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Subject:  Re: OT: a bit - where to put liquid savings. Date:  3/7/2004  8:53 PM
Author:  Robert52 Number:  39732 of 88498

I am using Fidelity Floating Rate High Income Fund for my 1-3 year money.

This fund yields close to 3%, and the floating rate instruments in contains have rates that re-set frequently (typically in 6 months or less). Therefore, I don't think this fund will actually do better if interest rates rise.

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