. 1
RJR NABISCO HOLDINGS CORP. 1
RLI CORP. 1
RMC GROUP PLC 2
ROANOKE ELECTRIC STEEL CORPORATION 1
ROBBINS & MYERS, INC. 1
ROBERT HALF INTERNATIONAL INC. 1
ROCHE HOLDING AG 2
ROCHEFORTAISE COMMUNICATION SA, SOCIETE 2
ROCHESTER GAS AND ELECTRIC CORPORATION 1
ROCK PAINT CO., LTD. 2
ROCKWELL INTERNATIONAL CORPORATION 1
RODAMCO N.V. 2
ROGERS CORPORATION 1
ROHM COMPANY LIMITED 2
ROHM & HAAS COMPANY 1
ROHR, INC. 1
ROHTO PHARMACEUTICAL CO., LTD. 2
ROLAND CORPORATION 2
ROLLINS TRUCK LEASING CORP. 1
ROLLINS, INC. 1
ROLLS-ROYCE PLC 2
ROSS STORES, INC. 1
ROTHMANS HOLDINGS LIMITED 2
ROTHMANS INC. 2
ROTORK PLC 2
ROTO-ROOTER, INC. 1
ROUSSEL UCLAF SA 2
ROWE EVANS INVESTMENTS PLC 2
ROWE FURNITURE CORPORATION 1
ROYAL BANK OF CANADA 2
ROYAL CO., LTD. 2
ROYAL OAK MINES INC. 2
ROYALE BELGE SA 2
RPC, INC. 1
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RPM, INC. 1
RTZ CORPORATION PLC 2
RUBBERMAID INCORPORATED 1
RUDDICK CORPORATION 1
RUE IMPERIALE DE LYON SA 2
RUGBY GROUP PLC 2
RURAL PRESS LIMITED 2
RUSS BERRIE AND COMPANY, INC. 1
RUSSELL CORPORATION 1
RWE AKTIENGESELLSCHAFT 2
RYAN'S FAMILY STEAK HOUSE, INC. 1
RYDER SYSTEM, INC. 1
RYKOFF-SEXTON, INC. 1
RYLAND GROUP, INC. (THE) 1
RYOBI LIMITED 2
RYODEN TRADING COMPANY, LIMITED 2
RYOSAN COMPANY, LIMITED 2
RYOYO ELECTRO CORPORATION 2
S K I LIMITED 1
S X L CORPORATION 2
S & B FOODS INC. 2
SADE-STE ALSACIENNE DE DEVELOP & D'EXPAN 2
SAEKI KENSETSU KOGYO CO., LTD. 2
SAES GETTERS SPA 2
SAFECO CORPORATION 1
SAFEGUARD SCIENTIFICS, INC. 1
SAFETY-KLEEN CORP. 1
SAFEWAY, INC. 1
SAGA PETROLEUM A.S 2
SAGAMI CO., LTD. 2
SAGAMI RAILWAY CO., LTD. 2
SAGAMI RUBBER INDUSTRIES CO., LTD. 2
SAGEM SA 2
SAIBO CO., LTD. 2
SAIBU GAS CO., LTD. 2
SAIKAYA CO., LTD. 2
SAINT LOUIS SA 2
SAINT-GOBAIN EMBALLAGE SA 2
SAIPEM SPA 2
SAKAI CHEMICAL INDUSTRY CO., LTD. 2
SAKAI HEAVY INDUSTRIES, LTD. 2
SAKAI OVEX CO., LTD. 2
SAKATA INX CORPORATION 2
SAKATA SEED CORPORATION 2
SAKURA BANK LIMITED 2
SAKURADA CO., LTD. 2
SALAMANDER AG 2
SALANT CORPORATION 1
SALOMON INC 1
SALOMON SA 2
SALVEPAR-STE ALS & LOR VALEURS, ENT PAR 2
SAMAS-GROEP N.V. 2
SAMUEL MANU-TECH INC. 2
SAN JUAN BASIN ROYALTY TRUST 1
SAN MIGUEL BREWERY HONG KONG LTD. 2
SAN MIGUEL FABRICA DE CERVEZA Y MALTA SA 2
SAN-AI OIL CO., LTD. 2
SANDERSON BRAMALL MOTOR GROUP PLC 2
SANDERSON FARMS, INC. 1
SANDOZ AG 2
SANDVIK AB 2
SANFORD LIMITED 2
SANGETSU CO., LTD. 2
SAN-IN GODO BANK, LTD. 2
SANJO MACHINE WORKS, LTD. 2
SANKEI BUILDING CO., LTD. 2
SANKEN ELECTRIC CO., LTD. 2
SANKI ENGINEERING CO., LTD. 2
SANKO ENGINEERING CORPORATION 2
SANKO METAL INDUSTRIAL CO., LTD. 2
SANKYO ALUMINIUM INDUSTRY CO., LTD. 2
SANKYO COMPANY, LIMITED 2
SANKYO SEIKO CO., LTD. 2
SANKYU INC. 2
SANOFI SA 2
SANOH INDUSTRIAL CO., LTD 2
SANOYAS HISHINO MEISHO CORPORATION 2
SANSEI YUSOKI CO., LTD. 2
SANSHIN ELECTRONICS CO., LTD. 2
SANTEN PHARMACEUTICAL CO., LTD. 2
SANTOS LIMITED 2
SANWA BANK, LIMITED 2
SANWA SHUTTER CORPORATION 2
SANYO CHEMICAL INDUSTRIES, LTD. 2
SANYO DENKI CO., LTD. 2
SANYO ELECTRIC CO., LTD. 2
SANYO ELECTRIC RAILWAY CO., LTD. 2
SANYO ENGINEERING & CONSTRUCTION INC. 2
SANYO INDUSTRIES, LTD. 2
SANYO SHOKAI LTD. 2
SANYO SPECIAL STEEL CO., LTD. 2
SAP AG 2
SAPPORO BREWERIES LIMITED 2
SAPPORO LION LIMITED 2
SARA LEE CORPORATION 1
SARNA KUNSTSTOFF HOLDING AG 2
SASEBO HEAVY INDUSTRIES CO., LTD. 2
SASIB SPA 2
SATA CONSTRUCTION CO., LTD. 2
SATO SHOJI CORPORATION 2
SAVANNAH FOODS & INDUSTRIES, INC. 1
SAVOY HOTEL PLC 2
SAWAFUJI ELECTRIC CO., LTD. 2
SBARRO, INC. 1
SBC COMMUNICATIONS INC. 1
SCA LAAKIRCHEN AG 2
SCANA CORPORATION 1
SCAPA GROUP PLC 2
SCECORP 1
SCEPTRE RESOURCES LIMITED 2
SCHAERF AG 2
SCHAWK, INC. 1
SCHERING AG 2
SCHERING-PLOUGH CORPORATION 1
SCHINDLER HOLDING AG 2
SCHLUMBERGER LIMITED 1
SCHMALBACH-LUBECA AG 2
SCHNEIDER CORPORATION 2
SCHOLL PLC 2
SCHRODERS PLC 2
SCHRODERS PROPERTY FUND 2
SCHULMAN, (A.) INC. 1
SCHULTZ SAV-O STORES, INC. 1
SCHWAB (CHARLES) CORPORATION (THE) 1
SCHWEIZERHALL HOLDING AG 2
SCHWEIZERISCHE BANKGESELLSCHAFT 2
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SCHWEIZERISCHE RUECKVERSICHERUNG-GES. 2
SCHWEIZERISCHER BANKVEREIN 2
SCHWEIZ. IND. GESELLSCHAFT HOLDING (SIG) 2
SCIENTIFIC-ATLANTA, INC. 1
SCINTILLA AG 2
SCOTSMAN INDUSTRIES, INC. 1
SCOTT PAPER LIMITED 2
SCOTTISH HYDRO-ELECTRIC PLC 2
SCOTTISH METROPOLITAN PROPERTY PLC 2
SCOTTISH POWER PLC 2
SCOTTISH TELEVISION PLC 2
SCOTTISH & NEWCASTLE PLC 2
SCOTT'S HOSPITALITY INC. 2
SCRIPPS E.W. COMPANY (THE) 1
SEABOARD CORPORATION 1
SEACOAST BANKING CORPORATION OF FLORIDA 1
SEAGATE TECHNOLOGY 1
SEAGRAM COMPANY LTD. (THE) 2
SEAGULL ENERGY CORPORATION 1
SEALRIGHT CO., INC. 1
SEARS CANADA INC. 2
SEARS PLC 2
SEARS ROEBUCK DE MEXICO 2
SEARS, ROEBUCK AND CO. 1
SECO TOOLS AB 2
SECOM CO., LTD. 2
SECURICOR GROUP PLC 2
SECURITY SERVICES PLC 2
SEDGWICK GROUP PLC 2
SEEBOARD PLC 2
SEFIMEG-STE FRAN INVEST IMMOB ET DE GEST 2
SEGA ENTERPRISES, LTD. 2
SEI CORPORATION 1
SEIKA CORPORATION 2
SEINO TRANSPORTATION CO., LTD. 2
SEIREI INDUSTRY CO., LTD. 2
SEIREN CO., LTD. 2
SEITEL INC 1
SEIWA ELECTRIC MFG. CO., LTD. 2
SEIYO FOOD SYSTEMS INC. 2
SEIYU, LTD. 2
SEKISUI CHEMICAL CO., LTD. 2
SEKISUI HOUSE, LTD. 2
SEKISUI JUSHI CORPORATION 2
SEKISUI PLASTICS CO., LTD. 2
SELECTIBANQUE SA 2
SELECTIVE INSURANCE GROUP, INC. 1
SEMA GROUP PLC 2
SEMI-TECH CORPORATION 2
SEMI-TECH (GLOBAL) CO., LTD. 2
SENIOR ENGINEERING GROUP PLC (SEGL) 2
SENKO CO., LTD. 2
SENSHU BANK, LTD. 2
SENSHUKAI CO., LTD. 2
SENSORMATIC ELECTRONICS COMPANY 1
SEQUENT COMPUTER SYSTEMS, INC. 1
SERVICE CORPORATION INTERNATIONAL 1
SERVICE MERCHANDISE COMPANY, INC. 1
SERVICEMASTER, LIMITED PARTNERSHIP 1
SEVEN-ELEVEN JAPAN CO., LTD. 2
SEVENTY-SEVEN BANK LTD. 2
SEVERN TRENT PLC 2
SHANKS & MCEWAN PLC 2
SHARED MEDICAL SYSTEMS CORPORATION 1
SHARP CORPORATION 2
SHAW BROTHERS (HONG KONG) LIMITED 2
SHAW COMMUNICATIONS INC. 2
SHAW INDUSTRIES LTD. 2
SHAW INDUSTRIES, INC. 1
SHEFFIELD INSULATIONS GROUP PLC 2
SHELBY WILLIAMS INDUSTRIES, INC. 1
SHELL CANADA LTD. 2
SHELL TRANSPORT & TRADING COMPANY (THE) 2
SHERWIN-WILLIAMS COMPANY (THE) 1
SHERWOOD GROUP PLC 2
SHERWOOD GROUP, INC., (THE) 1
SHIBUSAWA WAREHOUSE CO., LTD. 2
SHIBUYA KOGYO CO., LTD. 2
SHIGA BANK, LTD. 2
SHIKOKU BANK LTD. 2
SHIKOKU CHEMICALS CORPORATION 2
SHIKOKU ELECTRIC POWER COMPANY, INC. 2
SHIMA SEIKI MFG., LTD. 2
SHIMACHU CO., LTD. 2
SHIMADZU CORPORATION 2
SHIMAMURA CO., LTD. 2
SHIMANO INC. 2
SHIMIZU BANK, LTD. 2
SHIMIZU CORPORATION 2
SHIN NIKKEI COMPANY, LTD. 2
SHIN NIPPON AIR TECHNOLOGIES CO., LTD. 2
SHIN NIPPON MACHINERY CO., LTD 2
SHINAGAWA FUEL CO., LTD. 2
SHINAGAWA REFRACTORIES CO., LTD. 2
SHIN-ETSU CHEMICAL CO., LTD. 2
SHIN-ETSU POLYMER CO., LTD. 2
SHIN-KEISEI ELECTRIC RAILWAY CO., LTD. 2
SHINKO ELECTRIC INDUSTRIES CO., LTD 2
SHINKO SANGYO CO., LTD. 2
SHINKO SHOJI CO., LTD. 2
SHIN-KOBE ELECTRIC MACHINERY CO., LTD. 2
SHINMAYWA INDUSTRIES LTD. 2
SHINSHO CORPORATION 2
SHINWA BANK, LTD. 2
SHIONOGI & CO., LTD. 2
SHIROKI CORPORATION 2
SHISEIDO COMPANY, LIMITED 2
SHIZUOKA BANK, LTD. (THE) 2
SHL SYSTEMHOUSE INC. 2
SHO-BOND CORPORATION 2
SHOCHIKU CO., LTD. 2
SHOEI FOODS CORPORATION 2
SHOKO CO., LTD. 2
SHOPKO STORES, INC. 1
SHOWA AIRCRAFT INDUSTRY CO., LTD 2
SHOWA ALUMINUM CORPORATION 2
SHOWA CORPORATION 2
SHOWA ELECTRIC WIRE & CABLE CO., LTD. 2
SHOWA HIGHPOLYMER CO., LTD. 2
SHOWA SANGYO CO., LTD. 2
SHOWA SHELL SEKIYU K.K. 2
SHOWA TANSAN CO., LTD. 2
SHOWBOAT, INC. 1
SHUN TAK HOLDINGS LIMITED 2
SIAB AB 2
SIDDONS RAMSET LIMITED 2
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SIDLAW GROUP PLC 2
SIEBE PLC 2
SIEGFRIED AG 2
SIEMENS AG 2
SIERRA HEALTH SERVICES, INC. 1
SIERRA PACIFIC RESOURCES 1
SIGCORP, INC. 1
SIGMA-ALDRICH CORPORATION 1
SIGNET BANKING CORPORATION 1
SIHL-ZUERCHER PAPIERFABRIK AN DER SIHL 2
SIKA FINANZ AG, BAAR 2
SILEC-STE INDUSTRIELLE DE LIAISONS ELECT 2
SILENTNIGHT HOLDINGS PLC 2
SILICON GRAPHICS, INC. 1
SILICON VALLEY GROUP, INC. 1
SILICONIX INCORPORATED 1
SILIC-STE IMMOB LOC POUR L'INDUS & COMM 2
SIMCO SA 2
SIME DARBY HONG KONG LIMITED 2
SIMINT SOCIETA ITALIANA MANUFATTI SPA 2
SIMMONS FIRST NATIONAL CORPORATION 1
SIMPSON INDUSTRIES, INC. 1
SIMRAD A/S 2
SINGER & FRIEDLANDER GROUP PLC 2
SINTOKOGIO, LTD. 2
SIPEF SA 2
SIRDAR PLC 2
SIRTI SPA 2
SITA-STE INDUST TRANSPORTS AUTOMOBILES 2
SJW CORP. 1
SKANDINAVISKA ENSKILDA BANKEN 2
SKANE-GRIPEN AB 2
SKETCHLEY PLC 2
SKF AB 2
SKIBSAKSJESELSKAPET STORLI 2
SKIS ROSSIGNOL SA 2
SKYLARK CO., LTD. 2
SKYLINE CORPORATION 1
SKYWEST, INC. 1
SLIGOS SA 2
SLOCAN FOREST PRODUCTS LTD. 2
SLOUGH ESTATES PLC 2
SMART & FINAL, INC. 1
SMC CORPORATION 2
SME SOCIETA MERIDIONALE FINANZIARIA 2
SMH-SCHW. GES. FUER MIKROELEKTRONIK AG 2
SMITH INTERNATIONAL, INC. 1
SMITH & NEPHEW PLC 2
SMITH (A.O.) CORPORATION 1
SMITH (W.H.) GROUP PLC 2
SMITHFIELD FOODS, INC. 1
SMITHKLINE BEECHAM P.L.C. 2
SMITH'S FOOD & DRUG CENTERS, INC. 1
SMITHS INDUSTRIES PLC 2
SMOBY SA 2
SMUCKER J.M. COMPANY (THE) 1
SMUCKER J.M. COMPANY (THE) 1
SNAP-ON, INCORPORATED 1
SNC LAVALIN GROUP INC. 2
SNIA BPD SPA 2
SNOW BRAND MILK PRODUCTS CO., LTD. 2
SNT CORPORATION 2
SOCFINASIA SA 2
SOCIEDAD GENERAL AZUCARERA DE ESPANA SA 2
SOCIEDAD GENERAL DE AGUAS DE BARCELONA 2
SOCIETA PARTECIPAZIONI FINANZ. SPA SOPAF 2
SOCIETA PEL RISANAMENTO DI NAPOLI SPA 2
SOCIETE BELGE DES BETONS SA 2
SOCIETE BIC SA 2
SOCIETE DES IMMEUBLES DE FRANCE SA 2
SOCIETE DU LOUVRE-GROUPE DU LOUVRE SA 2
SOCIETE FINANCIERE IMMOBAIL SA 2
SOCIETE FINANCIERE IMMOBANQUE SA 2
SOCIETE FINANCIERE INTERBAIL SA 2
SOCIETE FONCIERE LYONNAISE SA 2
SOCIETE GENERALE DE BELGIQUE SA 2
SOCIETE GENERALE DE FRANCE SA 2
SOCIETE GENERALE D'ENTERPRISES SA 2
SOC. GENERALE DE SURVEILLANCE HOLDING SA 2
SOC. GENERALE DE SURVEILLANCE HOLDING SA 2
SODA NIKKA CO., LTD. 2
SODEXHO SA 2
SOFAMOR/DANEK GROUP, INC. 1
SOFINA SA 2
SOGEFI SPA 2
SOGO CO., LTD. 2
SOKKIA COMPANY, LIMITED 2
SOLECTRON CORPORATION 1
SOLVAY SA 2
SOMAR CORPORATION 2
SOMMER-ALLIBERT SA 2
SONAT INC. 1
SONDEL-SOCIETA NORDELETTRICA SPA 2
SONOCO PRODUCTS COMPANY 1
SONS OF GWALIA LIMITED 2
SONTON FOOD INDUSTRY CO., LTD. 2
SONY CHEMICALS CORPORATION 2
SONY CORPORATION 2
SONY MUSIC ENTERTAINMENT (JAPAN) INC. 2
SOPHUS BERENDSEN A/S 2
SORIN BIOMEDICA SPA 2
SOTETSU ROSEN CO., LTD. 2
SOTETSU TRANSPORTATION CO., LTD. 2
SOTHEBYS HOLDINGS, INC. 1
SOTOH CO., LTD. 2
SOUDURE AUTOGENE FRANCAISE SA 2
SOUTH CHINA MORNING POST (HOLDINGS) LTD 2
SOUTH JERSEY INDUSTRIES, INC. 1
SOUTH STAFFORDSHIRE WATER HOLDINGS PLC 2
SOUTH WALES ELECTRICITY PLC 2
SOUTH WEST WATER PLC 2
SOUTH WESTERN ELECTRICITY PLC 2
SOUTHAM INC. 2
SOUTHCORP HOLDINGS LIMITED 2
SOUTHDOWN, INC. 1
SOUTHEASTERN MICHIGAN GAS ENTERPRISES 1
SOUTHEND PROPERTY HOLDINGS PLC 2
SOUTHERN CALIFORNIA WATER COMPANY 1
SOUTHERN COMPANY (THE) 1
SOUTHERN ELECTRIC PLC 2
SOUTHERN NATIONAL CORPORATION 1
SOUTHERN NEW ENGLAND TELECOMMUNICATIONS 1
SOUTHERN UNION COMPANY 1
SOUTHERN WATER PLC 2
SOUTHTRUST CORP. 1
SOUTHWEST AIRLINES CO. 1
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SOUTHWEST GAS CORP 1
SOUTHWESTERN ENERGY COMPANY 1
SOUTHWESTERN PUBLIC SERVICE COMPANY 1
SOVAC SA 2
SPA INDUSTRIA ARTICOLI GOMMA SAIAG 2
SPAR AEROSPACE LIMITED 2
SPAR NORD HOLDING A/S 2
SPARTAN MOTORS, INC. 1
SPICERS PAPER LIMITED 2
SPIR COMMUNICATION SA 2
SPIRAX-SARCO ENGINEERING PLC 2
SPOTLESS GROUP LIMITED 2
SPOTLESS SERVICES LIMITED 2
SPRINGS INDUSTRIES, INC. 1
SPRINT CORPORATION 1
SPS TECHNOLOGIES, INC. 1
SPX CORPORATION 1
SRL INC. 2
SS PHARMACEUTICAL CO., LTD. 2
SSAB SVENSKT STAL AB 2
ST JAMES'S PLACE CAPITAL PLC 2
STAKIS PLC 2
STANDA SPA 2
STANDARD CHARTERED PLC 2
STANDARD FEDERAL BANCORPORATION 1
STANDARD MICROSYSTEMS CORPORATION 1
STANDARD MOTOR PRODUCTS, INC. 1
STANDARD PACIFIC CORP. 1
STANDARD PRODUCTS COMPANY (THE) 1
STANDARD REGISTER COMPANY (THE) 1
STANDEX INTERNATIONAL CORPORATION 1
STANFORD TELECOMMUNICATIONS, INC. 1
STANHOME, INCORPORATED 1
STANLEY ELECTRIC CO., LTD. 2
STANLEY LEISURE ORGANIZATION PLC 2
STANLEY WORKS (THE) 1
STAR BANC CORP. 1
STARRETT L.S. COMPANY (THE) 1
STATE STREET BOSTON CORPORATION 1
STAVELEY INDUSTRIES PLC 2
STE DES BAINS DE MER & DU CERC DES ETRAN 2
STE D'OXYGENE ET D'ACTYLENE D'EX. ORIENT 2
STE SUCRIERE DE PITHIVIERS LE VIEIL SA 2
STEEL TECHNOLOGIES, INC. 1
STEEL & TUBE HOLDINGS LTD. 2
STEFANEL SPA 2
STELCO INC. 2
STELUX HOLDINGS LIMITED 2
STEPAN COMPANY 1
STERLING BANCORP 1
STERLING CHEMICALS, INC. 1
STERLING ELECTRONICS CORPORATION 1
STERLING SOFTWARE, INC. 1
STET SOC. FINANZIARIA TELEFONICA PA 2
STEWART INFORMATION SERVICES CORPORATION 1
STEWART & STEVENSON SERVICES, INC. 1
STOEHR & CO AG 2
STOKELY USA, INC. 1
STONE CONTAINER CORPORATION 1
STONE & WEBSTER, INCORPORATED 1
STORA KOPPARBERGS BERGSLAGS AB 2
STOREHOUSE PLC 2
STORK N.V. 2
STRABAG AG 2
STRABAG OESTERREICH AG 2
STRATUS COMPUTER, INC. 1
STRAWBRIDGE & CLOTHIER 1
STRIDE RITE CORPORATION (THE) 1
STRUCTURAL DYNAMICS RESEARCH CORPORATION 1
STRYKER CORPORATION 1
STURM, RUGER & COMPANY, INC. 1
STUTTGARTER BANK AG 2
ST. IVES PLC 2
ST. JOE PAPER COMPANY 1
ST. JOSEPH LIGHT & POWER COMPANY 1
ST. JUDE MEDICAL, INCORPORATED 1
ST. LAWRENCE CEMENT INC. 2
ST. MOWDEN PROPERTIES PLC 2
ST. PAUL COMPANIES, INC. (THE) 1
SUBARU ENTERPRISE CO., LTD. 2
SUED-CHEMIE AG 2
SUEDZUCKER AG 2
SUFFOLK BANCORP 1
SULZER AG 2
SUMISHO COMPUTER SYSTEMS CORPORATION 2
SUMITOMO BAKELITE COMPANY, LIMITED 2
SUMITOMO BANK, LIMITED 2
SUMITOMO CONSTRUCTION CO., LTD. 2
SUMITOMO CORPORATION 2
SUMITOMO DENSETSU CO., LTD. 2
SUMITOMO ELECTRIC INDUSTRIES, LTD. 2
SUMITOMO FORESTRY CO., LTD. 2
SUMITOMO HEAVY INDUSTRIES, LTD. 2
SUMITOMO LIGHT METAL INDUSTRIES, LTD. 2
SUMITOMO MARINE & FIRE INSURANCE CO, LTD 2
SUMITOMO OSAKA CEMENT CO., LTD. 2
SUMITOMO PRECISION PRODUCTS CO., LTD. 2
SUMITOMO REALTY & DEVELOPMENT CO., LTD. 2
SUMITOMO RUBBER INDUSTRIES, LTD. 2
SUMITOMO SEIKA CHEMICALS CO., LTD. 2
SUMITOMO SITIX CORPORATION 2
SUMITOMO TRUST & BANKING CO., LTD. 2
SUMITOMO WAREHOUSE CO., LTD. (THE) 2
SUMITOMO WIRING SYSTEMS, LTD. 2
SUMMIT BANCORPORATION (THE) 1
SUN ALLIANCE GROUP PLC 2
SUN COMPANY, INC. 1
SUN ENERGY PARTNERS L.P. 1
SUN HUNG KAI PROPERTIES LIMITED 2
SUN HUNG KAI & CO. LIMITED 2
SUN MICROSYSTEMS, INC. 1
SUN WAVE CORPORATION 2
SUNAMERICA INC. 1
SUNDSTRAND CORPORATION 1
SUNGARD DATA SYSTEMS INC. 1
SUNRISE MEDICAL INC. 1
SUNSTAR INC. 2
SUNTELEPHONE CO., LTD. 2
SUNTRUST BANKS, INC. 1
SUPER FOOD SERVICES, INC. 1
SUPERFOS A/S 2
SUPERIOR INDUSTRIES INTERNATIONAL, INC. 1
SUPERIOR SURGICAL MFG. CO. INC. 1
SUPERVALU, INC. 1
SURGICAL CARE AFFILIATES INC 1
SURUGA BANK, LTD. 2
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SUSQUEHANNA BANCSHARES, INC. 1
SUTER PLC 2
SUZUKI MOTOR CORPORATION 2
SUZUTAN CO., LTD. 2
SVEDALA INDUSTRI AB 2
SVENSKA CELLULOSA AKTIEBOLAGET SCA 2
SVENSKA HANDELSBANKEN 2
SWIFT ENERGY COMPANY 1
SWIRE PACIFIC LIMITED 2
SWISS LIFE INSURANCE & PENSION CO. 2
SWISSAIR SCHWEIZERISCHE LUFTVERKEHR AG 2
SWISSLOG HOLDING AG 2
SYDKRAFT AB 2
SYMBOL TECHNOLOGIES, INC. 1
SYNALLOY CORPORATION 1
SYNCOR INTERNATIONAL CORPORATION 1
SYNOVUS FINANCIAL CORP. 1
SYNTHELABO SA 2
SYP-INVEST OY 2
SYSCO CORPORATION 1
SYSTEM SOFTWARE ASSOCIATES, INC. 1
S. DYRUP & CO. A/S 2
S.T. CHEMICAL CO., LTD. 2
T & N PLC 2
TABACALERA, S.A. 2
TACHIHI ENTERPRISE CO., LTD. 2
TACHI-S CO., LTD. 2
TADANO, LTD. 2
TAI CHEUNG HOLDINGS LTD 2
TAI SANG LAND DEVELOPMENT LIMITED 2
TAIHEI DENGYO KAISHA, LTD. 2
TAIHEI KOGYO CO., LTD. 2
TAIHEIYO KOUHATSU INCORPORATED 2
TAIKISHA LTD. 2
TAISEI CORPORATION 2
TAISEI FIRE & MARINE INSURANCE CO., LTD. 2
TAISEI PREFAB CONSTRUCTION CO., LTD. 2
TAISEI ROTEC CORPORATION 2
TAISHO PHARMACEUTICAL CO., LTD. 2
TAITO CO., LTD. 2
TAITTINGER SA 2
TAIYO TOYO SANSO CO., LTD. 2
TAIYO YUDEN CO., LTD. 2
TAKAOKA ELECTRIC MFG. CO., LTD. 2
TAKARA SHUZO CO., LTD. 2
TAKARA STANDARD CO., LTD. 2
TAKARE PLC 2
TAKASAGO INTERNATIONAL CORPORATION 2
TAKASAGO THERMAL ENGINEERING CO.,LTD 2
TAKASHIMA & CO., LTD. 2
TAKEDA CHEMICAL INDUSTRIES, LTD. 2
TAKI CHEMICAL CO., LTD. 2
TAKIGAMI STEEL CONSTRUCTION CO., LTD. 2
TAKIRON CO., LTD. 2
TAKUMA CO., LTD. 2
TALISMAN ENERGY INC. 2
TALLEY INDUSTRIES, INC. 1
TAMBRANDS INC. 1
TAMFELT OY AB 2
TAMPELLA OY AB 2
TAMURA CORPORATION 2
TANABE SEIYAKU CO., LTD. 2
TANDEM COMPUTERS INCORPORATED 1
TANDY CORPORATION 1
TANDYCRAFTS, INC. 1
TANSEISHA CO., LTD. 2
TARRAGON OIL & GAS LIMITED 2
