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Making Cents: An Index of Funds' Popularity

November 24, 1996

The rapidly expanding Vanguard Index 500 Trust is closing in on the heels of Investment Company of America for the spot as the second-largest mutual fund, as both grow over $30 billion in assets. The leader remains $53-billion-plus Fidelity Magellan, which has been shrinking lately. The move illustrates the popularity of index funds--Vanguard Index has 68% more money now than on Jan. 1.

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