Among outside directors, Edward Ladd of theinvestment firm Standish, Ayer & Wood Earned$11,000 and Hilda Ochoa-Brillembourg of StrategicInvestment Management earned $7,000.

President Neil L. Rudenstine and UniversityTreasurer D. Ronald Daniel received nocompensation for serving on the board.

Though the first three quarters of the fiscalyear which ends June 30, the University'sapproximately $6 billion endowment had grown 11percent, according to a source.

While the endowment's absolute return is betterthan last year's, financial markets have performedbetter this year and relatively, its performanceis not so good.

According to the Wilshire Associates, asmeasured by the appropriate section of theWilshire Cooperative Universe, the performanceranked in the top quartile of funds, though not inthe top 5 percent.

Last year the endowment grew by 9.8 percent andsignificantly outperformed the benchmark Standardand Poor's 500 Index by about eight points.

According to a source in the investmentindustry, however, if the return to the presentday was 11 percent it would be "extremely poor"because the stock market has increaseddramatically since March 31.

As a result, it is likely that the University'sreturns are higher to the present day, but thatinformation will not be known until after the endof the fiscal year on June 30.

Although the performance of the different assetclasses within the endowment fund are notreleased, a source close to the management companysaid that the Harvard Private Capital's return hadbeen in the middle teens through a date sometimein the middle of the present quarter