TASAKI SHINJU CO., LTD. 2
TATE & LYLE PLC 2
TATEYAMA ALUMINIUM INDUSTRY CO., LTD. 2
TATSUTA ELECTRIC WIRE & CABLE CO., LTD. 2
TAUNTON CIDER PLC 2
TBC CORPORATION 1
TCA CABLE TV, INC. 1
TCBY ENTERPRISES, INC. 1
TCF FINANCIAL CORPORATION 1
TCG INTERNATIONAL INC. 2
TDK CORPORATION 2
TECH DATA CORPORATION 1
TECHNITROL, INC. 1
TECH-SYM CORPORATION 1
TECK CORPORATION 2
TECNOST SPA 2
TECO ENERGY, INCORPORATED 1
TECUMSEH PRODUCTS COMPANY 1
TEIJIN LIMITED 2
TEIJIN SEIKI CO., LTD. 2
TEIKOKU HORMONE MFG. CO., LTD. 2
TEIKOKU OIL CO., LTD. 2
TEIKOKU PISTON RING CO., LTD. 2
TEIKOKU TSUSHIN KOGYO CO., LTD. 2
TEISAN KABUSHIKI KAISHA 2
TEJAS GAS CORPORATION 1
TEJON RANCH COMPANY 1
TEKKEN CORPORATION 2
TEKTRONIX, INC. 1
TELE DANMARK A/S 2
TELECO CAVI SPA 2
TELECOM CORPORATION OF NEW ZEALAND 2
TELECOM ITALIA SPA 2
TELEDYNE, INC. 1
TELEFLEX, INCORPORATED 1
TELEFONAKTIEBOLAGET LM ERICSSON 2
TELEFONICA DE ESPANA, S.A. 2
TELEFONOS DE MEXICO S.A. DE C.V. 2
TELEGLOBE INC. 2
TELEPHONE AND DATA SYSTEMS, INC. 1
TELEVISION BROADCASTS LIMITED 2
TELEVISION FRANCAISE 1 SA-TF1 2
TELLABS, INC. 1
TELUS CORPORATION 2
TELXON CORPORATION 1
TEMBEC INC. 2
TEMPLE-INLAND INC. 1
TENET HEALTHCARE CORPORATION 1
TENMA CORPORATION 2
TENNANT COMPANY 1
TENNECO INC. 1
TERADYNE, INC. 1
TERAOKA SEISAKUSHO CO., LTD. 2
TERRA INDUSTRIES, INC. 1
TESAC CORPORATION 2
TESCO PLC 2
TESORO PETROLEUM CORPORATION 1
TESSENDERLO CHEMIE SA 2
TETRA CO., LTD. 2
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TEXACO INCORPORATED 1
TEXAS INDUSTRIES, INC. 1
TEXAS INSTRUMENTS INCORPORATED 1
TEXAS UTILITIES COMPANY 1
TEXTRON INC. 1
THAMES WATER PLC 2
THE BERKELEY GROUP PLC 2
THE BOC GROUP PLC 2
THE MAYFLOWER CORPORATION PLC 2
THE MERSEY DOCKS AND HARBOUR COMPANY 2
THE MORGAN CRUCIBLE COMPANY PLC 2
THE ROYAL BANK OF SCOTLAND GROUP PLC 2
THERMEDICS INC. 1
THERMO ELECTRON CORPORATION 1
THERMO INSTRUMENT SYSTEMS INC. 1
THERMO POWER CORPORATION 1
THIOKOL CORPORATION 1
THOMAS INDUSTRIES INC. 1
THOMAS & BETTS CORPORATION 1
THOMSON CORPORATION 2
THOMSON-CSF SA 2
THOR INDUSTRIES, INCORPORATED 1
THORN EMI PLC 2
THORNTONS PLC 2
THREE-FIVE SYSTEMS, INC. 1
THUEGA AG 2
THYSSEN INDUSTRIE AG 2
TH. GOLDSCHMIDT AG 2
TIAN TECK LAND LIMITED 2
TIBBETT & BRITTEN GROUP 2
TIDEWATER INC. 1
TIDNINGS AB MARIEBERG 2
TIFFANY & CO. 1
TILBURY DOUGLAS PLC 2
TIMBERLAND COMPANY 1
TIME PRODUCTS PLC 2
TIMES MIRROR COMPANY (THE) 1
TIMKEN COMPANY (THE) 1
TJ INTERNATIONAL, INC. 1
TJX COMPANIES, INC.(THE) 1
TKC CORPORATION 2
TNP ENTERPRISES, INC. 1
TOA CORPORATION 2
TOA DORO KOGYO CO., LTD. 2
TOA OIL CO., LTD. 2
TOA STEEL CO., LTD. 2
TOAGOSEI CO., LTD. 2
TOBU RAILWAY CO., LTD. 2
TOBU STORE CO., LTD. 2
TOC CO., LTD. 2
TOCHIGI BANK, LTD. 2
TOCHIGI FUJI INDUSTRIAL CO., LTD. 2
TODA CORPORATION 2
TODA KOGYO CORPORATION 2
TODD SHIPYARDS CORPORATION 1
TODENTU CORPORATION 2
TOEI COMPANY, LTD. 2
TOENEC CORPORATION 2
TOHO BANK LTD. 2
TOHO CO., LTD. 2
TOHO GAS CO., LTD. 2
TOHO RAYON CO., LTD. 2
TOHO REAL ESTATE CO., LTD. 2
TOHO ZINC CO., LTD. 2
TOHOKU ELECTRIC POWER COMPANY, INC. 2
TOHOKU TELECOMMUNICATIONS CONSTRUCTION 2
TOHTO SUISAN CO., LTD. 2
TOKAI BANK, LIMITED 2
TOKAI CARBON CO., LTD. 2
TOKAI RIKA CO. LTD. 2
TOKAI RUBBER INDUSTRIES, LTD. 2
TOKICO, LTD. 2
TOKIN CORPORATION 2
TOKIO MARINE & FIRE INSURANCE CO 2
TOKO ELECTRIC CORPORATION 2
TOKO, INC. 2
TOKUSHU PAPER MFG. CO., LTD. 2
TOKUYAMA CORPORATION 2
TOKYO BROADCASTING SYSTEM, INC. 2
TOKYO BUHIN KOGYO CO., LTD. 2
TOKYO DENKI KOMUSHO CO., LTD. 2
TOKYO DOME CORPORATION 2
TOKYO ELECTRIC POWER CO., INC., THE 2
TOKYO ELECTRON LIMITED 2
TOKYO GAS CO., LTD. 2
TOKYO KAIKAN CO., LTD. 2
TOKYO NISSAN AUTO SALES CO., LTD. 2
TOKYO OHKA KOGYO CO., LTD 2
TOKYO PRINTING INK MFG. CO., LTD. 2
TOKYO RAKUTENCHI CO., LTD. 2
TOKYO ROPE MFG. CO., LTD. 2
TOKYO SOIR CO., LTD. 2
TOKYO STYLE CO., LTD. 2
TOKYO TANABE CO., LTD. 2
TOKYO TEKKO CO., LTD. 2
TOKYO THEATRES COMPANY INCORPORATED 2
TOKYO TOMIN BANK, LIMITED 2
TOKYOTOKEIBA CO., LTD. 2
TOKYU CAR CORPORATION 2
TOKYU CONSTRUCTION CO., LTD. 2
TOKYU CORPORATION 2
TOKYU DEPARTMENT STORE CO. LTD. 2
TOKYU HOTEL CHAIN CO., LTD. 2
TOKYU RECREATION CO., LTD. 2
TOKYU STORE CHAIN CO., LTD. 2
TOLI CORPORATION 2
TOLL BROTHERS, INC. 1
TOLMEX S.A. DE C.V. 2
TOMKINS PLC 2
TOMOE CORPORATION 2
TOMOEGAWA PAPER CO. LTD. 2
TOMOKU CO., LTD. 2
TOMPKINS COUNTY TRUSTCO, INC. 1
TOMRA SYSTEMS A/S 2
TONAMI TRANSPORTATION CO., LTD. 2
TONEN CORPORATION 2
TOOTSIE ROLL INDUSTRIES, INC. 1
TOPPAN PRINTING CO., LTD. 2
TOPPS COMPANY INC. (THE) 1
TOPRE CORPORATION 2
TOPS ESTATES PLC 2
TOPY INDUSTRIES, LIMITED 2
TORAY INDUSTRIES, INC. 2
TORCHMARK CORPORATION 1
TORISHIMA PUMP MFG. CO., LTD. 2
TORO ASSICURAZIONI CIA ANOMIA D'ASSICU. 2
<PAGE>
TORO COMPANY (THE) 1
TORONTO DOMINION BANK (THE) 2
TORSTAR CORPORATION 2
TOSCO CORPORATION 1
TOSHIBA CORPORATION 2
TOSHIBA MACHINE CO., LTD. 2
TOSHIBA PLANT KENSETSU CO. LTD. 2
TOSHO PRINTING COMPANY, LIMITED 2
TOSHOKU LTD. 2
TOSTEM CORPORATION 2
TOTAL SA 2
TOTAL SYSTEM SERVICES, INC. 1
TOTENKO CO., LTD. 2
TOTETSU KOGYO CO., LTD. 2
TOTO LTD. 2
TOTOKU ELECTRIC CO., LTD. 2
TOWN CENTRE SECURITIES PLC 2
TOYAMA CHEMICAL CO., LTD. 2
TOYO ALUMINIUM K.K. 2
TOYO CHEMICAL CO., LTD. 2
TOYO COMMUNICATION EQUIPMENT CO. LTD 2
TOYO CONSTRUCTION CO., LTD. 2
TOYO CORPORATION 2
TOYO ENGINEERING CORPORATION 2
TOYO EXTERIOR CO., LTD 2
TOYO INK MFG. CO., LTD. 2
TOYO KANETSU K.K. 2
TOYO KOHAN CO., LTD. 2
TOYO RADIATOR CO., LTD. 2
TOYO SEIKAN KAISHA, LTD. 2
TOYO SHUTTER CO., LTD. 2
TOYO SUISAN KAISHA, LTD. 2
TOYO TRUST & BANKING COMPANY, LIMITED 2
TOYO WAREHOUSE CO., LTD. 2
TOYO WHARF & WAREHOUSE CO., LTD. 2
TOYOBO CO., LTD. 2
TOYODA AUTOMATIC LOOM WORKS, LTD. 2
TOYODA BOSHOKU CORPORATION 2
TOYOTA AUTO BODY CO., LTD. 2
TOYOTA MOTOR CORPORATION 2
TOYOTA TSUSHO CORPORATION 2
TOYS R US, INC. 1
TRACTEBEL SA 2
TRAFFORD PARK ESTATES PLC 2
TRAK AUTO CORPORATION 1
TRANSAMERICA CORPORATION 1
TRANSATLANTIC HOLDINGS, INC 1
TRANSCANADA PIPELINES LIMITED 2
TRANSPORT DEVELOPMENT GROUP PLC 2
TRANSPORTACION MARITIMA MEXICANA 2
TRANSTECHNOLOGY CORPORATION 1
TRAVELERS GROUP, INC. 1
TRAVIS PERKINS PLC 2
TRC COMPANIES, INC. 1
TREDEGAR INDUSTRIES, INC. 1
TRELLEBORG AB 2
TRENWICK GROUP, INC. 1
TRI LINK RESOURCES LTD. 2
TRIBUNE COMPANY 1
TRIMAC LIMITED 2
TRIMAS CORPORATION 1
TRINITY INDUSTRIES, INC. 1
TRINITY INTERNATIONAL HOLDINGS PLC 2
TRINOVA CORPORATION 1
TRIPLEX LLOYD PLC 2
TRIUMPH INTERNATIONAL AG 2
TRUE NORTH COMMUNICATIONS, INC. 1
TRUST COMPANY OF NEW JERSEY, (THE) 1
TRUSTCO BANK CORP. N.Y. 1
TRUSTMARK CORPORATION 1
TRW INC. 1
TRYGG-HANSA AB 2
TSENG LABS, INC. 1
TSUBAKIMOTO CHAIN CO. 2
TSUBAKIMOTO MACHINERY & ENGINEERING CO. 2
TSUBAKIMOTO PRECISION PRODUCTS CO., LTD. 2
TSUDAKOMA CORP. 2
TSUKAMOTO CO., LTD. 2
TSUKIJI UOICHIBA COMPANY, LIMITED 2
TSUKISHIMA KIKAI CO., LTD. 2
TSUTSUNAKA PLASTIC INDUSTRY CO., LTD. 2
TT GROUP PLC 2
TT TIETO OY 2
TUBEMAKERS OF AUSTRALIA LIMITED 2
TULTEX CORPORATION 1
TUSCARORA INCORPORATED 1
TVE (HOLDINGS) LTD 2
TVX GOLD INC. 2
TWIN DISC, INCORPORATED 1
TYCO INTERNATIONAL, LTD. 1
TYSON FOODS, INC. 1
T.I. GROUP PLC 2
U S WEST COMMUNICATIONS GROUP, INC. 1
UAP INC. 2
UCB SA 2
UCHIDA YOKO CO., LTD. 2
UDO HOLDINGS PLC 2
UEHARA SEI SHOJI CO., LTD. 2
UEKI CORPORATION 2
UGI CORPORATION 1
UIF-UNION IMMOBILIERE DE FRANCE SA 2
UJB FINANCIAL CORP. 1
ULSTER PETROLEUM LTD. 2
ULTRAMAR CORP. 1
UMB FINANCIAL CORPORATION 1
UNIBAIL SA 2
UNICAN SECURITY SYSTEMS LTD. 2
UNICEM SPA 2
UNI-CHARM CORPORATION 2
UNICHEM PLC 2
UNICOM CORP. 1
UNIDANMARK A/S 2
UNIDEN CORPORATION 2
UNIFIRST CORPORATION 1
UNIFI, INC. 1
UNIGATE PLC 2
UNILEVER N.V. 2
UNILEVER PLC 2
UNIMAR COMPANY 1
UNION CAMP CORPORATION 1
UNION CARBIDE CORPORATION 1
UNION CORPORATION (THE) 1
UNION ELECTRIC COMPANY 1
UNION ELECTRICA-FENOSA, S.A. 2
UNION FRANCAISE DE BANQUES LOCABAIL SA 2
UNION PACIFIC CORPORATION 1
<PAGE>
UNION PLANTERS CORPORATION 1
UNION TEXAS PETROLEUM HOLDINGS, INC. 1
UNIPAPEL S.A. 2
UNISIA JECS CORPORATION 2
UNISYS CORPORATION 1
UNIT CORPORATION 1
UNITECH PLC 2
UNITED ASSET MANAGEMENT CORPORATION 1
UNITED BISCUITS (HOLDINGS) PLC 2
UNITED CAROLINA BANCSHARES CORPORATION 1
UNITED CITIES GAS COMPANY 1
UNITED COMPANIES FINANCIAL CORPORATION 1
UNITED CORPORATIONS LTD. 2
UNITED COUNTIES BANCORPORATION 1
UNITED DOMINION INDUSTRIES LTD. 2
UNITED FIRE & CASUALTY COMPANY 1
UNITED HEALTHCARE CORPORATION 1
UNITED ILLUMINATING COMPANY (THE) 1
UNITED INDUSTRIAL CORPORATION 1
UNITED INSURANCE COMPANIES, INC. 1
UNITED NATIONAL BANCORP 1
UNITED NEWS & MEDIA PLC 2
UNITED STATES SURGICAL CORPORATION 1
UNITED TECHNOLOGIES CORPORATION 1
UNITED TELEVISION, INC. 1
UNITED UTILITIES PLC 2
UNITED WATER RESOURCES, INC. 1
UNITOR AS 2
UNITRIN, INC. 1
UNITRODE CORPORATION 1
UNIVAR CORPORATION 1
UNIVERSAL CORPORATION 1
UNIVERSAL FOODS CORPORATION 1
UNIVERSAL HEALTH SERVICES, INC. 1
UNO RESTAURANT CORPORATION 1
UNOCAL CORPORATION 1
UNR INDUSTRIES, INC. 1
UNUM CORPORATION 1
UNY CO., LTD. 2
UPPER PENINSULA ENERGY CORPORATION 1
USBANCORP, INC. 1
USF & G CORPORATION 1
USHIO INC. 2
USLIFE CORPORATION 1
UST CORP. 1
UST INC. 1
USX-MARATHON GROUP, INC. 1
USX-STEEL GROUP, INC. 1
UTILICORP UNITED INC. 1
UTOC CORPORATION 2
U. S. BANCORP 1
U.S. FACILITIES CORPORATION 1
U.S. HEALTHCARE, INC 1
U.S. HOME CORPORATION 1
U.S. RESTAURANT PROPERTIES MASTER LP 1
U.S. TRUST CORPORATION 1
VAISALA OY 2
VAKUUTUSOSAKEYHTIO SAMPO 2
VALEO SA 2
VALERO ENERGY CORPORATION 1
VALHI, INC 1
VALLEHERMOSO S.A. 2
VALLEN CORPORATION 1
VALLEY NATIONAL BANCORP 1
VALLOUREC SA 2
VALMET OY 2
VALMONT INDUSTRIES, INC. 1
VALSPAR CORPORATION (THE) 1
VALUE CITY DEPARTMENT STORES, INC. 1
VALUE HEALTH, INC. 1
VALUE LINE, INC. 1
VAN DER GIESSEN-DE NOORD NV 2
VARCO INTERNATIONAL, INC. 1
VARIAN ASSOCIATES, INC. 1
VARITY CORPORATION 1
VARLEN CORPORATION 1
VARTA AG 2
VARTA AG 2
VAUX GROUP PLC 2
VBH VEREINIGTER BAUBESCHLAG-HANDEL AG 2
VEBA AG 2
VEITSCH-RADEX AG FUER FEUERFESTE ERZEUG 2
VENCOR, INC. 1
VEREINS- UND WESTBANK AG 2
VERIFONE INC. 1
VERMONT FINANCIAL SERVICES CORP. 1
VERSA TECHNOLOGIES, INC. 1
VERSICHERUNGSANSTALT DER BUNDESLANDER AG 2
VERWALTUNGS-UND PRIVAT-BANK AG VADUZ 2
VETROPACK HOLDING AG 2
VEW AG 2
VIA BANQUE SA 2
VIACOM, INC. 1
VIAG AG 2
VIA-GENERALE DE TRANSPORT ET D'INDUSTRIE 2
VICEROY RESOURCE CORPORATION 2
VICKERS PLC 2
VICOR CORPORATION 1
VICORP RESTAURANTS, INC. 1
VICTORIA HOLDING AG 2
VICTORIA VERSICHERUNG AG 2
VIDRALA S.A. 2
VIGORO CORPORATION, (THE) 1
VILLAGE ROADSHOW LIMITED 2
VILLEROY & BOCH AG 2
VINTAGE PETROLEUM, INC. 1
VIRBAC SA 2
VIRCO MFG. CORPORATION 1
VISCOFAN, S.A. 2
VISHAY INTERTECHNOLOGY, INC. 1
VITAL FORSIKRING A.S 2
VITEC GROUP PLC 2
VITRO SOCIEDAD ANOMINA 2
VITTORIA ASSICURAZIONI SPA 2
VIVRA INCORPORATED 1
VK MUEHLEN AG 2
VLSI TECHNOLOGY, INC. 1
VODAFONE GROUP PLC 2
VOLEX GROUP PLC 2
VOLT INFORMATION SCIENCES, INC. 1
VOLVO AB 2
VONS COMPANIES, INC., (THE) 1
VONTOBEL HOLDING AG 2
VORARLBERGER KRAFTWERKE AG 2
VOSPER THORNYCROFT HOLDINGS PLC 2
VOSSLOH AG 2
<PAGE>
VULCAN MATERIALS COMPANY 1
VWR SCIENTIFIC PRODUCTS CORPORATION 1
V.F. CORPORATION 1
WABAN INC. 1
WACE GROUP PLC 2
WACHOVIA CORPORATION 1
WACKENHUT CORPORATION (THE) 1
WACOAL CORP. 2
WAGON INDUSTRIAL HOLDINGS PLC 2
WAJAX LIMITED 2
WAKACHIKU CONSTRUCTION CO., LTD. 2
WAKAMOTO PHARMACEUTICAL CO., LTD. 2
WAKITA & CO., LTD. 2
WALBRO CORP. 1
WALGREEN CO. 1
WALKER GREENBANK PLC 2
WALLACE COMPUTER SERVICES, INC. 1
WAL-MART STORES, INC. 1
WALTER BAU-AG 2
WALTER RENTSCH HOLDING AG 2
WARDLE STOREYS PLC 2
WARNACO GROUP, INC., (THE) 1
WARNER ESTATE HOLDINGS PLC 2
WARNER-LAMBERT COMPANY 1
WARNFORD INVESTMENTS PLC 2
WASCANA ENERGY INC 2
WASHINGTON GAS LIGHT COMPANY 1
WASHINGTON H SOUL PATTINSON & CO LIMITED 2
WASHINGTON NATIONAL CORPORATION 1
WASHINGTON POST COMPANY (THE) 1
WASHINGTON WATER POWER COMPANY 1
WASSALL PLC 2
WATKINS-JOHNSON COMPANY 1
WATMOUGHS (HOLDINGS) PLC 2
WATSON & PHILIP PLC 2
WATTS BLAKE BEARNE & CO PLC 2
WATTS INDUSTRIES INC. 1
WATTYL LIMITED 2
WAUSAU PAPER MILLS COMPANY 1
WAVERLY, INC. 1
WD-40 COMPANY 1
WEATHERFORD/ENTERRA, INC. 1
WEINGARTEN REALTY INVESTORS 1
WEIR GROUP PLC 2
WEIRTON STEEL CORPORATION 1
WEIS MARKETS, INC. 1
WELDWOOD OF CANADA LIMITED 2
WELLA AG 2
WELLMAN, INC. 1
WELLS FARGO & COMPANY 1
WELSH WATER PLC 2
WENDY'S INTERNATIONAL, INC. 1
WERNER ENTERPRISES, INC. 1
WERNER SODERSTROM OY 2
WERU AG 2
WESFARMERS LIMITED 2
WESSEX WATER PLC 2
WEST COMPANY, INCORPORATED (THE) 1
WEST FRASER TIMBER CO. LTD. 2
WEST ONE BANCORP 1
WESTAMERICA BANCORPORATION 1
WESTBURY PLC 2
WESTCOAST ENERGY INC 2
WESTERN DIGITAL CORPORATION 1
WESTERN GAS RESOURCES, INC. 1
WESTERN RESOURCES, INC. 1
WESTERN WASTE INDUSTRIES 1
WESTFIELD HOLDINGS LIMITED 2
WESTON (GEORGE) LIMITED 2
WESTPAC BANKING CORPORATION 2
WESTRALIAN SANDS LIMITED 2
WESTVACO CORPORATION 1
WEYCO GROUP, INC. 1
WEYERHAEUSER COMPANY 1
WHARF RESOURCES LIMITED 2
WHARF (HOLDINGS) LIMITED 2
WHATMAN PLC 2
WHEELABRATOR TECHNOLOGIES INC. 1
WHEELOCK AND COMPANY LTD. 2
WHIRLPOOL CORPORATION 1
WHITBREAD PLC 2
WHITMAN CORPORATION 1
WHITTAKER CORPORATION 1
WHOLE FOODS MARKET, INC. 1
WHX CORPORATION 1
WIC WESTERN INTERNATIONAL COMMUNICATIONS 2
WICOR INC. 1
WILH. WILHELMSEN LIMITED AS 2
WILLAMETTE INDUSTRIES, INC 1
WILLIAM BAIRD PLC 2
WILLIAM COOK PLC 2
WILLIAMS COMPANIES, INC. (THE) 1
WILLIAMS HOLDINGS PLC 2
WILLIAMS-SONOMA, INC. 1
WILLIS CORROON GROUP PLC 2
WILMINGTON TRUST CORPORATION 1
WILSON BOWDEN PLC 2
WILSON & HORTON LIMITED 2
WILSON (CONNOLLY) HOLDINGS PLC 2
WINDMERE CORPORATION 1
WING LUNG BANK LTD. 2
WING ON COMPANY INTERNATIONAL LIMITED 2
WING ON INTERNATIONAL (HOLDINGS) LIMITED 2
WINN-DIXIE STORES, INCORPORATED 1
WINNEBAGO INDUSTRIES, INC. 1
WINSOR INDUSTRIAL CORPORATION LTD. 2
WINTERTHUR SCHWEIZER. VERSICHERUNGS GES. 2
WISCONSIN ENERGY CORP 1
WISER OIL COMPANY (THE) 1
WITCO CORPORATION 1
WLR FOODS, INC. 1
WMC LTD 2
WMF WUERTTEMBERGISCHE METALLWARENFAB. AG 2
WMH WALTER MEIER HOLDING AG 2
WMS INDUSTRIES, INC. 1
WMX TECHNOLOGIES, INC. 1
WM. MORRISON SUPERMARKETS PLC 2
WOLOHAN LUMBER CO. 1
WOLSELEY PLC 2
WOLTERS KLUWER N.V. 2
WOLVERHAMPTON & DUDLEY BREWERIES PLC 2
WOLVERINE WORLD WIDE, INC. 1
WOODHEAD INDUSTRIES, INC. 1
WOODSIDE PETROLEUM LIMITED 2
WORLD FUEL SERVICES CORPORATION 1
WORLDTEX, INC. 1
<PAGE>
WORMS ET COMPAGNIE SCA 2
WORTHINGTON INDUSTRIES, INC. 1
WPL HOLDINGS, INC. 1
WPS RESOURCES CORPORATION 1
WRIGLEY (WM) JR. COMPANY 1
WUENSCHE AG 2
WUERTTEMBERGISCHE AG VERSICHERUNGS-BET. 2
WYLE ELECTRONICS 1
WYNN'S INTERNATIONAL, INC. 1
W.D. & H.O. WILLS HOLDINGS LIMITED 2
XEROX CANADA INC. 2
XEROX CORPORATION 1
XILINX INC. 1
X-RITE, INCORPORATED 1
XTRA CORPORATION 1
Y J LOVELL (HOLDINGS) PLC 2
YAHAGI CONSTRUCTION CO., LTD. 2
YAKULT HONSHA CO., LTD. 2
YAMAGATA BANK, LTD. 2
YAMAGUCHI BANK LTD. 2
YAMAHA CORPORATION 2
YAMAHA MOTOR CO., LTD. 2
YAMAMURA GLASS CO., LTD. 2
YAMANAKA CO., LTD. 2
YAMANASHI CHUO BANK, LTD. 2
YAMANOUCHI PHARMACEUTICAL CO., LTD. 2
YAMATAKE-HONEYWELL CO., LTD. 2
YAMATANE CORPORATION 2
YAMATO KOGYO CO., LTD. 2
YAMATO TRANSPORT CO., LTD. 2
YAMAZAKI BAKING CO., LTD. 2
YANKEE ENERGY SYSTEM, INC. 1
YASUDA FIRE & MARINE INSURANCE CO. 2
YASUDA TRUST & BANKING COMPANY, LIMITED 2
YELLOW CORPORATION 1
YODOGAWA STEEL WORKS LTD. 2
YOKOGAWA BRIDGE CORP. 2
YOKOGAWA ELECTRIC CORPORATION 2
YOKOHAMA REITO CO., LTD. 2
YOKOHAMA RUBBER COMPANY, LIMITED 2
YOKOWO CO., LTD. 2
YOMEISHU SEIZO CO., LTD. 2
YOMIURI LAND CO., LTD. 2
YONDENKO CORPORATION 2
YORK INTERNATIONAL CORPORATION 1
YORK-BENIMARU CO., LTD. 2
YORKSHIRE CHEMICALS PLC 2
YORKSHIRE ELECTRICITY GROUP PLC 2
YORKSHIRE WATER PLC 2
YORKSHIRE-TYNE TEES TELEVISION HLDGS PLC 2
YOSHIMOTO KOGYO CO., LTD. 2
YOSHITOMI PHARMACEUTICAL INDUSTRIES, LTD 2
YOUNG AND CO'S BREWERY PLC 2
YOUNKERS, INC. 1
YUASA CORPORATION 2
YUASA FUNASHOKU CO., LTD. 2
YUASA TRADING CO., LTD. 2
YULE CATTO & CO., PLC 2
YURTEC CORPORATION 2
YUSHIRO CHEMICAL INDUSTRY CO., LTD. 2
ZAPATA CORPORATION 1
ZARDOYA OTIS S.A. 2
ZEMEX CORPORATION 1
ZENCHIKU COMPANY LIMITED 2
ZENITAKA CORPORATION 2
ZENITH NATIONAL INSURANCE CORP. 1
ZERO CORPORATION 1
ZEXEL CORPORATION 2
ZIONS BANCORPORATION 1
ZODIAC SA 2
ZOJIRUSHI CORPORATION 2
ZUERCHER ZIEGELEIEN HOLDING 2
ZUERICH VERSICHERUNGS-GESELLSCHAFT 2
ZUGER KANTONALBANK AG 2
ZURN INDUSTRIES, INC. 1

