MONEY MANAGEMENT FIRMS.

Ranked by assets managed as of December 30, 1999

EXECUTIVE SUMMARY

IN general terms, a money manager can be described as someone who helps investors meet their needs and objectives for investments, tax planning, asset allocation, retirement planning, risk management and estate planning.

The firms making up this year's list deal with all kinds of investing, including money-market accounts, mutual funds, real estate and, of course, stocks and bonds. All told, these 25 companies manage assets totaling $893.6 billion, a 36 percent increase over assets managed by last year's top 25 firms.

Just over half of the top 25 firms on the list manage foreign assets, an area that seems to be changing. Last year, the most common foreign asset was American Depository Receipts, which allow U.S. investors to buy and trade shares of international companies on U.S. exchanges rather than in overseas markets. This year, investing directly in foreign stocks is becoming a much more common practice as information becomes more readily available and global communication becomes easier and more widespread.

THE PACESETTER

CAPITAL RESEARCH & MANAGEMENT CO.

NOT only is Capital Research & Management Co. the largest money management firm in L.A. County, its American Funds is the third-largest fund family in the United States, comprised of 29 funds with assets of more than $350 billion.

Founded in 1931 by Jonathan Bell Lovelace, Capital Research has a worldwide workforce exceeding 4,500 at four national service centers and nine international investment offices.

Capital's investors were offered a new option this year. For the first time, Capital began offering B shares. Prior to March, Capital had been strictly an A-share company. The difference is in how payments are made to the financial advisor. With A shares, money is taken up-front out of the investment sum. With B shares, money is paid out over time.

Capital's funds are sold only through brokers. The firm's investment strategy is long-term-value oriented. Capital holds on to each stock for an average of four years before selling.

Like most money managers, Capital does not actively market itself to seek investors. The company communicates through brokers and dealers. In the event of a new fund or new shares, Capital informs investment companies such as Smith Barney and PaineWebber, which in turn advise and inform their clients.

