But in a statement today, the fund said $43 billion would not be enough.

But the fund also said Pakistan had a long way to go.

The proposal passed with 90.6 percent of the total vote, the fund said.

Those funds that don't hedge at all usually say so.

Still, the fund says, this strategy works best in a falling market.

The fund said it expected to make further acquisitions in coming months.

The fund said the American economy would grow by 2.4 percent from 1995 to 1998, the lowest among the group of seven nations.

It is the first such center to be controlled by blacks, the fund said.

The fund also says it will back companies that cannot attract traditional sources of money.

His challenge grant is the largest given to a black cause, the fund said yesterday.