NOTE 1:INCLUDED IN U.S.INDEX; NOTE 2:INCLUDED IN INTERNATIONAL INDEX(EXCL.U.S.)

HONG KONG NATIONAL EQUITY INDEX
AMOY PROPERTIES LIMITED
ASIA FINANCIAL HOLDINGS LIMITED
BANK OF EAST ASIA, LIMITED
CAFE DE CORAL HOLDINGS LIMITED
CATHAY PACIFIC AIRWAYS LIMITED
CHEUNG KONG (HOLDINGS) LIMITED
CHINA AEROSPACE INTERNATIONAL HDGS LTD
CHINA LIGHT & POWER COMPANY, LIMITED
CHINA MOTOR BUS CO., LTD.
CITIC PACIFIC LTD.
C.P. POKPHAND CO. LTD
DAIRY FARM INTERNATIONAL HOLDINGS LTD.
DICKSON CONCEPTS (INTERNATIONAL) LIMITED
FIRST PACIFIC COMPANY LIMITED
FOUNTAIN SET (HOLDINGS) LIMITED
GRAND HOTEL HOLDINGS LTD
GREAT EAGLE HOLDINGS LIMITED
GUOCO GROUP LTD
HANG LUNG DEVELOPMENT COMPANY LIMITED
HANG SENG BANK LIMITED
HENDERSON INVESTMENT LIMITED
HENDERSON LAND DEVELOPMENT CO LTD
HONG KONG AIRCRAFT ENGINEERING COMPANY
HONG KONG AND CHINA GAS COMPANY LIMITED
HONG KONG ELECTRIC HOLDINGS LIMITED
HONG KONG FERRY (HOLDINGS) CO. LTD.
HONG KONG TELECOMMUNICATIONS LTD.
HONGKONG AND SHANGHAI HOTELS, LIMITED
HONGKONG LAND HOLDINGS LTD
HOPEWELL HOLDINGS LIMITED
HSBC HOLDINGS PLC (HK $)
HUTCHISON WHAMPOA LIMITED
HWA KAY THAI HOLDINGS LIMITED
HYSAN DEVELOPMENT COMPANY LIMITED
IMC HOLDINGS LTD
JARDINE INTERNATIONAL MOTOR HOLDINGS LTD
JARDINE MATHESON HOLDINGS LIMITED
JARDINE STRATEGIC HOLDINGS LIMITED
JOHNSON ELECTRIC HOLDINGS LIMITED
KOWLOON MOTOR BUS COMPANY (1933) LTD
KWONG SANG HONG INTERNATIONAL LTD.
LAI SUN GARMENT INTERNATIONAL LTD
LAM SOON (HONG KONG) LIMITED
LAP HENG CO LTD
LIU CHONG HING INVESTMENT LTD
MANDARIN ORIENTAL INTERNATIONAL LIMITED
<PAGE>
MIRAMAR HOTEL & INVESTMENT CO., LTD.
NEW ASIA REALTY AND TRUST CO. LTD.
NEW WORLD DEVELOPMENT CO LIMITED
ORIENT OVERSEAS INTERNATIONAL LTD
ORIENT TELECOM & TECHNOLOGY HOLDINGS
ORIENTAL PRESS GROUP LTD
PALIBURG HOLDING LIMITED
PEREGRINE INVESTMENTS HOLDINGS LIMITED
PLAYMATES PROPERTIES HOLDINGS LIMITED
REALTY DEVELOPMENT CORP.
REGAL HOTELS INTERNATIONAL HOLDINGS LTD.
SAN MIGUEL BREWERY HONG KONG LTD.
SEMI-TECH (GLOBAL) CO., LTD.
SHAW BROTHERS (HONG KONG) LIMITED
SHUN TAK HOLDINGS LIMITED
SIME DARBY HONG KONG LIMITED
SOUTH CHINA MORNING POST (HOLDINGS) LTD
STELUX HOLDINGS LIMITED
SUN HUNG KAI PROPERTIES LIMITED
SUN HUNG KAI & CO. LIMITED
SWIRE PACIFIC LIMITED
TAI CHEUNG HOLDINGS LTD
TAI SANG LAND DEVELOPMENT LIMITED
TELEVISION BROADCASTS LIMITED
TIAN TECK LAND LIMITED
TVE (HOLDINGS) LTD
WHARF (HOLDINGS) LIMITED
WHEELOCK AND COMPANY LTD.
WING LUNG BANK LTD.
WING ON COMPANY INTERNATIONAL LIMITED
WING ON INTERNATIONAL (HOLDINGS) LIMITED
WINSOR INDUSTRIAL CORPORATION LTD.

IRELAND NATIONAL EQUITY INDEX
ABBEY PLC
ALLIED IRISH BANKS PLC
ANGLO IRISH BANK CORPORATION PLC
ARAN ENERGY PLC
AVONMORE FOODS PLC
BANK OF IRELAND
BARLO GROUP PLC
CLONDALKIN GROUP PLC
CRH PLC
FYFFES PLC
GOLDEN VALE PLC
GRAFTON GROUP PLC
GREEN PROPERTY PLC
GREENCORE GROUP PLC
HIBERNIAN GROUP PLC
IAWS GROUP PLC
INDEPENDENT NEWSPAPERS PLC
IRISH LIFE PLC
IWP INTERNATIONAL PLC
JAMES CREAN PLC
JEFFERSON SMURFIT GROUP PLC
JONES GROUP PLC
JURYS HOTEL GROUP PLC
KERRY GROUP PLC
UNIDARE PLC
WATERFORD FOODS PLC
WATERFORD WEDGWOOD PLC
WOODCHESTER INVESTMENTS PLC

