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Strong Folding Two Funds

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Nov. 13, 2002 — Two small Strong mutual funds are slated to be merged into larger offerings.

In the reorganization, the $1.8-million Strong Foreign Major Markets Fund (SFMMX) will be combined with the $44.3-million Strong International Stock Fund (STISX), and the $6.8-million Strong Balanced Asset Fund (SBSFX) will be absorbed by the $213.6-million Strong Balanced Fund (STAAX).

Strong believes shareholders of the combined funds will benefit from their larger asset base and an expected increase in “economies of scale,” the company said in regulatory filings.

The Major Markets and Balanced Asset funds will close to new investors on Nov. 29 in connection with the proposed mergers, which are subject to shareholder approval.