Nasdaq Broadens Criteria for Inclusion in Mutual Fund Quotation Service

Washington, DC, January 3, 1997 - The Securities and Exchange Commission has approved Nasdaq's proposal to broaden the inclusion criteria for the Supplemental List of Nasdaq's Mutual Fund Quotation Service (MFQS). MFQS is the service through which Nasdaq disseminates mutual fund prices on a daily basis. The new criteria for funds to be listed on the MFQS Supplemental List will be either $10 million in assets under management or 2 full years of continuous operation.

Nasdaq expects these new criteria to enable a significant number of presently unlisted funds and fund share classes to gain access to MFQS. Applications for funds and fund share classes which are eligible for listing under the new criteria will be accepted by Nasdaq starting February 3, 1997.