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North Carolina closing its adviser 529 channel

(December 20, 2004) - North Carolina's National College Savings Program has announced that it is shutting down adviser distribution of the program and opening all investment options on a direct-sold basis to residents of any state. New enrollments in the adviser-sold program were ended on December 15, 2004. Contributions into existing adviser-sold accounts can continue until March 1, 2005 at which time all adviser-sold assets will be transferred into direct-sold portfolios and payments to advisers will end.

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