OTHER NEWS - July 1, 1995

Investment Fund Stung by Loss: The College Fund, which manages nearly $20 billion on behalf of more than 1,400 educational institutions, said it lost an estimated $128 million due to careless trading by a Pennsylvania firm, the New York Times reported. A trader at First Capital Strategists Inc. in York, Pa., failed to hedge the unspecified investments, a fund official said. It was not immediately clear which schools’ holdings had taken the hit.