Most big mutual funds see red

The 10 largest mutual funds dropped in value in the second quarter. Only the Fidelity Growth & Income Fund finished the quarter in the black. Fidelity's Magellan Fund, which has been the largest mutual fund for the past 11 years, fell to the No. 2 position, surpassed by the Vanguard 500 Index Fund. The top fund held assets worth more than $102 billion as of the end of May.

Fund Name 2nd qtr. 1 year

Vanguard 500 Index Inv -2.6% 7.3% 800-662-7447

Fidelity Magellan Fund -4.0 9.8 800-544-8888

Investment Co. of America A -1.1 6.4 800-421-4120

Washington Mutual Inv -3.1 -11.3 800-421-4120

Janus Fund -6.7 26.9 800-525-8983

Fidelity Contrafund -6.6 10.5 800-544-8888

Fidelity Growth & Income 0.2 4.2 800-544-8888

Amer Cent: AC Ultra Inv -10.3 21.0 800-345-2021

Janus Worldwide -8.5 49.2 800-525-8983

EuroPacific Growth A -6.7 33.2 800-421-4120

Source: Lipper Inc.

(c) Copyright 2000. The Christian Science Publishing Society