A Return-Based Classification

The database below classifies all U.S. equity mutual funds by a new methodology that captures fundamental differences in managerial style. This new style classification method is based upon a quantitative analysis of historical fund returns through October, 1995. A full description of the Generalized Stylistic Classification procedure [GSC] is discussed in the working paper, "Mutual Fund Styles" by Stephen J. Brown and William N. Goetzmann. An in-depth discussion of our styles research may be found in the July 15, 1995 edition of The Economist. The GSC technology divides mutual fund managers into a few meaningful categories of behavior. It identifies traditional behavior such as growth-oriented vs. value-oriented strategies. In addition, it groups managers acording to active, dynamic investment decisions. Our GSC styles loosely correspond to the traditional manager objective classifications used by the mutual fund industry -- with one major major difference. Our classifications sometimes dramatically disagree with the industry fund classifications. For instance, many of the managers who self-classify as "Growth" we find to be members of different categories [See Figure 1].

One way to characterize a style is to estimate its exposure to different financial market factors. Each of our GSC styles has its own particular sensitivity to passive investment indices. Figure 2 shows the average (positive constrained) portfolio weights for the eight GSC styles, with respect to commonly observed indices such as the S&P 500 and T-Bills. How well do the GSC styles perform? Our tests show that the GSC classification provides a superior forecast of future differences in manager performance.

These stylistic classifications are produced for academic research purposes only. Please read the above working paper before considering the use or application of this information for any other purpose. The names of these categories are solely our own. They are not based upon any information gathered from the mutual funds themselves or from mutual fund data vendors. They are based solely upon monthly total return data. This data is also searchable alhpabetically by fund name.


Category 1: "Growth and Income" Comprised primarily of Morningstar "Growth" and "Growth and Income" funds, Category 1 funds have the highest positive weights of any category on the S&P 500. They invest in relatively high-cap. companies.

Category 2: "Growth" comprised primarily of Morningstar "Growth" funds, Category 3 funds have a major exposure to the S&P 500 and to a lesser extent, small stocks. Their exposure to debt asset classes is minor.

Category 3: "Income" Comprised primarily of Morningstar "Equity Income","Growth and Income" and "Utility Sector" categories, Category 2 funds have the highest cash balances and the highest exposure to debt asset classes.

Category 4: "Value" Comprised mostly of "Small-Cap" funds, this category seeks stocks with low price to book and low price earnings ratios. This is consistent with value management.

Category 5: "Global Timing" Invest principally in non-US equities, however they pursue a dynamic strategy of increasing exposure to the U.S. market when it rises and the variability of this U.S. exposure suggests a timing strategy.

Category 6: "Glamour" is comprised primarily of Morningstar "Growth" and "Small Company" funds. Category 4 funds have a major exposure to the small stock. The equities in the typical portfolio have relatively high price-to-book and P/E ratios, and high ex post five year earnings growth. These are also domestic "trend-chasers," displaying positive correlation to preceding S&P index returns.

Category 7: "International" Global equity managers who are not strongly exposed to the U.S. market through time, but do appear to vary their exposure to European and Pacific markets considerably.

Category 8: "Metal Funds" Comprised entirely of funds from the "Precious Metals and Commodities" Morningstar category.


