The Fund would be investing $21 million over ten years.

The fund could not, of course, invest the money at the lower prices.

The fund will invest from $400 million to $1 billion in Soviet companies.

Up to date, the fund has invested into more than 20 companies.

The fund does not invest more than 20 percent of its assets in one country, however.

For one thing, most of the companies in which the fund invests are small.

"That's not the type of companies the fund has been investing in," he said.

The last fund invests in a mix of all the others.

Both funds invest in issues of short maturity, as made clear by their names.

Promising a return of 12% daily for 12 days, funds invested went into the millions.