A proposed revision of a stock purchase plan at Shawmut National Corp. has taken effect, the company said.

Under an amendment in a filing with the Securities and Exchange Commission, Shawmut reinstated cash purchases of its commo stock at a 3% discount from the market price.

Shareholders will be able to buy as little as $25 or as much as $5,000 in Shawmut stock per quarter at a discount of 3% from the market price.

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