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Flemings International Equity Fund (Bda.) De-Listed

Hamilton, Bermuda, October 5, 1998 -- The Bermuda Stock Exchange today announced the de-listing of the Flemings International Equity (Bda.) Ltd. Series 1 TWI FRELS. The de-listing was granted as a result of the TWI FRELS having been redeemed in full on 30 September, 1998.