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Subject:  Re: Converting my 401K-- Big Loss!!! Date:  12/17/1998  11:55 AM
Author:  TMFPixy Number:  7350 of 96871

BBQFool writes:

<<I finally got to the bottom of it by calling Cigna. Apparently what happened was Putnam sold the mutual funds I was invested in, but not the company stock. It was transferred directly to Cigna. Hence there was no cash transfer to report. My balance at Cigna is what it should be and the amount transferred when you add in the stock value was within $100 of my calculations. Why Putnam couldn't tell me this despite three phone calls to different reps yesterday is somewhat of a mystery, but all's well that ends well I guess. >>

Thank goodness! I was afraid there was a scandal in the making. I'm glad you were finally provided a rational explanation.

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