TABLE B-12
 
                                               COLLECTIVE INVESTMENT FUNDS
                                          15 LARGEST FOREIGN FIXED INCOME FUNDS
                                                      BY ASSET SIZE
                                                    DECEMBER 31, 1999
                                                                                                 FUND          TOTAL ASSETS   TOTAL
SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT
 
  1  Wellington Trust Company, National A  PUBLIC FUNDS GLOBAL BOND PORTFOLIO             02 EMPLOYEE BENEFIT       778,146        1
     BOSTON, MA
  2  Fiduciary Trust Company Internationa  GLOBAL BOND FUND H                             02 EMPLOYEE BENEFIT       628,253        5
     NEW YORK CITY, NY
  3  Barclays Global Investors, National   WORLD GOVT BOND FD B-NETH                      01 PERSONAL TRUST         428,727       10
     SAN FRANCISCO, CA
  4  Barclays Global Investors, National   WORLD GOVT BOND FD B-FRANCE                    01 PERSONAL TRUST         360,731       10
     SAN FRANCISCO, CA
  5  Morgan Guaranty Trust Company of New  COMMINGLED FUND - EMERGING MARKETS FIXED       02 EMPLOYEE BENEFIT       272,479       10
     NEW YORK CITY, NY
  6  Barclays Global Investors, National   WORLD GOVT BOND INDEX FUND                     02 EMPLOYEE BENEFIT       222,182        1
     SAN FRANCISCO, CA
  7  Morgan Guaranty Trust Company of New  COMMINGLED FUND - INTERNATIONAL BONDS UNH      02 EMPLOYEE BENEFIT       218,594        7
     NEW YORK CITY, NY
  8  Barclays Global Investors, National   WORLD GOVT BOND FD B-ITALY                     01 PERSONAL TRUST         218,571       10
     SAN FRANCISCO, CA
  9  Barclays Global Investors, National   NON-US WORLD GOVT BD INDX FD                   02 EMPLOYEE BENEFIT       193,638        6
     SAN FRANCISCO, CA
 10  Mellon Bank, National Association     EB CCF MELLON GLOBAL BOND FUND                 02 EMPLOYEE BENEFIT       157,349       20
     PITTSBURGH, PA
 11  Morgan Guaranty Trust Company of New  COMMINGLED FUND - INTERNATIONAL BOND           02 EMPLOYEE BENEFIT       151,565       15
     NEW YORK CITY, NY
 12  Barclays Global Investors, National   WORLD GOVT BOND FD-JAPAN                       02 EMPLOYEE BENEFIT       130,068        2
     SAN FRANCISCO, CA
 13  Barclays Global Investors, National   DAILY WORLD GOVT BOND INDEX E                  02 EMPLOYEE BENEFIT        99,427        1
     SAN FRANCISCO, CA
 14  Fidelity Management Trust Company     FIDELITY EMERGING MARKETS DEBT COLLECTIVE POO  02 EMPLOYEE BENEFIT        64,993        2
     BOSTON, MA
 15  Wellington Trust Company, National A  HEDGED INTERNATIONAL BOND PORTFOLIO            02 EMPLOYEE BENEFIT        63,165        7
     BOSTON, MA