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Subject:  Re: 401(k) stable fund???? Date:  11/1/2003  7:29 PM
Author:  CAMPCITY Number:  37657 of 78168

GIC - Guaranteed Investment Contract.

It's an agreement, usually between an Insurance co and a pension plan (your 401K and others in the fund) That guarantees a rate of return.

The rate is usually low (you are dealing with insurance companies - not known for paying anyone much of anything)in the first place. The fact that it is a fund says that your principle, your hard earned 40