The Bisys Group Inc., Little Fails, N.J., believes it has found a way for banks to quickly gather the assets they need to make their proprietary variable annuities profitable.

The Internal Revenue Service has ruled that banks can use employee-benefit assets to seed the annuities, according to William J. Tomko, a vice president of the company's Ohio-based Bisys Investment Services Group unit, formerly known as the Winsbury Group.

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