Abstract: | Let X1, X2, … be a sequence of independent and identically distributed random variables with mean zero such that the common distribution function belongs to the domain of attraction of a stable law Gα,β with 1<α<2 and β=1 or α=2. If Sn=X1+…Xn and N(ξ)=min{k:Sk>ξ}, ξ>0, then it is shown that , 0<t<1, converges weakly under the Skorohod J1-topology to a stable subordinator of index , where B1(n) depends on the norming constant for Sn. |