JAPANESE NATIONAL EQUITY INDEX
ACHILLES CORPORATION
ADERANS COMPANY LIMITED
ADVANTEST CORPORATION
AHRESTY CORPORATION
AICA KOGYO COMPANY, LTD.
AICHI BANK, LTD.
AICHI CORPORATION
AICHI ELECTRIC CO., LTD.
AICHI MACHINE INDUSTRY CO., LTD.
AICHI STEEL WORKS, LIMITED
AICHI TOKEI DENKI CO., LTD.
AICHI TOYOTA MOTOR CO., LTD.
AIDA ENGINEERING, LTD.
AIGAN CO., LTD.
AIPHONE CO., LTD.
AISAN INDUSTRY CO., LTD.
AISIN SEIKI CO., LTD.
AIWA CO., LTD.
AJINOMOTO CO., INC.
AKITA BANK LTD.
ALPINE ELECTRONICS, INC.
AMADA SONOIKE CO., LTD.
AMANO CORPORATION
AMATSUJI STEEL BALL MFG. CO., LTD.
ANDO CORPORATION
ANRITSU CORPORATION
AOKI INTERNATIONAL CO., LTD.
AOMORI BANK, LTD.
AOYAMA TRADING CO., LTD.
ARABIAN OIL COMPANY, LTD.
ARAI-GUMI, LTD.
ARAYA INDUSTRIAL CO., LTD.
ARISAWA MFG. CO., LTD.
ASAHI BANK, LTD.
ASAHI BREWERIES, LTD.
ASAHI BROADCASTING CORPORATION
ASAHI CHEMICAL INDUSTRY CO., LTD.
ASAHI CONCRETE WORKS CO., LTD.
ASAHI DENKA KOGYO K.K.
ASAHI DIAMOND INDUSTRIAL CO., LTD.
ASAHI GLASS COMPANY, LIMITED
ASAHI KOGYOSHA CO., LTD.
ASAHI ORGANIC CHEMICALS INDUSTRY CO.LTD.
ASAHI TEC CORPORATION
ASAHIPEN CORPORATION
ASAHI-SEIKI MANUFACTURING CO., LTD.
ASAKAWAGUMI CO., LTD.
ASANUMA CORPORATION
ASATSU INC.
ASHIKAGA BANK, LTD. (THE)
ASHIMORI INDUSTRY CO., LTD.
ASIA AIR SURVEY CO., LTD.
ATSUGI NYLON INDUSTRIAL CO., LTD.
AT&T GLOBAL INFOR. SOLUTIONS JAPAN LTD.
AUTOBACS SEVEN CO., LTD.
AWA BANK, LTD.
AWAJI FERRY BOAT CO., LTD.
BANDAI CO., LTD.
BANDO CHEMICAL INDUSTRIES, LTD.
BANK OF FUKUOKA, LTD.
BANK OF IKEDA, LTD.
BANK OF KANSAI, LTD.
<PAGE>
BANK OF KINKI, LTD.
BANK OF KYOTO, LTD.
BANK OF NAGOYA, LTD.
BANK OF OKINAWA, LTD.
BANK OF OSAKA, LTD.
BANK OF SAGA LTD.
BANK OF THE RYUKYUS, LIMITED
BANK OF TOKYO, LTD.
BANK OF YOKOHAMA, LTD.
BANYU PHARMACEUTICAL CO., LTD.
BEST DENKI CO., LTD.
BIOFERMIN PHARMACEUTICAL CO., LTD.
BIWAKO BANK, LIMITED
BRIDGESTONE CORPORATION
BROTHER INDUSTRIES, LTD.
BULL-DOG SAUCE CO., LTD.
BUNKA SHUTTER CO., LTD
CABIN CO., LTD.
CALPIS FOOD INDUSTRY CO., LTD.
CALSONIC CORPORATION
CANON ELECTRONICS INC.
CANON INC.
CASIO COMPUTER CO., LTD.
C-CUBE CORPORATION
CENTRAL AUTOMOTIVE PRODUCTS LTD.
CENTRAL FINANCE CO., LTD.
CENTRAL SECURITY PATROLS CO., LTD.
CESAR CO.
CHAIN STORE OKUWA CO., LTD.
CHIBA BANK, LTD.
CHIBA KOGYO BANK, LTD.
CHICHIBU ONODA CEMENT CORPORATION
CHIYODA CORPORATION
CHIYODA FIRE & MARINE INSURANCE CO., LTD
CHUBU ELECTRIC POWER COMPANY, INC.
CHUBU GAS COMPANY, LTD.
CHUBU SHIRYO CO., LTD.
CHUBU STEEL PLATE CO., LTD.
CHUBU SUISAN CO., LTD.
CHUBU-NIPPON BROADCASTING CO., LTD.
CHUDENKO CORPORATION
CHUGAI PHARMECEUTICAL CO., LTD.
CHUGAI RO CO., LTD.
CHUGOKU BANK, LTD.
CHUGOKU ELECTRIC POWER COMPANY, INC.
CHUGOKU MARINE PAINTS, LTD.
CHUGOKUKOGYO CO., LTD.
CHUKYO BANK, LIMITED
CHUKYO COCA-COLA BOTTLING CO., LTD.
CHUO GYORUI CO., LTD.
CHUO MALLEABLE IRON CO., LTD.
CHUO PAPERBOARD CO., LTD.
CHUO SPRING CO., LTD.
CHUO TRUST & BANKING COMPANY, LIMITED
CHUO WAREHOUSE CO., LTD.
CITIZEN WATCH CO., LTD.
CLEANUP CORPORATION
CMK CORPORATION
COMANY INC.
COPYER CO., LTD.
COSMO OIL COMPANY, LIMITED
CREDIT SAISON CO., LTD.
CSK CORPORATION
DAI NIPPON CONSTRUCTION
DAI NIPPON PRINTING CO., LTD.
DAI NIPPON TORYO CO., LTD.
DAIBIRU CORPORATION
DAICEL CHEMICAL INDUSTRIES, LTD.
DAI-DAN CO., LTD.
DAIDO HOXAN INC.
DAIDO KOGYO CO., LTD.
DAIDO METAL CO., LTD.
DAIDO STEEL CO., LTD.
DAIDO STEEL SHEET CORPORATION
DAIDOH LIMITED
DAIEI OMC INC.
DAIFUKU CO., LTD.
DAIHEN CORPORATION
DAIHO CORPORATION
DAIICHI CEMENT CO., LTD.
DAIICHI CORPORATION
DAI-ICHI HOTEL, LTD.
DAIICHI JITSUGYO CO., LTD.
DAI-ICHI KANGYO BANK, LTD.
DAI-ICHI KOGYO SEIYAKU CO., LTD.
DAIICHI PHARMACEUTICAL CO., LTD.
DAIKEN CORPORATION
DAIKIN INDUSTRIES, LTD.
DAIKO DENSHI TSUSHIN, LTD.
DAIMEI TELECOM ENGINEERING CORP.
DAINICHISEIKA COLOUR & CHEMICALS MFG, CO
DAINIPPON INK & CHEMICALS, INCORPORATED
DAINIPPON PHARMACEUTICAL CO., LTD.
DAINIPPON SHIGYO CO. LTD
DAIO PAPER CORPORATION
DAISAN BANK, LTD.
DAISHI BANK, LTD.
DAISHINKU CORP.
DAISO CO., LTD.
DAISUE CONSTRUCTION CO., LTD.
DAITO GYORUI CO., LTD.
DAITO KOGYO CO., LTD.
DAITO SEIKI CO., LTD.
DAITO TRUST CONSTRUCTION CO., LTD.
DAI-TOKYO FIRE & MARINE INSURANCE CO.
DAIWA BANK, LTD.
DAIWA CO., LTD.
DAIWA HOUSE INDUSTRY CO., LTD.
DAIWA INDUSTRIES LTD.
DAIWA KOSHO LEASE CO., LTD.
DAIWA RAKUDA INDUSTRY CO., LTD.
DAIWA SEIKO, INC.
DANTANI CORPORATION
DANTO CORPORATION
DENKI KOGYO CO., LTD.
DENKYOSHA CO., LTD.
DENNY'S JAPAN CO., LTD.
DENYO CO., LTD.
DESCENTE, LTD.
DIAMOND CITY CO., LTD.
DMW CORPORATION
DOWA FIRE & MARINE INSURANCE CO., LTD.
DYNIC CORPORATION
EAGLE INDUSTRY CO., LTD.
EBARA CORPORATION
EHIME BANK, LTD.
<PAGE>
EIDEN SAKAKIYA CO., LTD.
EIGHTEENTH BANK, LIMITED
EIKEN CHEMICAL CO., LTD.
EISAI CO., LTD.
ENERGY SUPPORT CORPORATION
ENPLAS CORPORATION
EXEDY CORP.
EZAKI GLICO CO., LTD.
FAMILYMART CO., LTD.
FANUC LTD.
FP CORPORATION
FRANCE BED CO., LTD.
FUDO CONSTRUCTION CO., LTD.
FUJI BANK, LIMITED
FUJI CO., LTD.
FUJI ELECTRIC CO., LTD.
FUJI FIRE & MARINE INSURANCE CO., LTD.
FUJI KIKO CO., LTD.
FUJI KOSAN COMPANY, LTD.
FUJI KYUKO CO., LTD.
FUJI MACHINE MFG. CO., LTD.
FUJI OIL CO., LTD.
FUJI PHOTO FILM CO., LTD.
FUJI SEIKO LIMITED
FUJI SPINNING CO., LTD.
FUJI TITANIUM INDUSTRY CO., LTD.
FUJI UNIVANCE CORPORATION
FUJICCO CO., LTD.
FUJICOPIAN CO., LTD.
FUJIKURA LTD.
FUJIKURA RUBBER LTD.
FUJIREBIO INC.
FUJISAWA PHARMACEUTICAL COMPANY LIMITED
FUJITA CORPORATION
FUJITA KANKO INC.
FUJITEC CO., LTD.
FUJITSU BUSINESS SYSTEMS LTD.
FUJITSU DENSO LTD.
FUJITSU KIDEN LTD.
FUJIYA CO., LTD.
FUKUDA CORPORATION
FUKUI BANK, LTD.
FUKUOKA CITY BANK, LTD.
FUKUSUKE CORPORATION
FUKUYAMA TRANSPORTING CO., LTD.
FURUKAWA CO., LTD.
FURUKAWA ELECTRIC CO., LTD.
FURUSATO INDUSTRIES, LTD.
FUSHIKI KAIRIKU UNSO CO., LTD.
FUSO PHARMACEUTICAL INDUSTRIES, LTD.
FUTABA CORPORATION
GASTEC SERVICE, INC.
GENERAL CO., LTD.
GENERAL SEKIYU K.K.
GODO SHUSEI CO., LTD.
GODO STEEL, LTD.
GOLDWIN INC.
GOURMET KINEYA CO., LTD.
GREEN CROSS CORPORATION
GUN EI CHEMICAL INDUSTRY CO., LTD.
GUNMA BANK, LTD.
GUNZE LIMITED
GUNZE SANGYO, INC.
HACHIJUNI BANK, LTD.
HAKUYOSHA COMPANY, LTD.
HANATEN CO., LTD.
HANEDA HUME PIPE CO., LTD.
HANKYU CORPORATION
HANKYU REALTY CO., LTD.
HANSHIN DEPARTMENT STORE, LTD.
HANSHIN ELECTRIC RAILWAY CO., LTD
HARUMOTO IRON WORKS CO., LTD.
HAZAMA CORPORATION
HEIWA CORPORATION
HEIWA REAL ESTATE CO., LTD.
HEIWADO CO., LTD.
HIBIYA ENGINEERING, LTD.
HIGO BANK, LTD.
HINO AUTO BODY, LTD.
HINO MOTORS, LTD.
HIROSE ELECTRIC CO., LTD.
HIROSHIMA BANK, LTD. (THE)
HISAKA WORKS, LTD.
HISAMITSU PHARMACEUTICAL CO., INC.
HITACHI AIC INC.
HITACHI CABLE, LTD.
HITACHI CHEMICAL CO., LTD.
HITACHI CREDIT CORPORATION
HITACHI ELECTRONICS, LTD.
HITACHI INFORMATION SYSTEMS, LTD.
HITACHI KIDEN KOGYO, LTD.
HITACHI KOKI CO., LTD.
HITACHI MAXELL, LTD.
HITACHI METALS, LTD.
HITACHI PLANT ENGINEERING & CONSTRUCTION
HITACHI POWDERED METALS CO., LTD.
HITACHI SOFTWARE ENGINEERING CO., LTD.
HITACHI TRANSPORT SYSTEM, LTD.
HITACHI ZOSEN CORPORATION
HITACHI, LTD.
HOAN KOGYO CO., LTD.
HOCHIKI CORPORATION
HOGY MEDICAL CO., LTD
HOKKAI CAN CO., LTD.
HOKKAIDO BANK, LTD.
HOKKAIDO COCA-COLA BOTTLING CO., LTD.
HOKKAIDO ELECTRIC POWER COMPANY, INC.
HOKKAIDO GAS CO., LTD.
HOKKAIDO TAKUSHOKU BANK, LIMITED
HOKKO CHEMICAL INDUSTRY CO., LTD.
HOKKOKU BANK, LTD.
HOKUETSU BANK, LTD.
HOKUETSU PAPER MILLS, LTD.
HOKURIKU BANK, LTD. (THE)
HOKURIKU ELECTRIC POWER COMPANY
HOKURIKU ELECTRICAL CONSTRUCTION CO.LTD.
HOKURIKU SEIYAKU CO., LTD.
HOKUSHIN CO., LTD.
HONDA MOTOR CO., LTD.
HONEN CORPORATION
HONSHU PAPER CO., LTD.
HOSIDEN CORPORATION
HOTEL NEW HANKYU CO., LTD.
HOUSE FOODS CORPORATION
HOWA MACHINERY, LTD.
HOYA CORPORATION
<PAGE>
HYAKUGO BANK, LTD.
HYAKUJUSHI BANK LTD.
IBIDEN CO., LTD.
ICHIKAWA CO., LTD.
ICHIKEN CO., LTD.
ICHIKOH INDUSTRIES, LTD.
IDEC IZUMI CORPORATION
IHARA CHEMICAL INDUSTRY CO., LTD.
IMURAYA CONFECTIONERY CO., LTD.
INABATA & CO., LTD.
INAGEYA CO., LTD.
INAX CORPORATION
INDUSTRIAL BANK OF JAPAN, LTD.
INOUE KOGYO CO., LTD.
INTEC INC.
INTERNATIONAL REAGENTS CORPORATION
INUI TATEMONO CO., LTD.
ISEKI & CO., LTD.
ISETAN COMPANY LIMITED
ISEWAN TERMINAL SERVICE CO., LTD.
ISHIHARA CONSTRUCTION CO., LTD.
ISHII FOOD CO., LTD.
ISHIKAWA SEISAKUSHO, LTD.
ISHIKAWAJIMA CONSTRUCTION MATERIALS CO.
ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO.
ISHIZUKA GLASS CO., LTD.
ISOLITE INSULATING PRODUCTS CO., LTD.
ITOCHU CORPORATION
ITOCHU FUEL CORPORATION
ITOHAM FOODS INC.
ITOKI CREBIO CORPORATION
ITO-YOKADO CO., LTD.
IWAKI & CO., LTD.
IWASAKI ELECTRIC CO., LTD.
IWATA AIR COMPRESSOR MFG. CO., LTD.
IWATANI INTERNATIONAL CORPORATION
IYO BANK, LTD.
IZUMI CO., LTD.
IZUMIYA CO., LTD.
JACCS CO., LTD.
JAPAN AIRCRAFT MANUFACTURING CO., LTD.
JAPAN AIRPORT TERMINAL CO., LTD.
JAPAN BRIDGE CORPORATION
JAPAN DIGITAL LABORATORY CO., LTD.
JAPAN FOUNDATION ENGINEERING CO., LTD.
JAPAN LIVING SERVICE CO., LTD. (THE)
JAPAN OIL TRANSPORTATION CO., LTD.
JAPAN PAPER INDUSTRY CO., LTD.
JAPAN PULP AND PAPER COMPANY LIMITED
JAPAN RADIO CO., LTD.
JAPAN SECURITIES FINANCE CO., LTD.
JAPAN STEEL WORKS, LTD. (THE)
JAPAN STORAGE BATTERY CO., LTD.
JAPAN TRANSCITY CORPORATION
JAPAN VILENE COMPANY, LTD.
JAPAN WOOL TEXTILE CO., LTD.
JDC CORPORATION
JEOL LTD.
JGC CORPORATION
JIDOSHA DENKI KOGYO CO., LTD.
JIDOSHA KIKI CO., LTD.
JMS CO., LTD.
JOBAN KOSAN CO., LTD.
JOSHIN DENKI CO., LTD.
JOYO BANK, LTD.
JUKEN SANGYO CO., LTD.
JUROKU BANK, LTD.
JUSCO CO., LTD.
KAGAWA BANK, LTD.
KAGOME CO., LTD.
KAGOSHIMA BANK, LTD.
KAJIMA CORPORATION
KAKEN PHARMACEUTICAL CO., LTD.
KAMEI CORPORATION
KAMIGUMI CO., LTD.
KANADEN CORPORATION
KANAGAWA CHUO KOTSU CO., LTD.
KANDENKO CO., LTD.
KANEKA CORPORATION
KANEMATSU-NNK CORPORATION
KANESHITA CONSTRUCTION CO., LTD. (THE)
KANRO CO., LTD.
KANSAI ELECTRIC POWER CO., INC. (THE)
KANSAI PAINT CO., LTD.
KANSAI SEKIWA REAL ESTATE, LTD.
KANSEI CORPORATION
KANTO AUTO WORKS, LTD.
KANTO NATURAL GAS DEVELOPMENT CO., LTD.
KAO CORPORATION
KASHO COMPANY LIMITED
KASUMI CO., LTD.
KATAKURA INDUSTRIES CO., LTD.
KATO WORKS CO., LTD.
KATOKICHI CO., LTD.
KATSUMURA CONSTRUCTION CO., LTD.
KAWADA INDUSTRIES, INC.
KAWASAKI HEAVY INDUSTRIES, LTD.
KAWASAKI KISEN KAISHA, LTD.
KAWASHO CORPORATION
KAYABA INDUSTRY CO., LTD.
KDK CORPORATION
KEIHAN ELECTRIC RAILWAY CO., LTD.
KEIHANSHIN REAL ESTATE CO., LTD.
KEIHIN CO., LTD.
KEIHIN ELECTRIC EXPRESS RAILWAY CO., LTD
KEIO TEITO ELECTRIC RAILWAY CO., LTD.
KEIYO BANK, LTD.
KEIYO CO., LTD.
KEIYO GAS CO., LTD.
KENTUCKY FRIED CHICKEN JAPAN LTD.
KEYENCE CORPORATION
KIKKOMAN CORPORATION
KINDEN CORPORATION
KINKI NIPPON RAILWAY CO., LTD.
KINKI NIPPON TOURIST CO., LTD.
KINKI SHARYO CO., LTD.
KIRIN BREWERY COMPANY, LIMITED
KISHU PAPER CO., LTD.
KISSEI PHARMACEUTICAL CO., LTD.
KITAGAWA IRON WORKS CO., LTD.
KITA-NIPPON BANK, LTD.
KITANO CONSTRUCTION CORP.
KIYO BANK, LTD.
KOA CORPORATION
KOA FIRE AND MARINE INSURANCE CO., LTD.
KOA OIL COMPANY, LIMITED
<PAGE>
KOATSU GAS KOGYO CO., LTD.
KOBAYASHI METALS LIMITED
KODAMA CHEMICAL INDUSTRY CO., LTD.
KOITO INDUSTRIES, LIMITED
KOITO MANUFACTURING CO., LTD.
KOKUNE CORPORATION
KOKUSAI DENSHIN DENWA CO., LTD.
KOKUSAI ELECTRIC CO., LTD.
KOKUSAN DENKI CO., LTD.
KOKUYO CO., LTD.
KOMA STADIUM CO., LTD.
KOMAI TEKKO INC.
KOMATSU LTD.
KOMATSU SEIREN CO., LTD.
KOMATSU ZENOAH CO.
KOMORI CORPORATION
KONICA CORPORATION
KOSEI SECURITIES CO., LTD.
KOTOBUKIYA CO., LTD.
KOYO SEIKO CO., LTD.
KUBOTA CORPORATION
KUMIAI CHEMICAL INDUSTRY CO., LTD.
KURABO INDUSTRIES, LTD.
KURARAY CO., LTD.
KURIMOTO, LTD.
KURITA WATER INDUSTRIES LTD.
KYOCERA CORPORATION
KYODO PRINTING CO., LTD.
KYODO SHIRYO CO., LTD.
KYOKUTO BOEKI KAISHA, LTD.
KYOKUTO KAIHATSU KOGYO CO., LTD.
KYOKUYO CO., LTD.
KYORITSU CERAMIC MATERIALS CO., LTD.
KYOSAN ELECTRIC MANUFACTURING CO., LTD.
KYOTARU CO., LTD.
KYOWA EXEO CORPORATION
KYOWA HAKKO KOGYO CO., LTD.
KYOWA LEATHER CLOTH CO., LTD.
KYUDENKO CORPORATION
KYUSHU BANK, LTD.
KYUSHU ELECTRIC POWER COMPANY INC.
KYUSHU MATSUSHITA ELECTRIC CO., LTD.
L KAKUEI CORPORATION
LAPINE CO., LTD.
LIFE CORPORATION
LIFE CO., LTD.
LIHIT LAB., INC.
LINTEC CORPORATION
LONG-TERM CREDIT BANK OF JAPAN, LTD.
MABUCHI MOTOR CO., LTD.
MAEDA CORPORATION
MAEDA ROAD CONSTRUCTION CO., LTD.
MAGARA CONSTRUCTION CO., LTD.
MAKITA CORPORATION
MARANTZ JAPAN, INC.
MARUBENI CONSTRUCTION MATERIAL LEASE CO.
MARUBENI CORPORATION
MARUDAI FOOD CO., LTD.
MARUEI DEPARTMENT STORE COMPANY, LIMITED
MARUETSU, INC. (THE)
MARUI CO., LTD.
MARUICHI CO., LTD.
MARUICHI STEEL TUBE LTD.
MARUTOMI GROUP CO., LTD.
MARUWN CORPORATION
MARUZEN COMPANY, LIMITED
MARUZEN SHOWA UNYU CO., LTD.
MATSUI CONSTRUCTION CO., LTD.
MATSUMURA-GUMI CORPORATION
MATSUO BRIDGE CO., LTD.
MATSUSHITA COMMUNICATION INDUSTRIAL CO.
MATSUSHITA ELECTRIC INDUSTRIAL CO., LTD.
MATSUSHITA ELECTRIC WORKS, LTD.
MATSUSHITA SEIKO CO., LTD.
MATSUSHITA-KOTOBUKI ELECTRONICS INDS.
MATSUYA CO., LTD.
MATSUZAKAYA CO., LTD.
MAX CO., LTD.
MAZDA MOTOR CORPORATION
MEIDENSHA CORPORATION
MEIJI MILK PRODUCTS CO., LTD.
MEIJI SEIKA KAISHA, LTD.
MEISEI INDUSTRIAL CO., LTD.
MEITETSU DEPARTMENT STORE CO., LTD.
MEITO SANGYO CO., LTD.
MEIWA INDUSTRY CO., LTD.
MEIWA TRADING CO., LTD.
MELX CO., LTD.
MERCIAN CORPORATION
MICHINOKU BANK, LTD.
MIE BANK, LTD.
MIE KOTSU CO., LTD.
MIKASA COCA-COLA BOTTLING CO., LTD.
MIKUNI COCA-COLA BOTTLING CO., LTD.
MIKUNI CORPORATION
MISAWA HOMES CO., LTD.
MISAWA VAN CORPORATION
MISHIMA PAPER CO., LTD.
MITANI CORPORATION
MITSUBA ELECTRIC MFG. CO., LTD.
MITSUBISHI BANK, LTD.
MITSUBISHI CABLE INDUSTRIES, LTD.
MITSUBISHI CORPORATION
MITSUBISHI ELECTRIC CORPORATION
MITSUBISHI ESTATE COMPANY, LIMITED
MITSUBISHI KAKOKI KAISHA, LTD.
MITSUBISHI MATERIALS CORPORATION
MITSUBISHI MOTORS CORPORATION
MITSUBISHI OIL COMPANY, LIMITED
MITSUBISHI PAPER MILLS LIMITED
MITSUBISHI PENCIL CO., LTD.
MITSUBISHI STEEL MFG. CO., LTD.
MITSUBISHI TRUST & BANKING CORPORATION
MITSUBISHI WAREHOUSE & TRANSPORTATION CO
MITSUBOSHI BELTING LTD.
MITSUI FUDOSAN CO., LTD.
MITSUI HIGH-TEC, INC.
MITSUI MARINE & FIRE INSURANCE CO., LTD.
MITSUI MATSUSHIMA CO., LTD.
MITSUI MINING COMPANY, LIMITED
MITSUI PETROCHEMICAL INDUSTRIES, LTD.
MITSUI REAL ESTATE SALES CO., LTD.
MITSUI SUGAR CO., LTD.
MITSUI TRUST & BANKING COMPANY, LIMITED
MITSUI & CO., LTD.
<PAGE>
MITSUI-SOKO CO., LTD.
MITSUMI ELECTRIC CO., LTD.
MITSUUROKO CO., LTD.
MIURA PRINTING CORPORATION
MIYAJI IRON WORKS CO., LTD.
MIYATA INDUSTRY CO., LTD.
MIYAZAKI BANK, LTD.
MIYOSHI OIL & FAT CO., LTD.
MIYUKI KEORI CO., LTD.
MIZUNO CORPORATION
MOCHIDA PHARMACEUTICAL CO., LTD.
MOONBAT CO., LTD.
MORIMOTO CORPORATION
MORINAGA MILK INDUSTRY CO., LTD.
MORITA FIRE PUMP MFG. CO., LTD.
MOROZOFF LIMITED
MOS FOOD SERVICES, INC.
MR MAX CORPORATION
MURATA MANUFACTURING COMPANY, LTD.
MUSASHINO BANK, LTD.
MUTOW CO., LTD.
NABCO LTD.
NAGAHORI CORPORATION
NAGASE & COMPANY, LTD.
NAGATANIEN CO., LTD.
NAGOYA RAILROAD CO., LTD.
NAIGAI CO., LTD.
NAKABAYASHI CO., LTD.
NAKAMURAYA CO., LTD.
NAKANO CORPORATION
NAMCO LIMITED
NANKAI ELECTRIC RAILWAY CO., LTD.
NANTO BANK, LTD.
NARASAKI SANGYO CO., LTD.
NASU DENKI-TEKKO CO., LTD.
NATIONAL HOUSE INDUSTRIAL CO., LTD.
NEC SYSTEM INTEGRATION & CONSTRUCTION
NETUREN CO., LTD.
NEW OJI PAPER CO., LTD.
NEW TACHIKAWA AIRCRAFT CO., LTD.
NGK INSULATORS, LTD.
NGK SPARK PLUG CO., LTD.
NHK SPRING CO., LTD.
NICHIA STEEL WORKS, LTD.
NICHIAS CORPORATION
NICHIBAN CO., LTD.
NICHICON CORPORATION
NICHIDO FIRE & MARINE INSURANCE CO.,LTD.
NICHII CO., LTD.
NICHIMEN CORPORATION
NICHIREI CORPORATION
NICHIREKI CO., LTD.
NIFCO INC.
NIHON CEMENT CO., LTD.
NIHON INTER ELECTRONICS CORPORATION
NIHON KAGAKU SANGYO CO., LTD.
NIHON KOHDEN CORPORATION
NIHON MATAI CO., LTD.
NIHON NOHYAKU CO., LTD.
NIHON NOSAN KOGYO K.K.
NIHON PARKERIZING CO., LTD.
NIHON SHOKUHIN KAKO CO., LTD.
NIHON SPINDLE MFG. CO., LTD.
NIHON TOKUSHU TORYO CO., LTD.
NIHON UNISYS, LTD.
NIIGATA CHUO BANK, LIMITED
NIKKA WHISKY DISTILLING CO., LTD. (THE)
NIKKEN CHEMICALS CO., LTD.
NIKKO CO., LTD.
NIKKO SECURITIES CO., LTD. (THE)
NIKON CORPORATION
NINTENDO CO., LTD.
NIPPON BEET SUGAR MANUFACTURING CO.,LTD.
NIPPON CERAMIC CO., LTD.
NIPPON CHEMICAL INDUSTRIAL CO., LTD.
NIPPON CHEMIPHAR CO., LTD.
NIPPON CHUTETSUKAN K.K.
NIPPON COMSYS CORPORATION
NIPPON CONCRETE INDUSTRIES CO., LTD.
NIPPON CONVEYOR CO., LTD.
NIPPON DENKO CO., LTD.
NIPPON DENSETSU KOGYO CO., LTD.
NIPPON DENTSU KENSETSU CO., LTD.
NIPPON DENWA SHISETSU CO., LTD.
NIPPON ELECTRIC GLASS CO., LTD.
NIPPON EXPRESS CO., LTD.
NIPPON FELT COMPANY LIMITED
NIPPON FINE CHEMICAL CO., LTD.
NIPPON FIRE & MARINE INSURANCE CO., LTD.
NIPPON FLOUR MILLS CO., LTD.
NIPPON FORMULA FEED MANUFACTURING CO LTD
NIPPON GAS CO., LTD.
NIPPON HODO CO., LTD.
NIPPON HUME PIPE CO., LTD.
NIPPON KASEI CHEMICAL COMPANY, LIMITED
NIPPON KOEI CO., LTD.
NIPPON KONPO UNYU SOKO CO., LTD.
NIPPON MEAT PACKERS, INC.
NIPPON METAL INDUSTRY CO., LTD.
NIPPON MUKI CO., LTD.
NIPPON OIL CO., LTD.
NIPPON PAINT CO., LTD.
NIPPON PAPER INDUSTRIES CO., LTD.
NIPPON PIGMENT CO., LTD.
NIPPON PIPE MANUFACTURING CO., LTD.
NIPPON PISTON RING CO., LTD.
NIPPON ROAD CO., LTD., THE
NIPPON SANSO CORPORATION
NIPPON SEIKI CO., LTD.
NIPPON SEISEN CO., LTD.
NIPPON SHARYO, LTD.
NIPPON SHEET GLASS COMPANY, LIMITED
NIPPON SHINPAN CO., LTD.
NIPPON SHINYAKU CO., LTD.
NIPPON SHOKUBAI CO., LTD.
NIPPON SIGNAL CO., LTD.
NIPPON SODA CO., LTD.
NIPPON SUISAN KAISHA, LTD.
NIPPON TELEGRAPH & TELEPHONE CORPORATION
NIPPON TELEVISION NETWORK CORP.
NIPPON TRUST BANK LIMITED
NIPPON TUNGSTEN CO., LTD.
NIPPON TYPEWRITER CO., LTD.
NIPPON YUSEN KABUSHIKI KAISHA
NIPPONDENSO CO., LTD.
NISHIMATSU CONSTRUCTION CO., LTD.
NISHI-NIPPON BANK, LTD.
<PAGE>
NISHI-NIPPON RAILROAD CO., LTD.
NISSAN CHEMICAL INDUSTRIES, LTD.
NISSAN CONSTRUCTION CO., LTD.
NISSAN FIRE & MARINE INSURANCE CO., LTD.
NISSAN SHATAI CO., LTD.
NISSEI BUILD KOGYO CO., LTD.
NISSEI SANGYO CO., LTD.
NISSEKI HOUSE INDUSTRY CO., LTD
NISSEN CO., LTD.
NISSHA PRINTING CO., LTD.
NISSHIN FIRE & MARINE INSURANCE CO.,LTD.
NISSHIN FLOUR MILLING CO., LTD.
NISSHIN OIL MILLS, LTD., THE
NISSHIN STEEL CO., LTD.
NISSHINBO INDUSTRIES, INC.
NISSHO CORPORATION
NISSHO ELECTRONICS CORPORATION
NISSIN CORPORATION
NISSIN ELECTRIC CO., LTD.
NISSIN FOOD PRODUCTS CO., LTD.
NISSIN SUGAR MANUFACTURING CO., LTD.
NISSUI PHARMACEUTICAL CO., LTD.
NITSUKO CORPORATION
NITTAN VALVE CO., LTD.
NITTETSU MINING CO., LTD.
NITTO CHEMICAL INDUSTRY CO., LTD.
NITTO DENKO CORPORATION
NITTO ELECTRIC WORKS, LTD.
NITTO FLOUR MILLING CO., LTD.
NITTOC CONSTRUCTION CO., LTD.
NOF CORPORATION
NOHI SEINO TRANSPORTATION CO., LTD.
NOHMI BOSAI LTD.
NOK CORPORATION
NOMURA CO., LTD.
NOMURA SECURITIES CO., LTD. (THE)
NORITAKE CO., LIMITED
NORITZ CORPORATION
NORTH PACIFIC BANK, LTD.
NOZAKI INSATSU SHIGYO CO., LTD.
NSK LTD.
NTN CORPORATION
OAK CO., LTD.
OBAYASHI CORPORATION
OBAYASHI ROAD CORPORATION
ODAKYU CONSTRUCTION CO., LTD.
ODAKYU ELECTRIC RAILWAY CO., LTD.
ODAKYU REAL ESTATE CO., LTD.
OGAKI KYORITSU BANK, LTD.
OHBA CO., LTD
OHKI CORPORATION
OITA BANK, LTD.
OKABE CO., LTD.
OKAMOTO INDUSTRIES, INC.
OKAMURA CORPORATION
OKI ELECTRIC CABLE CO., LTD.
OKUMURA CORPORATION
OKURA INDUSTRIAL CO., LTD.
OLIVER CORPORATION
OLYMPUS OPTICAL CO., LTD.
OMRON CORPORATION
ONO PHARMACEUTICAL CO., LTD.
ONWARD KASHIYAMA CO., LTD.
OPTEC DAI-ICHI DENKO CO., LTD.
ORGANO CORPORATION
ORIENT CORPORATION
ORIENTAL YEAST CO., LTD.
OSAKA GAS CO., LTD.
OSAKA SECURITIES FINANCE CO., LTD.
OSAKA UOICHIBA CO., LTD.
OSAKI ELECTRIC CO., LTD.
OSG CORPORATION
PACIFIC INDUSTRIAL CO., LTD.
PARCO CO., LTD.
PENTA-OCEAN CONSTRUCTION CO., LTD.
PILOT CORPORATION
PIONEER ELECTRONIC CORP.
POKKA CORPORATION
PRIMA MEAT PACKERS, LTD.
P.S. CORPORATION
Q.P. CORPORATION
RAITO KOGYO CO., LTD.
RASA INDUSTRIES, LTD.
RENGO CO., LTD.
RHEON AUTOMATIC MACHINERY CO., LTD.
RHYTHM WATCH CO., LTD.
RICOH COMPANY, LTD.
RICOH ELEMEX CORPORATION
RIKEI CORPORATION
RIKEN CORPORATION
RIKEN KEIKI CO., LTD.
RIKEN VINYL INDUSTRY CO., LTD.
RIKEN VITAMIN CO., LTD.
RINNAI CORPORATION
ROCK PAINT CO., LTD.
ROHM COMPANY LIMITED
ROHTO PHARMACEUTICAL CO., LTD.
ROLAND CORPORATION
ROYAL CO., LTD.
RYOBI LIMITED
RYODEN TRADING COMPANY, LIMITED
RYOSAN COMPANY, LIMITED
RYOYO ELECTRO CORPORATION
S X L CORPORATION
S & B FOODS INC.
SAEKI KENSETSU KOGYO CO., LTD.
SAGAMI CO., LTD.
SAGAMI RAILWAY CO., LTD.
SAGAMI RUBBER INDUSTRIES CO., LTD.
SAIBO CO., LTD.
SAIBU GAS CO., LTD.
SAIKAYA CO., LTD.
SAKAI CHEMICAL INDUSTRY CO., LTD.
SAKAI HEAVY INDUSTRIES, LTD.
SAKAI OVEX CO., LTD.
SAKATA INX CORPORATION
SAKATA SEED CORPORATION
SAKURA BANK LIMITED
SAKURADA CO., LTD.
SAN-AI OIL CO., LTD.
SANGETSU CO., LTD.
SAN-IN GODO BANK, LTD.
SANJO MACHINE WORKS, LTD.
SANKEI BUILDING CO., LTD.
SANKEN ELECTRIC CO., LTD.
SANKI ENGINEERING CO., LTD.
<PAGE>
SANKO ENGINEERING CORPORATION
SANKO METAL INDUSTRIAL CO., LTD.
SANKYO ALUMINIUM INDUSTRY CO., LTD.
SANKYO COMPANY, LIMITED
SANKYO SEIKO CO., LTD.
SANKYU INC.
SANOH INDUSTRIAL CO., LTD
SANOYAS HISHINO MEISHO CORPORATION
SANSEI YUSOKI CO., LTD.
SANSHIN ELECTRONICS CO., LTD.
SANTEN PHARMACEUTICAL CO., LTD.
SANWA BANK, LIMITED
SANWA SHUTTER CORPORATION
SANYO CHEMICAL INDUSTRIES, LTD.
SANYO DENKI CO., LTD.
SANYO ELECTRIC CO., LTD.
SANYO ELECTRIC RAILWAY CO., LTD.
SANYO ENGINEERING & CONSTRUCTION INC.
SANYO INDUSTRIES, LTD.
SANYO SHOKAI LTD.
SANYO SPECIAL STEEL CO., LTD.
SAPPORO BREWERIES LIMITED
SAPPORO LION LIMITED
SASEBO HEAVY INDUSTRIES CO., LTD.
SATA CONSTRUCTION CO., LTD.
SATO SHOJI CORPORATION
SAWAFUJI ELECTRIC CO., LTD.
SECOM CO., LTD.
SEGA ENTERPRISES, LTD.
SEIKA CORPORATION
SEINO TRANSPORTATION CO., LTD.
SEIREI INDUSTRY CO., LTD.
SEIREN CO., LTD.
SEIWA ELECTRIC MFG. CO., LTD.
SEIYO FOOD SYSTEMS INC.
SEIYU, LTD.
SEKISUI CHEMICAL CO., LTD.
SEKISUI HOUSE, LTD.
SEKISUI JUSHI CORPORATION
SEKISUI PLASTICS CO., LTD.
SENKO CO., LTD.
SENSHU BANK, LTD.
SENSHUKAI CO., LTD.
SEVEN-ELEVEN JAPAN CO., LTD.
SEVENTY-SEVEN BANK LTD.
SHARP CORPORATION
SHIBUSAWA WAREHOUSE CO., LTD.
SHIBUYA KOGYO CO., LTD.
SHIGA BANK, LTD.
SHIKOKU BANK LTD.
SHIKOKU CHEMICALS CORPORATION
SHIKOKU ELECTRIC POWER COMPANY, INC.
SHIMA SEIKI MFG., LTD.
SHIMACHU CO., LTD.
SHIMADZU CORPORATION
SHIMAMURA CO., LTD.
SHIMANO INC.
SHIMIZU BANK, LTD.
SHIMIZU CORPORATION
SHIN NIKKEI COMPANY, LTD.
SHIN NIPPON AIR TECHNOLOGIES CO., LTD.
SHIN NIPPON MACHINERY CO., LTD
SHINAGAWA FUEL CO., LTD.
SHINAGAWA REFRACTORIES CO., LTD.
SHIN-ETSU CHEMICAL CO., LTD.
SHIN-ETSU POLYMER CO., LTD.
SHIN-KEISEI ELECTRIC RAILWAY CO., LTD.
SHINKO ELECTRIC INDUSTRIES CO., LTD
SHINKO SANGYO CO., LTD.
SHINKO SHOJI CO., LTD.
SHIN-KOBE ELECTRIC MACHINERY CO., LTD.
SHINMAYWA INDUSTRIES LTD.
SHINSHO CORPORATION
SHINWA BANK, LTD.
SHIONOGI & CO., LTD.
SHIROKI CORPORATION
SHISEIDO COMPANY, LIMITED
SHIZUOKA BANK, LTD. (THE)
SHO-BOND CORPORATION
SHOCHIKU CO., LTD.
SHOEI FOODS CORPORATION
SHOKO CO., LTD.
SHOWA AIRCRAFT INDUSTRY CO., LTD
SHOWA ALUMINUM CORPORATION
SHOWA CORPORATION
SHOWA ELECTRIC WIRE & CABLE CO., LTD.
SHOWA HIGHPOLYMER CO., LTD.
SHOWA SANGYO CO., LTD.
SHOWA SHELL SEKIYU K.K.
SHOWA TANSAN CO., LTD.
SINTOKOGIO, LTD.
SKYLARK CO., LTD.
SMC CORPORATION
SNOW BRAND MILK PRODUCTS CO., LTD.
SNT CORPORATION
SODA NIKKA CO., LTD.
SOGO CO., LTD.
SOKKIA COMPANY, LIMITED
SOMAR CORPORATION
SONTON FOOD INDUSTRY CO., LTD.
SONY CHEMICALS CORPORATION
SONY CORPORATION
SONY MUSIC ENTERTAINMENT (JAPAN) INC.
SOTETSU ROSEN CO., LTD.
SOTETSU TRANSPORTATION CO., LTD.
SOTOH CO., LTD.
SRL INC.
SS PHARMACEUTICAL CO., LTD.
STANLEY ELECTRIC CO., LTD.
SUBARU ENTERPRISE CO., LTD.
SUMISHO COMPUTER SYSTEMS CORPORATION
SUMITOMO BAKELITE COMPANY, LIMITED
SUMITOMO BANK, LIMITED
SUMITOMO CONSTRUCTION CO., LTD.
SUMITOMO CORPORATION
SUMITOMO DENSETSU CO., LTD.
SUMITOMO ELECTRIC INDUSTRIES, LTD.
SUMITOMO FORESTRY CO., LTD.
SUMITOMO HEAVY INDUSTRIES, LTD.
SUMITOMO LIGHT METAL INDUSTRIES, LTD.
SUMITOMO MARINE & FIRE INSURANCE CO, LTD
SUMITOMO OSAKA CEMENT CO., LTD.
SUMITOMO PRECISION PRODUCTS CO., LTD.
SUMITOMO REALTY & DEVELOPMENT CO., LTD.
SUMITOMO RUBBER INDUSTRIES, LTD.
SUMITOMO SEIKA CHEMICALS CO., LTD.
<PAGE>
SUMITOMO SITIX CORPORATION
SUMITOMO TRUST & BANKING CO., LTD.
SUMITOMO WAREHOUSE CO., LTD. (THE)
SUMITOMO WIRING SYSTEMS, LTD.
SUN WAVE CORPORATION
SUNSTAR INC.
SUNTELEPHONE CO., LTD.
SURUGA BANK, LTD.
SUZUKI MOTOR CORPORATION
SUZUTAN CO., LTD.
S.T. CHEMICAL CO., LTD.
TACHIHI ENTERPRISE CO., LTD.
TACHI-S CO., LTD.
TADANO, LTD.
TAIHEI DENGYO KAISHA, LTD.
TAIHEI KOGYO CO., LTD.
TAIHEIYO KOUHATSU INCORPORATED
TAIKISHA LTD.
TAISEI CORPORATION
TAISEI FIRE & MARINE INSURANCE CO., LTD.
TAISEI PREFAB CONSTRUCTION CO., LTD.
TAISEI ROTEC CORPORATION
TAISHO PHARMACEUTICAL CO., LTD.
TAITO CO., LTD.
TAIYO TOYO SANSO CO., LTD.
TAIYO YUDEN CO., LTD.
TAKAOKA ELECTRIC MFG. CO., LTD.
TAKARA SHUZO CO., LTD.
TAKARA STANDARD CO., LTD.
TAKASAGO INTERNATIONAL CORPORATION
TAKASAGO THERMAL ENGINEERING CO.,LTD
TAKASHIMA & CO., LTD.
TAKEDA CHEMICAL INDUSTRIES, LTD.
TAKI CHEMICAL CO., LTD.
TAKIGAMI STEEL CONSTRUCTION CO., LTD.
TAKIRON CO., LTD.
TAKUMA CO., LTD.
TAMURA CORPORATION
TANABE SEIYAKU CO., LTD.
TANSEISHA CO., LTD.
TASAKI SHINJU CO., LTD.
TATEYAMA ALUMINIUM INDUSTRY CO., LTD.
TATSUTA ELECTRIC WIRE & CABLE CO., LTD.
TDK CORPORATION
TEIJIN LIMITED
TEIJIN SEIKI CO., LTD.
TEIKOKU HORMONE MFG. CO., LTD.
TEIKOKU OIL CO., LTD.
TEIKOKU PISTON RING CO., LTD.
TEIKOKU TSUSHIN KOGYO CO., LTD.
TEISAN KABUSHIKI KAISHA
TEKKEN CORPORATION
TENMA CORPORATION
TERAOKA SEISAKUSHO CO., LTD.
TESAC CORPORATION
TETRA CO., LTD.
TKC CORPORATION
TOA CORPORATION
TOA DORO KOGYO CO., LTD.
TOA OIL CO., LTD.
TOA STEEL CO., LTD.
TOAGOSEI CO., LTD.
TOBU RAILWAY CO., LTD.
TOBU STORE CO., LTD.
TOC CO., LTD.
TOCHIGI BANK, LTD.
TOCHIGI FUJI INDUSTRIAL CO., LTD.
TODA CORPORATION
TODA KOGYO CORPORATION
TODENTU CORPORATION
TOEI COMPANY, LTD.
TOENEC CORPORATION
TOHO BANK LTD.
TOHO CO., LTD.
TOHO GAS CO., LTD.
TOHO RAYON CO., LTD.
TOHO REAL ESTATE CO., LTD.
TOHO ZINC CO., LTD.
TOHOKU ELECTRIC POWER COMPANY, INC.
TOHOKU TELECOMMUNICATIONS CONSTRUCTION
TOHTO SUISAN CO., LTD.
TOKAI BANK, LIMITED
TOKAI CARBON CO., LTD.
TOKAI RIKA CO. LTD.
TOKAI RUBBER INDUSTRIES, LTD.
TOKICO, LTD.
TOKIN CORPORATION
TOKIO MARINE & FIRE INSURANCE CO
TOKO ELECTRIC CORPORATION
TOKO, INC.
TOKUSHU PAPER MFG. CO., LTD.
TOKUYAMA CORPORATION
TOKYO BROADCASTING SYSTEM, INC.
TOKYO BUHIN KOGYO CO., LTD.
TOKYO DENKI KOMUSHO CO., LTD.
TOKYO DOME CORPORATION
TOKYO ELECTRIC POWER CO., INC., THE
TOKYO ELECTRON LIMITED
TOKYO GAS CO., LTD.
TOKYO KAIKAN CO., LTD.
TOKYO NISSAN AUTO SALES CO., LTD.
TOKYO OHKA KOGYO CO., LTD
TOKYO PRINTING INK MFG. CO., LTD.
TOKYO RAKUTENCHI CO., LTD.
TOKYO ROPE MFG. CO., LTD.
TOKYO SOIR CO., LTD.
TOKYO STYLE CO., LTD.
TOKYO TANABE CO., LTD.
TOKYO TEKKO CO., LTD.
TOKYO THEATRES COMPANY INCORPORATED
TOKYO TOMIN BANK, LIMITED
TOKYOTOKEIBA CO., LTD.
TOKYU CAR CORPORATION
TOKYU CONSTRUCTION CO., LTD.
TOKYU CORPORATION
TOKYU DEPARTMENT STORE CO. LTD.
TOKYU HOTEL CHAIN CO., LTD.
TOKYU RECREATION CO., LTD.
TOKYU STORE CHAIN CO., LTD.
TOLI CORPORATION
TOMOE CORPORATION
TOMOEGAWA PAPER CO. LTD.
TOMOKU CO., LTD.
TONAMI TRANSPORTATION CO., LTD.
TONEN CORPORATION
TOPPAN PRINTING CO., LTD.
<PAGE>
TOPRE CORPORATION
TOPY INDUSTRIES, LIMITED
TORAY INDUSTRIES, INC.
TORISHIMA PUMP MFG. CO., LTD.
TOSHIBA CORPORATION
TOSHIBA MACHINE CO., LTD.
TOSHIBA PLANT KENSETSU CO. LTD.
TOSHO PRINTING COMPANY, LIMITED
TOSHOKU LTD.
TOSTEM CORPORATION
TOTENKO CO., LTD.
TOTETSU KOGYO CO., LTD.
TOTO LTD.
TOTOKU ELECTRIC CO., LTD.
TOYAMA CHEMICAL CO., LTD.
TOYO ALUMINIUM K.K.
TOYO CHEMICAL CO., LTD.
TOYO COMMUNICATION EQUIPMENT CO. LTD
TOYO CONSTRUCTION CO., LTD.
TOYO CORPORATION
TOYO ENGINEERING CORPORATION
TOYO EXTERIOR CO., LTD
TOYO INK MFG. CO., LTD.
TOYO KANETSU K.K.
TOYO KOHAN CO., LTD.
TOYO RADIATOR CO., LTD.
TOYO SEIKAN KAISHA, LTD.
TOYO SHUTTER CO., LTD.
TOYO SUISAN KAISHA, LTD.
TOYO TRUST & BANKING COMPANY, LIMITED
TOYO WAREHOUSE CO., LTD.
TOYO WHARF & WAREHOUSE CO., LTD.
TOYOBO CO., LTD.
TOYODA AUTOMATIC LOOM WORKS, LTD.
TOYODA BOSHOKU CORPORATION
TOYOTA AUTO BODY CO., LTD.
TOYOTA MOTOR CORPORATION
TOYOTA TSUSHO CORPORATION
TSUBAKIMOTO CHAIN CO.
TSUBAKIMOTO MACHINERY & ENGINEERING CO.
TSUBAKIMOTO PRECISION PRODUCTS CO., LTD.
TSUDAKOMA CORP.
TSUKAMOTO CO., LTD.
TSUKIJI UOICHIBA COMPANY, LIMITED
TSUKISHIMA KIKAI CO., LTD.
TSUTSUNAKA PLASTIC INDUSTRY CO., LTD.
UCHIDA YOKO CO., LTD.
UEHARA SEI SHOJI CO., LTD.
UEKI CORPORATION
UNI-CHARM CORPORATION
UNIDEN CORPORATION
UNISIA JECS CORPORATION
UNY CO., LTD.
USHIO INC.
UTOC CORPORATION
WACOAL CORP.
WAKACHIKU CONSTRUCTION CO., LTD.
WAKAMOTO PHARMACEUTICAL CO., LTD.
WAKITA & CO., LTD.
YAHAGI CONSTRUCTION CO., LTD.
YAKULT HONSHA CO., LTD.
YAMAGATA BANK, LTD.
YAMAGUCHI BANK LTD.
YAMAHA CORPORATION
YAMAHA MOTOR CO., LTD.
YAMAMURA GLASS CO., LTD.
YAMANAKA CO., LTD.
YAMANASHI CHUO BANK, LTD.
YAMANOUCHI PHARMACEUTICAL CO., LTD.
YAMATAKE-HONEYWELL CO., LTD.
YAMATANE CORPORATION
YAMATO KOGYO CO., LTD.
YAMATO TRANSPORT CO., LTD.
YAMAZAKI BAKING CO., LTD.
YASUDA FIRE & MARINE INSURANCE CO.
YASUDA TRUST & BANKING COMPANY, LIMITED
YODOGAWA STEEL WORKS LTD.
YOKOGAWA BRIDGE CORP.
YOKOGAWA ELECTRIC CORPORATION
YOKOHAMA REITO CO., LTD.
YOKOHAMA RUBBER COMPANY, LIMITED
YOKOWO CO., LTD.
YOMEISHU SEIZO CO., LTD.
YOMIURI LAND CO., LTD.
YONDENKO CORPORATION
YORK-BENIMARU CO., LTD.
YOSHIMOTO KOGYO CO., LTD.
YOSHITOMI PHARMACEUTICAL INDUSTRIES, LTD
YUASA CORPORATION
YUASA FUNASHOKU CO., LTD.
YUASA TRADING CO., LTD.
YURTEC CORPORATION
YUSHIRO CHEMICAL INDUSTRY CO., LTD.
ZENCHIKU COMPANY LIMITED
ZENITAKA CORPORATION
ZEXEL CORPORATION
ZOJIRUSHI CORPORATION

