(World Index) by two percent.

Joel Schaefer (pictured left) and Dwayne Outerbridge (right) of the Bank of Bermuda will manage the new fund. The minimum initial investment is US$25,000 with a front end load of five percent which will be waived during July. The fund has an annual management fee of between 0.5 percent and $1.5 percent.

*** About 35 local and international companies will be involved in the International Business Expo on July 19 at the City Hall car park.

The event will feature display booths and guided tours of the offices of Centre Re, First Bermuda Securities, and Arthur Andersen.

A series of videos by Lombard Odier will be shown in the City Hall theatre.

Winners of a Bermuda International Busienss Association creative writing contest will be presented with prizes by Opposition Leader Jennifer Smith.