THE role of expense waivers is nowhere more apparent than at the Strong Funds of Milwaukee.

New Funds Strong Funds has just introduced three funds.

The system's original purpose was to give voices to people and congregations throughout the diocese in using the Strong Fund.

New Funds The latest entrant in the index market is Strong Funds.

(Strong Funds, the fund's adviser, declined to break out the performance of the two halves of the portfolio.)

On the Web Strong Funds has added market reports, summaries of market conditions and financial news to its Web site (www.strong-funds.com).

When a giver buys shares in one of the Strong Funds in Milwaukee (minimum, $250), the recipient gets a holiday card announcing the gift.

Peter Schwab, director of shareholder communications at Strong Funds in Milwaukee, reported that investors who called into the fund's headquarters were concerned but not panicked.

Strong Funds had its biggest month of outflows in September, with $90.2 million leaving its equity funds.

In Brief Strong Funds has a home page on the Internet (http://www.strong-funds.com).