Category 1: Growth and Income


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

20th Century Equity-Income                         1    Equity-Inc
20th Century Value                                 1    Growth-Inc
AAL Capital Growth                                 1      Growth
ABT Growth & Income                                1    Growth-Inc
Accessor Growth                                    1      Growth
Addison Capital Shares                             1    Growth-Inc
Advantage Growth                                   1      Growth
Aetna Growth & Income Adv                          1    Growth-Inc
Aetna Growth & Income Sel                          1    Growth-Inc
Affiliated                                         1    Growth-Inc
AHA Diversified Equity                             1      Growth
Alliance Counterpoint A                            1      Growth
Alliance Growth & Income A                         1    Growth-Inc
Alliance Growth & Income B                         1    Growth-Inc
Ambassador Indexed Stk Ret A                       1    Growth-Inc
Ambassador Indexed Stock Fid                       1    Growth-Inc
Ambassador Indexed Stock Inv                       1    Growth-Inc
Amcore Vintage Equity                              1      Growth
American AAdvant Gr&Inc Inst                       1    Growth-Inc
American AAdvant Gr&Inc Milg                       1    Growth-Inc
American Cap Comstock A                            1    Growth-Inc
American Cap Comstock B                            1    Growth-Inc
American Cap Comstock C                            1    Growth-Inc
American Cap Exchange                              1      Growth
American Cap Growth & Inc A                        1    Growth-Inc
American Leaders B                                 1    Growth-Inc
American Leaders C                                 1    Growth-Inc
American Leaders Fort                              1    Growth-Inc
American Perform Equity                            1      Growth
AmSouth Equity                                     1      Growth
Amway Mutual                                       1      Growth
Anthem Growth & Income                             1    Growth-Inc
Aquinas Equity Income                              1    Equity-Inc
Arch Emerging Growth Instl                         1      Growth
Arch Growth & Income Instl                         1    Growth-Inc
Arch Growth & Income Inv                           1    Growth-Inc
Arrow Equity                                       1      Growth
Atlas Growth & Income A                            1    Growth-Inc
Atlas Strategic Growth A                           1      Growth
Atlas Strategic Growth B                           1      Growth
A+F Large Cap                                      1    Growth-Inc
Babson Growth                                      1      Growth
Babson Value                                       1    Growth-Inc
Baird Blue Chip                                    1    Growth-Inc
BB&T Growth & Inc Stock Inv                        1    Growth-Inc
BB&T Growth & Inc Stock Tr                         1    Growth-Inc
Beacon Hill Mutual                                 1      Growth
Benchmark Equity Index A                           1      Growth
Benham Equity Growth                               1      Growth
Benham Income & Growth                             1    Growth-Inc
Biltmore Equity                                    1    Growth-Inc
Biltmore Equity Index                              1    Growth-Inc
Biltmore Quantitative Equity                       1      Growth
Bramwell Growth                                    1      Growth
Brenton Value Equity                               1      Growth
Brinson U.S. Equity                                1    Growth-Inc
Brundage, Story&Rose Gr&Inc                        1    Growth-Inc
BT Instl Equity 500 Index                          1    Growth-Inc
BT Investment Equity 500 Idx                       1      Growth
California Invmt S&P 500 Idx                       1    Growth-Inc
Cambridge Capital Growth A                         1      Growth
Cambridge Capital Growth B                         1      Growth
Capital Exchange                                   1    Growth-Inc
Capital Market Index                               1    Growth-Inc
Capital Value Equity Init                          1      Growth
Capital Value Equity Sel                           1      Growth
Cardinal                                           1    Growth-Inc
Centurion T.A.A.                                   1      Growth
Century Shares                                     1    Sp. Financ
CharterCapital Blue Chip                           1      Growth
Chubb Growth & Income                              1    Growth-Inc
Colonial U.S. Fund for GrthA                       1      Growth
Colonial U.S. Fund for GrthB                       1      Growth
Colonial U.S. Fund for GrthD                       1      Growth
Columbia Common Stock                              1    Growth-Inc
Common Sense Growth & Income                       1    Growth-Inc
Common Sense II Growth A                           1      Growth
Common Sense II Growth B                           1      Growth
Common Sense II Grth & Inc A                       1    Growth-Inc
Common Sense II Grth & Inc B                       1    Growth-Inc
Compass Cap Equity-Income                          1    Equity-Inc
Composite Growth & Income A                        1    Growth-Inc
Composite Growth & Income B                        1    Growth-Inc
Connecticut Mutual Growth                          1      Growth
CoreFund Equity Index A                            1    Growth-Inc
CrestFunds Value Inv                               1    Growth-Inc
CrestFunds Value Tr                                1    Growth-Inc
CT&T Growth & Income                               1    Growth-Inc
Cutler Approved List Equity                        1    Growth-Inc
Cutler Equity-Income                               1    Equity-Inc
Dean Witter Dividend Growth                        1    Growth-Inc
Dean Witter Natural Res Dev                        1  Sp. Nat. Res.
Dean Witter Value-Add Mkt Eq                       1    Growth-Inc
Delaware Decatur Income B                          1    Equity-Inc
Delaware Decatur Income Inst                       1    Equity-Inc
Delaware Decatur T/R B                             1    Growth-Inc
Delaware Dividend Grth A                           1    Growth-Inc
Depositors Fund of Boston                          1    Growth-Inc
DFA U.S. Large Company                             1    Growth-Inc
DG Equity                                          1      Growth
Diversification                                    1    Growth-Inc
Dodge & Cox Stock                                  1    Growth-Inc
Domini Social Equity                               1    Growth-Inc
Dreman Contrarian                                  1      Growth
Dreman High Return                                 1    Growth-Inc
Dreyfus                                            1    Growth-Inc
Dreyfus Core Value Instl                           1      Growth
Dreyfus Core Value Inv                             1      Growth
Dreyfus Disc Stock R                               1    Growth-Inc
Dreyfus Focus Large Co Value                       1      Growth
Dreyfus S&P 500 Stock R                            1      Growth
Dreyfus-Wilshire Lrg Co Grth                       1      Growth
EBI Equity                                         1    Growth-Inc
Elfun Trusts                                       1      Growth
EV Traditional Stock                               1    Growth-Inc
Evergreen Growth & Income Y                        1    Growth-Inc
Exchange Fund of Boston                            1    Growth-Inc
Executive Investors Blue Chp                       1    Growth-Inc
Exeter Equity                                      1      Growth
FBL Blue Chip                                      1    Growth-Inc
FBP Contrarian Equity                              1      Growth
Federated Exchange                                 1      Growth
Federated Max-Cap Instl                            1    Growth-Inc
Federated Stock                                    1    Growth-Inc
FFB Equity                                         1      Growth
FFB Lexicon Captl Appr Instl                       1      Growth
Fidelity                                           1    Growth-Inc
Fidelity Adv Equity Income B                       1    Equity-Inc
Fidelity Adv Global Resrc A                        1  Sp. Nat. Res.
Fidelity Congress Street                           1    Growth-Inc
Fidelity Contrafund                                1      Growth
Fidelity Exchange                                  1      Growth
Fidelity Growth & Income                           1    Growth-Inc
Fidelity Market Index                              1    Growth-Inc
Fidelity Sel Energy Service                        1  Sp. Nat. Res.
Fidelity Sel Food & Agricult                       1  Sp. Unaligned
Fidelity Sel Paper&Forest Pr                       1  Sp. Nat. Res.
Fidelity Sel Telecommun                            1     Sp. Util
Fidelity U.S. Equity Index                         1    Growth-Inc
Fidelity Value                                     1      Growth
Fiduciary Exchange                                 1    Growth-Inc
First American Divers Grth A                       1      Growth
First American Equity Indx A                       1    Growth-Inc
First American Equity Indx B                       1    Growth-Inc
First American Equity Indx C                       1    Growth-Inc
First American Stock A                             1    Growth-Inc
First American Stock B                             1    Growth-Inc
First American Stock C                             1    Growth-Inc
First Funds Tot Ret Eqty I                         1      Growth
First Funds Tot Ret Eqty III                       1      Growth
First Invest Blue Chip A                           1    Growth-Inc
First Invest Growth & Inc A                        1    Growth-Inc
First Omaha Equity                                 1      Growth
First Priority Equity Invmt                        1    Growth-Inc
First Priority Equity Tr                           1    Growth-Inc
First Union Value A Invmt                          1      Growth
First Union Value B Invmt                          1      Growth
First Union Value C Invmt                          1      Growth
First Union Value Y                                1      Growth
Flag Inv Quality Growth                            1      Growth
FMB Diversif Equity Con Svc                        1      Growth
FMB Diversif Equity Instl                          1      Growth
Founders Blue Chip                                 1    Growth-Inc
Fountain Sq Quality Growth                         1      Growth
Franklin Growth                                    1      Growth
Franklin Premier Return                            1    Growth-Inc
Fundamental Investors                              1    Growth-Inc
FundTrust Growth                                   1      Growth
Galaxy Equity Growth Ret                           1      Growth
Galaxy Equity Income Ret                           1    Equity-Inc
Galaxy Equity Value Ret                            1      Growth
Galaxy II Large Co Index Ret                       1    Growth-Inc
Gateway Mid-Cap Index                              1      Growth
GE U.S. Equity A                                   1    Growth-Inc
GE U.S. Equity B                                   1    Growth-Inc
GE U.S. Equity C                                   1    Growth-Inc
GE U.S. Equity D                                   1    Growth-Inc
General Elec S&S Program                           1    Growth-Inc
Gintel                                             1      Growth
Gintel ERISA                                       1    Growth-Inc
GIT Select Growth                                  1      Growth
Glenmede Equity                                    1      Growth
Goldman Sachs Select Equity                        1    Growth-Inc
Government Street Equity                           1      Growth
Gradison-McDonald Estab Val                        1      Growth
Griffin Growth & Income A                          1    Growth-Inc
Growth Fund of Washington                          1      Growth
Hancock Growth & Income B                          1    Growth-Inc
Hancock Indep Divers Core Eq                       1    Growth-Inc
Hancock Sovereign Achiever A                       1      Growth
Hancock Sovereign Achiever B                       1      Growth
Hancock Sovereign Investor C                       1    Growth-Inc
Hanover Blue Chip Growth Inv                       1      Growth
Harbor Value                                       1    Growth-Inc
Harris Insight Equity                              1      Growth
Hilliard Lyons Growth                              1      Growth
Hotchkis & Wiley Equity-Inc                        1    Equity-Inc
IAA Growth                                         1      Growth
IAI Growth & Income                                1    Growth-Inc
IDS Blue Chip Advantage A                          1    Growth-Inc
IDS Equity Value B                                 1    Growth-Inc
IDS Progressive A                                  1      Growth
IDS Stock A                                        1    Growth-Inc
Inventor Equity Growth A                           1      Growth
Invesco Value Equity                               1    Growth-Inc
Investment Comp of America                         1    Growth-Inc
Ivy Growth A                                       1      Growth
Ivy Growth with Income A                           1    Growth-Inc
Jackson National Growth                            1      Growth
Jefferson Pilot Cap Apprec                         1      Growth
Jensen                                             1      Growth
JPM Instl Selected U.S. Eqty                       1    Growth-Inc
Kenilworth                                         1      Growth
Kent Growth & Income Instl                         1      Growth
Kent Growth & Income Invmt                         1      Growth
Kent Index Equity Instl                            1    Growth-Inc
Kent Index Equity Invmt                            1    Growth-Inc
Keystone Custodian S-1                             1    Growth-Inc
Laidlaw Covenant                                   1    Growth-Inc
Lazard Equity                                      1      Growth
Legg Mason Total Return                            1    Growth-Inc
Legg Mason Value                                   1      Growth
Lexington Corporate Leaders                        1    Growth-Inc
Lexington Growth & Income                          1    Growth-Inc
Liberty Equity-Income Fort                         1    Equity-Inc
Liberty Financial Grth & Inc                       1    Growth-Inc
Loomis Sayles Growth & Inc                         1    Growth-Inc
Lord Abbett Fundamental Val                        1      Growth
Lord Abbett Value Apprec                           1      Growth
Lutheran Brotherhood                               1    Growth-Inc
L. Roy Papp Stock                                  1      Growth
MainStay Equity Index A                            1    Growth-Inc
MainStay Inst Indx Eq Inst                         1    Growth-Inc
MainStay Value B                                   1    Growth-Inc
Mairs & Power Growth                               1      Growth
Managers Income Equity                             1    Equity-Inc
Mariner Total Return Equity                        1    Growth-Inc
MarketWatch Equity                                 1    Growth-Inc
Marquis Value Equity A                             1      Growth
Marquis Value Equity B                             1      Growth
Marshall Value Equity                              1    Growth-Inc
MAS Equity                                         1      Growth
MAS Value                                          1    Growth-Inc
Massachusetts Inv A                                1    Growth-Inc
Massachusetts Inv B                                1    Growth-Inc
MassMutual Instl Value Eqty1                       1    Growth-Inc
MassMutual Instl Value Eqty2                       1    Growth-Inc
MassMutual Instl Value Eqty3                       1    Growth-Inc
MassMutual Instl Value Eqty4                       1    Growth-Inc
Merrill Lynch Basic Value A                        1    Growth-Inc
Merrill Lynch Basic Value B                        1    Growth-Inc
Merrill Lynch Fd Tomorrow B                        1      Growth
MFS Capital Growth A                               1      Growth
MFS Capital Growth B                               1      Growth
Minerva Equity                                     1    Growth-Inc
Mitchell/Kidder Equity-Inc A                       1    Equity-Inc
MMA Praxis Growth                                  1      Growth
Monitor Growth Invmt                               1      Growth
Monitor Growth Tr                                  1      Growth
Morgan Stanley Instl Eqty Gr                       1      Growth
MSB                                                1      Growth
Munder Multi-Season Growth B                       1      Growth
Mutual Benefit                                     1      Growth
Nations Equity-Index Tr A                          1      Growth
Nations Value Inv A                                1    Growth-Inc
Nations Value Inv C                                1    Growth-Inc
Nations Value Inv N                                1    Growth-Inc
Nations Value Tr A                                 1    Growth-Inc
Nationwide                                         1    Growth-Inc
Nationwide Growth                                  1      Growth
NCC Equity Ret                                     1    Growth-Inc
Neuberger&Berman Focus                             1      Growth
Neuberger&Berman Guardian                          1    Growth-Inc
Neuberger&Berman Guardian Tr                       1    Growth-Inc
Neuberger&Berman Partners                          1      Growth
Neuberger&Berman Soc Resp                          1      Growth
New Alternatives                                   1  Sp. Unaligned
New England Growth Opport A                        1    Growth-Inc
New England Growth Opport B                        1    Growth-Inc
New England Value B                                1    Growth-Inc
New England Value Y                                1    Growth-Inc
North American Growth & IncA                       1    Growth-Inc
North American Growth & IncB                       1    Growth-Inc
North American Growth & IncC                       1    Growth-Inc
Northeast Investors Growth                         1      Growth
Norwest Income Stock Inv A                         1    Equity-Inc
Norwest Income Stock Inv B                         1    Equity-Inc
Norwest Income Stock Tr                            1    Equity-Inc
Oak Value                                          1      Growth
Old Dominion Investors'                            1    Equity-Inc
One Group Blue Chip Eq Fid                         1      Growth
One Group Disc Value Fid                           1      Growth
One Group Equity Index Fid                         1    Growth-Inc
One Group Equity Index Retrm                       1    Growth-Inc
One Group Large Co Grth B                          1      Growth
One Group Large Co Grth Fid                        1      Growth
One Group Large Co Grth Retr                       1      Growth
One Group Large Co Value B                         1      Growth
One Group Large Co Value Fid                       1      Growth
One Group Large Co Value Rtr                       1      Growth
Oppenheimer Total Return Y                         1    Growth-Inc
Oppenheimer Value Stock A                          1    Growth-Inc
Oppenheimer Value Stock B                          1    Growth-Inc
Overland Exp Dividend Grth A                       1    Equity-Inc
Pacific Horizon Blue Chip                          1      Growth
Pacifica Equity Value                              1      Growth
PaineWebber Dividend Grth B                        1    Growth-Inc
PaineWebber Dividend Grth D                        1    Growth-Inc
Papp America-Abroad                                1      Growth
Paragon Value Equity-Inc A                         1    Growth-Inc
Pasadena Nifty Fifty B                             1      Growth
Pasadena Nifty Fifty C                             1      Growth
Peachtree Equity                                   1    Growth-Inc
Penn Square Mutual                                 1    Growth-Inc
Peoples Index                                      1    Growth-Inc
Performance Equity Con Svc                         1      Growth
Performance Equity Instl                           1      Growth
Philadelphia                                       1    Growth-Inc
Phoenix Equity Opport A                            1      Growth
Phoenix Growth A                                   1      Growth
Phoenix Growth B                                   1      Growth
Phoenix U.S. Stock A                               1      Growth
Pierpont Equity                                    1    Growth-Inc
Pilgrim MagnaCap                                   1    Growth-Inc
Pillar Equity Growth A                             1      Growth
Pillar Equity Growth B                             1      Growth
PIMCo Adv Inst NFJ Divr Inst                       1    Growth-Inc
PIMCo Adv Inst Para Enh Inst                       1    Growth-Inc
PIMCo StocksPlus Instl                             1      Growth
Pioneer                                            1    Growth-Inc
Pioneer II                                         1    Growth-Inc
Piper Jaffray Enhanced 500                         1    Growth-Inc
Piper Jaffray Growth & Inc                         1    Growth-Inc
PNC Core Equity Instl                              1      Growth
PNC Core Equity Inv                                1      Growth
PNC Core Equity Svc                                1      Growth
PNC Index Equity Instl                             1    Growth-Inc
PNC Index Equity Inv                               1    Growth-Inc
PNC Index Equity Svc                               1    Growth-Inc
PNC Value Equity Instl                             1      Growth
PNC Value Equity Inv                               1      Growth
PNC Value Equity Svc                               1      Growth
Portico Equity Index Instl                         1    Growth-Inc
Preferred Value                                    1    Growth-Inc
Premier Growth A                                   1      World
Premier Growth B                                   1      World
Principal Pres Div Achievers                       1    Growth-Inc
Principal Pres S&P 100 Plus                        1    Growth-Inc
Princor Blue Chip A                                1    Growth-Inc
Princor Capital Accum A                            1      Growth
Prudential Equity A                                1      Growth
Prudential Equity B                                1      Growth
Prudential Instl Stock Index                       1    Growth-Inc
Prudential Multi-Sector A                          1      Growth
Prudential Multi-Sector B                          1      Growth
Putnam Dividend Growth A                           1    Growth-Inc
Putnam Health Sciences B                           1    Sp. Health
Putnam Natural Resources A                         1  Sp. Nat. Res.
Putnam Natural Resources B                         1  Sp. Nat. Res.
Quantitative Grth & Inc Inst                       1    Growth-Inc
Quantitative Grth & Inc Ord                        1    Growth-Inc
Quest for Value B                                  1      Growth
Quest for Value C                                  1      Growth
Rainier Core Equity                                1      Growth
Rainier Small/Mid Cap Equity                       1      Growth
RBB-BEA U.S. Core Equity                           1      Growth
Regis C&B Equity                                   1      Growth
Regis DSI Disciplined Value                        1    Growth-Inc
Regis ICM Equity                                   1      Growth
Regis Sterling Equity                              1      Growth
Regis TS&W Equity                                  1      Growth
Reich & Tang Equity                                1      Growth
Rembrandt Growth Inv                               1      Growth
Rembrandt Growth Tr                                1      Growth
Reynolds Blue Chip Growth                          1      Growth
RIMCo Monument Stock                               1    Growth-Inc
Riverfront Income Eqty Inv A                       1    Equity-Inc
Riverside Cap Growth                               1      Growth
Rodney Square M/M Growth&Inc                       1    Growth-Inc
Roulston Growth & Income                           1    Growth-Inc
RSI Retrmnt Core Equity                            1    Growth-Inc
RSI Retrmnt Value Equity                           1    Growth-Inc
Safeco Equity                                      1    Growth-Inc
Salomon Bros Investors                             1    Growth-Inc
Salomon Bros Opportunity                           1      Growth
SBSF Capital Growth                                1      Growth
Schwab 1000                                        1    Growth-Inc
Scudder Value                                      1      Growth
Seafirst Blue Chip                                 1      Growth
Second Fiduciary Exchange                          1    Growth-Inc
SEI Index S&P 500 Index                            1    Growth-Inc
SEI Instl Captl Appr A                             1      Growth
SEI Instl Captl Appr ProVant                       1      Growth
SEI Instl Mgd Lrg Cap Val A                        1    Growth-Inc
Selected American                                  1    Growth-Inc
Seligman Common Stock A                            1    Growth-Inc
Sentinel Common Stock                              1    Growth-Inc
Seven Seas S&P 500 Index                           1    Growth-Inc
Shawmut Growth & Inc Eq Invt                       1    Growth-Inc
Shawmut Growth & Inc Eq Tr                         1    Growth-Inc
Sierra Growth & Income A                           1    Growth-Inc
Sit Growth & Income                                1    Growth-Inc
Smith Barney Appreciation A                        1      Growth
Smith Barney Appreciation B                        1      Growth
Smith Barney Fundmntl Val A                        1      Growth
Smith Barney Growth & Inc A                        1    Growth-Inc
Smith Barney Growth & Inc B                        1    Growth-Inc
Smith Breeden Mkt Tracking                         1    Growth-Inc
Sound Shore                                        1      Growth
SouthTrust Vulcan Stock                            1      Growth
Stagecoach Corporate Stock                         1    Growth-Inc
Stagecoach Diversified Inc A                       1    Equity-Inc
Stagecoach Growth & Income A                       1    Growth-Inc
Stagecoach Instl S&P 500 Stk                       1    Growth-Inc
Star Relative Value                                1    Growth-Inc
State Bond Diversified                             1    Growth-Inc
State Farm Growth                                  1      Growth
State St Exchange                                  1      Growth
State St Investment A                              1    Growth-Inc
State St Investment B                              1    Growth-Inc
State St Investment C                              1    Growth-Inc
State St Investment D                              1    Growth-Inc
State St Research Growth C                         1      Growth
Steadman Associated                                1    Growth-Inc
SteinRoe Prime Equities                            1    Growth-Inc
Stepstone Val Momentum Instl                       1      Growth
Stepstone Val Momentum Invmt                       1      Growth
STI Classic Val Inc Stk Inv                        1    Equity-Inc
STI Classic Val Inc Stk Tr                         1    Equity-Inc
Stratton Growth                                    1      Growth
Target Large Cap Growth                            1      Growth
Target Large Cap Value                             1    Growth-Inc
Templeton World                                    1      World
Torray                                             1      Growth
Tower Capital Appreciation                         1    Growth-Inc
T. Rowe Price Equity Index                         1    Growth-Inc
T. Rowe Price Growth &Income                       1    Growth-Inc
T. Rowe Price New Era                              1  Sp. Nat. Res.
T. Rowe Price Spectrum Grth                        1      Growth
UMB Stock                                          1      Growth
United Accumulative                                1      Growth
United Income                                      1    Equity-Inc
United Svcs All American Eq                        1    Growth-Inc
USAA Mutual Growth & Income                        1    Growth-Inc
U.S. Large Stock                                   1    Growth-Inc
Van Kampen Growth & Income A                       1    Growth-Inc
Vance Sanders Exchange                             1      Growth
Vanguard Index 500                                 1    Growth-Inc
Vanguard Index Growth                              1      Growth
Vanguard Index Total Stk Mkt                       1    Growth-Inc
Vanguard Institutional Index                       1    Growth-Inc
Vanguard Quantitative                              1    Growth-Inc
Vanguard Spec Health Care                          1    Sp. Health
Vanguard Tax-Mgd Grth & Inc                        1    Growth-Inc
Vanguard/Trustees' Eqty U.S.                       1    Growth-Inc
Vanguard/Windsor                                   1    Growth-Inc
Vanguard/Windsor II                                1    Growth-Inc
Victory Diversified                                1      Growth
Victory Growth                                     1      Growth
Victory Stock Index                                1    Growth-Inc
Victory Value                                      1      Growth
Virtus Stock Invmt                                 1    Growth-Inc
Virtus Stock Tr                                    1    Growth-Inc
Vista Equity                                       1      Growth
Vontobel U.S. Value                                1    Growth-Inc
Waddell & Reed Total Return                        1    Growth-Inc
Washington Mutual Investors                        1    Growth-Inc
Wayne Hummer Growth                                1      Growth
Westcore Basic Value Instl                         1    Growth-Inc
Westcore Equity-Income Instl                       1    Equity-Inc
Westcore Growth Instl                              1      Growth
Westcore Growth Ret                                1      Growth
Westcore Modern Value Equity                       1    Growth-Inc
Westwood Equity Ret                                1      Growth
Winthrop Focus Growth & Inc                        1    Growth-Inc
Woodward Equity Index Ret                          1    Growth-Inc
Woodward Growth/Value Ret                          1      Growth
WPG Quantitative Equity                            1    Growth-Inc
Wright Quality Core Equities                       1    Growth-Inc
Wright Selected Blue Chip Eq                       1    Growth-Inc
Yacktman                                           1      Growth
Zweig Priority Selection A                         1      Growth