MEXICO NATIONAL EQUITY INDEX
ALFA S.A. DE C.V.
APASCO S.A. DE C.V.
CEMEX S.A.
CIFRA, S.A. DE C.V.
CONTROLADORA COMERCIAL MEXICANA S.A.
CORPORACION INDUSTRIAL SANLUIS S.A.
DESC S.A. DE C.V.
EL PUERTO DE LIVERPOOL S.A. DE C.V.
EMPAQUES PONDEROSA S.A.
EMPRESAS LA MODERNA S.A. DE C.V.
FOMENTO ECONOMICO MEXICANO, S.A. DE C.V.
GRUPO CARSO S.A. DE C.V.
GRUPO CEMENTOS DE CHIHUAHUA
GRUPO CONTINENTAL SA
GRUPO FINANC. BANAMEX ACCIVAL SA BANACCI
GRUPO INDUSTRIAL BIMBO S.A. DE C.V.
GRUPO INDUSTRIAL MASECA S.A. DE C.V.
GRUPO POSADAS S.A. DE C.V.
GRUPO SYNKRO S.A. DE C.V.
GRUPO TELEVISA S.A. DE C.V.
HERDEZ S.A. DE C.V.
INDUSTRIAS PENOLES S.A. DE C.V.
KIMBERLY CLARK DE MEXICO S.A. DE C.V.
NADRO S.A.
SEARS ROEBUCK DE MEXICO
TELEFONOS DE MEXICO S.A. DE C.V.
TOLMEX S.A. DE C.V.
<PAGE>
TRANSPORTACION MARITIMA MEXICANA
VITRO SOCIEDAD ANOMINA

NORDIC NATIONAL EQUITY INDEX
DENMARK
AARHUS OLIEFABRIK A/S
ALBANI BRYGGERIERNE A/S
ALM. BRAND A/S
AMTSSPAREKASSEN FYN A/S
A/S DAMPSKIBSSELSKABET TORM
A/S DET OSTASIATISKE KOMPAGNI
A/S NORDISK SOLAR COMPAGNI
A/S NORRESUNDBY BANK
A/S PHONIX CONTRACTORS
A/S POTAGUA
A/S TH. WESSEL & VETT, MAGASIN DU NORD
BANG & OLUFSEN HOLDING A/S
BRODRENE HARTMANN A/S
CARLSBERG A/S
CHEMINOVA HOLDING A/S
CHRISTIAN HANSEN HOLDING A/S
COLOPLAST A/S
C.W. OBEL A/S
DAMPSKIBSSELSKABET AF 1912 A/S
DAMPSKIBSSELSKABET SVENDBORG A/S
DANISCO A/S
DEN DANSKE BANK A/S
DET DANSKE LUFTFARTSELSKAB A/S
DET DANSKE TRAELASTKOMPAGNI A/S
DFDS A/S
EGETAEPPER A/S
EJENDOMSSELSKABET NORDEN A/S
FIN.INST. FOR INDUSTRI OG HANDVAERK A/S
FLS INDUSTRIES A/S
FLUGGER A/S
GN STORE NORD A/S (GN GREAT NORDIC LTD.)
GN STORE NORD HOLDING AS
HENRIKSEN OG HENRIKSEN HOLDING A/S
ICOPAL A/S
INCENTIVE A/S
ISS-INTERNATIONAL SERVICE SYSTEM A/S
JACOB HOLM & SONNER A/S
JYSKE BANK A/S
LOUIS POULSEN & CO. A/S
MICRO MATIC HOLDING A/S
MONBERG & THORSEN HOLDING A/S
NKT HOLDING A/S
NOVO NORDISK A/S
RADIOMETER A/S
RASMUSSEN & SCHIOTZ HOLDING A/S
REDERIET KNUD I. LARSEN AS
SOPHUS BERENDSEN A/S
SPAR NORD HOLDING A/S
SUPERFOS A/S
S. DYRUP & CO. A/S
TELE DANMARK A/S
UNIDANMARK A/S

FINLAND
AAMULEHTI-YHTYMA OY
AB CHIPS OY LTD
ALANDSBANKEN AB
AMER-YHTYMA OY
CULTOR OY
ENSO-GUTZEIT OY
FINNAIR OY
FINNLINES OY
FISKARS OY AB
HUHTAMAKI OY
INSTRUMENTARIUM OY
KESKO OY
KONE OY
KYMMENE OY
LASSILA & TIKANOJA OY
METRA OY
METSA-SERLA OY
OKOBANK OSUUSPANKKIEN KESKUSPANKKI OY
ORION-YHTYMA OY
OUTOKUMPU OY
OY HACKMAN AB
OY HARTWALL AB
OY NOKIA AB
OY STOCKMANN AB
OY TAMRO AB
PARTEK OY AB
POHJOLA OY
RAISION TEHTAAT OY AB
RAUTAKIRJA OY
RAUTARUUKKI OY
REPOLA OY
SYP-INVEST OY
TAMFELT OY AB
TAMPELLA OY AB
TT TIETO OY
VAISALA OY
VAKUUTUSOSAKEYHTIO SAMPO
VALMET OY
WERNER SODERSTROM OY

NORWAY
AKER A.S
ALCATEL STK A/S
AWILCO AS
A/S BERGENS SKILLINGSBANK
A/S BONHEUR
A/S GANGER ROLF
A/S NORDLANDSBANKEN
A/S VEIDEKKE
BERGESEN D.Y. A/S
BOLIG- OG NARINGSBANKEN AS
COLOR LINE AS
DEN NORSKE AMERIKALINJE A/S
DET NORSKE LUFTFARTSELSKAP A/S
DYNO INDUSTRIER A.S
ELKEM A/S
HAFSLUND NYCOMED AS
HAVTOR A/S
HELIKOPTER SERVICE A/S
KVAERNER A.S
KVERNELAND AS
LEIF HOEGH & CO A/S
NCL HOLDING AS
NORSK HYDRO A.S
NORSKE SKOGINDUSTRIER A.S
ORKLA A/S
RAUFOSS A/S
<PAGE>
RIEBER & SON A/S
SAGA PETROLEUM A.S
SIMRAD A/S
SKIBSAKSJESELSKAPET STORLI
TOMRA SYSTEMS A/S
UNITOR AS
VITAL FORSIKRING A.S
WILH. WILHELMSEN LIMITED AS

