MutualFundWire.com: Portfolio Manager Changes This Week
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Thursday, October 28, 1999

Portfolio Manager Changes This Week


Kevin Moore has been promoted from analyst to manager of the USAA Emerging Markets Fund and a co-manager of the
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Federated Investors
USAA International Fund, replacing Travis Selmier, who has left the company. Moore will also have co-management responsibility for international holdings in the USAA Cornerstone Strategy, USAA Growth Strategy, USAA World Growth funds, as well as the USAA Life International Fund Variable Annuity and USAA Life World Growth Variable Annuity.

Federated Investors (FII) announced that Alexandre de Bethmann, vice president and portfolio manager,
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USAA
has joined Henry Frantzen, replacing Drew Collins, as co-manager on the investment team managing the Federated International Equity Fund. De Bethmann joined Federated in 1995 and also manages the Federated Asia Pacific Growth and Federated Latin American Growth funds.

The Reserve Funds have named Michael Sheridan to the newly created position of senior portfolio manager and director, said the New York-based funds.
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Reserve Funds
Sheridan will direct the day-to-day management of Reserve's eight taxable money market funds, with oversight responsibility for all 19 money funds.


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