Whenever the chefs won the fund would increase by £1000.

The fund should also increase by about $500 million in 1989, he said, because the number of failing banks is declining.

But late last year, the fund increased its holdings of these securities.

But funds for research and programs on alcohol and drug abuse would increase by $45 million, to $2.5 billion.

He said the company would use the fresh funds to upgrade factories and increase its commercial network.

During 1992 shareholders' funds increased to £49.8 million (up 22%).

But as these funds grow larger and increase the number of stocks they own, each stock has less impact on performance.

While under his wing, the fund increased about $43 million.

The 143 institutional funds increased by $256.8 million, to $81.99 billion.

As a result, the fund has increased slightly its use of short-selling.