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529 program assets rise 31% in 2005

(January 31, 2006) - Financial Research Corporation (FRC) has released its 2005 year-end data showing that assets in all 529 savings programs (not including prepaids) rose 30.8% in 2005, from $52.3 billion at 12/31/04 to $68.4 billion at 12/31/05. The fourth quarter increase was 7.9% with net sales of $4.1 billion.

The largest 529 program is Virginia's CollegeAmerica (American Funds) at over $13 billion, followed by Rhode Island's CollegeBoundfund (Alliance Capital), New York's College Savings Program (Upromise/Vanguard), Ohio's CollegeAdvantage (Putnam), and Maine's NextGen (Merrill Lynch).

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