Category 2: Growth


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

1784 Growth & Income                               2    Growth-Inc
20th Century Heritage Invest                       2      Growth
20th Century Select Investor                       2      Growth
AARP Capital Growth                                2      Growth
Advance Capital I Eqty Grth                        2  Small Company
Advantus Horizon A                                 2    Growth-Inc
Aetna Growth Adv                                   2      Growth
Aetna Growth Sel                                   2      Growth
AIM Charter                                        2    Growth-Inc
AIM Growth A                                       2      Growth
AIM Summit                                         2      Growth
AIM Value A                                        2      Growth
AIM Value B                                        2      Growth
Alger Growth                                       2      Growth
Alliance A                                         2      Growth
Alliance B                                         2      Growth
Alliance C                                         2      Growth
Alliance Counterpoint B                            2      Growth
Alliance Counterpoint C                            2      Growth
Alliance Global Small Cap A                        2      World
Alliance Growth C                                  2      Growth
Alliance Growth & Income C                         2    Growth-Inc
Alliance Premier Growth A                          2      Growth
Alliance Premier Growth B                          2      Growth
Alliance Premier Growth C                          2      Growth
Amana Growth                                       2      Growth
Ambassador Est Co Grth Inv                         2      Growth
Ambassador Est Co Grth Ret A                       2      Growth
Ambassador Growth Fid                              2      Growth
Amcap                                              2      Growth
Amelia Earhart Eagle Equity                        2      Growth
American Cap Enterprise A                          2      Growth
American Cap Enterprise B                          2      Growth
American Cap Enterprise C                          2      Growth
American Cap Pace B                                2      Growth
American Cap Pace C                                2      Growth
American National Growth                           2      Growth
Ark Capital Growth Instl                           2      Growth
Ark Capital Growth Ret                             2      Growth
Armstrong Associates                               2      Growth
Atlas Growth & Income B                            2    Growth-Inc
Avesta Equity-Growth                               2      Growth
BayFunds Equity Instl                              2      Growth
BayFunds Equity Invmt                              2      Growth
Benchmark Diversified Grth A                       2      Growth
Benchmark Focused Growth A                         2      Growth
Blanchard American Equity                          2      Growth
Bridgeway Social Responsblty                       2    Growth-Inc
Brown Capital Mgmt Equity                          2      Growth
Brown Capital Mgmt Small Co                        2  Small Company
Bull & Bear Quality Growth                         2      Growth
Calamos Growth                                     2      Growth
California Invmt S&P MidCap                        2      Growth
Calvert Social Inv Equity C                        2      Growth
Cambridge Growth A                                 2      Growth
Cambridge Growth B                                 2      Growth
Capital Growth A                                   2      Growth
Capital Growth C                                   2      Growth
Cappiello-Rushmore Emerg Gr                        2  Small Company
Cappiello-Rushmore Growth                          2      Growth
Capstone Growth                                    2      Growth
Colonial Growth Shares A                           2      Growth
Colonial Growth Shares B                           2      Growth
Columbia Growth                                    2      Growth
Common Sense Growth                                2      Growth
Compass Cap Growth                                 2      Growth
Composite Northwest 50 A                           2      Growth
Composite Northwest 50 B                           2      Growth
Conestoga Equity Instl                             2      Growth
Conestoga Special Eqty Instl                       2      Growth
Consulting Group Lrg Cap Gr                        2      Growth
CoreFund Growth Equity A                           2      Growth
CoreFund Growth Equity B                           2      Growth
CoreFund Value Equity A                            2    Growth-Inc
CoreFund Value Equity B                            2    Growth-Inc
Cowen Opportunity B                                2  Small Company
Cowen Opportunity C                                2  Small Company
CrestFunds Capital Appr Inv                        2      Growth
CrestFunds Capital Appr Tr                         2      Growth
CrestFunds Special Eqty Inv                        2  Small Company
Dean Witter American Value                         2      Growth
Dean Witter Capital Growth                         2      Growth
Delaware Dividend Grth B                           2    Growth-Inc
DG Opportunity                                     2  Small Company
Diversified Inv Growth & Inc                       2    Growth-Inc
Dreyfus Appreciation                               2      Growth
Dreyfus Disc Stock Inv                             2    Growth-Inc
Dreyfus Focus Large Co Grth                        2      Growth
Elite Growth & Income                              2    Growth-Inc
Emerald Equity A                                   2      Growth
Emerald Equity Instl                               2      Growth
Enterprise Growth                                  2      Growth
EV Marathon Growth                                 2      Growth
EV Marathon Special Equities                       2      Growth
EV Marathon Stock                                  2    Growth-Inc
EV Traditional Growth                              2      Growth
Federated Growth                                   2      Growth
Federated Mid-Cap                                  2    Growth-Inc
FFB Lexicon Select Val Instl                       2      Growth
Fidelity Adv Equity Growth A                       2      Growth
Fidelity Adv Growth Opport A                       2      Growth
Fidelity Blue Chip Growth                          2      Growth
Fidelity Destiny II                                2      Growth
Fidelity Disciplined Equity                        2      Growth
Fidelity Dividend Growth                           2      Growth
Fidelity Retirement Growth                         2      Growth
Fidelity Sel Consumer Prod                         2  Sp. Unaligned
Fidelity Sel Environmental                         2  Sp. Unaligned
Fidelity Sel Health Care                           2    Sp. Health
Fidelity Trend                                     2      Growth
First American Divers Grth B                       2      Growth
First American Divers Grth C                       2      Growth
First American Equity-Inc C                        2    Equity-Inc
First Invest Made in USA A                         2      Growth
First Mutual                                       2      Growth
Fortis Capital A                                   2      Growth
Fortis Fiduciary A                                 2      Growth
Fortis Global Growth A                             2      World
Founders Growth                                    2      Growth
Fountain Sq Mid Cap                                2      Growth
FPA Capital                                        2  Small Company
Franklin DynaTech                                  2     Sp. Tech
Franklin Equity                                    2      Growth
Franklin Instl MidCap Growth                       2      Growth
Fremont Growth                                     2      Growth
Frontier Equity                                    2      Growth
Gabelli Growth                                     2      Growth
Golden Oak Diversif Growth A                       2    Growth-Inc
Golden Oak Diversif Growth B                       2    Growth-Inc
G.T. Global Health Care A                          2    Sp. Health
G.T. Global Health Care B                          2    Sp. Health
Hancock Growth A                                   2      Growth
Hancock Growth B                                   2      Growth
Hancock Natl Aviation&Tech A                       2     Sp. Tech
Hancock Natl Aviation&Tech B                       2     Sp. Tech
Hancock Special Opport A                           2      Growth
Hancock Special Opport B                           2      Growth
Harbor Capital Appreciation                        2      Growth
Haven                                              2      Growth
Hawthorne Sea                                      2      Growth
Henlopen                                           2      Growth
HighMark Growth Fid                                2      Growth
Hodges                                             2      Growth
IAI Growth                                         2      Growth
IAI Midcap Growth                                  2      Growth
IAI Regional                                       2      Growth
Idex                                               2      Growth
Idex 3                                             2      Growth
Idex II Growth A                                   2      Growth
Idex II Growth C                                   2      Growth
IDS Equity Select A                                2    Growth-Inc
IDS Managed Retirement A                           2    Growth-Inc
IDS New Dimensions A                               2      Growth
Invesco Growth                                     2      Growth
Invesco Strat Environmt Svcs                       2  Sp. Unaligned
Investors Research                                 2      Growth
Investors Trust Growth A                           2      Growth
Investors Trust Growth B                           2      Growth
Ivy Growth B                                       2      Growth
Janus                                              2      Growth
Janus Growth & Income                              2    Growth-Inc
Janus Twenty                                       2      Growth
Janus Venture                                      2  Small Company
Keeley Small Cap Value                             2  Small Company
Kemper Blue Chip A                                 2    Growth-Inc
Kemper Blue Chip B                                 2    Growth-Inc
Kemper Growth A                                    2      Growth
Kemper Growth B                                    2      Growth
Kemper Growth C                                    2      Growth
Kemper Technology A                                2     Sp. Tech
Keystone Amer Hartwell Gr B                        2      Growth
Keystone Amer Hartwell Gr C                        2      Growth
Keystone Custodian K-2                             2      Growth
Keystone Custodian S-3                             2      Growth
Landmark Equity                                    2      Growth
Lincoln U.S. Growth A                              2      Growth
Lincoln U.S. Growth B                              2      Growth
Lincoln U.S. Growth C                              2      Growth
Lincoln U.S. Growth D                              2      Growth
Loomis Sayles Growth                               2      Growth
Marshall Mid-Cap Stock                             2      Growth
Marshall Stock                                     2    Growth-Inc
MAS Select Equity                                  2      Growth
Massachusetts Inv Grth Stk A                       2      Growth
Massachusetts Inv Grth Stk B                       2      Growth
Matrix Growth                                      2      Growth
Medical Research Investment                        2    Sp. Health
Merrill Lynch Fd Tomorrow A                        2      Growth
Merrill Lynch Fundmntl GrthC                       2      Growth
Merrill Lynch Fundmntl GrthD                       2      Growth
Merrill Lynch Growth Inv A                         2      Growth
Merrill Lynch Growth Inv B                         2      Growth
Merrill Lynch Healthcare A                         2    Sp. Health
Merrill Lynch Healthcare B                         2    Sp. Health
MetLife-State Res Eqty InvtA                       2      Growth
MetLife-State Res Eqty InvtB                       2      Growth
MetLife-State Res Eqty InvtC                       2      Growth
MetLife-State Res Eqty InvtD                       2      Growth
MFS Growth Opportunities A                         2      Growth
MFS Growth Opportunities B                         2      Growth
MFS Managed Sectors A                              2      Growth
MFS Managed Sectors B                              2      Growth
MFS Research A                                     2      Growth
MFS Research B                                     2      Growth
MFS Research C                                     2      Growth
MFS Value A                                        2      Growth
Midwest Strat Equity A                             2      Growth
Midwest Strat Equity C                             2      Growth
Monetta                                            2  Small Company
Munder Multi-Season Growth A                       2      Growth
Munder Multi-Season Growth C                       2      Growth
Munder Multi-Season Growth D                       2      Growth
National Industries                                2      Growth
Nations Capital Growth Inv A                       2      Growth
Nations Capital Growth Inv C                       2      Growth
Nations Capital Growth Inv N                       2      Growth
Nations Capital Growth Tr A                        2      Growth
Neuberger&Berman Focus Tr                          2      Growth
Neuberger&Berman Manhattan                         2      Growth
Neuberger&Berman ManhattanTr                       2      Growth
Neuberger&Berman NYCDC SocR                        2      Growth
Neuberger&Berman Partners Tr                       2      Growth
New Century Capital                                2      Growth
New Economy                                        2      Growth
New England Capital Growth A                       2      Growth
New England Capital Growth B                       2      Growth
New England Growth A                               2      Growth
New England Star Advisers A                        2      Growth
New England Star Advisers B                        2      Growth
New England Star Advisers C                        2      Growth
New England Value A                                2    Growth-Inc
New York Venture A                                 2      Growth
Nicholas-Applegate Core A                          2      Growth
Nicholas-Applegate Core C                          2      Growth
Nicholas-Applegate Core Inst                       2      Growth
Nicholas-Applegate Core Qual                       2      Growth
Northern Select Equity                             2      Growth
Norwest ValuGrth Stock Inv A                       2      Growth
Norwest ValuGrth Stock Inv B                       2      Growth
Norwest ValuGrth Stock Tr                          2      Growth
One Group Small Co Grth Fid                        2  Small Company
Oppenheimer A                                      2      Growth
Oppenheimer C                                      2      Growth
Oppenheimer Growth B                               2      Growth
Oppenheimer Growth Y                               2      Growth
Oppenheimer Time                                   2      Growth
Oppenheimer Total Return A                         2    Growth-Inc
Oppenheimer Total Return B                         2    Growth-Inc
OVB Capital Appreciation A                         2      Growth
OVB Capital Appreciation B                         2      Growth
PaineWebber Blue Chip Grth A                       2      Growth
PaineWebber Blue Chip Grth B                       2      Growth
PaineWebber Comm & Tech Gr A                       2  Sp. Unaligned
PaineWebber Comm & Tech Gr B                       2  Sp. Unaligned
PaineWebber Growth A                               2      Growth
PaineWebber Growth B                               2      Growth
Paragon Value Growth A                             2      Growth
Parkstone Equity Instl                             2      Growth
Parkstone High-Inc Eq Inv B                        2    Equity-Inc
Pasadena Growth A                                  2      Growth
Pasadena Growth B                                  2      Growth
Pasadena Growth C                                  2      Growth
Pasadena Nifty Fifty A                             2      Growth
Payson Value                                       2    Growth-Inc
Peoples S&P MidCap Index                           2      Growth
Performance Mid Cap Gr Instl                       2      Growth
Phoenix Capital Apprec A                           2      Growth
Phoenix Capital Apprec B                           2      Growth
Phoenix Worldwide Opport A                         2      World
PIC Endeavor Growth                                2      Growth
PIC Institutional Growth                           2      Growth
PIMCo Adv Growth A                                 2      Growth
PIMCo Adv Growth C                                 2      Growth
PIMCo Adv Inst Cad Cap Inst                        2      Growth
PIMCo Adv Inst Cad Mid Inst                        2      Growth
PIMCo Adv Target A                                 2      Growth
PIMCo Adv Target C                                 2      Growth
PIMCo Growth Stock Instl                           2      Growth
PIMCo VersaStyle Eqty Instl                        2      Growth
Pinnacle                                           2      Growth
Pioneer Growth                                     2  Small Company
Piper Jaffray Value                                2      Growth
PNC Growth Equity Instl                            2      Growth
PNC Growth Equity Inv                              2      Growth
PNC Growth Equity Svc                              2      Growth
Portico MidCore Growth Instl                       2      Growth
Portico Special Growth Instl                       2      Growth
Princor Growth A                                   2      Growth
Prudential Equity-Income C                         2    Equity-Inc
Prudential Instl Grth Stock                        2      Growth
Putnam Health Sciences A                           2    Sp. Health
Putnam Investors A                                 2      Growth
Putnam Investors B                                 2      Growth
Putnam Vista A                                     2      Growth
Putnam Vista B                                     2      Growth
Qualivest Large Comps Val A                        2      Growth
Qualivest Large Comps Val Y                        2      Growth
Regis NWQ Value Equity                             2    Growth-Inc
Retirement Plan Growth B                           2      Growth
Rodney Square M/M Growth                           2      Growth
Rydex OTC                                          2      Growth
Salomon Bros Capital                               2      Growth
Schroder U.S. Equity                               2      Growth
Scudder Capital Growth                             2      Growth
Scudder Quality Growth                             2      Growth
Security Equity A                                  2      Growth
SEI Instl Captl Growth                             2      Growth
SEI Instl Mid-Cap Gr ProVant                       2      Growth
Selected Special                                   2  Small Company
Seligman Growth A                                  2      Growth
Sentinel Growth                                    2      Growth
Sentry                                             2      Growth
Seven Seas Growth & Income                         2    Growth-Inc
Seven Seas Matrix Equity                           2      Growth
Seven Seas Small Cap                               2  Small Company
Shawmut Growth Equity Invmt                        2      Growth
Shawmut Growth Equity Tr                           2      Growth
Sierra Growth A                                    2      Growth
Smith Barney Captl Apprec A                        2      Growth
Smith Barney Captl Apprec C                        2      Growth
Smith Barney Telecomm Grth A                       2     Sp. Tech
Standish Equity                                    2      Growth
Star Capital Appreciation                          2      Growth
State Bond Common Stock                            2      Growth
State St Research Growth A                         2      Growth
State St Research Growth B                         2      Growth
State St Research Growth D                         2      Growth
Steadman American Industry                         2    Growth-Inc
Steadman Investment                                2    Growth-Inc
Steadman Ocean Tech & Growth                       2     Sp. Tech
SteinRoe Growth Stock                              2      Growth
SteinRoe Special                                   2      Growth
SteinRoe Young Investor                            2      Growth
Stepstone Bl Chip Grth Instl                       2      Growth
Stepstone Emerging Grth Inst                       2  Small Company
Stepstone Growth Eqty Instl                        2      Growth
Stepstone Growth Eqty Invmt                        2      Growth
STI Classic Captl Growth Inv                       2      Growth
STI Classic Captl Growth Tr                        2      Growth
SunAmerica Blue Chip Grth A                        2      Growth
SunAmerica Mid Cap Growth A                        2      Growth
TCW Galileo Core Equity                            2      Growth
TCW/DW Core Equity                                 2      Growth
Turner Growth Equity                               2      Growth
T. Rowe Price Blue Chip Grth                       2      Growth
T. Rowe Price Growth Stock                         2      Growth
United Science & Technology                        2     Sp. Tech
United Vanguard                                    2      Growth
Universal Capital Growth                           2      Growth
USAA Mutual Growth                                 2      Growth
UST Master Aging of America                        2      Growth
UST Master Env-Rel Products                        2      Growth
UST Master Equity                                  2      Growth
UST Master Globl Competitors                       2      Growth
Value Line                                         2      Growth
Van Kampen Growth & Income C                       2    Growth-Inc
Van Kampen Growth & Income D                       2    Growth-Inc
Vanguard Tax-Mgd Cap Apprec                        2      Growth
Vanguard U.S. Growth                               2      Growth
Vanguard/Morgan Growth                             2      Growth
Vanguard/Primecap                                  2      Growth
Victory Equity                                     2    Growth-Inc
Voyageur Growth Stock                              2      Growth
Wall Street                                        2      Growth
Warburg Pincus Cap Appr Comm                       2      Growth
Warburg Pincus Cap Appr Ser2                       2      Growth
White Oak Growth Stock                             2      Growth
William Blair Growth                               2      Growth
Winthrop Focus Growth                              2      Growth
World Utility A                                    2     Sp. Util
World Utility Fort                                 2     Sp. Util
WPG Growth & Income                                2    Growth-Inc
ZSA Equity                                         2      Growth

