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LIBERTY FINANCIAL FUNDS PASS $1 BILLION MARK

 LIBERTY FINANCIAL FUNDS PASS $1 BILLION MARK
 BOSTON, July 29 /PRNewswire/ -- The Liberty Financial Funds have


become the newest mutual fund family to reach over $1 billion in assets under management. The Boston-based fund group's assets were only $372 million at the end of 1990, making it one of the fastest growing fund groups in the mutual fund industry.
 According to Kenneth R. Leibler, president of Liberty Financial Companies, the parent of the Liberty Financial Funds, "This milestone represents Liberty Financial's growing recognition as a premiere mutual fund manager. The assets in the Liberty Financial Funds have almost tripled in the last two years. This is largely due to the increasing number of banks selling mutual funds. Our fund's conservative management style tends to be attractive to typical bank clients."
 The Liberty Financial Funds offer a wide range of mutual funds for investors, including a U.S. government securities fund, a national tax- free fund and a utility fund. Liberty Financial expects to offer a new growth and income fund beginning next month.
 Liberty Financial also manages over $4.1 billion in no-load mutual funds through its Stein Roe unit and an additional $650 million in the closed-end Liberty All-Star Equity Fund (NYSE: USA).
 Liberty Financial Companies is a widely diversified financial services organization with over $28 billion in assets under management. It operates seven subsidiaries: Stein, Roe & Farnham; Liberty Asset Management; Keyport Life, a major insurer; and investment services company; a venture capital firm; and a real estate advisor and management company.
 -0- 7/29/92
 /CONTACT: William Rice of Liberty Financial, 617-722-6000, or Trina Chiara of Ruder-Finn, 212-593-6373, for Liberty Financial/ CO: Liberty Financial Companies Inc. ST: Massachusetts IN: FIN SU:


CK-TS -- NY002 -- 4406 07/29/92 07:59 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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