TABLE B-9
 
                                               COLLECTIVE INVESTMENT FUNDS
                                         15 LARGEST SHORT-TERM INVESTMENT FUNDS
                                                      BY ASSET SIZE
                                                    DECEMBER 31, 1999
                                                                                                 FUND          TOTAL ASSETS   TOTAL
SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT
 
  1  State Street Bank and Trust Company   SHORT-TERM INVESTMENT FUND                     02 EMPLOYEE BENEFIT    22,951,729    3,257
     BOSTON, MA
  2  The Northern Trust Company            SHORT-TERM INVESTMENT                          02 EMPLOYEE BENEFIT    20,369,487    5,545
     CHICAGO, IL
  3  Barclays Global Investors, National   CASH EQUIVALENT FUND II-S                      02 EMPLOYEE BENEFIT    15,654,265        2
     SAN FRANCISCO, CA
  4  Boston Safe Deposit and Trust Compan  TBC POOLED EMPLOYEE FUNDS DAILY LIQ FUND       02 EMPLOYEE BENEFIT    11,514,719    2,190
     BOSTON, MA
  5  Boston Safe Deposit and Trust Compan  TBC POOLED EMPLOYEE FUNDS ASL ST BOND FUND     02 EMPLOYEE BENEFIT    10,960,596      110
     BOSTON, MA
  6  Barclays Global Investors, National   CASH EQUIVALENT FUND II                        02 EMPLOYEE BENEFIT    10,930,385        1
     SAN FRANCISCO, CA
  7  The Chase Manhattan Bank              VAN 2 DOMESTIC LIQUIDITY FUND                  02 EMPLOYEE BENEFIT     8,289,152      833
     NEW YORK CITY, NY
  8  Bankers Trust Company                 BT PYRAMID SECURITIES LENDING PROGRAM / SHORT  02 EMPLOYEE BENEFIT     7,144,689       14
     NEW YORK CITY, NY
  9  Mellon Bank, National Association     EB MCM SECURITIES LENDING TIF                  02 EMPLOYEE BENEFIT     6,015,447       17
     PITTSBURGH, PA
 10  Morgan Guaranty Trust Company of New  COMMINGLED FUND - LIQUIDITY                    02 EMPLOYEE BENEFIT     5,867,671      401
     NEW YORK CITY, NY
 11  Barclays Global Investors, National   SPECIAL SHORT TERM FUND I                      02 EMPLOYEE BENEFIT     5,667,732        4
     SAN FRANCISCO, CA
 12  Barclays Global Investors, National   SPECIAL SHORT TERM FUND IA                     02 EMPLOYEE BENEFIT     5,592,565        1
     SAN FRANCISCO, CA
 13  Barclays Global Investors, National   CASH EQUIVALENT FUND I-S                       02 EMPLOYEE BENEFIT     5,477,908        1
     SAN FRANCISCO, CA
 14  Bankers Trust Company                 BT PYRAMID DIRECTED ACCOUNT CASH FUND          02 EMPLOYEE BENEFIT     5,291,814    1,859
     NEW YORK CITY, NY
 15  Bankers Trust Company                 BT PYRAMID DISCRETIONARY ACCOUNT CASH FUND     02 EMPLOYEE BENEFIT     4,879,883      445
     NEW YORK CITY, NY