But have mutual funds - and fund shareholders - seen any benefit?

Mutual fund shareholders do not usually vote for directors themselves.

But mutual fund shareholders do sell when the market declines.

For fund shareholders trying to keep up, the quality of reports varied.

Will mutual fund shareholders devote even more money to the stock market in 1998?

And fund shareholders would do well to examine their statements closely.

"A great number of mutual fund shareholders are new investors who have never experienced a down market."

That is what a lot of mutual fund shareholders will feel when they open their next account statement.

Some of the largest costs borne by fund shareholders are completely hidden.

The transaction is subject to the approval of fund shareholders.