Category 3: Income

 

Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

AAL Utilities                                      3     Sp. Util
AARP Growth & Income                               3    Growth-Inc
ABT Utility Income                                 3     Sp. Util
Accessor Value & Income                            3    Equity-Inc
Advantus Horizon B                                 3    Growth-Inc
AIM Utilities A                                    3     Sp. Util
AIM Utilities B                                    3     Sp. Util
Alger Income & Growth                              3    Growth-Inc
Alliance Utility Income A                          3     Sp. Util
Alliance Utility Income B                          3     Sp. Util
Alliance Utility Income C                          3     Sp. Util
Amana Income                                       3    Equity-Inc
Ambassador Growth & Inc Fid                        3    Growth-Inc
Ambassador Growth & Inc Inv                        3    Growth-Inc
Ambassador Growth & Inc RetA                       3    Growth-Inc
American Cap Equity-Income A                       3    Equity-Inc
American Cap Equity-Income B                       3    Equity-Inc
American Cap Equity-Income C                       3    Equity-Inc
American Cap Growth & Inc B                        3    Growth-Inc
American Cap Growth & Inc C                        3    Growth-Inc
American Cap Utilities Inc A                       3     Sp. Util
American Cap Utilities Inc B                       3     Sp. Util
American Cap Utilities Inc C                       3     Sp. Util
American Gas Index                                 3  Sp. Nat. Res.
American Growth                                    3      Growth
American Leaders A                                 3    Growth-Inc
American Mutual                                    3    Growth-Inc
American National Income                           3    Equity-Inc
America's Utility                                  3     Sp. Util
Analytic Optioned Equity                           3    Growth-Inc
Anchor Capital Accumulation                        3      Growth
Anthem Equity-Income                               3    Equity-Inc
Anthem Value                                       3      Growth
API Capital Income                                 3    Equity-Inc
ASM                                                3    Growth-Inc
Avesta Core Equity                                 3      Growth
Avesta Equity-Income                               3    Growth-Inc
Bartlett Basic Value                               3    Growth-Inc
Bascom Hill Investors                              3      Growth
Benham Utilities Income                            3     Sp. Util
Berger 101                                         3    Growth-Inc
BNY Hamilton Equity-Income                         3    Equity-Inc
Bridges Investment                                 3    Growth-Inc
Bridgeway Ultra-Small Co                           3  Small Company
Brinson Global Equity                              3      World
BT Investment Utility                              3     Sp. Util
Burnham A                                          3    Growth-Inc
Burnham B                                          3    Growth-Inc
Burnham C                                          3    Growth-Inc
Calvert Social Inv Equity A                        3      Growth
Capital Income Builder                             3    Equity-Inc
Cappiello-Rushmore Util Inc                        3     Sp. Util
Clipper                                            3      Growth
Colonial A                                         3    Growth-Inc
Colonial B                                         3    Growth-Inc
Colonial Global Utilities A                        3     Sp. Util
Colonial Utilities A                               3     Sp. Util
Colonial Utilities B                               3     Sp. Util
Common Sense II Growth Opp A                       3      Growth
Common Sense II Growth Opp B                       3      Growth
Consulting Group Lrg Cap Val                       3    Growth-Inc
Copley                                             3    Growth-Inc
Cowen Income+Growth A                              3    Equity-Inc
Cowen Income+Growth B                              3    Equity-Inc
Cowen Income+Growth C                              3    Equity-Inc
CT&T Talon                                         3      Growth
Dean Witter Global Utilities                       3     Sp. Util
Dean Witter Utilities                              3     Sp. Util
Delafield                                          3      Growth
Delaware Decatur Income A                          3    Equity-Inc
Delaware Decatur T/R A                             3    Growth-Inc
DFA U.S. Large Cap Value                           3    Growth-Inc
Diversified Inv Equity Inc                         3    Equity-Inc
Dreyfus Captl Grth(Premier)                        3      Growth
Dreyfus Edison Electric                            3     Sp. Util
Dreyfus Global InvA(Premier)                       3      World
Dreyfus Growth & Income                            3    Growth-Inc
Dreyfus Strategic InvestingA                       3      Growth
Dreyfus-Wilshire Lrg Co Val                        3      Growth
Dreyfus-Wilshire Sm Co Value                       3  Small Company
Eastcliff Total Return                             3    Growth-Inc
Eaton Vance Equity-Income                          3    Equity-Inc
Endowments                                         3    Growth-Inc
Enterprise Growth & Income                         3    Growth-Inc
EV Classic Total Return                            3     Sp. Util
EV Marathon Gold & Nat Res                         3  Sp. Nat. Res.
EV Marathon Total Return                           3     Sp. Util
EV Traditional Total Return                        3     Sp. Util
Evergreen Total Return Y                           3    Equity-Inc
FBL Growth Common Stock                            3      Growth
Fidelity Adv Equity Income A                       3    Equity-Inc
Fidelity Adv Inst Eqty Inc                         3    Equity-Inc
Fidelity Adv Strat Opp A                           3      Growth
Fidelity Adv Strat Opp B                           3      Growth
Fidelity Adv Strat Opp Init                        3      Growth
Fidelity Canada                                    3     Foreign
Fidelity Equity-Income                             3    Equity-Inc
Fidelity Equity-Income II                          3    Equity-Inc
Fidelity Real Estate Invmnt                        3  Sp. Unaligned
Fidelity Sel Energy                                3  Sp. Nat. Res.
Fidelity Sel Insurance                             3    Sp. Financ
Fidelity Sel Utilities Grth                        3     Sp. Util
Fidelity Utilities                                 3     Sp. Util
Financial Horizons Growth                          3      Growth
First American Equity-Inc A                        3    Equity-Inc
First American Equity-Inc B                        3    Equity-Inc
First American Specl Eqty A                        3      Growth
First Invest Utilities Inc A                       3     Sp. Util
First Union Utility A Invmt                        3     Sp. Util
First Union Utility B Invmt                        3     Sp. Util
First Union Utility C Invmt                        3     Sp. Util
First Union Utility Y                              3     Sp. Util
Flag Inv Telephone Income A                        3     Sp. Util
Flag Inv Telephone Income B                        3     Sp. Util
Flagship Utility Income A                          3     Sp. Util
Flagship Utility Income C                          3     Sp. Util
Fontaine Global Growth                             3      World
Fortress Utility                                   3     Sp. Util
FPA Paramount                                      3    Growth-Inc
FPA Perennial                                      3    Growth-Inc
Franklin Equity-Income                             3    Equity-Inc
Franklin Global Utilities                          3     Sp. Util
Franklin Rising Dividends                          3    Growth-Inc
Franklin Utilities                                 3     Sp. Util
Fremont U.S. Micro-Cap                             3  Small Company
Funds IV Stock Apprec Svc                          3      Growth
FundTrust Growth & Income                          3    Growth-Inc
Gabelli Asset                                      3      Growth
Gabelli Equity-Income                              3    Equity-Inc
Gabelli Glob Interact Couch                        3  Sp. Unaligned
Gabelli Glob Telecommun                            3     Sp. Util
Galaxy II Utility Index Ret                        3     Sp. Util
GAM North America                                  3      Growth
Gateway Index Plus                                 3    Growth-Inc
GIT Equity Income                                  3    Equity-Inc
Global Utility A                                   3     Sp. Util
Global Utility B                                   3     Sp. Util
Global Utility C                                   3     Sp. Util
Greenspring                                        3      Growth
G.T. Global Growth & Inc A                         3      World
G.T. Global Growth & Inc B                         3      World
Hancock Global Resources B                         3  Sp. Nat. Res.
Hancock Growth & Income A                          3    Growth-Inc
Hancock Regional Bank A                            3    Sp. Financ
Hancock Sovereign Investor A                       3    Growth-Inc
Hancock Sovereign Investor B                       3    Growth-Inc
Hancock Special Value B                            3      Growth
Hancock Utilities A                                3     Sp. Util
Hancock Utilities B                                3     Sp. Util
Hercules European Value                            3      Europe
Heritage Income-Growth                             3    Growth-Inc
HighMark Income & Growth Fid                       3    Growth-Inc
HighMark Income-Equity Fid                         3    Equity-Inc
Homestead Value                                    3    Growth-Inc
IDS Diversified Equity-Inc A                       3    Equity-Inc
IDS Utilities Income A                             3     Sp. Util
Invesco Industrial Income                          3    Equity-Inc
Invesco Strat Energy                               3  Sp. Nat. Res.
Invesco Strat Utilities                            3     Sp. Util
Investors Trust Value A                            3    Equity-Inc
Investors Trust Value B                            3    Equity-Inc
Ivy Canada A                                       3     Foreign
JPM Instl U.S. Stock                               3    Growth-Inc
Keystone Amer Fund for T/R A                       3    Equity-Inc
Keystone Amer Fund for T/R B                       3    Equity-Inc
Keystone Amer Fund for T/R C                       3    Equity-Inc
Leeb Personal Finance                              3      Growth
Legg Mason Amer Leading Comp                       3    Growth-Inc
Lepercq-Istel                                      3    Growth-Inc
Liberty Equity-Income A                            3    Equity-Inc
Liberty Equity-Income C                            3    Equity-Inc
Liberty Utility A                                  3     Sp. Util
Liberty Utility C                                  3     Sp. Util
Lindner                                            3      Growth
LMH                                                3    Growth-Inc
Lord Abbett Equity 1990                            3      Growth
Lord Abbett Growth & Inc Tr                        3    Growth-Inc
Marshall Equity-Income                             3    Equity-Inc
Mathers                                            3      Growth
Merger                                             3      Growth
Meridian Value                                     3      Growth
Merrill Lynch Capital A                            3    Growth-Inc
Merrill Lynch Capital B                            3    Growth-Inc
Merrill Lynch Global Util A                        3     Sp. Util
Merrill Lynch Global Util B                        3     Sp. Util
Merrill Lynch Strat Div A                          3    Equity-Inc
Merrill Lynch Strat Div B                          3    Equity-Inc
Merrill Lynch Utility Inc A                        3     Sp. Util
Merrill Lynch Utility Inc B                        3     Sp. Util
Merriman Captl Appreciation                        3      Growth
Merriman Growth & Income                           3    Growth-Inc
Merriman Leveraged Growth                          3      Growth
MetLife-State Res Eqty-Inc A                       3    Equity-Inc
MFS Utilities A                                    3     Sp. Util
MFS Utilities B                                    3     Sp. Util
MFS Utilities C                                    3     Sp. Util
MFS World Total Return A                           3      World
MFS World Total Return B                           3      World
MFS World Total Return C                           3      World
Midwest Strat Utility A                            3     Sp. Util
Midwest Strat Utility C                            3     Sp. Util
MIM AFA Equity-Income                              3    Equity-Inc
MIM Stock Growth                                   3      Growth
MIM Stock Income                                   3    Growth-Inc
Monitor Income-Equity Tr                           3    Equity-Inc
Monitrend Summation                                3    Growth-Inc
Montgomery Equity-Income                           3    Equity-Inc
Morgan Stanley Instl Val Eq                        3    Growth-Inc
Mutual Beacon                                      3    Growth-Inc
Mutual Qualified                                   3    Growth-Inc
Mutual Shares                                      3    Growth-Inc
Nations Equity-Income Inv A                        3    Equity-Inc
Nations Equity-Income Inv C                        3    Equity-Inc
Nations Equity-Income Inv N                        3    Equity-Inc
Nations Equity-Income Tr A                         3    Equity-Inc
NCC Equity Income Instl                            3    Equity-Inc
Nicholas Equity Income                             3    Equity-Inc
Northwest Investors NW Grth                        3      Growth
One Group Income Equity Fid                        3    Equity-Inc
Oppenheimer Equity-Income A                        3    Equity-Inc
Oppenheimer Equity-Income B                        3    Equity-Inc
Oppenheimer Main St Inc&Gr B                       3    Growth-Inc
Pacific Cap Growth Stk Ret                         3      Growth
PaineWebber Dividend Grth A                        3    Growth-Inc
PaineWebber Regnl Finl GrthB                       3    Sp. Financ
Parkstone High-Inc Eq Instl                        3    Equity-Inc
Pelican                                            3    Growth-Inc
Phoenix Equity Opport B                            3      Growth
Phoenix U.S. Stock B                               3      Growth
Pillar Equity-Income A                             3    Growth-Inc
Pillar Equity-Income B                             3    Growth-Inc
PIMCo Adv Equity-Income C                          3    Equity-Inc
PIMCo Adv Inst NFJ EqIncInst                       3    Equity-Inc
PIMCo Adv Inst Util Stk Inst                       3     Sp. Util
Pioneer Capital Growth B                           3      Growth
Pioneer Equity-Income A                            3    Equity-Inc
Pioneer Equity-Income B                            3    Equity-Inc
Portico Growth & Income Inst                       3    Growth-Inc
PRA Real Estate Securities                         3  Sp. Unaligned
Primary Trend                                      3    Growth-Inc
Princor Utilities A                                3     Sp. Util
Prudential Equity-Income A                         3    Equity-Inc
Prudential Equity-Income B                         3    Equity-Inc
Prudential Utility A                               3     Sp. Util
Prudential Utility B                               3     Sp. Util
Prudential Utility C                               3     Sp. Util
Putnam Dividend Growth B                           3    Growth-Inc
Putnam Equity Income A                             3    Equity-Inc
Putnam Equity Income B                             3    Growth-Inc
Putnam Fund for Grth & Inc A                       3    Growth-Inc
Putnam Fund for Grth & Inc B                       3    Growth-Inc
Putnam Util Growth & Inc A                         3     Sp. Util
Putnam Util Growth & Inc B                         3     Sp. Util
Quest for Value Grth & Inc A                       3    Growth-Inc
Quest for Value Grth & Inc B                       3    Growth-Inc
Quest for Value Grth & Inc C                       3    Growth-Inc
Regis SAMI Pref Stock Income                       3     Sp. Util
Regis Sirach Growth                                3      Growth
Rembrandt Value Inv                                3    Growth-Inc
Rembrandt Value Tr                                 3    Growth-Inc
Retirement Plan Fincl Val A                        3    Sp. Financ
Rightime                                           3    Growth-Inc
Rightime Blue Chip                                 3    Growth-Inc
Rightime Social Awareness                          3    Growth-Inc
Riverfront Flexible Gr Inv A                       3      Growth
Royce Equity-Income                                3    Equity-Inc
Royce Premier                                      3  Small Company
Royce Total Return                                 3  Small Company
Safeco Adv Equity A                                3    Growth-Inc
Safeco Adv Equity B                                3    Growth-Inc
Safeco Adv Equity C                                3    Growth-Inc
Safeco Income                                      3    Equity-Inc
SBSF                                               3    Growth-Inc
Schooner                                           3  Small Company
Schwartz Value                                     3      Growth
Scudder Growth & Income                            3    Growth-Inc
Security Growth & Income A                         3    Growth-Inc
SEI Instl Equity-Inc A                             3    Equity-Inc
SEI Instl Equity-Inc ProVant                       3    Equity-Inc
Sequoia                                            3      Growth
SIFE Trust                                         3    Sp. Financ
Smith Barney Fundmntl Val B                        3      Growth
Smith Barney Income & Grth A                       3    Growth-Inc
Smith Barney Income & Grth C                       3    Growth-Inc
Smith Barney Prem Tot Ret A                        3    Equity-Inc
Smith Barney Prem Tot Ret B                        3    Equity-Inc
Smith Barney Telecomm Income                       3     Sp. Util
Smith Barney Utilities A                           3     Sp. Util
Smith Barney Utilities B                           3     Sp. Util
Smith Barney Utility A                             3     Sp. Util
State St Research Gl Enrgy A                       3  Sp. Nat. Res.
SteinRoe Total Return                              3    Equity-Inc
Stratton Monthly Dividend                          3    Equity-Inc
Strong American Utilities                          3     Sp. Util
Strong Total Return                                3    Growth-Inc
Templeton Global Rising Div                        3      World
Templeton Growth                                   3      World
Templeton Real Estate Secs                         3  Sp. Unaligned
Thomas White World                                 3      World
Tocqueville                                        3      Growth
Tweedy, Browne American Val                        3      Growth
T. Rowe Price Capital Apprec                       3      Growth
T. Rowe Price Dividend Grth                        3    Growth-Inc
T. Rowe Price Equity-Income                        3    Equity-Inc
UMB Heartland                                      3  Small Company
UMB Worldwide                                      3      World
USAA Mutual Income Stock                           3    Equity-Inc
UST Master Income & Growth                         3    Growth-Inc
UST Master Long-Trm Supp Eng                       3  Sp. Nat. Res.
Valley Forge                                       3      Growth
Van Kampen Growth & Income B                       3    Growth-Inc
Van Kampen Utility A                               3     Sp. Util
Van Kampen Utility B                               3     Sp. Util
Van Kampen Utility C                               3     Sp. Util
Van Kampen Utility D                               3     Sp. Util
Vanguard Equity-Income                             3    Equity-Inc
Vanguard Index Value                               3    Growth-Inc
Vanguard Spec Energy                               3  Sp. Nat. Res.
Vanguard Spec Utilities Inc                        3     Sp. Util
Victory Equity-Income                              3    Equity-Inc
Vista Equity-Income                                3    Equity-Inc
Vista Growth & Income B                            3    Growth-Inc
Warburg Pincus Growth & Inc                        3    Growth-Inc
Weitz Partners Value                               3      Growth
Weitz Value                                        3      Growth
Westcore Basic Value Ret                           3    Growth-Inc
Westcore Equity-Income Ret                         3    Equity-Inc
Woodward Intrinsic Val Ret                         3      Growth
Wright EquiFund-Nordic Natl                        3      Europe
Zweig Priority Selection C                         3      Growth
Zweig Strategy A                                   3      Growth
Zweig Strategy C                                   3      Growth

