OTHER NEWS - March 12, 1996

Money Manager Michaelis Dies: George H. Michaelis, chief executive of Los Angeles-based First Pacific Advisors and manager of the Source Capital stock fund, died Sunday from injuries suffered in a biking accident Saturday in the Santa Monica Mountains. Michaelis, who was 59, enjoyed a national reputation as one of the Southland’s savviest money managers and was profiled in the 1989 book “The New Money Masters” alongside peers such as Peter Lynch and George Soros. Michaelis’ fund and his firm remained relatively small by choice. FPA is a division of United Asset Management of Boston. Eric Ende, Source Capital’s senior vice president, will manage the fund pending the election of a new president, UAM said.