| 11. | The average bond in the portfolio has an " A " rating from Moody's Investors Service and Standard & AMP; Poor's Corp.
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| 12. | Rising interest rates caused the average bond fund to lose 3.2 percent of its value in 1994, according to Lipper Analytical Services.
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| 13. | The average bond yield on a basket of 13 government bonds, as compiled by the Swiss National Bank, was unchanged at 3.34 percent.
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| 14. | The group that had reflected on mortality set an average bond of $ 455, while the control group's average bond was $ 50.
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| 15. | Even so, the Lehman Government Index is up 10.84 percent this year, better than the average bond fund's performance of 8.32 percent higher.
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| 16. | The group that had reflected on mortality set an average bond of $ 455, while the control group's average bond was $ 50.
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| 17. | When specific areas of the bond market are examined, it becomes clear that the average bond fund came in well below its corresponding index.
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| 18. | Rising interest rates caused the average bond fund to lose 3 . 2 percent of its value in 1994, according to Lipper Analytical Services.
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| 19. | We own no bonds rated below investment grade and the average bond held in the portfolio has a maturity of no longer than five years.
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| 20. | The average bond yield on a basket of 13 government bonds, as compiled by the Swiss National Bank, was unchanged at 3 . 34 percent.
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