Banc One Corp. may be the next bank to jump on the "fund of funds" bandwagon, as it looks to adopt the novel investment strategy in its 401(k) retirement plans.

The banking company intends to file with the Securities and Exchange Commission on June 1 for permission to start six new retirement funds, possibly using the fund-of-funds structure, said David J. Kundert, chief executive of Banc One's investment management and trust group.

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