Rank Firm                               Assets Managed
     * name                               (billions)
     * address                          * Dec. 30, 1999
                                        * Dec. 30, 1998
   1 Capital Research & Management Co.      $362.4
     333 S. Hope St.                        $296.5
     Los Angeles 90071
   2 Capital Guardian Trust Co.              122.7
     333 S. Hope St., 51st Floor             81.3
     Los Angeles 90071
   3 TCW Group                               71.1
     865 S. Figueroa St., Suite 1800         54.5
     Los Angeles 90017
   4 Western Asset Management Co.             65
     117 E. Colorado Blvd., Sixth Floor       52
     Pasadena 91105
   5 Dimensional Fund Advisors               34.1
     1299 Ocean Ave.                         27.9
     Santa Monica 90401
   6 First Quadrant LP                       32.1
     800 E. Colorado Blvd., Suite 900        26.7
     Pasadena 91101
   7 Payden & Rygel                          28.1
     333 S. Grand Ave.                       26.7
     Los Angeles 90071
   8 Boston Co. Asset Management LLC         24.2
     400 S. Hope St.                         22.3
     Los Angeles 90071
   9 Provident Investment Counsel            24.2
     300 N. Lake Ave.                        20.4
     Pasadena 91101
  10 HighMark Capital Management             19.8
     445 S. Figueroa St., Third Floor        17.7
     Los Angeles 90071
  11 Roger Engemann & Associates Inc.        17.5
     600 N. Rosemead Blvd.                    8.4
     Pasadena 91107
  12 Wilshire Asset Management               12.8
     1299 Ocean Ave., Suite 700               8.6
     Santa Monica 90401
  13 Hotchkis & Wiley                        12.6
     725 S. Figueroa St., Suite 4000         14.4
     Los Angeles 90017
  14 Roxbury Capital Management              11.2
     100 Wilshire Blvd., Suite 600             6
     Santa Monica 90401
  15 U.S. Trust Co. N.A.                     10.1
     515 S. Flower St., Suite 2700             8
     Los Angeles 90071
Rank              Financial Products Offered               Minimum
                        (partial list)                     Separate
                                                           Account
                                                          (millions)
   1            mutual funds, annuity products              varies
   2   U.S., non-U.S., and global equity; fixed income    varies by
                and balanced; emerging markets             product
   3 large-cap equities, small and mid-cap equities, core   varies
     fixed high-yield, mortgages, international equities,
     international fixed income, alternative investments
   4    enhanced cash; limited, intermediate and long        $75
       duration; core; core full discretion; high-yield
   5    small company strategy, one-year fixed income,        10
        global fixed income, small company, large-cap
                  value, enhanced U.S. large
   6     international and domestic equity, tactical          25
     options, global tactical asset allocation, tactical
                     currency allocation
   7    core, high-yield, global and emerging markets         25
         bond; enhanced cash; U.S. small, middle and
                        large equities
   8    large, middle and small cap-equity management,        5
              fixed income, cash, international
   9      growth equity, balanced management, active          5
            fixed income, taxable asset management
  10        growth, value momentum, income equity,            1
        small-cap value, balanced, intermediate fixed,
                 cash management, core-fixed
  11       individually managed accounts, large-cap          0.1
             growth, balanced, small and mid-cap
                     growth, mutual funds
  12     institutional accounts - various objectives,         10
         Wilshire target funds - Wilshire 5000, large
        growth, large value, small growth, small value
  13   large, mid, and small-cap value equity, interna-       25
        tional and global value equity, total return,
          intermediate and low-duration fixed income
  14          large-cap growth, small to mid-cap              1
           growth, balanced, focus non-diversified,
                     socially responsible
  15    investment management, private banking, trust         2
        and estate administration, financial planning,
         special fiduciary services, corporate trust
Rank          Mutual Funds                   Foreign Assets
     * Available for avg. individual            Managed
                investors                    (partial list)
       * minimum investment amount
   1               yes                  equities, fixed income,
                 varies                  convertible securities
   2               no                     corporate and public
                   NA                         fund assets
   3               yes                   foreign corporations,
                 $2,000                 government accounts and
                                       high net worth individuals
   4               yes               emerging markets; global core,
                1 million              full discretion and high-
                                          yield; international
   5               yes                 small and large-cap value,
                2 million                  emerging small and
                                             large markets
   6               no                   foreign equities, index
                   NA                       futures, forward
                                               contracts
   7               yes                global fixed income, global
                  5,000                  equity, international
                                                 equity
   8               yes                    international equity
                  1,000                    management, inter-
                                         national fixed income
   9               yes                            none
                  2,000
  10               yes                            none
                  2,000
  11               yes                            none
                   500
  12               yes                            none