Category 4: Value


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

59 Wall St Small Company                           4  Small Company
Accessor Small Cap                                 4  Small Company
Acorn                                              4  Small Company
Advantage Special                                  4  Small Company
Advantus Cornerstone A                             4    Growth-Inc
Advantus Cornerstone B                             4    Growth-Inc
Advantus Enterprise A                              4  Small Company
Advantus Enterprise B                              4  Small Company
Aetna Small Co Growth Adv                          4  Small Company
Aetna Small Co Growth Sel                          4  Small Company
Alliance Global Small Cap B                        4      World
Alliance Global Small Cap C                        4      World
Alliance Growth A                                  4      Growth
Alliance Growth B                                  4      Growth
American Cap Pace A                                4      Growth
American Cap Real Est Secs A                       4  Sp. Unaligned
American Cap Real Est Secs B                       4  Sp. Unaligned
American Cap Real Est Secs C                       4  Sp. Unaligned
AmSouth Regional Equity                            4      Growth
API Growth                                         4      Growth
Aquinas Equity Growth                              4      Growth
Arch Emerging Growth Inv                           4      Growth
Arch Emerging Growth Tr                            4      Growth
Ariel Appreciation                                 4      Growth
Ariel Growth                                       4  Small Company
Atlanta Growth                                     4      Growth
Avesta Small Capitalization                        4  Small Company
Babson Enterprise                                  4  Small Company
Babson Enterprise II                               4  Small Company
Baird Capital Development                          4      Growth
Baron Asset                                        4  Small Company
Benchmark Small Co Index A                         4  Small Company
Berwyn                                             4  Small Company
Biltmore Special Values                            4  Small Company
Capstone Balanced                                  4      Growth
Centura Equity Growth C                            4      Growth
CGM Realty                                         4  Sp. Unaligned
Clover Capital Equity Value                        4    Growth-Inc
Cohen & Steers Realty Shares                       4  Sp. Unaligned
Colonial Small Stock A                             4  Small Company
Colonial Small Stock B                             4  Small Company
Columbia Real Estate Equity                        4  Sp. Unaligned
Compass Cap Small Cap Value                        4      Growth
Concorde Value                                     4    Growth-Inc
Consulting Group Sm Cap Val                        4  Small Company
Cornerstone Growth                                 4      Growth
Crabbe Huson Equity                                4      Growth
Crabbe Huson Real Estate Inv                       4  Sp. Unaligned
Crabbe Huson Special                               4      Growth
CrestFunds Special Eqty Tr                         4  Small Company
Delaware Value A                                   4      Growth
Delaware Value B                                   4      Growth
DFA U.S. 6-10 Small Company                        4  Small Company
DFA U.S. 9-10 Small Company                        4  Small Company
DFA U.S. Small Cap Value                           4  Small Company
DFA/AEW Real Estate Secs                           4  Sp. Unaligned
Dreman Small Cap Value                             4  Small Company
Dreyfus Focus Small Co Grth                        4  Small Company
Dreyfus Focus Small Co Value                       4  Small Company
Dreyfus Growth Opportunity                         4      Growth
Dreyfus New Leaders                                4  Small Company
Dreyfus Special Growth Inv                         4      Growth
Dreyfus Strategic InvestingB                       4      Growth
Dreyfus Third Century                              4      Growth
Dreyfus/Laurel Contrar Inv                         4      Growth
Eagle Growth                                       4      Growth
Eclipse Fincl Asset Equity                         4  Small Company
Enterprise Small Company                           4  Small Company
Evergreen Limited Market Y                         4  Small Company
Evergreen Small Cap Eq Inc Y                       4  Small Company
Evergreen US Real Est Eqty Y                       4  Sp. Unaligned
Evergreen Y                                        4  Small Company
Fairmont                                           4      Growth
FAM Value                                          4  Small Company
Fasciano                                           4  Small Company
Federated Mini-Cap                                 4  Small Company
Fidelity Destiny I                                 4      Growth
Fidelity Low-Priced Stock                          4  Small Company
Fidelity Magellan                                  4      Growth
Fidelity New Millennium                            4      Growth
Fidelity OTC                                       4      Growth
Fidelity Sel Air Transport                         4  Sp. Unaligned
Fidelity Sel Automotive                            4  Sp. Unaligned
Fidelity Sel Brokerage&Invmt                       4    Sp. Financ
Fidelity Sel Chemicals                             4  Sp. Unaligned
Fidelity Sel Constr&Housing                        4  Sp. Unaligned
Fidelity Sel Defense & Aero                        4  Sp. Unaligned
Fidelity Sel Financial Svcs                        4    Sp. Financ
Fidelity Sel Home Finance                          4    Sp. Financ
Fidelity Sel Industrl Equip                        4     Sp. Tech
Fidelity Sel Industrl Materl                       4  Sp. Nat. Res.
Fidelity Sel Leisure                               4  Sp. Unaligned
Fidelity Sel Multimedia                            4  Sp. Unaligned
Fidelity Sel Regional Banks                        4    Sp. Financ
Fidelity Sel Retailing                             4  Sp. Unaligned
Fidelity Sel Transportation                        4  Sp. Unaligned
Fidelity Stock Selector                            4      Growth
Fiduciary Capital Growth                           4      Growth
First American Regl Eqty A                         4  Small Company
First American Regl Eqty B                         4  Small Company
First American Regl Eqty C                         4  Small Company
First American Specl Eqty B                        4      Growth
First American Specl Eqty C                        4      Growth
First Eagle Fund of America                        4      Growth
First Invest Special Sit A                         4  Small Company
Franklin Balance Sheet Invmt                       4      Growth
Franklin Real Estate Secs                          4  Sp. Unaligned
Gabelli Small Cap Growth                           4  Small Company
Gabelli Value                                      4      Growth
Galaxy II Small Co Index Ret                       4  Small Company
Gateway Small Cap Index                            4  Small Company
GIT Special Growth                                 4  Small Company
Glenmede Model Equity                              4      Growth
Goldman Sachs Capital Growth                       4      Growth
Goldman Sachs Growth & Inc                         4    Growth-Inc
Goldman Sachs Small Cap Eqty                       4  Small Company
Gradison-McDonald Opport Val                       4  Small Company
Growth Fund of America                             4      Growth
Guardian Park Avenue                               4      Growth
G.T. Global America Growth B                       4  Small Company
Hancock Regional Bank B                            4    Sp. Financ
Hancock Special Value A                            4      Growth
Hanover Small Cap Growth Inv                       4  Small Company
Heartland Value                                    4  Small Company
Heartland Value & Income                           4    Growth-Inc
Heritage Capital Apprec                            4      Growth
Heritage Small Cap Stock                           4  Small Company
HomeState PA Growth                                4      Growth
Hudson Capital Appreciation                        4      Growth
IAI Value                                          4      Growth
Invesco Small Company                              4  Small Company
Invesco Strat Financial Svcs                       4    Sp. Financ
Invesco Strat Leisure                              4  Sp. Unaligned
Ivy Growth with Income B                           4    Growth-Inc
Ivy Growth with Income C                           4    Growth-Inc
Janus Enterprise                                   4      Growth
JPM Instl U.S. Small Company                       4  Small Company
Kent Small Co Growth Instl                         4      Growth
Kent Small Co Growth Invmt                         4      Growth
Lazard Small Cap                                   4  Small Company
Lazard Special Equity                              4  Small Company
Legg Mason Spec Invmnt Prim                        4  Small Company
Lexington Worldwide EmergMkt                       4     Foreign
Lincoln Growth & Income A                          4    Growth-Inc
Lincoln Growth & Income B                          4    Growth-Inc
Lincoln Growth & Income C                          4    Growth-Inc
Lincoln Growth & Income D                          4    Growth-Inc
Lindner Utility                                    4     Sp. Util
Lindner/Ryback Small-Cap                           4  Small Company
LKCM Small Cap Equity                              4  Small Company
Longleaf Partners                                  4      Growth
Longleaf Partners Small-Cap                        4  Small Company
Loomis Sayles Small Cap                            4  Small Company
Mackenzie American A                               4      Growth
Mackenzie American B                               4      Growth
MainStay Inst Val Eq Inst                          4    Growth-Inc
Managers Captl Appreciation                        4      Growth
Managers Special Equity                            4  Small Company
MAS Small Cap Value                                4  Small Company
MassMutual Instl Sm Cap Val1                       4  Small Company
MassMutual Instl Sm Cap Val2                       4  Small Company
MassMutual Instl Sm Cap Val3                       4  Small Company
MassMutual Instl Sm Cap Val4                       4  Small Company
Maxus Equity                                       4    Growth-Inc
Maxus Laureate                                     4    Growth-Inc
Mentor Growth                                      4      Growth
Merrill Lynch Phoenix A                            4      Growth
Merrill Lynch Phoenix B                            4      Growth
Merrill Lynch Spec Value A                         4  Small Company
Merrill Lynch Spec Value B                         4  Small Company
Merrill Lynch Technology A                         4     Sp. Tech
Merrill Lynch Technology B                         4     Sp. Tech
MetLife-State Res Eqty-Inc B                       4    Equity-Inc
MetLife-State Res Eqty-Inc C                       4    Equity-Inc
MetLife-State Res Eqty-Inc D                       4    Equity-Inc
MFS Union Standard Equity                          4      Growth
MFS Value B                                        4      Growth
Monetta Mid-Cap Equity                             4      Growth
Montgomery Growth                                  4      Growth
Morgan Keegan Southern Cap                         4      Growth
Morgan Stanley Amer Value A                        4  Small Company
Morgan Stanley Amer Value B                        4  Small Company
Muhlenkamp                                         4    Growth-Inc
Mutual Discovery                                   4  Small Company
Nations Special Equity Inv N                       4      Growth
NCC Mid Cap Regnl Eqty Instl                       4      Growth
Neuberger&Berman Genesis                           4  Small Company
Neuberger&Berman Genesis Tr                        4  Small Company
Nicholas                                           4      Growth
Nicholas II                                        4  Small Company
Nicholas Limited Edition                           4  Small Company
North American Growth A                            4      Growth
North American Growth B                            4      Growth
North American Growth C                            4      Growth
Northern Growth Equity                             4      Growth
Northern Small Cap Growth                          4  Small Company
Norwest Contrarian Stk Inv A                       4      Growth
Norwest Contrarian Stk Inv B                       4      Growth
Norwest Contrarian Stk Tr                          4      Growth
Norwest Small Co Stock Inv A                       4  Small Company
Norwest Small Co Stock Inv B                       4  Small Company
Norwest Small Co Stock Tr                          4  Small Company
Oak Hall Equity                                    4  Small Company
Oakmark                                            4      Growth
Omni Investment                                    4      Growth
ONE Fund Growth                                    4      Growth
One Group Disc Value B                             4      Growth
One Group Small Co Grth Retr                       4  Small Company
Oppenheimer Growth A                               4      Growth
Oppenheimer Main St Inc&Gr A                       4    Growth-Inc
Oppenheimer Main St Inc&Gr C                       4    Growth-Inc
Osterweis                                          4      Growth
O.R.I. Growth                                      4      Growth
Pacific Advisors Small Cap                         4  Small Company
PaineWebber Growth D                               4      Growth
PaineWebber Regnl Finl GrthA                       4    Sp. Financ
PaineWebber Small Cap ValueA                       4  Small Company
PaineWebber Small Cap ValueB                       4  Small Company
PaineWebber Small Cap ValueD                       4  Small Company
Parkstone High-Inc Eq Inv A                        4    Equity-Inc
Parnassus                                          4      Growth
Pennsylvania Mutual                                4  Small Company
Perritt Capital Growth                             4  Small Company
Pillar Equity Aggr Growth A                        4  Small Company
Pillar Equity Aggr Growth B                        4  Small Company
PIMCo Adv Equity-Income A                          4    Equity-Inc
PIMCo Adv Inst NFJ SmCapInst                       4  Small Company
Pioneer Capital Growth A                           4      Growth
Pioneer Three                                      4  Small Company
Pioneer Winth Real Est Invmt                       4  Sp. Unaligned
PNC Small Cap Val Eqty Instl                       4  Small Company
PNC Small Cap Val Eqty Inv                         4  Small Company
PNC Small Cap Val Eqty Svc                         4  Small Company
Principal Pres Select Value                        4      Growth
Progressive Prog Environment                       4  Sp. Unaligned
Progressive Value                                  4      Growth
Prudential Equity C                                4      Growth
Prudential Growth Opport A                         4  Small Company
Prudential Growth Opport B                         4  Small Company
Prudential Growth Opport C                         4  Small Company
Prudential Multi-Sector C                          4      Growth
Qualivest Large Comps Val C                        4      Growth
Qualivest Small Comps Val A                        4  Small Company
Qualivest Small Comps Val C                        4  Small Company
Qualivest Small Comps Val Y                        4  Small Company
Quest for Value A                                  4      Growth
Quest for Value Small Cap A                        4  Small Company
Quest for Value Small Cap B                        4  Small Company
Quest for Value Small Cap C                        4  Small Company
Rainbow                                            4      Growth
Regis FMA Small Company                            4  Small Company
Regis ICM Small Company                            4  Small Company
Rembrandt Small Cap Inv                            4  Small Company
Rembrandt Small Cap Tr                             4  Small Company
Retirement Plan Real Est A                         4  Sp. Unaligned
Rightime MidCap                                    4    Growth-Inc
Riverside Cap Value Equity                         4      Growth
Roulston Midwest Growth                            4      Growth
Royce Low-Priced Stock                             4  Small Company
Royce Micro-Cap                                    4  Small Company
Royce Value                                        4  Small Company
Safeco Adv Northwest A                             4      Growth
Safeco Adv Northwest B                             4      Growth
Safeco Adv Northwest C                             4      Growth
Safeco Growth                                      4  Small Company
Safeco Northwest                                   4      Growth
Schafer Value                                      4      Growth
Schroder U.S. Smaller Comps                        4  Small Company
Schwab Small Cap Index                             4  Small Company
Sentinel Emerging Growth                           4  Small Company
Shadow Stock                                       4  Small Company
Shawmut Small Cap Equity Inv                       4  Small Company
Shawmut Small Cap Equity Tr                        4  Small Company
Shelby                                             4      Growth
Sierra Emerging Growth A                           4  Small Company
Skyline Special Equities                           4  Small Company
Skyline Special Equities II                        4  Small Company
Smallcap World                                     4      World
SoGen Overseas                                     4     Foreign
State St Research Str Aggr A                       4      Growth
State St Research Str Aggr C                       4      Growth
STI Classic Sunbelt Eqty Inv                       4      Growth
STI Classic Sunbelt Eqty Tr                        4      Growth
Stratton Small-Cap Yield                           4  Small Company
Strong Common Stock                                4  Small Company
Strong Growth                                      4      Growth
Strong Opportunity                                 4      Growth
SunAmerica Blue Chip Grth B                        4      Growth
Target Small Cap Value                             4  Small Company
Templeton Smaller Comp Grth                        4      World
Third Avenue Value                                 4      Growth
Timothy Plan                                       4      Growth
Trent Equity                                       4      Growth
T. Rowe Price OTC Securities                       4  Small Company
T. Rowe Price Small-Cap Val                        4  Small Company
United Svcs Real Estate                            4  Sp. Unaligned
UST Master Business & Indust                       4      Growth
Vanguard Explorer                                  4  Small Company
Vanguard Index Extended Mkt                        4  Small Company
Victory OH Regional Stock                          4      Growth
Victory Special Growth                             4      Growth
Victory Special Value                              4      Growth
Vision Growth & Income                             4    Growth-Inc
Vista Capital Growth A                             4      Growth
Vista Capital Growth B                             4      Growth
Vista Growth & Income A                            4    Growth-Inc
Volumetric                                         4      Growth
Weitz Hickory                                      4      Growth
Westcore Sm Cap Opport Instl                       4  Small Company
Westcore Sm Cap Opport Ret                         4  Small Company
Westwood Equity Svc                                4      Growth
Women's Equity                                     4      Growth
Woodward Opportunity Ret                           4  Small Company
Working Assets Cit Growth                          4      Growth
Wright EquiFund-Swiss Natl                         4      Europe
Wright Junior Blue Chip Eqty                       4  Small Company
Zweig Appreciation A                               4  Small Company
Zweig Appreciation C                               4  Small Company

