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To: Victor Lazlo who wrote (24619)	12/3/1999 12:24:00 AM
From: jhg_in_kc	Read Replies (1) \| Respond to of 27307

<There is a grace period> and what is the grace period, if you don't mind saying. I for one would like to know. thanks. eom

To: Victor Lazlo who wrote (24619)	12/3/1999 12:57:00 AM
From: James Thai	Read Replies (2) \| Respond to of 27307

I was under the impression that the funds don't _have_ to do anything. Atleast here in Canada, the index funds only "attempt" to match the returns.. there's no promise to do anything. But to properly index, they should buy on the afternoon of the addition. There was a lot of talk about this when AOL got added. I've learned a lot by watching two other previous S&P500 additions carefully. (this is all from my poor memory BTW) First, AOL. On the afternoon of the addition, I believe it closed around 158, then there was a ginormous 4 million share block or something that crossed at 165 after the close. The next day it opened down a bit then drifted lower. QCOM on the other hand issued shares directly to the insitutions in a secondary so the stock barely budged on the day of the addition, and in fact went a lot lower the next day (I remember that.. I lost lots of money on calls there) James. PS I'm the same James T from the AMZN thread if anyone remembers me from here.