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FORTIS FINANCIAL GROUP INTRODUCES PRIVILEGED ACCOUNT SERVICE

 ST. PAUL, Minn., July 6 /PRNewswire/ -- Fortis Financial Group has introduced Privileged Account Service, the first service that allows investors to select an asset allocation among stock, bond and money market mutual funds that meets their investment needs and automatically maintains the portfolio mix.
 "This disciplined approach helps investors to `buy low and sell high' to take advantage of the normal price fluctuations of stocks and bonds," said Kyle Selberg, second vice president marketing and sales, Fortis Financial Group. "Over time, periodically rebalancing a portfolio can significantly improve a portfolio's rate of return and value, in comparison to a `buy and hold' strategy."
 Privileged Account Service investors can select as many as five of the 13 Fortis mutual funds for a portfolio. Investors assign an asset allocation by percentage among stock, bond and money market mutual funds. In addition, investors choose to have their portfolios automatically rebalanced every quarter, biannually or annually. When a fund is rebalanced, mutual fund shares are bought and sold to return the portfolio to the original asset allocation.
 With this approach, funds are sold when prices are high and purchased when low. For example, when a portfolio is evenly divided between stocks and bonds, and the price of stocks rise, shares in the Fortis stock mutual fund are sold and bond fund shares are purchased to return to the 50-50 asset allocation. Conversely, when stock prices decline, bond fund shares are sold and stock fund shares are purchased to take advantage of lower prices.
 Minimum investment in the Privileged Account Service is $10,000. Quarterly statements show all account activity and the value of the Fortis Privileged Account Service Portfolio. Investors have the flexibility of changing their asset allocation, making deposits or withdrawals at any time, or altering the frequency of their portfolio "rebalancing." Privileged Account Service is particularly suited for mutual funds invested in tax-deferred retirement accounts, because rebalancing creates a taxable transaction.
 St. Paul-based Fortis Financial Group manages $2.9 billion in assets through Fortis Advisers, Inc., and Fortis Investors, Inc., and $1.3 billion of insurance reserves through Fortis Life. Fortis Financial Group, which has been managing money since 1949, offers a family of mutual funds, fixed and variable annuities, variable universal life insurance, individual life insurance and individual disability income products. Fortis Financial Group is a subsidiary of Fortis, Inc., New York, the U.S. subsidiary of Fortis International N.A., which is a worldwide financial services organization based in The Netherlands and Belgium with more than $46.6 billion in assets.
 For more complete information, including charges and expenses, obtain a prospectus from Fortis Investors, Inc., P.O. Box 64284, St. Paul, Minnesota 55164; 1-800-800-2638. Read it carefully before you invest or send money.
 -0- 7/6/93
 /CONTACTS: Daniel Spiller of Fortis, 612-738-5773 or 800-800-2638, ext. 5773; or David Hakensen or Nancy A. Johnson, 612-871-8877; or Andrew S. Edson, 212-752-8338, all of Padilla Speer Beardsley Inc., for Fortis/


CO: Fortis Financial Group ST: Minnesota IN: FIN SU: PDT

KH -- MN002 -- 8498 07/06/93 09:02 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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