Category 5:Global Timing


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

20th Century Intl Emerg Grth                       5     Foreign
20th Century Intl Equity                           5     Foreign
59 Wall St European Equity                         5      Europe
59 Wall St Pac Basin Equity                        5     Pacific
Acorn International                                5     Foreign
Aetna Asian Growth Adv                             5     Pacific
Aetna Asian Growth Sel                             5     Pacific
Alliance Worldwd PrivatiztnA                       5      World
Alliance Worldwd PrivatiztnB                       5      World
Ambassador Intl Stock Fid                          5     Foreign
Ambassador Intl Stock Inv                          5     Foreign
Ambassador Intl Stock Ret A                        5     Foreign
Bartlett Value International                       5     Foreign
Bhirud Mid Cap Growth                              5      Growth
BJB International Equity A                         5     Foreign
Blanchard Emerg Mkts Gr&Inc                        5     Foreign
BT Investment Intl Equity                          5     Foreign
BT Investment Latin Amer Eq                        5     Foreign
BT Investment Pacific Bas Eq                       5     Pacific
Bull & Bear U.S. & Overseas                        5      World
Calvert World Value Glob EqA                       5      World
Capital World Growth & Inc                         5      World
Capstone New Zealand                               5     Foreign
Colonial Global Equity A                           5      World
Colonial Global Equity B                           5      World
Colonial Intl Fund for GrthA                       5     Foreign
Colonial Intl Fund for GrthB                       5     Foreign
Colonial Natural Resources A                       5  Sp. Nat. Res.
Colonial Natural Resources B                       5  Sp. Nat. Res.
Colonial Newport Tiger T                           5     Pacific
Consulting Group Emerg Mkts                        5     Foreign
Dean Witter European Growth                        5      Europe
Dean Witter Pacific Growth                         5     Pacific
Dean Witter WorldWide Invmnt                       5      World
DFA Emerging Markets                               5     Foreign
DFA Pacific Rim Small Compny                       5     Pacific
Dreyfus European R                                 5      Europe
Dreyfus Global Growth                              5      World
Dreyfus Global InvB(Premier)                       5      World
Dreyfus Intl Equity                                5     Foreign
Elfun Global                                       5      World
EuroPacific Growth                                 5     Foreign
EV Classic Greater China Gr                        5     Pacific
EV Marathon Greater China Gr                       5     Pacific
EV Marathon Greater India                          5     Foreign
EV Traditional Grtr China Gr                       5     Pacific
EV Traditional Grtr India                          5     Foreign
Evergreen Glob Real Est Eq Y                       5  Sp. Unaligned
Fidelity Emerging Markets                          5     Foreign
Fidelity Europe                                    5      Europe
Fidelity Latin America                             5     Foreign
Fidelity Southeast Asia                            5     Pacific
Fidelity Worldwide                                 5      World
First American Intl A                              5     Foreign
First American Intl B                              5     Foreign
First American Intl C                              5     Foreign
First Eagle International                          5     Foreign
First Invest Global A                              5      World
First Union Emrg Mkts A Invt                       5     Foreign
First Union Emrg Mkts B Invt                       5     Foreign
First Union Emrg Mkts C Invt                       5     Foreign
First Union Emrg Mkts Y                            5     Foreign
Flag Inv International                             5     Foreign
Founders Passport                                  5     Foreign
Founders Worldwide Growth                          5      World
Franklin Intl Equity                               5     Foreign
Franklin Pacific Growth                            5     Pacific
Fremont International Growth                       5     Foreign
GAM Europe                                         5      Europe
GAM Global                                         5      World
GAM International                                  5     Foreign
GE Global Equity A                                 5      World
GE Global Equity B                                 5      World
GE Global Equity C                                 5      World
GE Global Equity D                                 5      World
GE International Equity A                          5     Foreign
GE International Equity B                          5     Foreign
GE International Equity C                          5     Foreign
GE International Equity D                          5     Foreign
GIT Worldwide Growth                               5     Foreign
Goldman Sachs Asia Growth                          5     Pacific
Goldman Sachs Intl Equity                          5     Foreign
Govett Emerging Markets                            5     Foreign
Govett Latin America                               5     Foreign
Govett Pacific Strategy                            5     Pacific
Guinness Flight China                              5     Pacific
G.T. Global Emerg Markets A                        5     Foreign
G.T. Global Emerg Markets B                        5     Foreign
G.T. Global Europe Growth A                        5      Europe
G.T. Global Europe Growth B                        5      Europe
G.T. Global Financial Svc A                        5    Sp. Financ
G.T. Global Financial Svc B                        5    Sp. Financ
G.T. Global Infrastructure A                       5      World
G.T. Global Infrastructure B                       5      World
G.T. Global Intl Growth B                          5     Foreign
G.T. Global Natural Resrc A                        5  Sp. Nat. Res.
G.T. Global Natural Resrc B                        5  Sp. Nat. Res.
G.T. Global New Pacific Gr B                       5     Pacific
G.T. Global Telecommun A                           5     Sp. Util
G.T. Global Telecommun B                           5     Sp. Util
G.T. Global Worldwide Grth A                       5      World
G.T. Global Worldwide Grth B                       5      World
G.T. Latin America Growth A                        5     Foreign
G.T. Latin America Growth B                        5     Foreign
Hancock Global A                                   5      World
Hancock Global B                                   5      World
Hancock Global Resources A                         5  Sp. Nat. Res.
Hancock International A                            5     Foreign
Hancock International B                            5     Foreign
Hancock Pacific Basin Eq B                         5     Pacific
Harbor International                               5     Foreign
Harbor International Growth                        5     Foreign
Hercules Latin American Val                        5     Foreign
Hercules North Amer Gr & Inc                       5      World
Hotchkis & Wiley Intl                              5     Foreign
Idex II Global A                                   5      World
Idex II Global C                                   5      World
IDS Global Growth A                                5      World
Invesco European                                   5      Europe
Invesco Worldwide Cap Goods                        5      World
Ivy Canada B                                       5     Foreign
Ivy China Region A                                 5     Pacific
Ivy China Region B                                 5     Pacific
Ivy Global A                                       5      World
Ivy Global B                                       5      World
Ivy International A                                5     Foreign
Ivy International B                                5     Foreign
Ivy International I                                5     Foreign
Janus Worldwide                                    5      World
JPM Instl Emerging Mkts Eqty                       5     Foreign
Keystone Amer Global Opp A                         5      World
Keystone Fund of Americas A                        5      World
Keystone Fund of Americas B                        5      World
Keystone Fund of Americas C                        5      World
Keystone International                             5     Foreign
Landmark Intl Equity                               5     Foreign
Lazard Emerging Markets                            5     Foreign
Lazard International Equity                        5     Foreign
Lazard International Sm Cap                        5     Foreign
Lincoln New Pacific A                              5     Pacific
Lincoln New Pacific B                              5     Pacific
Lincoln New Pacific C                              5     Pacific
Lincoln New Pacific D                              5     Pacific
Loomis Sayles Intl Equity                          5     Foreign
MainStay Global B                                  5      World
Managers Intl Equity                               5     Foreign
Mariner North America                              5      World
Marshall International Stock                       5     Foreign
MAS International Equity                           5     Foreign
MassMutual Instl Intl Eqty 1                       5     Foreign
MassMutual Instl Intl Eqty 2                       5     Foreign
MassMutual Instl Intl Eqty 3                       5     Foreign
MassMutual Instl Intl Eqty 4                       5     Foreign
Matthews Asian Convert Secs                        5     Pacific
Matthews Pacific Tiger                             5     Pacific
Merrill Lynch Asset Growth A                       5      World
Merrill Lynch Asset Growth B                       5      World
Merrill Lynch Dev Cap Mkts A                       5     Foreign
Merrill Lynch Dev Cap Mkts B                       5     Foreign
Merrill Lynch Dragon B                             5     Pacific
Merrill Lynch Dragon D                             5     Pacific
Merrill Lynch EuroFund A                           5      Europe
Merrill Lynch EuroFund B                           5      Europe
Merrill Lynch Global Holdg A                       5      World
Merrill Lynch Global Holdg B                       5      World
Merrill Lynch Global Res A                         5  Sp. Nat. Res.
Merrill Lynch Global Res B                         5  Sp. Nat. Res.
Merrill Lynch Global SmCap B                       5      World
Merrill Lynch Global SmCap D                       5      World
Merrill Lynch Latin Amer B                         5     Foreign
Merrill Lynch Latin Amer D                         5     Foreign
MFS World Equity A                                 5      World
MFS World Equity B                                 5      World
MFS World Equity C                                 5      World
MFS World Growth A                                 5      World
MFS World Growth B                                 5      World
MFS World Growth C                                 5      World
Mitchell/Kidder Emg Mkts EqA                       5     Foreign
Mitchell/Kidder Emg Mkts EqB                       5     Foreign
Mitchell/Kidder Global EqtyA                       5      World
Mitchell/Kidder Global EqtyB                       5      World
Mitchell/Kidder Global EqtyC                       5      World
Montgomery Emerging Mkts                           5     Foreign
Montgomery Global Comm                             5     Sp. Util
Montgomery Global Opportun                         5      World
Montgomery Instl Emerg Mkts                        5     Foreign
Montgomery Intl Small Cap                          5     Foreign
Morgan Grenfell Emg Mkts Eq                        5     Foreign
Morgan Stanley Asian Grth A                        5     Pacific
Morgan Stanley Asian Grth B                        5     Pacific
Morgan Stanley Emerg Mkts A                        5     Foreign
Morgan Stanley Emerg Mkts B                        5     Foreign
Morgan Stanley Glob Eq All A                       5      World
Morgan Stanley Glob Eq All B                       5      World
Morgan Stanley Instl Asia Eq                       5     Pacific
Morgan Stanley Instl Emg Mkt                       5     Foreign
Morgan Stanley Latin Amer A                        5     Foreign
Morgan Stanley Latin Amer B                        5     Foreign
Neuberger&Berman Intl                              5     Foreign
New Perspective                                    5      World
Northern Intl Select Equity                        5     Foreign
Oakmark International                              5     Foreign
Old Westbury International                         5     Foreign
Oppenheimer Glob A                                 5      World
Oppenheimer Glob B                                 5      World
Oppenheimer Glob Gro & Inc A                       5      World
Oppenheimer Glob Gro & Inc C                       5      World
Pacific European Growth                            5     Foreign
PaineWebber Atlas Global GrA                       5      World
PaineWebber Atlas Global GrB                       5      World
PaineWebber Europe Growth A                        5      Europe
PaineWebber Europe Growth B                        5      Europe
PaineWebber Global Energy B                        5  Sp. Nat. Res.
Phoenix Worldwide Opport B                         5      World
Phoneix International B                            5     Foreign
Pierpont Emerging Markets Eq                       5     Foreign
PIMCo Adv Inst BlairEmg Inst                       5     Foreign
PIMCo Adv International A                          5     Foreign
PIMCo Adv International C                          5     Foreign
Pioneer Emerging Markets A                         5     Foreign
Pioneer Emerging Markets B                         5     Foreign
Pioneer Europe A                                   5      Europe
Pioneer India A                                    5     Foreign
Pioneer India B                                    5     Foreign
Pioneer International Grth A                       5     Foreign
Pioneer International Grth B                       5     Foreign
PNC Intl Emerging Mkts Instl                       5     Foreign
Preferred International                            5     Foreign
Princor World A                                    5     Foreign
Prudential Global A                                5      World
Prudential Global B                                5      World
Prudential Global Genesis A                        5      World
Prudential Global Genesis B                        5      World
Prudential Global Nat Res B                        5  Sp. Nat. Res.
Prudential Instl Intl Stock                        5      World
Putnam Europe Growth A                             5      Europe
Putnam Global Growth A                             5      World
Putnam Global Growth B                             5      World
RBB-BEA Emerging Mkts Equity                       5     Foreign
RBB-BEA International Equity                       5     Foreign
Regis Acadian Emerging Mkts                        5     Foreign
Regis MJI Intl Equity                              5     Foreign
Rembrandt Asian Tigers Inv                         5     Pacific
Rembrandt Asian Tigers Tr                          5     Pacific
Scudder Global                                     5      World
Scudder Global Small Company                       5      World
Scudder Latin America                              5     Foreign
Scudder Pacific Opport                             5     Pacific
SEI Core Intl Equity ProVant                       5     Foreign
Seligman Henderson Glob Sm A                       5      World
Seven Seas Emerging Markets                        5     Foreign
Sit International Growth                           5     Foreign
Smith Barney European Fund B                       5      Europe
Smith Barney Global Opport A                       5      World
Smith Barney Intl Equity A                         5     Foreign
Smith Barney Intl Equity C                         5     Foreign
Smith Barney Telecomm Grth B                       5     Sp. Tech
SoGen Gold                                         5    Sp. Metals
Standish Intl Equity                               5     Foreign
SteinRoe International                             5     Foreign
Strong Asia Pacific                                5     Pacific
Target International Equity                        5     Foreign
TCW Galileo Asia Pacific Eq                        5     Pacific
TCW Galileo Emerging Markets                       5     Foreign
TCW Galileo Latin America Eq                       5     Foreign
TCW/DW Latin American Growth                       5     Foreign
Templeton Capital Accumulatr                       5      World
Templeton Developing Markets                       5     Foreign
Templeton Foreign                                  5     Foreign
Templeton Global Infrastruc                        5      World
Templeton Global Opportunity                       5      World
Templeton Instl Emerg Mkts                         5     Foreign
Templeton Instl Forgn Equity                       5     Foreign
Templeton Instl Forgn Eq(SA)                       5     Foreign
Templeton Instl Growth                             5      World
Tweedy, Browne Global Value                        5      World
T. Rowe Price European Stock                       5      Europe
T. Rowe Price Latin America                        5     Foreign
T. Rowe Price New Asia                             5     Pacific
United International Growth                        5     Foreign
United Svcs China Region Opp                       5     Pacific
USAA Investment World Growth                       5      World
UST Master Emerging Americas                       5     Foreign
UST Master Pacific/Asia                            5     Pacific
Van Eck Asia Dynasty A                             5     Pacific
Van Eck Asia Dynasty B                             5     Pacific
Van Eck Asia InfrastructureA                       5     Pacific
Van Eck Global SmallCap A                          5      World
Van Eck World Trends                               5      World
Vanguard Intl Eqty Emerg Mkt                       5     Foreign
Vontobel EuroPacific                               5     Foreign
Voyageur Intl Equity A                             5     Foreign
Warburg Pincus Intl Eq Comm                        5     Foreign
Warburg Pincus Intl Eq Instl                       5     Foreign
Warburg Pincus Intl Eq Ser 2                       5     Foreign
Wright EquiFund-Hong Kong                          5     Pacific
Wright EquiFund-Mexico Natl                        5     Foreign
Wright EquiFund-Spanish Natl                       5      Europe
Yamaichi Global                                    5      World

