BULL AND BEAR GROUP A <BNBGA> CUTS FUND PAYOUTS Bull and Bear Group A said it lowered its monthly dividends on three of its funds. It said it lowered its Tax Free Income Fund <BLTFX> to 10.3 cts from 10.6 cts; its U.S. Government Guaranteed Securities Fund <BBUSX> to 11.5 cts from 11.8 cts; and its High Yield Fund <BULHX> to 14 cts from 14.2 cts. All dividends are payable March 31 to shareholders of record March 25, the company said.