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SMALL STOCKS PERFORMED POORLY IN 1989 AND 1990

For the second consecutive year, small capitalization stocks, as measured by the Russell 2000 index, substantially underperformed large capitalization shares. The Russell 2000 lost 19.5 percent in 1990 compared to a decline of 3.2 percent in the Standard & Poor's 500 index, the Frank Russell Company reports. The index of small firms - those with market values between $15 million and $350 million - was up 16.2 percent in 1989, while the S&P was up 31.4 percent.