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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE MICHAEL QUAIN
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from
form N-SAR for the period ended April 30,1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Julius Baer International Equity Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 53,727,768
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<OVERDISTRIBUTION-GAINS> 0
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<EXPENSES-NET> 622,206
<NET-INVESTMENT-INCOME> (301,886)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from
form N-SAR for the period ended April 30,1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Julius Baer Global Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 16,286,735
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<SHARES-COMMON-PRIOR> 1,248,207
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (100,087)
<ACCUMULATED-NET-GAINS> (386,595)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (152,012)
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<NET-INVESTMENT-INCOME> 316,897
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<APPREC-INCREASE-CURRENT> (542,365)
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<DISTRIBUTIONS-OF-INCOME> (314,239)
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<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> (154,904)
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</TABLE>
Purchasing Portfolio: JULIUS BAER INTERNATIONAL EQUITY FUND
FORM FOR COMPLIANCE WITH
SECTION 10(f) UNDER THE
INVESTMENT COMPANY ACT OF 1940
- -------------------------------------------------------------------------------
- --------------------------------------------------------
Security Description: FORTUM OYJ
Seller: Morgan Stanley Dean Witter, Warburg Dillon Read
Date of Purchase (and settlement, if different): 12/10/98 (12/17/98)
Maturity Date: N/A
Interest Rate: N/A
Number and Value of Securities Purchased: 10,000 Shares @ FIM 32;
Total: FIM 320,000
Aggregate Number and Value of Securities Offered: 160,000,000 Shares @FIM 32;
Total:FIM 5,120,000,000
The securities are (i) part of registered public offering, or (ii) Eligible
Municipal Securities, or (iii) securities sold in an Eligible Foreign Offering,
or (iv) securities sold in an Eligible Rule 144A Offering. (Circle item number
that applies.)
YES NO
_X__
- -----
The securities are purchased prior to the end of the first day on which any
sales are made, at a price that is not more than the price paid by each other
purchaser of securities in that offering or in any concurrent offering of the
securities (except, in the case of an Eligible Foreign Offering, for any rights
to purchase that are required by law to be granted to existing security holders
of the issuer.
YES NO
_X__
- -----
If the securities are offered for subscription upon exercise of rights,
the securities
are being purchased on or before the fourth day preceding the day on which the
rights
offering terminates.
YES NO
_ N/A_
- -----
If the securities to be purchased are part of a registered public offering or
are purchased pursuant to an Eligible Foreign Offering or an Eligible Rule 144A
Offering, the issuer of the securities has been in continuous operation for not
less than three years, including the operations of any predecessors. __X___
YES NO
_X__
- -----
The securities are offered in a firm commitment underwriting.
YES NO
_X__
- -----
The commission, spread or profit received or to be received by the principal
underwriters is reasonable and fair compared to the commission, spread or profit
received by other such persons in connection with the underwriting of similar
securities being sold during a comparable period of time.
YES NO
_X__
- -----
The securities purchased (in the aggregate for all investment companies advised
by the Adviser) do not exceed: (i) if purchased in an offering other than an
Eligible Rule 144A Offering, 25% of the principal amount of the offering of such
class; or (ii) if purchased in an Eligible Rule 144A Offering, 25% of the total
of: (A) the principal amount of the offering of such class sold by underwriters
or members of the selling syndicate to qualified institutional buyers, plus (B)
the principal amount of the offering of such class in any concurrent public
offering.
YES NO
_X__
- -----
The securities are not being purchased directly or indirectly from an officer,
director, member of an advisory board, investment adviser or employee of the
Affiliated Underwriter or from a person of which any such officer, director,
member of the advisory board, investment adviser or employee is an affiliated
person, and if the seller is a syndicate manager, none of the foregoing will
receive any credit, compensation, allocation, or other benefit from the
transaction.
YES NO
_X__
- -----
__12-10-98___________ ___Riad Younes__________
Date Portfolio Manager and Trader
