The fund follows the unusual approach of mixing roughly 10 favored stock picks from each of five analyst teams at Montgomery Asset Management of San Francisco. The five teams concentrate on small stocks, growth stocks, income shares, foreign stocks and emerging foreign markets.
There are no sales charges on Montgomery Select 50 ( 572-3863), for which the minimum investment is $1,000.
Liberty Financial Cos. of Boston is offering a free interactive computer game to teach youngsters about money and investing. Players earn points by correctly answering questions while moving around an electronic game board. Topics include risk, taxes, mutual funds, financial planning and the economy.
Call (800) 403-KIDS for a copy of the "Young Investor Game," which runs on IBM-compatible machines with DOS 3.3 or higher, or Windows 3.1 or higher.
The Salomon Bros. Fund, a closed-end portfolio that trades on the New York Stock Exchange, says it will repurchase up to 1 million of its shares in the open market to help reduce a discount that has been running around 19% lately. As another means to cut the discount, management will make dividend payments in shares rather than cash to investors enrolled in the fund's automatic dividend-reinvestment plan.