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HARRIS BANK'S MUTUAL FUND RATED TOP PERFORMING BANK FUND

 CHICAGO, Nov. 16 ~PRNewswire~ -- Harris Bank's Harris insight Convertible Fund was rated the top performing bank proprietary mutual fund for the first six months of this year and rated the third highest top performer for the first nine months of this year, according to CDA~Wiesenberger, a Rockville, Md.-based provider of mutual fund information.
 With $7 million in assets under management, the Harris Insight Convertible Fund showed a total return of 11.06 percent for the period ending Sept. 30, 1992. The total return for the Standard & Poor's 500 Stock Index rose 2.45 percent for that same period.
 The fund is one of six Harris Insight Funds. At least 65 percent of the convertible fund's assets are invested in convertible securities including bonds, debentures, notes, preferred stock or warrants, all of which may be converted into common stock. The fund's objective is to provide capital appreciation and current income. It's designed for those clients who want an alternative approach to investing in common stocks while earning a steady income.
 "1992 has proven to be an excellent year for convertible securities," says Harris' Mike McCowin, the fund's manager. "Our value- based approach to issue selection has certainly helped but good performance throughout the convertible market has been the 'rising tide' for all convertible managers this year."
 From the period Sept. 30, 1991, to Sept. 30, 1992, the Harris Insight Convertible Fund had a total return of 16.55 percent. Its average annual return since inception on Feb. 24, 1988, has been 7.09 percent.
 Fund fund's minimum initial investment is $1,000 with a subsequent minimum investment of $250.
 -0- 11~16~92
 ~CONTACT: Pam Kassner of Harris Bank, 312-461-6625~


CO: Harris Bank ST: Illinois IN: FIN SU:

SH -- NY056 -- 1243 11~16~92 11:42 EST
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Publication:PR Newswire
Date:Nov 16, 1992
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