Morover, the association projected that 90 percent of its members would end 1999 in the red.
The average general domestic stock fund lost 2.2 percent of its value in the quarter ended Sept. 30.
It returned a spectacular 32 percent over the year ended June 30.
The endowment rose 40 percent in the year ended June 30, to $10 billion.
"Only 12 percent of homicides actually end in conviction," she said.
Another eight percent quit because the war had ended.
The fund, meanwhile, returned 3.4 percent for the year ended March 31.
Sales rose nearly 59 percent in the quarter ended May 1, to $106.8 million.
Its profits jumped 20 percent in the year ended June 27, to $267.6 million, on sales of $9.2 billion.
Only 30 percent of cases end with a conviction.