SWEDEN
AGA AB
ALLGON AB
ASEA AB
ASTRA AB
ATLAS COPCO AB
AVESTA SHEFFIELD AB
CUSTOS AB
ELDON AB
ELECTROLUX AB
ESSELTE AB
FORSAKRINGS AB SKANDIA
FORSHEDA AB
GAMBRO AB
GARPHYTTAN INDUSTRIER AB
GRANINGE AB
GULLSPANGS KRAFT AB
H & M HENNES & MAURITZ AB
INCENTIVE AB
INDUSTRIFORVALTNINGS AB KINNEVIK
INVESTMENT AB LATOUR
INVESTOR AB
L E LUNDBERGFORETAGEN AB
LINDAB AB
MO OCH DOMSJO AB
NCC AB
NORDSTROM & THULIN AB
OM GRUPPEN AB
PERSTORP AB
SANDVIK AB
SECO TOOLS AB
SIAB AB
SKANDINAVISKA ENSKILDA BANKEN
SKANE-GRIPEN AB
SKF AB
SSAB SVENSKT STAL AB
STORA KOPPARBERGS BERGSLAGS AB
SVEDALA INDUSTRI AB
SVENSKA CELLULOSA AKTIEBOLAGET SCA
SVENSKA HANDELSBANKEN
SYDKRAFT AB
TELEFONAKTIEBOLAGET LM ERICSSON
TIDNINGS AB MARIEBERG
TRELLEBORG AB
TRYGG-HANSA AB
VOLVO AB

SWISS NATIONAL EQUITY INDEX
ALUSUISSE-LONZA HOLDING AG
BAER HOLDING AG
BANQUE CANTONALE VAUDOISE
BBC BROWN BOVERI AG
BOBST AG
BOSSARD HOLDING AG
BRAUEREI EICHHOF AG
BUCHER HOLDING AG
CELLULOSE ATTISHOLZ AG
CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG
CIBA-GEIGY AG
COMPAGNIE FINANCIERE RICHEMONT AG
CREDIT FONCIER VAUDOIS (CFV)
CROSSAIR AG F EURO REGIONALLUFTVERKEHR
CS HOLDING
DANZAS HOLDING AG
DIPL. ING. FUST AG
EDIPRESSE SA
ELEKTRIZITAETS-GESELL. LAUFENBURG AG
ELEKTROWATT AG
EMS-CHEMIE HOLDING AG
FELDSCHLOESSCHEN HOLDING
FLUGHAFEN-IMMOBILIEN-GESELLSCHAFT FIG
FORBO HOLDING AG
GALENICA HOLDING AG
GEORG FISCHER AG
GOTTHARD BANK
GRAUBUENDNER KANTONALBANK
GURIT-HEBERLEIN AG
HELVETIA SCHWEIZERISCHE VERSICHERUNG
HILTI AG
HOLDERBANK FINANCIERE GLARUS AG
HOLVIS AG
HUBER & SUHNER AG
HUERLIMANN HOLDING AG
HYPOTHEKARBANK LENZBURG
IMMUNO INTERNATIONAL AG
INDUSTRIEHOLDING CHAM AG
INTERSHOP HOLDING AG
JELMOLI HOLDING AG
KARDEX REMSTAR INTERNATIONAL AG
KERAMIK HOLDING AG LAUFEN
KONSUM VEREIN ZUERICH
KRAFTWERK LAUFENBURG
KUONI REISEN HOLDING AG
LANDIS & GYR AG
LEM HOLDING SA
LIECHTENSTEIN GLOBAL TRUST AG
LIECHTENSTEINISCHE LANDESBANK (LLB) AG
LOGITECH INTERNATIONAL SA
LUZERNER LANDBANK
MAAG HOLDING AG
MAGAZINE ZUM GLOBUS AG
MERCK AG
MERKUR HOLDING AG
METALLWAREN HOLDING AG ZUG
MOEVENPICK HOLDING
NESTLE SA
NOKIA MAILLEFER HOLDING SA
OERLIKON-BUEHRLE HOLDING LTD.
PHARMA VISION 2000 AG
PHOENIX MECANO AG
PRODEGA AG
RIETER HOLDING AG
ROCHE HOLDING AG
SANDOZ AG
SARNA KUNSTSTOFF HOLDING AG
SCHINDLER HOLDING AG
SCHWEIZERHALL HOLDING AG
<PAGE>
SCHWEIZERISCHE BANKGESELLSCHAFT
SCHWEIZERISCHE RUECKVERSICHERUNG-GES.
SCHWEIZERISCHER BANKVEREIN
SCHWEIZ. IND. GESELLSCHAFT HOLDING (SIG)
SCINTILLA AG
SIEGFRIED AG
SIHL-ZUERCHER PAPIERFABRIK AN DER SIHL
SIKA FINANZ AG, BAAR
SMH-SCHW. GES. FUER MIKROELEKTRONIK AG
SOC. GENERALE DE SURVEILLANCE HOLDING SA
SOC. GENERALE DE SURVEILLANCE HOLDING SA
SULZER AG
SWISS LIFE INSURANCE & PENSION CO.
SWISSAIR SCHWEIZERISCHE LUFTVERKEHR AG
SWISSLOG HOLDING AG
VERWALTUNGS-UND PRIVAT-BANK AG VADUZ
VETROPACK HOLDING AG
VONTOBEL HOLDING AG
WALTER RENTSCH HOLDING AG
WINTERTHUR SCHWEIZER. VERSICHERUNGS GES.
WMH WALTER MEIER HOLDING AG
ZUERCHER ZIEGELEIEN HOLDING
ZUERICH VERSICHERUNGS-GESELLSCHAFT
ZUGER KANTONALBANK AG

U.K. NATIONAL EQUITY INDEX
ABBEY NATIONAL PLC
ADWEST GROUP PLC
AIRTOURS PLC
ALBERT FISHER GROUP PLC
ALFRED MCALPINE PLC
ALLIED COLLOIDS GROUP P.L.C.
ALLIED DOMECQ PLC
ALLIED LONDON PROPERTIES PLC
ALLIED TEXTILE COMPANIES PLC
AMERSHAM INTERNATIONAL PLC
ANGLIAN WATER PLC
ANTOFAGASTA HOLDINGS PLC
APPLEYARD GROUP PLC
ARGOS PLC
ARGYLL GROUP PLC
ARJO WIGGINS APPLETON PLC
ASDA GROUP PLC
ASDA PROPERTIES HOLDINGS PLC
ASHTEAD GROUP PLC
ASSOCIATED BRITISH FOODS PLC
ASSOCIATED BRITISH PORTS HOLDINGS PLC
ASTEC (BSR) PLC
AUSTIN REED GROUP PLC
AVON RUBBER PLC
BAA PLC
BANK OF SCOTLAND (GOVERNOR & COMPANY)
BARCLAYS PLC
BARRATT DEVELOPMENTS PLC
BASS PLC
BBA GROUP PLC
BEATTIE, JAMES PLC
BELLWAY PLC
BEMROSE CORPORATION PLC
BENTALLS PLC
BERISFORD PLC
BERNARD MATTHEWS PLC
BESPAK PLC
BET PLC
BI GROUP PLC
BICC PLC
BILTON PLC
BIRKBY PLC
BLAGDEN INDUSTRIES PLC
BLUE CIRCLE INDUSTRIES PLC
BODDINGTON GROUP PLC (THE)
BODY SHOP INTERNATIONAL PLC
BODYCOTE INTERNATIONAL PLC
BOOKER PLC
BOOTS COMPANY PLC
BOWTHORPE PLC
BPB INDUSTRIES PLC
BRADFORD PROPERTY TRUST PLC
BRAKE BROS PLC
BRAMMER PLC
BRISTOL EVENING POST PLC
BRISTOL WATER HOLDINGS PLC
BRITISH AIRWAYS PLC
BRITISH GAS PLC
BRITISH LAND COMPANY PLC
BRITISH PETROLEUM COMPANY PLC (THE)
BRITISH POLYTHENE INDUSTRIES PLC
BRITISH TELECOMMUNICATIONS PLC
BRITISH VITA PLC
BRITISH-BORNEO PETROLEUM SYNDICATE PLC
BRIXTON ESTATE PLC
BROWN, N GROUP PLC
BRYANT GROUP PLC
BSG INTERNATIONAL PLC
BSS GROUP PLC (THE)
BTP PLC
BTR PLC
BUDGENS PLC
BULLOUGH PLC
BUNZL PLC
BURFORD HOLDINGS PLC
BURMAH CASTROL PLC
BURTON GROUP PLC (THE)
BWI PLC
B.A.T. INDUSTRIES PLC
CABLE AND WIRELESS PLC
CADBURY SCHWEPPES PLC
CAIRN ENERGY PLC
CALEDONIA INVESTMENTS PLC
CALOR GROUP PLC
CAPE PLC
CAPITAL AND REGIONAL PROPERTIES PLC
CARADON PLC
CARCLO ENGINEERING GROUP PLC
CARLTON COMMUNICATIONS PLC
CATER ALLEN HOLDINGS PLC
CATTLES PLC
CHARTER PLC
CHESTERFIELD PROPERTIES PLC
CHRISTIAN SALVESEN PLC
CHRISTIES INTERNATIONAL PLC
CHURCH & CO PLC
CITY CENTRE RESTAURANTS PLC
CLOSE BROTHERS GROUP PLC
COATS VIYELLA PLC
COBHAM PLC
<PAGE>
COMMERCIAL UNION PLC
COMMUNITY HOSPITALS GROUP PLC
COMPASS GROUP PLC
CONCENTRIC PLC
COOKSON GROUP PLC
CORNWELL PARKER PLC
COSTAIN GROUP PLC
COUNTRYSIDE PROPERTIES PLC
COURTAULDS PLC
COURTAULDS TEXTILES PLC
COURTS PLC
COWIE GROUP PLC
CRAY ELECTRONICS HOLDINGS PLC
CREST NICHOLSON PLC
CRODA INTERNATIONAL PLC
DAEJAN HOLDINGS PLC
DAILY MAIL & GENERAL TRUST PLC
DALGETY PLC
DANKA BUSINESS SYSTEMS PLC
DAVID S. SMITH (HOLDINGS) PLC
DAVIS SERVICE GROUP PLC
DAWSONGROUP PLC
DE LA RUE PLC
DELTA PLC
DERWENT VALLEY HOLDINGS PLC
DEWHIRST GROUP PLC
DIPLOMA PLC
DIXONS GROUP PLC
DOBSON PARK INDUSTRIES PLC
DOMINO PRINTING SCIENCES PLC
DOWDING & MILLS PLC
EAST MIDLANDS ELECTRICITY PLC
EASTERN GROUP PLC
ELDRIDGE, POPE & CO. PLC
ELECTROCOMPONENTS PLC
ELLIS & EVERARD PLC
EMAP PLC
ENGLISH CHINA CLAYS PLC
ENTERPRISE OIL PLC
ETAM PUBLIC LIMITED COMPANY
EUROPEAN MOTOR HOLDINGS PLC
EUROTHERM PLC
EVANS HALSHAW HOLDINGS PLC
EVANS OF LEEDS PLC
FAIREY GROUP PLC
FARNELL ELECTRONICS PLC
FERGUSON INTERNATIONAL HOLDINGS PLC
FINE ART DEVELOPMENTS PLC
FINLAY, (JAMES) & CO. PLC
FIRST CHOICE HOLIDAYS PLC
FIRST LEISURE CORPORATION PLC
FKI PLC
FORTE PLC
FROGMORE ESTATES PLC
FULLER, SMITH & TURNER PLC
GEEST PLC
GENERAL ACCIDENT PLC
GENERAL ELECTRIC COMPANY PLC (THE)
GEORGE WIMPEY PLC
GERRARD & NATIONAL HOLDINGS PLC
GESTETNER HOLDINGS PLC
GKN PLC
GLAXO WELLCOME PLC
GLYNWED INTERNATIONAL PLC
GOAL PETROLEUM GROUP PLC
GOODE DURRANT PLC
GRAINGER TRUST PLC
GRAMPIAN HOLDINGS PLC
GRANADA GROUP PLC
GRAND METROPOLITAN PLC
GREAT PORTLAND ESTATES PLC
GREAT UNIVERSAL STORES PLC
GREENALLS GROUP PLC
GREENE KING PLC
GREYCOAT PLC
GUARDIAN ROYAL EXCHANGE PLC
GUINNESS PLC
HADEN MACLELLAN HOLDINGS PLC
HALL ENGINEERING (HOLDINGS) PLC
HALMA PLC
HAMBROS PLC
HAMMERSON PLC
HANSON PLC
HARDY OIL & GAS PLC
HARDYS & HANSONS PLC
HARRISONS & CROSFIELD PLC
HARTSTONE GROUP PLC
HAYS PLC
HAZLEWOOD FOODS PLC
HELICAL BAR PLC
HENDERSON ADMINISTRATION GROUP PLC
HENLYS GROUP PLC
HEPWORTH PLC
HEWDEN STUART PLC
HEYWOOD WILLIAMS GROUP PLC
HICKSON INTERNATIONAL PLC
HIGHLAND DISTILLERIES COMPANY PLC
HILLSDOWN HOLDINGS PLC
HOGG ROBINSON PLC
HOLT JOSEPH PLC
HSBC HOLDINGS PLC
HUNTING PLC
H.P. BULMER HOLDINGS PLC
ICELAND GROUP PLC
IMI PLC
IMPERIAL CHEMICAL INDUSTRIES PLC
INCHCAPE PLC
INVESCO PLC
J SAINSBURY PLC
JAMES HALSTEAD GROUP PLC
JOHN MENZIES PLC
JOHN WADDINGTON PLC
JOHNSON GROUP CLEANERS PLC
JOHNSON MATTHEY PUBLIC LIMITED COMPANY
JONES STROUD HOLDINGS PLC
J. BIBBY & SONS PLC
KALON GROUP PLC
KENWOOD APPLIANCES PLC
KINGFISHER PLC
KUNICK PLC
KWIK SAVE GROUP PLC
KWIK-FIT HOLDINGS PLC
LADBROKE GROUP PLC
LAING (JOHN) PLC
LAIRD GROUP PLC
LAMONT HOLDINGS PLC
<PAGE>
LAND SECURITIES PLC
LAPORTE PLC
LEIGH INTERESTS PLC
LEX SERVICE PLC
LIBERTY PLC
LIFE SCIENCES INTERNATIONAL
PLC LLOYD THOMPSON GROUP PLC
LLOYDS ABBEY LIFE PLC
LLOYDS BANK PLC
LLOYDS CHEMISTS PLC
LLOYDS TBS PLC
LOGICA PLC
LONDON ELECTRICITY PLC
LONDON FORFAITING COMPANY PLC
LONDON MERCHANT SECURITIES PLC
LONDON & OVERSEAS FREIGHTERS LIMITED
LONRHO PLC
LOW & BONAR PLC
LUCAS INDUSTRIES PLC
M & G GROUP PLC
MACALLAN-GLENLIVET PLC
MACDONALD MARTIN DISTILLERIES PLC
MACFARLANE GROUP CLANSMAN PLC
MAI PLC
MANDERS PLC
MANSFIELD BREWERY PLC
MANWEB PLC
MARKS AND SPENCER PLC
MARLEY PLC
MARSHALLS PLC
MARSTON, THOMSON & EVERSHED PLC
MATTHEW CLARK PLC
MCCARTHY & STONE PLC
MCKECHNIE PLC MEDEVA PLC
MEGGITT PLC
MEPC PLC
METALRAX GROUP PLC
MEYER INTERNATIONAL PLC
MICRO FOCUS GROUP PLC
MID KENT HOLDINGS PLC
MIDLANDS ELECTRICITY PLC
MIRROR GROUP PLC
MOLINS PLC
MONUMENT OIL & GAS PLC
MORE O'FERRALL PLC
MORLAND & CO PLC
MOSS BROS GROUP PLC
MUCKLOW (A & J) GROUP PLC
M.J. GLEESON GROUP PLC
NATIONAL POWER PLC
NATIONAL WESTMINSTER BANK PLC
NEWMAN-TONKS GROUP PLC
NEWS INTERNATIONAL PLC
NEXT PLC
NFC PLC
NORCROS PLC
NORTHERN ELECTRIC PLC
NORTHERN FOODS PLC
NORTHUMBRIAN WATER GROUP PLC
NORWEB PLC
NURDIN & PEACOCK PLC
OCEAN GROUP PLC
OXFORD INSTRUMENTS PLC
P & P PLC
PATERSON ZOCHONIS PLC
PEARSON PLC
PEEL HOLDINGS PLC
PELICAN GROUP PLC
(THE) PENDRAGON PLC
PENINSULAR & ORIENTAL STEAM NAVIGATION
PERKINS FOODS PLC
PERPETUAL PLC
PERRY GROUP PLC
PERSIMMON PLC
PETER BLACK HOLDINGS PLC
PHOTO-ME INTERNATIONAL PLC
PILKINGTON PLC
PLYSU PLC
POLYPIPE PLC
PORTSMOUTH AND SUNDERLAND NEWSPAPERS PLC
POWELL DUFFRYN PLC
POWERGEN PLC
POWERSCREEN INTERNATIONAL PLC
POWERSCREEN INTERNATIONAL PLC
PREMIER OIL PLC
PROVIDENT FINANCIAL PLC
PROWTING PLC
PSIT PLC
RACAL ELECTRONICS PLC
RAINE PLC
RANK ORGANISATION PLC
READICUT INTERNATIONAL PLC
RECKITT & COLMAN PLC
REDLAND PLC
REED INTERNATIONAL PLC
REFUGE GROUP PLC
REG VARDY PLC
RENISHAW PLC
RENOLD PLC
RENTOKIL GROUP PLC
REUTERS HOLDINGS PLC
REXAM PLC
RMC GROUP PLC
ROLLS-ROYCE PLC
ROTORK PLC
ROWE EVANS INVESTMENTS PLC
RTZ CORPORATION PLC
RUGBY GROUP PLC
SANDERSON BRAMALL MOTOR GROUP PLC
SAVOY HOTEL PLC
SCAPA GROUP PLC
SCHOLL PLC
SCHRODERS PLC
SCOTTISH HYDRO-ELECTRIC PLC
SCOTTISH METROPOLITAN PROPERTY PLC
SCOTTISH POWER PLC
SCOTTISH TELEVISION PLC
SCOTTISH & NEWCASTLE PLC
SEARS PLC
SECURICOR GROUP PLC
SECURITY SERVICES PLC
SEDGWICK GROUP PLC
SEEBOARD PLC
SEMA GROUP PLC
SENIOR ENGINEERING GROUP PLC (SEGL)
<PAGE>
SEVERN TRENT PLC
SHANKS & MCEWAN PLC
SHEFFIELD INSULATIONS GROUP PLC
SHELL TRANSPORT & TRADING COMPANY (THE)
SHERWOOD GROUP PLC
SIDLAW GROUP PLC
SIEBE PLC
SILENTNIGHT HOLDINGS PLC
SINGER & FRIEDLANDER GROUP PLC
SIRDAR PLC
SKETCHLEY PLC
SLOUGH ESTATES PLC
SMITH & NEPHEW PLC
SMITH (W.H.) GROUP PLC
SMITHKLINE BEECHAM P.L.C.
SMITHS INDUSTRIES PLC
SOUTH STAFFORDSHIRE WATER HOLDINGS PLC
SOUTH WALES ELECTRICITY PLC
SOUTH WEST WATER PLC
SOUTH WESTERN ELECTRICITY PLC
SOUTHEND PROPERTY HOLDINGS PLC
SOUTHERN ELECTRIC PLC
SOUTHERN WATER PLC
SPIRAX-SARCO ENGINEERING PLC
ST JAMES'S PLACE CAPITAL PLC
STAKIS PLC
STANDARD CHARTERED PLC
STANLEY LEISURE ORGANIZATION PLC
STAVELEY INDUSTRIES PLC
STOREHOUSE PLC
ST. IVES PLC
ST. MOWDEN PROPERTIES PLC
SUN ALLIANCE GROUP PLC
SUTER PLC
T & N PLC TAKARE PLC
TATE & LYLE PLC
TAUNTON CIDER PLC
TESCO PLC
THAMES WATER PLC
THE BERKELEY GROUP PLC
THE BOC GROUP PLC
THE MAYFLOWER CORPORATION PLC
THE MERSEY DOCKS AND HARBOUR COMPANY
THE MORGAN CRUCIBLE COMPANY PLC
THE ROYAL BANK OF SCOTLAND GROUP PLC
THORN EMI PLC
THORNTONS PLC
TIBBETT & BRITTEN GROUP
TILBURY DOUGLAS PLC
TIME PRODUCTS PLC
TOMKINS PLC
TOPS ESTATES PLC
TOWN CENTRE SECURITIES PLC
TRAFFORD PARK ESTATES PLC
TRANSPORT DEVELOPMENT GROUP PLC
TRAVIS PERKINS PLC
TRINITY INTERNATIONAL HOLDINGS PLC
TRIPLEX LLOYD PLC TT GROUP PLC
T.I. GROUP PLC
UDO HOLDINGS PLC
UNICHEM PLC
UNIGATE PLC
UNILEVER PLC
UNITECH PLC
UNITED BISCUITS (HOLDINGS) PLC
UNITED NEWS & MEDIA PLC
UNITED UTILITIES PLC
VAUX GROUP PLC
VICKERS PLC
VITEC GROUP PLC
VODAFONE GROUP PLC
VOLEX GROUP PLC
VOSPER THORNYCROFT HOLDINGS PLC
WACE GROUP PLC
WAGON INDUSTRIAL HOLDINGS PLC
WALKER GREENBANK PLC
WARDLE STOREYS PLC
WARNER ESTATE HOLDINGS PLC
WARNFORD INVESTMENTS PLC
WASSALL PLC
WATMOUGHS (HOLDINGS) PLC
WATSON & PHILIP PLC
WATTS BLAKE BEARNE & CO PLC
WEIR GROUP PLC
WELSH WATER PLC
WESSEX WATER PLC
WESTBURY PLC
WHATMAN PLC
WHITBREAD PLC
WILLIAM BAIRD PLC
WILLIAM COOK PLC
WILLIAMS HOLDINGS PLC
WILLIS CORROON GROUP PLC
WILSON BOWDEN PLC
WILSON (CONNOLLY) HOLDINGS PLC
WM. MORRISON SUPERMARKETS PLC
WOLSELEY PLC
WOLVERHAMPTON & DUDLEY BREWERIES PLC
Y J LOVELL (HOLDINGS) PLC
YORKSHIRE CHEMICALS PLC
YORKSHIRE ELECTRICITY GROUP PLC
YORKSHIRE WATER PLC
YORKSHIRE-TYNE TEES TELEVISION HLDGS PLC
YOUNG AND CO'S BREWERY PLC
YULE CATTO & CO., PLC

<PAGE>

PART C
-----------------
Other Information

Item 24. Financial Statements and Exhibits

(a) Financial Statements

(1) The following financial statements are included in the Prospectus:

Financial Highlights for Wright EquiFund--Hong Kong and Wright
EquiFund--Netherlands, for each of the five years ended December
31, 1995 and for the period from the start of business June 28,
1990 to December 31, 1990.

Financial Highlights for Wright EquiFund--Belgium/Luxembourg for
the year ended December 31, 1995 and for the period from the start
of business, February 15, 1994 to December 31, 1994.

Financial Highlights for Wright EquiFund--Japan, Wright
EquiFund--Nordic and Wright EquiFund--Switzerland for the year
ended December 31, 1995 and for the period from the start of
business, February 14, 1994 to December 31, 1994.

Financial Highlights for Wright EquiFund--Mexico for the year
ended December 31, 1995 and for the period from the start of
business, August 2, 1994 to December 31, 1994.

Financial Highlights for Wright EquiFund--Britain for the period
from the start of business, April 20,1995 to December 31, 1995.

Financial Highlights for Wright EquiFund--Germany for the period
from the start of business, April 19,1995 to December 31, 1995.

