North Carolina 529 to pare investment options

College Foundation, Inc., manager of North Carolina's National College Savings Program, has announced plans to drop two of its current investment options, the Balanced Option, and the age-based option using Riversource (formerly Seligman) CollegeHorizonFunds.

Accounts will automatically be moved into two other options with similar objectives, the V Fund 3 and the moderate track of the Age-Based V Fund. These options invest in low-cost mutual funds from the Vanguard Group. The tranfer is scheduled to take place in mid to late June 2009.
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