European Stars And Stripes (Newspaper) - January 7, 1986, Darmstadt, Hesse                                Telecommuters work at Home by Ken  United press International c Atherine Marenghi commutes five Days a week to her Park Avenue Soltice inner York without leaving her Bright airy Ion  Young executive with a Manhattan consulting firm belongs to a growing Breed of workers known As  in general terms telecommuters Are salaried employees who work from Home All or part of the time. They Are linked to the Ollice by Telephone and quite olten by the development that made it All possible the personal computer. The Yankee group a Boston marketing research firm. Estimates that 30,000 people Are involved in corporate telecommuting programs. Perhaps another 100,000 do so informally. The numbers Are distinct from an estimated 6 million self employed Home professionals. Banks and insurance companies Are doing it. So Are computer software designers Telephone companies and even state governments. Telecommuting is Best suited for people who work with information writers budget analysts computer programmers designers. While most new York commuters spend hours in freeway traffic hanging onto subway straps or dashing for trains Marenghi s arrangement with the diebold group inc. Affords her a new York salary without the new York hassles and High Cost of living. You Lind All of a sudden that you have that time from 7 to 9 . All to  she said. I can go walking or jogging or do some gardening. It s like somebody just gave me a gift of a couple hours a Day All to  telecommuting is not for everyone and experts say if you Are the Type who needs a Dally dose of water cooler gossip Don t apply. Catherine Marenghi works at her personal computer in her Boston condominium. The key is proper management. The real Issue when you strip away everything else. Is How am i going to manage somebody i Don t see they get a Little bit nervous said consultant Gil Gordon. Managers often manage by observing activity than striving for results. That s a fundamental shift for people. There is a fundamental difference Between being at your desk looking Busy and producing  telecommuting is a part of the workday world where definitions Are hazy and flexible and that is part of its allure. But unions including the Al Cio oppose it for fear Homes will become electronic  Gordon who publishes telecommuting report from his Monmouth Junction n.j., Home Calls the formal a natural evolution in the work place. It stems from technological changes Cost control pressures and employee desires for work options and a balance of Home career responsibilities. In firms where it has become part of the Norm companies have found the pros outweigh the cons for investors turn to Mutual funds by Vartania g. Vartan new York times w All Street s Lille Guy is Corning Backoo the Stock and Bond markets. But this time he is asking others to place his bet for  that inflation has been tamed individual investors Are spurning the Chance for big Price gains in real estate Antiques and the like to pour billions of dollars into equity and fixed income Mutual funds. The result is the biggest Boom Ever for the fund Industry whose sales have doubled in the last year. New funds of All stripes Are proliferating the stocks of management companies that control a Bevy of funds Are Riding High and some funds Are so popular they have shut their doors to new sales. The rallies in the Stock and Bond markets Are fueling the participation. But even though More individual investors Are now venturing Back with their own purchases Many Are still relying on the funds As a prudent Way to spread the risk. At the Dreyfus corp., for example a big manager of a number of funds More than $100 million a week of new Money is flowing in these Days. Mutual funds represent a sea change in the Way people invest said Michael Lipper president of Lipper analytical associates which monitors this burgeoning Industry. The change is so dramatic said Albert e. Sindlinger the head of a consumer opinion research firm bearing his name in Media pa., that earlier this year one of his studies showed that 11.2 million people owned Mutual funds but no stocks. By comparison a year earlier there were were 5.2 million fund owners who had no stocks. American households Are no longer doing their own betting on the Market Sindlinger said. Disenchantment caused by losses in specific issues of stocks and Bonds the fear of being trampled by pension funds and other Mammoth institutions that now dominate trading puzzlement Over the growing complexity of the investment world All these factors have caused people to turn Over the stewardship of their dollars to Mutual funds. Also feeding the Industry s growth in recent years have been individual retirement accounts and Keogh plans which shelter investments from taxation along with 401 salary reduction plans. Industry sales excluding Short term funds soared to $89.3 billion in the first 10 months of this year according to the investment company Institute the Trade group for Mutual funds. This is about twice the volume for All of 1984, the previous record year. And fund buyers Are holding onto their investments. Net sales or total sales minus redemption total $62.8 billion so far in 1985. Page 16 the stars and stripes tuesday january 7, 1986