FRANKNOTE

Forbes editor Luisa Kroll noted that Russia's stock market jumped 108% between February 2005 and February 2006, while India's market rose by more than 54% during the same period. Brazil 'was another bright star' with a market gain of 38%, she said.

Kroll said the changes on the list weren't driven by U.S. investments.

'The more exciting story is these emerging markets,' she said. 'The U.S. stock market was quite a laggard with only a 1% increase.'