                  2,500
  13               yes                    international value
                 10,000                   equity, global value
                                                 equity
  14               yes                            none
                  2,000
  15               yes                       Pan-European,
                   500                    Pacific/Asia, Latin
                                                America
Rank L.A. County Statf Key Executives
     * portfolio mgrs. * chief investment officer
       * researchers   * client contact
                       * phone
   1        19         James Rothenberg
            38         Michael Johnston
                       [phone]
   2        12         David Fisher
            37         John Seiter
                       [phone]
   3        37         P. Barach/D. Foreman/J. Baz
            46         Mark Gibello
                       [phone]
   4        16         S. Kenneth Leech
            10         James S. Boutilier
                       [phone]
   5         9         Rex Sinquefield
             4         George Sands
                       [phone]
   6         6         Curt Ketterer
            15         Rick Roberts
                       [phone]
   7        21         Investment Policy Committee
            19         John Siciliano
                       [phone]
   8         1         Quinn Stills
             2         Mac Clapp
                       [phone]
   9        17         none
            10         F. Brown Windle
                       [phone]
  10         4         Luke Mazur
             0         Chip Howard
                       [phone]
  11         2         Roger Engemann
            10         Matthew L. Hall
                       [phone]
  12         3         Tom Stevens
             2         Paul Legvold
                       [phone]
  13        18         George Davis
            17         Donald Steinbrugge
                       [phone]
  14         9         Anthony Browne
             9         James Kemp
                       [phone]
  15        17         Robert Raney
             3         Mark Talt
                       [phone]
16 Northern Trust Bank of California N.A. $7.9
   355 S. Grand Ave., Suite 2600          $6.5
   Los Angeles 90071
17 Metropolitan West Asset Management LLC 6.5
   11766 Wilshire Blvd., Auite 1580       3.3
   Los Angeles 90025
18 NWQ Investment Management Co.           6
   2049 Century Park E., Fourth Floor     8.2
   Los Angeles 90067
19 Pacific Financial Research             5.7
   9601 Wilshire Blvd., Suite 800         6.7
   Beverly Hills 90210
20 Delta Asset Management                 5.7
   333 S. Grand Ave., Suite 1450          5.5
   Los Angeles 90071
21 Kayne Anderson Investment Management   5.4
   1800 Avenue of the Stars, Second Floor 4.1
   Los Angeles 90067
22 First Pacific Advisors                 3.1
   11400 W. Olympic Blvd., Suite 1200     3.6
   Los Angeles 90064
23 Fiduciary Trust International of       2.2
   California                              2
   444 S. Flower St., Suite 3010
   Los Angeles 90071
24 RNC Capital Management                 1.6
   11601 Wilshire Blvd., Suite 2500       1.3
   Los Angeles 90025
25 Financial Management Advisors Inc.     1.6
   1900 Avenue of the Stars, Suite 900    1.1
   Los Angeles 90067
16     private banking, personal trust,       $1    yes
     investment management, corporate and          $2,500
    institutional serivices, mutual funds
17    fixed income portfolio management       25    yes
                                                   5,000
18  balanced, defensive equity, small-cap     2     yes
            value, special equity                  2,500
19     large cap value (95+ equity and        25    yes
            unconventional value)                  5,000
20  top down core equity with growth bias     20     no
            (large-cap, domestic)                    NA
21        large, mid, and small-cap,          5     yes
     international, global, intermediate           2,000
                 fixed income
22  small/middle cap quality, small/middle    10    yes
         cap value, contrarian value,              1,500
              intermediate fixed
23   U.S. large-cap growth, international     2     yes
     equity, core fixed income, after-tax          10,000
    fixed income, balanced, custody, trust
                   services
24  equity, balanced, convertible, taxable   0.25   yes
    fixed income, non-taxable fixed income         1,000
25   large-cap equity, core fixed income,   varies   no
   cash management high-yield fixed income,          NA
     opportunistic fixed income, balanced
                  management
16          American           12 Lynn Danielson
       Depository Receipts      0 Bob Tiedemann
                                  [phone]
17            none              4 Tad Rivelle
                                6 Chris Scibelli
                                  [phone]
18            none             11 David Polak
                               10 Sundeep Vira
                                  [phone]
19            none              5 James Gipson
                                7 Paula Ponsetto
                                  [phone]
20            none              2 Robert Sandroni
                                2 William Hibschman
                                  [phone]
21    international, global     8 Allan Rudnick
                                4 K. Welsh/V. Norton
                                  [phone]
22            none              4 Robert Rodriguez
                                4 Cheryl Schmitz
                                  [phone]
23 international equity, euro-  7 Jeremy Biggs
     pean small cap equity,     0 Judy C. Hudson
   international fixed income     [phone]
24            none              5 Daniel Genter
                                4 same
                                  [phone]
25            none              6 Kenneth Malamed
                                7 Madelyn Murray
                                  [phone]

NA -- Not Applicable

Note: The information on this list was supplied by representatives of the companies themselves. Firms are ranked by assets managed as of December 30,1999 and assets managed as of December 30, 1998, respectively. This survey was completed during the week of May 29, 2000.