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

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

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

Aggressive growth funds, which also largely invest in smaller companies, were a close second.

Aggressive growth funds are also expensive; the small stocks they favor cost a lot to research.

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

An aggressive growth fund would be inappropriate, he added.

But aggressive growth funds, the riskiest group, fell short of the record it had set in July.

Aggressive growth funds, for example, which are printed today, will run again in three weeks, on Oct. 5.

But aggressive growth funds, which also own small company stocks, have fared poorly.

Aggressive growth funds showed the biggest percentage gain in the quarter, gaining $2.5 billion, or more than 8.5 percent.

In the Aggressive Growth fund, 20 percent fall in that range.

"The increase in risk among aggressive growth funds shows a lack of discipline among these managers."

A no-load growth or aggressive growth fund would be appropriate.

Over all, aggressive growth funds had a net cash inflow of $951 million in May, the smallest for any month this year.

Recently we invested in an "aggressive growth fund."

In the aggressive growth funds that buy small stocks, whose performance was generally poor in late 1989, cash levels climbed to a high 11.9 percent.

Among the aggressive growth funds, the ones that doubled their assets did better than the smaller funds in five of the six years.

What makes you such a wimp, Uncle Ryan, when it comes to aggressive growth funds?

Other laggards - small-company and aggressive growth funds - own stocks in health care, a struggling sector.

Small-company and aggressive growth funds do not often turn up on bear market lists because their investments are inherently volatile.

Fidelity Investments has added to its international lineup with six aggressive growth funds that invest in single countries and regions abroad.

At various times, each would run the portfolio that is now the $19 billion Fidelity Aggressive Growth fund.

Some variable annuities offer more options: an aggressive growth fund, for example, and a government bond fund.

Aggressive growth funds, which generally invest in smaller companies, have not performed as well in 1992 as they did last year.