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Energy & Natural Resources Funds

Investors in the oil industry got stuck in a dry hole last year. But the days of an world oil glut and low gasoline prices appear to be gone. As a result, mutual funds that focus on oil struck a gusher this year.

Excelsior Energy & Natural Resources Fund, managed by Michael Hoover, ranks among the Top 10 performers in this category (with minimum investments of 5,000 or less) this year. Mr. Hoover expects the high-octane returns to continue as Asia's economic renewal generates a greater demand for crude.

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Total return Fund name YTD 1-yr. 3-yr. Fidelity Select Energy Service 50.5% -19.7% 12.9% 800-544-8888

Invesco Energy 36.2 4.7 12.6 800-525-8085

RS Global Natural Resources A 31.9 -10.7 -6.4 800-766-3863

Fidelity Select Energy 31.7 8.6 13.2 800-544-8888

Smith Barney Natural Resources A 30.8 8.5 -2.8 800-451-2010

Fidelity Select Natural Resources 29.9 7.1 N/A 800-544-8888

Orbitex Strategic Nat. Resources A 29.9 1.6 N/A 888-672-4839

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Fidelity Select Natural Gas 29.2 13.2 7.4 800-544-8888

Fidelity Advisor Natural Res T 27.8 5.0 6.0 800-522-7297

Excelsior Energy & Nat Resources 27.7 7.2 15.5 800-446-1012

S&P 500 Index 7.9 20.2 27.5

Source: Source: Morningstar as of 6/09/99 N/A -Not available