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To: Zoltan! who wrote (31557)	1/29/2000 9:00:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 77400

Zoltan, a point of clarification on Canadian securities laws and their impact on NT and BCE. Excellent article from the Globe points out that provincial securities laws say a fund can't put more than 10% of its assets into one stock. But that simply means a manager can't buy more of a company if it already accounts for 10 percent of the portfolio. Article details funds and weights for NT, BCE and total. They do not have to sell NT or BCE to get down to 10%. globeinvestor.com In fact, most Canadian funds were overweighted (over 10%) in NT before NTs runup so it was not Canadian funds which caused the runup. 60% of NT stock is owned by US investors.