(2) The following financial statements are included in the Statement
of Additional Information:

For Wright EquiFund--Hong Kong and Wright EquiFund--Netherlands:

Portfolio of Investments, December 31, 199
Statement of Assets and Liabilities, December 31, 1995
Statement of Operations for the year ended December 31, 1995
Statement of Changes in Net Assets for the two years ended
December 31, 1995
Notes to Financial Statements
Auditors'Report

For Wright EquiFund--Belgium/Luxembourg, Wright EquiFund--Japan,
Wright EquiFund--Mexico, Wright EquiFund--Nordic and Wright
EquiFund--Switzerland:

Portfolio of Investments, December 31, 1995
Statement of Assets and Liabilities, December 31, 1995
Statement of Operations for the year ended December 31, 1995
Statements of Changes in Net Assets for the year ended
December 31, 1995 and for the period from the start of
business on February 14, 1994 for Wright EquiFund--Japan,
Wright EquiFund--Nordic and Wright EquiFund--Switzerland,
February 15, 1994 for Wright EquiFund--Belgium/Luxembourg and
August 2,1994 for Wright EquiFund--Mexico to December 31,1994
Notes to Financial Statements
Auditors' Report
<PAGE>

For Wright EquiFund--Britain and Wright EquiFund--Germany:

Portfolio of Investments, December 31, 1995
Statements of Assets and Liabilities, December 31, 1995
Statements of Operations for the period from the start of
business April 20, 1995 for Wright EquiFund--Britain and April
19, 1995 for Wright EquiFund--Germany to December 31, 1995
Statement of Changes in Net Assets for the period from the
start of business, April 20, 1995 for Wright EquiFund--Britain
and April 19, 1995 for Wright EquiFund--Germany to December
31, 1995
Notes to Financial Statements
Auditors' Report

THE ABOVE-REFERENCED FINANCIAL STATEMENTS ARE INCORPORATED BY REFERENCE TO
THE ANNUAL REPORT FOR THE FUNDS, DATED DECEMBER 31, 1995, FILED
ELECTRONICALLY PURSUANT TO SECTION 30(b)(2) OF THE INVESTMENT COMPANY ACT
OF 1940 (ACCESSION NO. 0000853255-96-000001).

(b) Exhibits:

(1) (a) Declaration of Trust dated July 14, 1989 as Amended and
Restated December 20, 1989 filed as Exhibit (1)(a) to
Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.

(b Amendment to the Declaration of Trust dated April 13, 1995
filed as Exhibit (1)(b) to Post-Effective Amendment No. 9
filed October 13, 1995 and incorporated herein by reference.

(2) By-laws dated July 14, 1989 filed as Exhibit (2) to Post-Effectiv
Amendment No. 9 filed October 13, 1995 and incorporated herein by
reference.

(3) Not Applicable

(4) Not Applicable

(5) (a) (1) Investment Advisory Contract between the Registrant on
behalf of Wright EquiFund--Hong Kong, Wright
EquiFund--Italy, Wright EquiFund--Netherlands, and Wright
EquiFund--Spain and Wright Investors' Service dated
August 25, 1994 filed as Exhibit (5)(a)(1) to
Post-Effective Amendment No.9 filed October 13, 1995 and
incorporated herein by reference.
(a) (2) Investment Advisory Contract between the Registrant on
behalf of Wright EquiFund--Australasia, Wright
EquiFund--Global, Wright EquiFund--International, Wright
EquiFund--Ireland, Wright EquiFund--Mexico and Wright
EquiFund--United States and Wright Investors' Service
dated April 1, 1994 filed as Exhibit (5)(a)(2) to
Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.
(a) (3) Investment Advisory Contract between the Registrant on
behalf of Wright EquiFund--Austria, Wright
EquiFund--Belgium/Luxembourg, Wright EquiFund--Canada,
Wright EquiFund--France, Wright EquiFund--Germany, Wright
EquiFund--Japan, Wright EquiFund--Nordic and Wright
EquiFund--Switzerland and Wright Investors' Service dated
January 20, 1994, filed as Exhibit (5)(a)(3) to
Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.
(a) (4) Investment Advisory Contract between the Registrant on
behalf of Wright EquiFund--Britain and Wright Investors'
Service dated April 17, 1995 filed as Exhibit (5)(a)(4) to
Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.
<PAGE>

(b) Amended and Restated Administration Agreement between the
Registrant and Eaton Vance Management dated February 28, 1995
filed as Exhibit (5)(b) to Post-Effective Amendment No. 8
filed April 12, 1995 and incorporated herein by reference.

(6) Distribution Contract dated March 23, 1990 filed as Exhibit(6)
to Post-Effective Amendment No. 9 filed October 13,1995 and
incorporated herein by reference.

(7) Not Applicable

(8) (a) Custodian Agreement with Investors Bank & Trust Company
dated December 19, 1990 filed as Exhibit (8) to Post-Effective
Amendment No. 9 filed October 13, 1995 and incorporated herein
by reference.
(b) Amendment dated September 20, 1995 to Master Custodian
Agreement filed herewith.

(9) Service Agreement dated February 1, 1996 between Wright Investors'
Service, Inc. and The Winthrop Corporation filed herewith.

(10) Not Applicable

(11) Consent of Independent Certified Public Accountants filed
herewith.

(12) Not Applicable

(13) Agreement with Wright Investors' Service in consideration of
providing initial capital dated December 20, 1989 filed as Exhibit
(13) to Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.

(14) Not Applicable

(15) (a) Amended Distribution Plan pursuant to Rule 12b-1 under the
Investment Company Act of 1940 dated July 7, 1993 filed as
Exhibit (15)(a) to Post-Effective Amendment No. 9 filed
October 13, 1995 and incorporated herein by reference.
(b) Agreement Relating to Implementation of the Amended
Distribution Plan dated July 7, 1993 filed as Exhibit (15)(b)
to Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.

(16) Schedule of Computation of Performance Quotations filed herewith.

(17) Power of Attorney dated September 20, 1995 filed as Exhibit (17)
to Post-Effective Amendment No. 9 filed October 13, 1995 and
incorporated herein by reference.

Item 25. Persons Controlled by or under Common Control with Registrant

Not Applicable
<PAGE>

Item 26. Number of Holders of Securities

Title of Class Number of Record Holders as of January 31, 1996
- -------------------------------------------------------------------------------

Shares of Beneficial Interest Wright EquiFund--Australasia............. -
Wright EquiFund--Austria................. -
Wright EquiFund--Belgium/Luxembourg...... 82
Wright EquiFund--Britain ................ 15
Wright EquiFund--Canada.................. -
Wright EquiFund--France.................. -
Wright EquiFund--Germany................. 55
Wright EquiFund--Hong Kong...............825
Wright EquiFund--Ireland................. -
Wright EquiFund--Japan...................315
Wright EquiFund--Mexico................1,114
Wright EquiFund--Netherlands.............215
Wright EquiFund--Nordic.................. 77
Wright EquiFund--Switzerland............. 83
Wright EquiFund--United States........... -
Wright EquiFund--Global.................. -
Wright EquiFund--International........... -

Item 27. Indemnification

The Registrant's By-Laws filed as Exhibit No. 2 to Post-Effective Amendment
No. 9 contain provisions limiting the liability, and providing for
indemnification, of the Trustees and officers under certain circumstances.

Registrant's Trustees and officers are insured under a standard investment
company errors and omissions insurance policy covering loss incurred by reason
of negligent errors and omissions committed in their capacities as such.

Item 28. Business and Other Connections of Investment Adviser

Reference is made to the information set forth under the captions "Officers and
Trustees" and "Investment Advisory and Administrative Services" in the Statement
of Additional Information, which information is incorporated herein by
reference.

Item 29. Principal Underwriter

(a) Wright Investors' Service Distributors, Inc. (a wholly-owned
subsidiary of The Winthrop Corporation) acts as principal
underwriter for each of the investment companies named below.

The Wright Managed Equity Trust
The Wright Managed Income Trust
The Wright Managed Blue Chip Series Trust
The Wright EquiFund Equity Trust
<PAGE>
<TABLE>

(b)
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address with Principal Underwriter with Registrant
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
A. M. Moody III* President Vice President and Trustee
Peter M. Donovan* Vice President and Treasurer President and Trustee
Vincent M. Simko* Vice President and Secretary None
- ----------------------------------------------------------------------------------------------------------------------
* Address is 1000 Lafayette Boulevard, Bridgeport, Connecticut 06604

</TABLE>

Item 30. Location of Accounts and Records

All applicable accounts, books and documents required to be maintained by the
Registrant by Section 31(a) of the Investment Company Act of 1940 and the Rules
promulgated thereunder are in the possession and custody of the registrant's
custodian, Investors Bank & Trust Company, 89 South Street, Boston, MA 02111,
and its transfer agent, First Data Investor Services Group, One Exchange Place,
Boston, MA 02104, with the exception of certain corporate documents and
portfolio trading documents which are either in the possession and custody of
the Registrant's administrator, Eaton Vance Management, 24 Federal Street,
Boston, MA 02110 or of the investment adviser, Wright Investors' Service, Inc.,
1000 Lafayette Boulevard, Bridgeport, CT 06604. Registrant is informed that all
applicable accounts, books and documents required to be maintained by registered
investment advisers are in the custody and possession of Registrant's
administrator, Eaton Vance Management, or of the investment adviser, Wright
Investors' Service, Inc.

Item 31. Management Services

Not Applicable

Item 32. Undertakings

(a) Registrant undertakes to comply with Section 16(c) of the Investment
Company Act of 1940, as amended, which relates to the assistance to be
rendered to shareholders by the Trustees of the Registrant in calling a
meeting of shareholders for the purpose of voting upon the question of
the removal of a trustee.

(b) The Registrant undertakes to file a post-effective amendment, using
financial statments which need not be certified, within four to six
months from the effective date of any prior post-effective amendment
which made effective the reigstration of shares of a series of the
Registrant and from the commencement of operations, unless such filing
on behalf of that series has already been made.

(c) The annual report also contains performance information and is
available to any recipient of the Prospectus upon request and without
charge by writing to the Wight Investors' Service Distributors, Inc.,
1000 Lafayette Boulevard, Bridgeport, Connecticut 06604.

<PAGE>

Signatures

Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this Amendment to
the Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Boston, and the Commonwealth of
Massachusetts on the 26th day of February, 1996.
THE WRIGHT EQUIFUND EQUITY TRUST

By: Peter M. Donovan*
----------------------------
Peter M. Donovan, President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment to the Registration Statement has been signed below by the following
persons in the capacities and on the 26th day of February, 1996.

SIGNATURE TITLE
- -------------------------------------------------------------------------

Peter M. Donovan* President, Principal
- ------------------
Peter M. Donovan Executive Officer & Trustee

James L. O'Connor* Treasurer, Principal
- ------------------
James L. O'Connor Financial and Accounting Officer

/s/ H. Day Brigham, Jr. Trustee
- ----------------------
H. Day Brigham, Jr.

Winthrop S. Emmet* Trustee
- -----------------
Winthrop S. Emmet

Leland Miles* Trustee
- -------------
Leland Miles

A. M. Moody III* Trustee
- ----------------
A. M. Moody III

Lloyd F. Pierce* Trustee
- ----------------
Lloyd F. Pierce

George R. Prefer* Trustee
- -----------------
George R. Prefer

Raymond Van Houtte* Trustee
- -------------------
Raymond Van Houtte

*By /s/ H. Day Brigham, Jr.
- ---------------------------
H. Day Brigham, Jr.
Attorney-in-Fact

<PAGE>

Exhibit Index

The following exhibits are filed as part of this amendment to the
Registration Statement pursuant to General Instructions E of form N-1A.

Page in
Sequential
Numbering
Exhibit No. Description System
- ------------- -------------- ------------

(1)(c) Amended and Restated Establishment
and Designation of Series
dated November 27, 1995

(8)(b) Amendment dated September 20, 1995 to
Master Custodian Agreement

(9) Service Agreement dated February 1, 1996
between Wright Investors' Service, Inc.
and The Winthrop Corporation

(11) Consent of Independent Certified Public Accountants

(16) Schedule of Computation of Performance Quotations

<PAGE>

EXHIBIT (1)(c)

THE WRIGHT EQUIFUND EQUITY TRUST

Amended and Restated
Establishment and Designation of Series of Shares
of Beneficial Interest, Without Par Value

WHEREAS, pursuant to an Amended and Restated Establishment and
Designation of Series dated April 13, 1995, the Trustees of The Wright EquiFund
Equity Trust, a Massachusetts business trust (the"Trust"), redesignated the
shares of beneficial interest of the Trust into nineteen separate series (or
Funds); and

WHEREAS, the Trustees now desire to terminate and liquidate two
separate series (or Funds), i.e. Wright EquiFund-Italy and Wright
EquiFund-Spain, pursuant to Section 1A of Article VI of the Declaration of
Trust.

NOW, THEREFORE, the undersigned, being at least a majority of the duly
elected and qualified Trustees presently in office of the Trust acting pursuant
to Section 1A of Article VI of the Declaration of Trust, hereby redivide the
shares of beneficial interest of the Trust into seventeen (17) separate series
(or Funds) of the Trust, each Fund to have the following special and relative
rights:

1. The Funds shall be designated as follows effective December 15, 1995:

Wright EquiFund-Australasia
Wright EquiFund-Austria
Wright EquiFund-Belgium/Luxembourg
Wright EquiFund-Britain
Wright EquiFund-Canada
Wright EquiFund-France
Wright EquiFund-Germany
Wright EquiFund-Global
Wright EquiFund-Hong Kong
Wright EquiFund-International
Wright EquiFund-Ireland
Wright EquiFund-Japan
Wright EquiFund-Mexico
Wright EquiFund-Netherlands
Wright EquiFund-Nordic
Wright EquiFund-Switzerland
Wright EquiFund-United States

2. Each Fund shall be authorized to invest in cash, securities,
instruments and other property as from time to time described in the Trust's
then currently effective registration statement under the Securities Act of 1933
and the Investment Company Act of 1940. Each share of beneficial interest of
each Fund ("share") shall be redeemable, shall be entitled to one vote (or
fraction thereof in respect of a fractional share) on matters on which shares of
that Fund shall be entitled to vote and shall represent a pro rata beneficial
interest in the assets allocated to that Fund, all as provided in the
Declaration of Trust. The proceeds of sales of shares of a Fund, together with
any income and gain thereon, less any diminution or expenses thereof, shall
irrevocably belong to that Fund, unless otherwise required by law. Each share of
a Fund shall be entitled to receive its pro rata share of net assets of that
Fund upon liquidation of that Fund.

<PAGE>

3. Shareholders of each Fund shall vote separately as a class to the
extent provided in Rule 18f-2, as from time to time in effect, under the
Investment Company Act of 1940, as amended.

4. The assets and liabilities of the Trust shall be allocated among the
above referenced Funds as set forth in Section 1A of Article VI of the
Declaration of Trust, except as provided below.

(a) Costs incurred by the Trust in connection with initial
organization and start-up, including Federal and state registration and
qualification fees and expenses of the initial offering of Trust shares, shall
be deferred and amortized over a period not to exceed five years from the date
of inception, and such initial costs shall be borne by the respective Funds of
the Trust, commencing with the date they are activated, on a basis that is
deemed equitable by the Trustees.

(b) The liabilities, expenses, costs, charges or reserves of
the Trust (other than the management and investment advisory fees or the
organizational expenses paid by the Trust) which are not readily identifiable as
belonging to any particular Fund shall be allocated among the Funds on an
equitable basis as determined by the Trustees.

(c) The Trustees may from time to time in particular cases
make specific allocation of assets or liabilities among the Funds.

5. A majority of the Trustees (including any successor Trustees) shall
have the right at any time and from time to time to reallocate assets and
expenses or to change the designation of any Fund now or hereafter created, or
to otherwise change the special and relative rights of any such Fund, and to
terminate any Fund or add additional Funds as provided in the Declaration of
Trust.

/s/ Peter M. Donovan /s/ A.M. Moody, III
- --------------------- ----------------------
Peter M. Donovan A. M. Moody, III

/s/ H. Day Brigham, Jr.
- -------------------------
H. Day Brigham, Jr. Lloyd F. Pierce

/s/ Winthrop S. Emmet /s/ George R. Prefer
- ------------------------ ----------------------
Winthrop S. Emmet George R. Prefer

/s/ Leland Miles /s/ Raymond Van Houtte
- -------------------- -----------------------
Leland Miles Raymond Van Houtte

Dated: November 27, 1995

<PAGE>

EXHIBIT(8)(b)

AMENDMENT TO
MASTER CUSTODIAN AGREEMENT
BETWEEN
WRIGHT MANAGED INVESTMENT FUNDS
AND
INVESTORS BANK & TRUST COMPANY

This Amendment, dated as of September 20, 1995, is made to the MASTER
CUSTODIAN AGREEMENT (the "Agreement") between each investment company advised by
Wright Investors' Service which has adopted the Agreement (the "Funds") and
Investors Bank & Trust Company (the "Custodian") pursuant to Section 10 of the
Agreement.

The Funds and the Custodian agree that Section 10 of the Agreement shall,
as of September 20, 1995, be amended to read as follows:

Unless otherwise defined herein, terms which are defined in the Agreement
and used herein are so used as so defined.

10. Effective Period, Termination and Amendment; Successor Custodian

This Agreement shall become effective as of its execution, shall continue
in full force and effect until terminated by either party after August 31, 2000
by an instrument in writing delivered or mailed, postage prepaid to the other
party, such termination to take effect not sooner than sixty (60) days after the
date of such delivery or mailing; provided, that the Fund may at any time by
action of its Board, (i) substitute another bank or trust company for the
Custodian by giving notice as described above to the Custodian in the event the
Custodian assigns this Agreement to another party without consent of the
noninterested Trustees of the Funds, or (ii) immediately terminate this
Agreement in the event of the appointment of a conservator or receiver for the
Custodian by the Federal Deposit Insurance Corporation or by the Banking
Commissioner of The Commonwealth of Massachusetts or upon the happening of a
like event at the direction of an appropriate regulatory agency or court of
competent jurisdiction. Upon termination of the Agreement, the Fund shall pay to
the Custodian such compensation as may be due as of the date of such termination
(and shall likewise reimburse the Custodian for its costs, expenses and
disbursements).

This Agreement may be amended at any time by the written agreement of the
parties hereto. If a majority of the non-interested trustees of any of the Funds
determines that the performance of the Custodian has been unsatisfactory or
adverse to the interests of shareholders of any Fund or Funds or that the terms
of the Agreement are no longer consistent with publicly available industry
standards, then the Fund or Funds shall give written notice to the Custodian of
such determination and the Custodian shall have 60 days to (1) correct such
performance to the satisfaction of the non-interested trustees or (2)
renegotiate terms which are satisfactory to the non-interested trustees of the
Funds. If the conditions of the preceding sentence are not met then the Fund or
Funds may terminate this Agreement on sixty (60) days written notice.

<PAGE>

The Board of the Fund shall, forthwith, upon giving or receiving notice of
termination of this Agreement, appoint as successor custodian, a bank or trust
company having the qualifications required by the Investment Company Act of 1940
and the Rules thereunder. The Bank, as Custodian, Agent or otherwise, shall,
upon termination of the Agreement, deliver to such successor custodian, all
securities then held hereunder and all funds or other properties of the Fund
deposited with or held by the Bank hereunder and all books of account and
records kept by the Bank pursuant to this Agreement, and all documents held by
the Bank relative thereto. In the event that no written order designating a
successor custodian shall have been delivered to the Bank on or before the date
when such termination shall become effective, then the Bank shall not deliver
the securities, funds and other properties of the Fund to the Fund but shall
have the right to deliver to a bank or trust company doing business in Boston,
Massachusetts of its own selection meeting the above required qualifications,
all funds, securities and properties of the Fund held by or deposited with the
Bank, and all books of account and records kept by the Bank pursuant to this
Agreement, and all documents held by the Bank relative thereto. Thereafter such
bank or trust company shall be the successor of the Custodian under this
Agreement.

Except as expressly provided herein, the Agreement shall remain unchanged
and in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first above
written.

THE WRIGHT MANAGED EQUITY TRUST
THE WRIGHT MANAGED INCOME TRUST
THE WRIGHT EQUIFUND EQUITY TRUST
THE WRIGHT MANAGED BLUE CHIP SERIES TRUST

By:/s/ James L. O'Connor
---------------------
Treasurer

INVESTORS BANK & TRUST COMPANY

By:/s/ Michael F. Rogers
----------------------

EXHIBIT (9)

THE WINTHROP CORPORATION
1000 LAFAYETTE BOULEVARD
BRIDGEPORT, CT 06604

February 1, 1996

Wright Investors' Service, Inc.
1000 Lafayette Boulevard
Bridgeport, CT 06604

Re: Service Agreement

Ladies and Gentlemen:

The Winthrop Corporation ("Winthrop") is the investment adviser to each
of the investment companies and series listed below (the "Funds") under
Investment Advisory Contracts between Winthrop and the Funds (the "Investment
Advisory Contracts").

NAME OF DATE OF INVESTMENT
TRUST AND FUND ADVISORY CONTRACT
---------------- -------------------
THE WRIGHT MANAGED INCOME TRUST
- --------------------------------------
Wright U.S. Treasury Money Market Fund April 1, 1991
Wright U.S. Treasury Fund December 21, 1987
Wright U.S. Treasury Near Term Fund December 21, 1987
Wright Total Return Bond Fund December 21, 1987
Wright Insured Tax Free Bond Fund December 21, 1987
Wright Current Income Fund December 21, 1987

THE WRIGHT MANAGED EQUITY TRUST
- --------------------------------------
Wright Quality Core Equities Fund December 21, 1987
Wright Selected Blue Chip Equities Fund December 21, 1987
Wright Junior Blue Chip Equities Fund December 21, 1987

<PAGE>

NAME OF DATE OF INVESTMENT
TRUST AND FUND ADVISORY CONTRACT
--------------- -------------------
Wright International Blue Chip Equities Fund December 21, 1987

THE WRIGHT EQUIFUND EQUITY TRUST
- -------------------------------------
Wright EquiFund-Australasia April 1, 1994
Wright EquiFund-Austria January 20, 1994
Wright EquiFund-Belgium/Luxembourg January 20, 1994
Wright EquiFund-Britain April 17, 1995
Wright EquiFund-Canada January 20, 1994
Wright EquiFund-France January 20, 1994
Wright EquiFund-Germany January 20, 1994
Wright EquiFund-Hong Kong August 25, 1994
Wright EquiFund-Ireland April 1, 1994
Wright EquiFund-Italy August 25, 1994
Wright EquiFund-Japan January 20, 1994
Wright EquiFund-Mexico April 1, 1994
Wright EquiFund-Netherlands August 25, 1994
Wright EquiFund-Nordic January 20, 1994
Wright EquiFund-Spain August 25, 1994
Wright EquiFund-Switzerland January 20, 1994
Wright EquiFund-United States April 1, 1994
Wright EquiFund-Global April 1, 1994
Wright EquiFund-International April 1, 1994

The Wright Managed
Blue Chip Series Trust
- -----------------------------
Wright Managed Money Market Portfolio August 10, 1993
Wright Government Obligations Portfolio August 10, 1993
Wright Near Term Bond Portfolio August 10, 1993
Wright Total Return Bond Portfolio August 10, 1993
Wright Selected Blue Chip Portfolio August 10, 1993
Wright International Blue Chip Portfolio August 10, 1993

<PAGE>

Subject to the approval of the Boards of Trustees of the Funds, Winthrop has
selected Wright Investors' Service, Inc., a wholly-owned subsidiary of Winthrop,
to provide portfolio management services for each Fund. You agree that you are
willing to provide such services for each Fund and, accordingly, Winthrop and
you agree as follows:

1. Portfolio Management Duties of Wright. Winthrop hereby employs
Wright to provide continuing and suitable portfolio management services to each
Fund and to manage the investment and reinvestment of the assets of each Fund,
subject to the supervision of Winthrop and the Trustees of each Fund, for the
period and on the terms set forth in this Agreement.

Wright hereby accepts such employment, and undertakes to afford to each
Fund the advice and assistance of Wright's organization in the choice of
investments and in the purchase and sale of securities for each Fund and to
furnish for the use of each Fund office space and all necessary office
facilities, equipment and personnel for servicing the investments of the Fund
and to pay the salaries and fees of all officers and Trustees of each Fund who
are members of Wright's organization and all personnel of Wright performing
services relating to research and investment activities. Wright shall for all
purposes herein be deemed to be an independent contractor and shall, except as
otherwise expressly provided or authorized, have no authority to act for or
represent any Fund in any way or otherwise be deemed an agent of any Fund.