Category 6:Glamour


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

20th Century Giftrust Invest                       6  Small Company
20th Century Growth Investor                       6      Growth
20th Century Vista Investors                       6  Small Company
AAL Smaller Company Stock                          6  Small Company
Accolade Bonnel Growth                             6      Growth
AIM Global Aggressive Grth A                       6      World
AIM Global Aggressive Grth B                       6      World
AIM Global Growth A                                6      World
AIM Global Growth B                                6      World
AIM Growth B                                       6      Growth
AIM Weingarten                                     6      Growth
Alger Defined Growth                               6      Growth
Alger Defined MidCap Growth                        6      Growth
Alger Defined Small Cap                            6  Small Company
Alger MidCap Growth                                6      Growth
Alger Small Capitalization                         6  Small Company
Alliance Technology A                              6     Sp. Tech
Alliance Technology B                              6     Sp. Tech
Alliance Technology C                              6     Sp. Tech
Ambassador Growth Inv                              6      Growth
Ambassador Growth Ret A                            6      Growth
Ambassador Small Co Gr Fid                         6  Small Company
Ambassador Small Co Gr Ret A                       6  Small Company
American Cap Emerg Growth A                        6  Small Company
American Cap Emerg Growth B                        6  Small Company
American Cap Emerg Growth C                        6  Small Company
Berger 100                                         6      Growth
Berger Small Company Growth                        6  Small Company
Brandywine                                         6      Growth
Brandywine Blue                                    6      Growth
BT Investment Capital Apprec                       6      Growth
BT Investment Equity Apprec                        6      Growth
BT Investment Small Cap                            6  Small Company
CGM Capital Development                            6      Growth
Chesapeake A                                       6      Growth
Chesapeake Growth                                  6      Growth
Columbia Special                                   6  Small Company
Consulting Group Sm Cap Grth                       6  Small Company
Cowen Opportunity A                                6  Small Company
Dean Witter Developing Grth                        6  Small Company
Dean Witter Health Sciences                        6    Sp. Health
Dean Witter Mid-Cap Growth                         6      Growth
Delaware DelCap A                                  6      Growth
Delaware Delcap Instl                              6      Growth
Diversified Inv Equity Grth                        6      Growth
Diversified Inv Special Eqty                       6      Growth
Dominion Insight Growth                            6      Growth
Dreyfus-Wilshire Sm Co Grth                        6  Small Company
Emerald Small Cap Instl                            6  Small Company
EV Traditional Spec Equities                       6      Growth
Fidelity Adv Inst Eqty Grth                        6      Growth
Fidelity Growth Company                            6      Growth
Fidelity Mid-Cap Stock                             6      Growth
Fidelity Sel Biotechnology                         6    Sp. Health
Fidelity Sel Computers                             6     Sp. Tech
Fidelity Sel Develop Commun                        6     Sp. Tech
Fidelity Sel Electronics                           6     Sp. Tech
Fidelity Sel Medical Delivry                       6    Sp. Health
Fidelity Sel Software & Comp                       6     Sp. Tech
Fidelity Sel Technology                            6     Sp. Tech
Fidelity Small Cap Stock                           6  Small Company
First American Emerg Grth A                        6  Small Company
First American Emerg Grth B                        6  Small Company
First American Emerg Grth C                        6  Small Company
First American Technology A                        6     Sp. Tech
First American Technology B                        6     Sp. Tech
First American Technology C                        6     Sp. Tech
Flag Inv Emerging Growth                           6  Small Company
Fortis Advant Capital Appr A                       6  Small Company
Fortis Growth A                                    6      Growth
Founders Discovery                                 6  Small Company
Founders Frontier                                  6  Small Company
Franklin CA Growth                                 6      Growth
Franklin Global Health Care                        6    Sp. Health
Franklin Small Cap Growth                          6  Small Company
Galaxy Small Co Equity Ret                         6  Small Company
Glenmede Small Cap Equity                          6  Small Company
Govett Smaller Companies                           6  Small Company
G.T. Global America Growth A                       6  Small Company
Hancock Discovery A                                6  Small Company
Hancock Discovery B                                6  Small Company
Hancock Emerging Growth A                          6  Small Company
Hancock Emerging Growth B                          6  Small Company
Hancock Global Rx A                                6    Sp. Health
Hancock Global Rx B                                6    Sp. Health
Hancock Global Technology A                        6     Sp. Tech
Hancock Global Technology B                        6     Sp. Tech
Hancock Special Equities A                         6  Small Company
Hancock Special Equities B                         6  Small Company
Hancock Special Equities C                         6  Small Company
Harbor Growth                                      6      Growth
Hotchkis & Wiley Small Cap                         6  Small Company
IAI Emerging Growth                                6  Small Company
IDS Discovery A                                    6  Small Company
IDS Growth A                                       6      Growth
Invesco Emerging Growth                            6  Small Company
Invesco Strat Health Science                       6    Sp. Health
Invesco Strat Technology                           6     Sp. Tech
Invesco Worldwide Commun                           6     Sp. Util
Israel Growth                                      6     Foreign
Janus Mercury                                      6      Growth
Jurika & Voyles Mini-Cap                           6  Small Company
Jurika & Voyles Value+Growth                       6      Growth
Kemper Small Cap Equity A                          6  Small Company
Kemper Small Cap Equity B                          6  Small Company
Kemper Small Cap Equity C                          6  Small Company
Kemper Technology B                                6     Sp. Tech
Keystone Amer Global Opp B                         6      World
Keystone Amer Global Opp C                         6      World
Keystone Amer Hartwell EmGrA                       6  Small Company
Keystone Amer Hartwell EmGrB                       6  Small Company
Keystone Amer Hartwell EmGrC                       6  Small Company
Keystone Amer Hartwell Gr A                        6      Growth
Lincoln Enterprise A                               6      Growth
Lincoln Enterprise B                               6      Growth
Lincoln Enterprise C                               6      Growth
Lincoln Enterprise D                               6      Growth
Lord Abbett Developing Grth                        6  Small Company
Lutheran Brotherhood Oppt Gr                       6  Small Company
MainStay Capital Apprec B                          6      Growth
MainStay Inst Grth Eq Inst                         6      Growth
Manning & Napier Small Cap                         6  Small Company
MAS Emerging Growth                                6  Small Company
Meridian                                           6  Small Company
MFS Emerging Equities                              6  Small Company
MFS Emerging Growth A                              6  Small Company
MFS Emerging Growth B                              6  Small Company
MFS OTC A                                          6      Growth
MFS OTC B                                          6      Growth
MFS OTC C                                          6      Growth
MIM Stock Appreciation                             6      Growth
Mitchell/Kidder Sm Cap EqtyA                       6  Small Company
Montgomery Small Cap                               6  Small Company
Morgan Stanley Instl Emg Gr                        6  Small Company
Nations Emerging Grth Inv A                        6      Growth
Nations Emerging Grth Inv C                        6      Growth
Nations Emerging Grth Inv N                        6      Growth
Nations Emerging Grth Tr A                         6      Growth
Nations Special Equity Inv A                       6      Growth
Nations Special Equity Tr A                        6      Growth
Navellier Aggr Small Cap Eq                        6  Small Company
New USA Mutual                                     6      Growth
Nicholas-Applegate Em Grth A                       6  Small Company
Nicholas-Applegate Em Grth C                       6  Small Company
Nicholas-Applegate Em GrthIn                       6  Small Company
Oberweis Emerging Growth                           6  Small Company
Oppenheimer Discovery A                            6  Small Company
Oppenheimer Discovery B                            6  Small Company
Oppenheimer Discovery Y                            6  Small Company
Oppenheimer Glob Emerg Grth                        6      World
OVB Emerging Growth A                              6  Small Company
OVB Emerging Growth B                              6  Small Company
PaineWebber Capital Apprec D                       6      Growth
Paragon Gulf South Growth A                        6      Growth
Parkstone Equity Inv A                             6      Growth
Parkstone Equity Inv B                             6      Growth
Parkstone Small Cap Instl                          6  Small Company
Parkstone Small Cap Inv A                          6  Small Company
Parkstone Small Cap Inv B                          6  Small Company
PBHG Emerging Growth                               6  Small Company
PBHG Growth                                        6  Small Company
Perkins Opportunity                                6      Growth
PIC Small Cap Growth                               6  Small Company
Pierpont Capital Apprec                            6  Small Company
PIMCo Adv Inst Cad MicroInst                       6  Small Company
PIMCo Adv Inst Cad Sm Inst                         6  Small Company
Pin Oak Aggressive Stock                           6  Small Company
Piper Jaffray Emerging Grth                        6  Small Company
PNC Small Cap Grth Eqty Inst                       6  Small Company
PNC Small Cap Grth Eqty Inv                        6  Small Company
PNC Small Cap Grth Eqty Svc                        6  Small Company
Preferred Growth                                   6      Growth
Putnam New Opportunities A                         6      Growth
Putnam New Opportunities B                         6      Growth
Putnam OTC Emerging Growth A                       6  Small Company
Putnam OTC Emerging Growth B                       6  Small Company
Quantitative Numeric Instl                         6  Small Company
Quantitative Numeric Ord                           6  Small Company
Regis Rice Hall James SmlCap                       6  Small Company
Regis Sirach Special Equity                        6  Small Company
Reynolds Opportunity                               6      Growth
Robertson Stephens Emrg Grth                       6  Small Company
Robertson Stephens Val+Grth                        6  Small Company
RSI Retrmnt Emerging Growth                        6  Small Company
Scudder Development                                6  Small Company
SEI Instl Mid-Cap Gr A                             6      Growth
SEI Instl Small Cap Gr A                           6  Small Company
SEI Instl Small Cap Gr ProV                        6  Small Company
Seligman Communicate&Info A                        6     Sp. Tech
Seligman Frontier A                                6  Small Company
Seligman Frontier D                                6  Small Company
Seligman Henderson Glob TecA                       6     Sp. Tech
Seligman Henderson Glob TecD                       6     Sp. Tech
Sit Growth                                         6      Growth
Smith Barney Spec Equities B                       6  Small Company
Special Portfolios Stock                           6      Growth
Stagecoach Instl Growth Stck                       6      Growth
Standish Small Cap Equity                          6  Small Company
State St Research Sm Cap GrA                       6  Small Company
State St Research Sm Cap GrB                       6  Small Company
State St Research Sm Cap GrC                       6  Small Company
State St Research Sm Cap GrD                       6  Small Company
SunAmerica Mid Cap Growth B                        6      Growth
Target Small Cap Growth                            6  Small Company
TCW Galileo Small Cap Growth                       6  Small Company
TCW/DW Small Cap Growth                            6  Small Company
Turner Small Cap Equity                            6  Small Company
T. Rowe Price Mid-Cap Growth                       6      Growth
T. Rowe Price New America Gr                       6      Growth
T. Rowe Price New Horizons                         6  Small Company
T. Rowe Price Science & Tech                       6     Sp. Tech
United New Concepts                                6  Small Company
UST Master Commun & Entertmt                       6      Growth
UST Master Early Life Cycle                        6  Small Company
UST Master Productivity Enh                        6      Growth
Vanguard Index Small Cap Stk                       6  Small Company
Voyageur Aggressive Growth A                       6      Growth
Voyageur Aggressive Growth C                       6      Growth
Waddell & Reed Growth                              6      Growth
Warburg Pincus Emerg Gr Comm                       6  Small Company
Warburg Pincus Emerg Gr Ser2                       6  Small Company
Wasatch Growth                                     6      Growth
Wasatch Mid-Cap                                    6      Growth
Westcore Midco Growth Instl                        6      Growth
Westcore Midco Growth Ret                          6      Growth
WPG Growth                                         6  Small Company
WPG Tudor                                          6      Growth

