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To: gusher who wrote (3424)2/16/1998 8:37:00 PM
From: Trebor  Read Replies (1) | Respond to of 42834
 
>Exchanges are prohibited but they'll happily mail you a check for the proceeds of your sale.<

If you have a Vanguard money market account, you can sell a fund over the phone, dump it into the money market and buy into another fund out of the money market the same day. In effect, you've made an exchange without really making an exchange.