Wright shall provide each Fund with such portfolio management services
and supervision as Winthrop may from time to time consider necessary for the
proper supervision of such Fund's investments. Wright shall furnish continuously
an investment program and shall determine from time to time what securities
shall be purchased, sold or exchanged and what portion of each Fund's assets
shall be held uninvested, subject always to the applicable restrictions of the
Fund's Declaration of Trust, By-Laws and registration statement under the
Investment Company Act of 1940, all as from time to time amended. Should the
Trustees of any Fund at any time, however, make any specific determination as to
investment policy for the Fund and notify Wright thereof in writing, Wright
shall be bound by such determination for the period, if any, specified in such
notice or until similarly notified that such determination has been revoked.
Wright shall take, on behalf of each Fund, all actions which it deems necessary
or desirable to implement the investment policies of the Fund.

<PAGE>

Wright shall place all orders for the purchase or sale of portfolio
securities for the account of each Fund with brokers or dealers or banks or
firms or other persons selected by Wright, and to that end Wright is authorized
as the agent of Winthrop and each Fund to give instructions to the custodian of
the Fund as to deliveries of securities and payment of cash for the account of
the Fund. In connection with the selection of such brokers or dealers or banks
or firms or other persons and the placing of such orders, Wright shall use its
best efforts to seek to execute security transactions at prices which are
advantageous to each Fund and (when a disclosed commission is being charged) at
reasonably competitive commission rates. In selecting brokers or dealers
qualified to execute a particular transaction, brokers or dealers may be
selected who also provide brokerage and research services (as those terms are
defined in Section 28(e) of the Securities Exchange Act of 1934) to Wright or
Winthrop and Wright is expressly authorized to pay any broker or dealer who
provides such brokerage and research services a commission for executing a
security transaction which is in excess of the amount of commission another
broker or dealer would have charged for effecting that transaction if Wright
determines in good faith that such amount of commission is reasonable in
relation to the value of the brokerage and research services provided by such
broker or dealer, viewed in terms of either that particular transaction or the
overall responsibilities which Wright and its affiliates have with respect to
accounts over which they exercise investment discretion. Subject to the
requirement set forth in the second sentence of this paragraph, Wright is
authorized to consider, as a factor in the selection of any broker or dealer
with whom purchase or sale orders may be placed, the fact that such broker or
dealer has sold or is selling shares of any Fund.

Wright shall not be responsible for providing certain administrative
services to any Fund under this Agreement. Eaton Vance Management, in its
capacity as Administrator of each Fund, shall be responsible for providing such
services to the Fund under the Fund's separate Administration Agreement with the
Administrator.

2. Compensation. For all services to be rendered and expenses paid or
assumed by you as herein provided, Winthrop will cause each Fund to pay you
monthly in arrears on the last business day of each month the entire amount of
the advisory fee that Winthrop is entitled to receive from such Fund.

<PAGE>

3. Allocation of Charges and Expenses. It is understood that each Fund
will pay all its expenses other than those expressly stated to be payable by
Wright hereunder, which expenses payable by each Fund shall include, without
implied limitation, (i) expenses of maintaining each Fund and continuing its
existence, (ii) registration for each Fund under the Invest- ment Company Act of
1940, (iii) commissions, fees and other expenses connected with the acquisition,
holding and disposition of securities and other investments, (iv) auditing,
accounting and legal expenses, (v) taxes and interest, (vi) governmental fees,
(vii) expenses of issue, sale and redemption of Fund shares, (viii) expenses of
registering and qualifying each Fund and its shares under federal and state
securities laws and of preparing and printing prospectuses for such purposes and
for distributing the same to shareholders and investors, and fees and expenses
of registering and maintaining registrations of each Fund and of its principal
underwriter, if any, as broker-dealer or agent under state securities laws, (ix)
expenses of reports and notices to shareholders and of meetings of shareholders
and proxy solicitations therefor, (x) expenses of reports to governmental
officers and commissions, (xi) insurance expenses, (xii) association membership
dues, (xiii) fees, expenses and disbursements of custodians and subcustodians
for all services to each Fund (including without limitation safekeeping of
funds, securities and other investments, keeping of books, accounts and records,
and determination of net asset values), (xiv) fees, expenses and disbursements
of transfer agents, dividend disbursing agents, shareholder servicing agents and
registrars for all services to each Fund, (xv) expenses for servicing the
accounts of shareholders, (xvi) any direct charges to shareholders approved by
the Trustees of a Fund, (xvii) all payments to be made and expenses to be
assumed by a Fund pursuant to any one or more distribution plans adopted by the
Fund pursuant to Rule 12b-1 under the Investment Company Act of 1940, (xviii)
compensation and expenses of Trustees of each Fund who are not members of
Wright's organization, (xvix) the administration fees payable by each Fund to
its Administrator, and (xx) such non-recurring items as may arise, including
expenses incurred in connection with litigation, proceedings and claims and the
obligation of each Fund to indemnify its Trustees, officers and shareholders
with respect thereto.

4. Other Interests. It is understood that Trustees, officers and
shareholders of each Fund are or may be or become interested in Wright as
directors, officers, employees, shareholders or otherwise and that directors,
officers, employees and shareholders of Wright are or may be or become
similarly interested in the Fund, and that Wright may be or become interested
in the Fund as a shareholder or otherwise. It is also

<PAGE>

understood that directors, officers, employees and shareholders of Wright may be
or become interested (as directors, trustees, officers, employees, shareholders
or otherwise) in other companies or entities (including, without limitation,
other investment companies) which Wright or Winthrop may organize, sponsor or
acquire, or with which Wright or Winthrop may merge or consolidate, and that
Wright or its affiliates may enter into advisory or management agreements or
other contracts or relationships with such other companies or entities.

5. Limitation of Liability of Wright. The services of Wright to
Winthrop and each Fund are not deemed to be exclusive, Wright being free to
render services to others and engage in other business activities. In the
absence of willful misfeasance, bad faith, gross negligence or reckless
disregard of obligations or duties hereunder on the part of Wright, Wright shall
not be subject to liability to Winthrop, any Fund or any shareholder for any act
or omission in the course of, or connected with, rendering services hereunder or
for any losses which may be sustained in the acquisition, holding or disposition
of any security or other investment.

6. Duration and Termination of this Agreement. This Agreement shall
become effective on February 1, 1996 and, unless terminated as herein provided,
shall remain in full force and effect through and including February 28, 1997
and shall continue in full force and effect as to each Fund indefinitely
thereafter, but only so long as such continuance after February 28, 1997 is
specifically approved at least annually (i) by the Board of Trustees of such
Fund or by vote of a majority of the outstanding voting securities of the Fund
and (ii) by the vote of a majority of those Trustees of such Fund who are not
interested persons of Winthrop, Wright or the Fund cast in person at a meeting
called for the purpose of voting on such approval.

Any Fund or either party hereto may, at any time on sixty (60) days'
prior written notice to the other, terminate this Agreement as to that Fund
without the payment of any penalty, by action of the Trustees of such Fund or
the directors of Winthrop or Wright, as the case may be, and each Fund may, at
any time upon such written notice to Winthrop or Wright, terminate this
Agreement as to that Fund by vote of a majority of the outstanding voting
securities of such Fund. This Agreement shall terminate automatically as to any
Fund in the event of its assignment or the assignment or termination of that
Fund's Investment Advisory Contract.

<PAGE>

7. Amendments of the Agreement. This Agreement may be amended by a
writing signed by both parties hereto, provided that no amendment to this
Agreement shall be effective as to any Fund until approved (i) by the vote of a
majority of those Trustees of that Fund who are not interested persons of
Winthrop, Wright or such Fund cast in person at a meeting called for the purpose
of voting on such approval, and (ii) by vote of a majority of the outstanding
voting securities of such Fund.

8. Limitation of Liability. Wright expressly acknowledges the provision
in the Declaration of Trust of each Fund limiting the personal liability of the
Trustees and officers of the Fund, and Wright hereby agrees that it shall not
have recourse to or seek satisfaction from any Trustee, officer or shareholder
of the Fund for payment of claims or obligations as between the Fund and Wright.
No Fund shall be liable for the obligations of any other Fund.

9. Certain Definitions. The terms "assignment" and "interested persons"
when used herein shall have the respective meanings specified in the Investment
Company Act of 1940 as now in effect or as hereafter amended subject, however,
to such exemptions as may be granted by the Securities and Exchange Commission
by any rule, regulation or order. The term "vote of a majority of the
outstanding voting securities" shall mean the vote, at a meeting of a Fund's
shareholders, of the lesser of (a) 67 per centum or more of the shares of such
Fund present or represented by proxy at the meeting if the shareholders of more
than 50 per centum of the outstanding shares of the Fund are present or
represented by proxy at the meeting, or (b) more than 50 per centum of the
outstanding shares of the Fund. The terms "shareholders" and "shares" when used
herein shall have the respective meaning specified in the Declaration of Trust
of each Fund.

10. Responsibility of Winthrop. Notwithstanding this Agreement,
Winthrop shall remain ultimately responsible for all of its obligations under
the Investment Advisory Contracts.

11. Miscellaneous. The captions in this Agreement are included for
convenience of reference only and in no way define or limit any of the
provisions hereof or otherwise affect their construction or effect. This
Agreement may be executed simultaneously in two or more counterparts, each of
which shall be deemed

<PAGE>

an original, but all of which together shall constitute one and the same
instrument.

Very truly yours,

THE WINTHROP CORPORATION

By:/s/Peter M. Donovan
----------------------

The foregoing Agreement is hereby agreed to as of the date hereof.

WRIGHT INVESTORS' SERVICE, INC.

By:/s/Judith Corchard
-------------------

EXHIBIT 11

Independent Auditors' Consent

We consent to the incorporation by reference in this Post-Effective
Amendment No.10 to the Registration Statement (1933 Act File No. 33-30085) of
The Wright EquiFund Equity Trust of our report dated February 2, 1996 and to the
reference to us under the heading "Financial Highlights" appearing in the
Prospectus which is part of such Registration Statement.

DELOITTE & TOUCHE LLP

Boston, Massachusetts
February 26, 1996

EXHIBIT 16

Schedule for Computation of Performance Quotations

The average annual total return will be calculated using the following
formula:

P ( 1 + T )n = ERV

where: P = A hypothetical initial payment of $1,000
T = Average annual total return
n = Number of years

ERV = Ending redeemable value of a hypothetical $1,000 payment at the
end of the period.

Each Fund's yield is computed by dividing its net investment income per
share earned during a recent 30-day period by the product of the average daily
number of shares outstanding and entitled to receive dividends during the period
and the maximum offering price per share on the last day of the period. The
results are compounded on a bond equivalent (semi-annual) basis and then they
are annualized. Net investment income per share is equal to the Fund's dividends
and interest earned during the period, reduced by accrued expenses for the
period.

The yield earned by the Fund will be calculated using the following
formula:

Yield = 2 [( a--b + 1) 6 + 1]
----
cd

Where:
a = dividends and interest earned during the period.
b = expenses accrued for the period (after reductions).
c = the average daily number of shares outstanding during the
period that were entitled to receive dividends.
d = the maximum offering price per share on the last day of the
period.

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 5
<NAME> WRIGHT EQUIFUND - BELGIUM/LUXEMBOURG

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,710,191
<INVESTMENTS-AT-VALUE> 14,780,722
<RECEIVABLES> 84,210
<ASSETS-OTHER> 6,837
<OTHER-ITEMS-ASSETS> 10,684
<TOTAL-ASSETS> 14,882,453
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 129,578
<TOTAL-LIABILITIES> 129,578
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,645,616
<SHARES-COMMON-STOCK> 1,228,016
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 62,393
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (24,774)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,069,640
<NET-ASSETS> 14,752,875
<DIVIDEND-INCOME> 487,722
<INTEREST-INCOME> 0
<OTHER-INCOME> (68,261)
<EXPENSES-NET> 209,798
<NET-INVESTMENT-INCOME> 209,663
<REALIZED-GAINS-CURRENT> 357,022
<APPREC-INCREASE-CURRENT> 1,933,707
<NET-CHANGE-FROM-OPS> 2,500,392
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 60,821
<DISTRIBUTIONS-OF-GAINS> 291,155
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 928,016
<NUMBER-OF-SHARES-REDEEMED> 847,368
<SHARES-REINVESTED> 29,949
<NET-CHANGE-IN-ASSETS> 3,316,040
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 103,043
<INTEREST-EXPENSE> 1,110
<GROSS-EXPENSE> 241,867
<AVERAGE-NET-ASSETS> 13,600,324
<PER-SHARE-NAV-BEGIN> 10.24
<PER-SHARE-NII> 0.156
<PER-SHARE-GAIN-APPREC> 1.904
<PER-SHARE-DIVIDEND> (0.050)
<PER-SHARE-DISTRIBUTIONS> (0.240)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.01
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 10
<NAME> WRIGHT EQUIFUND - BRITAIN

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,521,140
<INVESTMENTS-AT-VALUE> 13,118,483
<RECEIVABLES> 127,537
<ASSETS-OTHER> 15,486
<OTHER-ITEMS-ASSETS> 732,173
<TOTAL-ASSETS> 13,993,679
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61,653
<TOTAL-LIABILITIES> 61,653
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,238,183
<SHARES-COMMON-STOCK> 1,339,845
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (18,591)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 114,839
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 597,595
<NET-ASSETS> 13,932,026
<DIVIDEND-INCOME> 528,656
<INTEREST-INCOME> 0
<OTHER-INCOME> (77,996)
<EXPENSES-NET> 138,946
<NET-INVESTMENT-INCOME> 311,714
<REALIZED-GAINS-CURRENT> 812,736
<APPREC-INCREASE-CURRENT> 597,595
<NET-CHANGE-FROM-OPS> 1,722,045
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 189,522
<DISTRIBUTIONS-OF-GAINS> 701,234
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,951,985
<NUMBER-OF-SHARES-REDEEMED> 699,716
<SHARES-REINVESTED> 87,576
<NET-CHANGE-IN-ASSETS> 13,932,026
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 83,324
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 175,816
<AVERAGE-NET-ASSETS> 15,918,664
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.213
<PER-SHARE-GAIN-APPREC> 0.892
<PER-SHARE-DIVIDEND> (0.150)
<PER-SHARE-DISTRIBUTIONS> (0.555)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.40
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 11
<NAME> WRIGHT EQUIFUND - GERMANY

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 17,511,208
<INVESTMENTS-AT-VALUE> 16,358,866
<RECEIVABLES> 80,387
<ASSETS-OTHER> 15,476
<OTHER-ITEMS-ASSETS> 96,623
<TOTAL-ASSETS> 16,551,352
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132,392
<TOTAL-LIABILITIES> 132,392
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,777,513
<SHARES-COMMON-STOCK> 1,776,677
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 29,832
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (235,322)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,153,063)
<NET-ASSETS> 16,418,960
<DIVIDEND-INCOME> 269,541
<INTEREST-INCOME> 0
<OTHER-INCOME> (26,954)
<EXPENSES-NET> 142,060
<NET-INVESTMENT-INCOME> 100,527
<REALIZED-GAINS-CURRENT> (234,821)
<APPREC-INCREASE-CURRENT> (1,153,063)
<NET-CHANGE-FROM-OPS> (1,287,357)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 89,834
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,186,344
<NUMBER-OF-SHARES-REDEEMED> 4,107,984
<SHARES-REINVESTED> 88,544
<NET-CHANGE-IN-ASSETS> 16,418,960
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 82,313
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 175,648
<AVERAGE-NET-ASSETS> 15,748,112
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.073
<PER-SHARE-GAIN-APPREC> (0.783)
<PER-SHARE-DIVIDEND> (0.050)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.24
<EXPENSE-RATIO> 1.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 3
<NAME> WRIGHT EQUIFUND - HONG KONG

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 23,955,880
<INVESTMENTS-AT-VALUE> 24,065,783
<RECEIVABLES> 358,773
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,182,642
<TOTAL-ASSETS> 25,607,198
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 207,867
<TOTAL-LIABILITIES> 207,867
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,379,524
<SHARES-COMMON-STOCK> 1,949,893
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 789,586
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,879,695)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 109,916
<NET-ASSETS> 25,399,331
<DIVIDEND-INCOME> 1,479,089
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 430,335
<NET-INVESTMENT-INCOME> 1,048,754
<REALIZED-GAINS-CURRENT> (3,864,758)
<APPREC-INCREASE-CURRENT> 4,520,511
<NET-CHANGE-FROM-OPS> 1,704,507
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 384,817
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,282,631
<NUMBER-OF-SHARES-REDEEMED> 10,873,290
<SHARES-REINVESTED> 28,862
<NET-CHANGE-IN-ASSETS> 5,720,618
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 241,428
<INTEREST-EXPENSE> 14,813
<GROSS-EXPENSE> 511,142
<AVERAGE-NET-ASSETS> 31,038,392
<PER-SHARE-NAV-BEGIN> 13.02
<PER-SHARE-NII> 0.368
<PER-SHARE-GAIN-APPREC> (0.158)
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.03
<EXPENSE-RATIO> 1.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 6
<NAME> WRIGHT EQUIFUND - JAPAN

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 21,134,213
<INVESTMENTS-AT-VALUE> 21,294,052
<RECEIVABLES> 212,395
<ASSETS-OTHER> 5,797
<OTHER-ITEMS-ASSETS> 250,927
<TOTAL-ASSETS> 21,763,171
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132,188
<TOTAL-LIABILITIES> 132,188
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,219,432
<SHARES-COMMON-STOCK> 2,462,643
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 970
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,748,903)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 159,484
<NET-ASSETS> 21,630,983
<DIVIDEND-INCOME> 154,248
<INTEREST-INCOME> 0
<OTHER-INCOME> (23,137)
<EXPENSES-NET> 239,630
<NET-INVESTMENT-INCOME> (108,519)
<REALIZED-GAINS-CURRENT> (1,732,840)
<APPREC-INCREASE-CURRENT> 592,836
<NET-CHANGE-FROM-OPS> (1,248,523)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,210,094
<NUMBER-OF-SHARES-REDEEMED> 3,643,659
<SHARES-REINVESTED> 121
<NET-CHANGE-IN-ASSETS> 12,978,175
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 120,678
<INTEREST-EXPENSE> 4,349
<GROSS-EXPENSE> 291,316
<AVERAGE-NET-ASSETS> 16,164,481
<PER-SHARE-NAV-BEGIN> 9.66
<PER-SHARE-NII> (0.045)
<PER-SHARE-GAIN-APPREC> (0.835)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.78
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 9
<NAME> WRIGHT EQUIFUND - MEXICO

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 27,700,973
<INVESTMENTS-AT-VALUE> 27,405,460
<RECEIVABLES> 1,607,807
<ASSETS-OTHER> 12,345
<OTHER-ITEMS-ASSETS> 4,650,838
<TOTAL-ASSETS> 33,676,450
<PAYABLE-FOR-SECURITIES> 554,713
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 628,695
<TOTAL-LIABILITIES> 1,183,408
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,386,102
<SHARES-COMMON-STOCK> 7,702,888
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (16,890)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,578,811)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (297,359)
<NET-ASSETS> 32,493,042
<DIVIDEND-INCOME> 219,276
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 311,418
<NET-INVESTMENT-INCOME> (92,142)
<REALIZED-GAINS-CURRENT> (9,414,919)
<APPREC-INCREASE-CURRENT> 6,179,863
<NET-CHANGE-FROM-OPS> (3,327,198)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (67,814)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,209,779
<NUMBER-OF-SHARES-REDEEMED> 13,619,950
<SHARES-REINVESTED> 40,963
<NET-CHANGE-IN-ASSETS> 19,070,696
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167,535
<INTEREST-EXPENSE> 17,595
<GROSS-EXPENSE> 384,563
<AVERAGE-NET-ASSETS> 22,171,482
<PER-SHARE-NAV-BEGIN> 6.48
<PER-SHARE-NII> (0.012)
<PER-SHARE-GAIN-APPREC> (2.175)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.073)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.22
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 1
<NAME> WRIGHT EQUIFUND - NETHERLANDS

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 6,582,888
<INVESTMENTS-AT-VALUE> 7,110,579
<RECEIVABLES> 31,723
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 115,412
<TOTAL-ASSETS> 7,257,714
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,177
<TOTAL-LIABILITIES> 40,177
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,714,019
<SHARES-COMMON-STOCK> 839,843
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (6,083)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,425)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 528,026
<NET-ASSETS> 7,217,537
<DIVIDEND-INCOME> 144,040
<INTEREST-INCOME> 0
<OTHER-INCOME> (21,530)
<EXPENSES-NET> 130,933
<NET-INVESTMENT-INCOME> (8,423)
<REALIZED-GAINS-CURRENT> 728,331
<APPREC-INCREASE-CURRENT> 165,219
<NET-CHANGE-FROM-OPS> 885,127
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 742,515
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,330,209
<NUMBER-OF-SHARES-REDEEMED> 1,064,497
<SHARES-REINVESTED> 86,191
<NET-CHANGE-IN-ASSETS> 3,266,919
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,082
<INTEREST-EXPENSE> 4,944
<GROSS-EXPENSE> 160,610
<AVERAGE-NET-ASSETS> 6,378,179
<PER-SHARE-NAV-BEGIN> 8.10
<PER-SHARE-NII> (0.004)
<PER-SHARE-GAIN-APPREC> 1.490
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.996)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.59
<EXPENSE-RATIO> 2.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 7
<NAME> WRIGHT EQUIFUND - NORDIC

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 3,076,400
<INVESTMENTS-AT-VALUE> 3,458,503
<RECEIVABLES> 31,491
<ASSETS-OTHER> 5,797
<OTHER-ITEMS-ASSETS> 27,489
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,975
<TOTAL-LIABILITIES> 18,975
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,382,161
<SHARES-COMMON-STOCK> 309,300
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 21,558
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (281,633)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 382,219
<NET-ASSETS> 3,504,305
<DIVIDEND-INCOME> 91,719
<INTEREST-INCOME> 0
<OTHER-INCOME> (13,758)
<EXPENSES-NET> 72,558
<NET-INVESTMENT-INCOME> 5,403
<REALIZED-GAINS-CURRENT> 84,767
<APPREC-INCREASE-CURRENT> 433,264
<NET-CHANGE-FROM-OPS> 523,434
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 474,832
<NUMBER-OF-SHARES-REDEEMED> 1,083,870
<SHARES-REINVESTED> 1,372
<NET-CHANGE-IN-ASSETS> (5,207,593)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27,207
<INTEREST-EXPENSE> 1,645
<GROSS-EXPENSE> 117,480
<AVERAGE-NET-ASSETS> 3,726,158
<PER-SHARE-NAV-BEGIN> 9.50
<PER-SHARE-NII> 0.072
<PER-SHARE-GAIN-APPREC> 1.808
<PER-SHARE-DIVIDEND> (0.050)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> 2.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
<NUMBER> 8
<NAME> WRIGHT EQUIFUND - SWITZERLAND

<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 7,328,686
<INVESTMENTS-AT-VALUE> 7,761,809
<RECEIVABLES> 66,188
<ASSETS-OTHER> 6,727
<OTHER-ITEMS-ASSETS> 14,280
<TOTAL-ASSETS> 7,849,004
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<OTHER-ITEMS-LIABILITIES> 220,749
<TOTAL-LIABILITIES> 220,749
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,217,307
<SHARES-COMMON-STOCK> 687,291
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 9,591
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (32,131)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 433,488
<NET-ASSETS> 7,628,255
<DIVIDEND-INCOME> 218,637
<INTEREST-INCOME> 0
<OTHER-INCOME> (29,129)
<EXPENSES-NET> 139,489
<NET-INVESTMENT-INCOME> 50,019
<REALIZED-GAINS-CURRENT> 233,699
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<NET-CHANGE-FROM-OPS> 803,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 35,313
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,486,951
<NUMBER-OF-SHARES-REDEEMED> 1,206,939
<SHARES-REINVESTED> 3,123
<NET-CHANGE-IN-ASSETS> 3,815,720
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52,298
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<GROSS-EXPENSE> 166,836
<AVERAGE-NET-ASSETS> 6,691,773
<PER-SHARE-NAV-BEGIN> 9.43
<PER-SHARE-NII> 0.060
<PER-SHARE-GAIN-APPREC> 1.660
<PER-SHARE-DIVIDEND> (0.050)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.10
<EXPENSE-RATIO> 2.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>