Category 7:International


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective


Accessor Intl Equity                               7     Foreign
Aetna International Grth Adv                       7     Foreign
Aetna International Grth Sel                       7     Foreign
AIM International Equity A                         7     Foreign
AIM International Equity B                         7     Foreign
Alliance International A                           7     Foreign
Alliance International B                           7     Foreign
Alliance International C                           7     Foreign
Alliance New Europe A                              7      Europe
Alliance New Europe B                              7      Europe
Alliance New Europe C                              7      Europe
American AAdvant Intl EqInst                       7     Foreign
American AAdvant Intl EqMilg                       7     Foreign
American Cap Global Equity A                       7      World
American Cap Global Equity B                       7      World
American Cap Global Equity C                       7      World
Arch Intl Equity Instl                             7     Foreign
Arch Intl Equity Tr                                7     Foreign
Asia House ASEAN Growth                            7     Pacific
Asia House Far East Growth                         7     Pacific
Babson-Stewart Ivory Intl                          7     Foreign
Bailard, Biehl Intl Equity                         7      World
Benchmark Intl Growth A                            7     Foreign
Benham Global Natur Res Indx                       7  Sp. Nat. Res.
Bernstein Intl Value                               7     Foreign
Brinson Non-U.S. Equity                            7     Foreign
Calvert World Value Glob EqC                       7      World
Cambridge Global A                                 7      World
Cambridge Global B                                 7      World
Capstone Nikko Japan                               7     Pacific
Columbia International Stock                       7     Foreign
Compass Cap Intl Equity                            7     Foreign
Consulting Group Intl Equity                       7     Foreign
CoreFund Intl Growth A                             7     Foreign
CoreFund Intl Growth B                             7     Foreign
Dean Witter Global Div Grth                        7      World
Dean Witter Intl Small Cap                         7     Foreign
Delaware Intl Equity A                             7     Foreign
DFA Continental Small Compny                       7      Europe
DFA Intl High Book to Market                       7     Foreign
DFA Intl Value                                     7     Foreign
DFA Japanese Small Company                         7     Pacific
DFA Large Cap International                        7     Foreign
DFA United Kingdom Small Co                        7      Europe
Dreyfus/Laurel Intl Inv                            7     Foreign
Enterprise Intl Growth                             7     Foreign
Fidelity Adv Overseas A                            7     Foreign
Fidelity Diversified Intl                          7     Foreign
Fidelity Europe Capital Appr                       7      Europe
Fidelity Intl Growth & Inc                         7     Foreign
Fidelity Japan                                     7     Pacific
Fidelity Overseas                                  7     Foreign
Fidelity Pacific Basin                             7     Pacific
Fidelity Sel Natural Gas                           7  Sp. Nat. Res.
First Union Intl Eqty A Invt                       7     Foreign
First Union Intl Eqty B Invt                       7     Foreign
First Union Intl Eqty C Invt                       7     Foreign
First Union Intl Eqty Y                            7     Foreign
Fountain Sq Intl Equity                            7     Foreign
Fremont Intl Small Cap                             7     Foreign
FT International Equity A                          7     Foreign
FT International Equity C                          7     Foreign
Galaxy Intl Equity Ret                             7     Foreign
GAM Japan Capital                                  7     Pacific
GAM Pacific Basin                                  7     Pacific
Glenmede Instl International                       7     Foreign
Glenmede International                             7     Foreign
Govett International Equity                        7     Foreign
Guardian Baillie Giff Intl                         7     Foreign
G.T. Global Intl Growth A                          7     Foreign
G.T. Global Japan Growth A                         7     Pacific
G.T. Global Japan Growth B                         7     Pacific
G.T. Global New Pacific Gr A                       7     Pacific
Hancock Pacific Basin Eq A                         7     Pacific
Hercules Pacific Basin Value                       7     Pacific
IAI International                                  7     Foreign
IDS International A                                7      World
International Equity                               7     Foreign
Invesco International Growth                       7     Foreign
Invesco Pacific Basin                              7     Pacific
Janus Overseas                                     7     Foreign
Japan                                              7     Pacific
JPM Instl International Eqty                       7     Foreign
Kemper International A                             7     Foreign
Kemper International B                             7     Foreign
Kemper International C                             7     Foreign
Kent Intl Growth Instl                             7     Foreign
Kent Intl Growth Invmt                             7     Foreign
Lexington Global                                   7      World
Lexington International                            7     Foreign
Lincoln World Growth A                             7     Foreign
Lincoln World Growth B                             7     Foreign
Lincoln World Growth C                             7     Foreign
Lincoln World Growth D                             7     Foreign
Lord Abbett Global Equity                          7      World
MainStay Inst EAFE Instl                           7     Foreign
MainStay Intl Equity B                             7     Foreign
Merrill Lynch Consults Intl                        7     Foreign
Merrill Lynch Intl Equity B                        7     Foreign
Merrill Lynch Intl Equity D                        7     Foreign
Merrill Lynch Pacific A                            7     Pacific
Merrill Lynch Pacific B                            7     Pacific
Morgan Grenfell Intl Sm Cap                        7     Foreign
Morgan Stanley Instl Act Ctr                       7     Foreign
Morgan Stanley Instl Euro Eq                       7      Europe
Morgan Stanley Instl Glo Eq                        7      World
Morgan Stanley Instl Intl Eq                       7     Foreign
Morgan Stanley Instl Intl Sm                       7     Foreign
Morgan Stanley Instl Jap Eq                        7     Pacific
Morgan Stanley Instl SmCapEq                       7  Small Company
Nations Intl Equity Inv A                          7     Foreign
Nations Intl Equity Inv C                          7     Foreign
Nations Intl Equity Inv N                          7     Foreign
Nations Intl Equity Tr A                           7     Foreign
New England Intl Equity A                          7     Foreign
New England Intl Equity B                          7     Foreign
Nicholas-Applegate Intl Inst                       7     Foreign
Nicholas-Applegate Wrld A                          7      World
Nicholas-Applegate Wrld C                          7      World
Nicholas-Applegate Wrld Inst                       7      World
Nomura Pacific Basin                               7     Pacific
North American Global Grth A                       7      World
North American Global Grth B                       7      World
North American Global Grth C                       7      World
Northern Intl Growth Equity                        7     Foreign
ONE Fund International                             7     Foreign
One Group Intl Eqty Idx A                          7     Foreign
One Group Intl Eqty Idx B                          7     Foreign
One Group Intl Eqty Idx Fid                        7     Foreign
One Group Intl Eqty Idx Retr                       7     Foreign
PaineWebber Global Energy A                        7  Sp. Nat. Res.
Parkstone Intl Disc Instl                          7     Foreign
Parkstone Intl Disc Inv A                          7     Foreign
Parkstone Intl Disc Inv B                          7     Foreign
PBHG International                                 7     Foreign
Phoenix International A                            7     Foreign
Pierpont Intl Equity                               7     Foreign
Pilot Kleinwort Intl Eq Adm                        7     Foreign
Pilot Kleinwort Intl Eq Pil                        7     Foreign
PIMCo Adv Inst BlairIntl Ins                       7     Foreign
PIMCo Adv Inst Para IntEqIns                       7     Foreign
Pioneer Europe B                                   7      Europe
PNC International Eqty Instl                       7     Foreign
PNC International Eqty Inv                         7     Foreign
PNC International Eqty Svc                         7     Foreign
Portico Intl Equity Instl                          7     Foreign
Prudential Europe Growth A                         7      Europe
Prudential Europe Growth B                         7      Europe
Prudential Global C                                7      World
Prudential Global Genesis C                        7      World
Prudential Pacific Growth A                        7     Pacific
Prudential Pacific Growth B                        7     Pacific
Prudential Pacific Growth C                        7     Pacific
Putnam Asia Pacific Growth A                       7     Pacific
Putnam Asia Pacific Growth B                       7     Pacific
Putnam Europe Growth B                             7      Europe
Putnam Overseas Growth A                           7     Foreign
Quantitative Intl Eqty Ord                         7     Foreign
Quest for Value Global Eq A                        7      World
Quest for Value Global Eq B                        7      World
Quest for Value Global Eq C                        7      World
Regis Acadian Intl Equity                          7     Foreign
Regis McKee Intl Equity                            7     Foreign
Regis TS&W Intl Equity                             7     Foreign
Rembrandt Intl Equity Inv                          7     Foreign
Rembrandt Intl Equity Tr                           7     Foreign
Robertson Stephens Emrg Mkts                       7     Foreign
Rodney Square Intl Equity                          7     Foreign
RSI Retrmnt Intl Equity                            7     Foreign
SBC World Growth                                   7      World
Schwab International Index                         7     Foreign
Scottish Widows Intl                               7     Foreign
Scudder International                              7     Foreign
Security Global A                                  7      World
SEI Core Intl Equity A                             7     Foreign
SEI International Euro EqtyA                       7      Europe
SEI International Pac Bas A                        7     Pacific
Seligman Henderson Intl A                          7     Foreign
Sentinel World                                     7     Foreign
Sierra International GrowthA                       7     Foreign
Smith Barney Global Opport B                       7      World
State St Research Gl Enrgy B                       7  Sp. Nat. Res.
State St Research Gl Enrgy C                       7  Sp. Nat. Res.
State St Research Gl Enrgy D                       7  Sp. Nat. Res.
State St Research Intl Eq A                        7     Foreign
State St Research Intl Eq B                        7     Foreign
State St Research Intl Eq C                        7     Foreign
State St Research Intl Eq D                        7     Foreign
STI Classic Intl Eqty Idx Tr                       7     Foreign
STI Classic Intl Eqty IdxInv                       7     Foreign
Strong International Stock                         7     Foreign
T. Rowe Price Foreign Equity                       7     Foreign
T. Rowe Price Intl Discovery                       7     Foreign
T. Rowe Price Intl Stock                           7     Foreign
T. Rowe Price Japan                                7     Pacific
USAA Investment Intl                               7     Foreign
UST Master International                           7     Foreign
UST Master Pan-European                            7      Europe
Vanguard Intl Eqty European                        7      Europe
Vanguard Intl Eqty Pacific                         7     Pacific
Vanguard Intl Growth                               7     Foreign
Vanguard/Trustees' Eqty Intl                       7     Foreign
Victory Foreign Markets                            7     Foreign
Victory International Growth                       7     Foreign
Vista International Equity A                       7     Foreign
Vista International Equity B                       7     Foreign
Voyageur Intl Equity C                             7     Foreign
William Blair Intl Growth                          7     Foreign
Working Assets Cit Global Eq                       7      World
WPG International                                  7     Foreign
Wright EquiFund-Belg/Lux Nat                       7      Europe
Wright EquiFund-Dutch Natl                         7      Europe
Wright EquiFund-Italian Natl                       7      Europe
Wright EquiFund-Japanese Nat                       7     Pacific
Wright Intl Blue Chip Equity                       7     Foreign

Category 8:Metal Funds


Fund Name                          Brown & Goetzmann    Morningstar
                                   Category Code        Objective

Benham Gold Equities Index                         8    Sp. Metals
Blanchard Precious Metals                          8    Sp. Metals
Bull & Bear Gold Investors                         8    Sp. Metals
Cappiello-Rushmore Gold                            8    Sp. Metals
Dean Witter Prec Mets & Mins                       8    Sp. Metals
Excel Midas Gold                                   8    Sp. Metals
Fidelity Sel American Gold                         8    Sp. Metals
Fidelity Sel Prec Mets&Mins                        8    Sp. Metals
Franklin Gold                                      8    Sp. Metals
Gabelli Gold                                       8    Sp. Metals
IDS Precious Metals A                              8    Sp. Metals
Invesco Strat Gold                                 8    Sp. Metals
Keystone Precious Metals Hld                       8    Sp. Metals
Lexington Goldfund                                 8    Sp. Metals
Lexington Strategic Invmnts                        8    Sp. Metals
Lexington Strategic Silver                         8    Sp. Metals
MainStay Nat Resrc/Gold B                          8    Sp. Metals
MFS Gold & Natural ResourceA                       8    Sp. Metals
MFS Gold & Natural ResourceB                       8    Sp. Metals
Monitrend Gold                                     8    Sp. Metals
Oppenheimer Gold & Spec Min                        8    Sp. Metals
Peter Grandich Contrarian                          8      World
PIMCo Adv Precious Metals A                        8    Sp. Metals
PIMCo Adv Precious Metals C                        8    Sp. Metals
Pioneer Gold Shares A                              8    Sp. Metals
Pioneer Gold Shares B                              8    Sp. Metals
Rydex Precious Metals                              8    Sp. Metals
Scudder Gold                                       8    Sp. Metals
Smith Barney Prec Met&Min A                        8    Sp. Metals
Smith Barney Prec Met&Min B                        8    Sp. Metals
United Svcs Global Resources                       8  Sp. Nat. Res.
United Svcs Gold Shares                            8    Sp. Metals
United Svcs World Gold                             8    Sp. Metals
USAA Investment Gold                               8    Sp. Metals
Van Eck Gold/Resources A                           8    Sp. Metals
Van Eck Intl Invest Gold A                         8    Sp. Metals
Vanguard Spec Gold&Prec Mets                       8    Sp. Metals