
             WHAT PEOPLE ARE SAYING ABOUT THE MUTUAL FUND TRACKER

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      Over the past few weeks I've downloaded several shareware programs
from various sources looking for a program that was easy to use but yet had
enough to it to be effective.  Most of what I found was either overly
simplistic, tremendously complicated or excessively expensive.

      I saw a message on Prodigy about a software package and decided to
give it a try.  Once I ran the program, it didn't take me long to realize
that I had stumbled onto a quality product that met and exceeded my criteria.

      It's a great program!  I have seen and used some of the others often
mentioned but your's is better.  I really think it's one of the least
complicated, best written programs that I've seen.

      I've already begun to expand it to meet my own objectives.  I don't
believe there's another program on the market where that can be done with the
ease that this program provides.  I found that I can go into CompuServe for
historical quotes and indices, convert, plug them into the correct dates, and
be viewing the data in no time at all.

      As a result I've decided to jump into this to give my endorsement
for The Mutual Fund Tracker, an excellent program with equally excellent
support.

                                James O'Flaherty

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      Thanks for all the good information and prompt responses to my
queries.  Many thanks and by the way, your documentation for the MFTracker
is outstanding!  I am a high school economics teacher.  My classes recently
were selected to participate in a stock picking contest sponsored by the L.A.
Times and Merrill Lynch.  I printed off a bunch of graphs of various kinds of
domestic and international funds to give my students some idea of where the
markets are at right now.  They found them interesting and helpful.  MFT is
great.  Again, many thanks!

                                Charles Zito

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      Just finished running your MFCA.EXE file and it appears that it will
save me a LARGE amount of time doing the update for the MFCA.  To me that is
very important during this time when the market appears to be heading for a
major sell signal.

      In reviewing 1987, I notice that your program gave a sell signal on
Thursday prior to THAT MONDAY allowing investors to get out on Friday.  A
major newsletter on the West Coast gave their sell signal on Friday, leading
their investors into selling on the MONDAY.  Hopefully that won't happen
again.  Then again, who knows?

      Thanks again for the outstanding response.  The MFCA is an excellent
topping to your program.

                                Jim Odum

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  THE MUTUAL FUND TRACKER

      The Mutual Fund Tracker works using technical analysis and a Mutual
      Fund Composite Average, in conjunction with other key indices, to
      determine when buy or sell mutual funds.  The program compares three
      moving averages against each other, and then compares each moving
      average to the current price.  You can change the moving averages
      to look at different "what if" results based on diverse criteria.
      Let's look at the programs results for the past five years.  In
      1991 you would have seen a gain of 47.00%.  For 1992 you would have
      seen a gain of 13.35%.  In 1993 you would have seen a gain of 28.75%.
      In 1994 you would have seen a loss of 0.36%.  For 1995 you would
      have seen a gain of 37.55%.  These figures were obtained using The
      Mutual Fund Composite Average.  To determine if these programs are
      right for you, look at the facts.

  FACTS, BUY AND SELL SIGNALS

  **  October, 1987 -- The Thursday before the stock market crashed,
      The Mutual Fund Tracker Composite Average issued a sell signal.
      A buy signal was not issued again until 1988, after the markets
      had stabilized and started an upward trend.

  **  1988 through 1989 -- In mid-1988 another sell signal was issued
      before the market again headed south.  Another buy was signaled
      in early 1989 after the markets had stabilized.  A sell signal
      was in effect again in late 1989 before a severe market decline,
      and again, a buy signal was not issued until the markets had
      stabilized and started up.

  **  August 10, 1990 -- During the Iraqi invasion of Kuwait, a sell
      signal was issued before the market plummeted.  For the year
      ending 1990, The Mutual Fund Tracker had out performed 68% of
      all professional fund managers.  (Source:  Mr. Glen Payne,
      Professional Financial Consultant, Houston, Texas)


  **  January 11, 1991 -- The Mutual Fund Tracker Composite Average
      issued the next buy signal as America went to war @@(430.58).
      The markets had again stabilized and started their march into
      record territory.

  **  March 27, 1992  --  As the market peeked and became overvalued
      The Mutual Fund Tracker Composite Average issued a sell signal
      @@(609.25).  The market remained in a trading range with
      volatile swings downward after gradual gains.

  RESULTS:  The average profit earned between the last buy signal
            (01/11/91) and this sell signal (03/27/92) was 41.50%.
            The holding period lasted 14 months.


  **  October 23, 1992  --  The trend, as evidenced by The Mutual
      Fund Tracker Composite Average, turned positive and another buy
      signal was issued @@(626.63).  The program correctly predicted
      that the market would reach new highs after the presidential
      election.

  **  March 30, 1994  --  With the growing problem in Korea, the
      assassination of Mexico's leading presidential candidate Luis
      Colosio, the rise in interest rates, and the growing Whitewater
      fiasco, the markets broke and headed south.  The Mutual Fund
      Tracker Composite Average issued a major sell signal @@(875.24),
      as the market nose dived, preserving profits and principle.

  RESULTS:  The average profit earned between the last buy signal
            (10/23/92) and this sell signal (03/30/94) was 39.67%.
            The holding period lasted 17 months.


  **  August 12, 1994  --  The trend, as evidenced by The Mutual Fund
      Tracker Composite Average @@(899.32), turned positive and
      another buy signal was issued.      

  **  November 11, 1994  --  With interest rates on the rise, The
      Mutual Fund Tracker Composite Average issued a major sell
      signal @@(911.65), preserving profits and principle.

  RESULTS:  The average profit earned between the last buy signal
            (08/12/94) and this sell signal (11/11/94) was 1.37%.
            The holding period lasted 3 months.


  **  December 23, 1994  --  The trend, as evidenced by The Mutual Fund
      Tracker Composite Average @@(890.92), turned positive and another
      buy signal was issued.

  **  July 12, 1996  --  With earnings below street expectations,
      expected interest rate rises, and a technology sector sell off,
      The Mutual Fund Tracker Composite Average issued a sell signal
      @@(1269.61), preserving profits and principle.

  RESULTS:  The average profit earned between the last buy signal
            (12/23/94) and this sell signal (07/12/96) was 42.51%.
            The holding period lasted 19 months.


  **  August 2, 1996  --  The trend, as evidenced by The Mutual Fund
      Tracker Composite Average @@(1291.43), turned positive and another
      buy signal was issued.  The market whipsawed and users were out of
      their mutual funds for only three weeks.  They reported that during
      that time sleeping at night was easier not having to ride the 400+
      point roller coasters that followed.

  @@  The Mutual Fund Composite Average is adjusted, for dividends and
      distributions, just like mutual funds are.  The numbers shown above
      were adjusted to reflect the actual Mutual Fund Composite Average
      as of each buy and sell signal listed, thus reflecting the true
      percentage gain/loss.  Therefore, the composite average you see,
      next to the corresponding date, in the up-to-date data files, may
      be different than those listed here, because of adjustments made to
      the data since then.

      Thanks for trying The Mutual Fund Tracker.
