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BULL & BEAR RESERVES MONEY MARKET FUND RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 4 /PRNewswire/ -- Bull & Bear Dollar Reserves Money Market Fund is rated "AAA" by Fitch. The rating reflects the portfolio's high credit quality and conservative investment policies. In addition, the rating is indicative of the fund's strong ability to maintain a constant $1 per share valuation at all times. The fund provides Fitch with weekly valuation reports.
 The fund invests exclusively in obligations of the U.S. Government or its agencies or instrumentalities. The investment objective is to provide shareholders with maximum current income consistent with preservation of capital and maintenance of liquidity. The fund is managed so that the average maturity of all instruments on a dollar- weighted basis does not exceed 75 days, and all investments have a remaining maturity of less than 397 days. As of Sept. 30, 1993, the average maturity was 54 days.
 While the fund may transact repurchase agreements (repos), the policy of management is not to utilize repos in structuring the portfolio. Although the fund's investment limitations permit investment in bank obligations and instruments secured thereby, high quality commercial paper, and high grade corporate obligations, the fund will not do so until giving its shareholders at least 60 days notice of a change in this policy.
 The fund's income paid to shareholders in all states except Pennsylvania is exempt from state income as outlined in the current prospectus.
 Bull & Bear Advisors, Inc. is the manager of the fund. The manager is a wholly owned subsidiary of Bull & Bear Group, Inc. (NASDAQ Small Cap: BNBG). The group's principal business has been to serve as investment manager to registered investment companies. While investment management remains a major source of revenue, discount brokerage operations have grown in importance to the group's operations.
 -0- 11/4/93
 /CONTACT: Peter Jordan of Fitch, 212-908-0566/
 (BNBG)


CO: Bull & Bear Advisors, Inc. ST: IN: FIN SU: RTG

MP -- NY116 -- 0938 11/04/93 16:39 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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