The markets had more faces in August than a matryoshka doll. After
seesawing through mid-month, stocks plunged at the news of the coup
by Soviet reactionaries, then rallied to new highs when the
putschists were shoved out three days later. For the month, stock
funds rose nearly 3%, beating the S&P by 0.7 percentage points. Bond
funds, meanwhile, got a boost from hopes that persistent weakness in
the economy would lead to lower interest rates.

BOX:

STOCK FUNDS
Up 2.9%

BOND FUNDS
Up 1.8%

AVERAGE MONEY FUND YIELD
5.4%

TOP CATEGORY
Small-company growth: Up 4.0%

HOLE YARDS PAR R1 R2 R3 R4
OUT
HOLE YARDS PAR R1 R2 R3 R4
IN
Eagle (-2)
Birdie (-1)
Bogey (+1)
Double Bogey (+2)