The percentage of money going into aggressive growth funds, while growing, is not a record, however.

It has gained nearly 37 percent so far in 1995, ahead of the average for all aggressive growth funds.

An aggressive growth fund, heavy with technology stocks, will probably have fallen more than the general market.

The money managers of the aggressive growth funds have become especially cautious.

"I don't know what to do," said the manager of one usually aggressive fund that is now almost totally in cash.

But "at the end of the day, we need to be looked at as an aggressive growth fund."

The previous record for cash flow into aggressive growth funds was $2.1 billion, set last December.

It called for aggressive political fund raising from big firms, a strategy under which "those who give will get."

The average aggressive growth mutual fund suffered a small loss in the quarter.

"Sometimes these small aggressive funds work out, and sometimes they don't."