After surpassing $1 billion of sales for 1999, the investment arm of California Federal Bank of San Francisco is aiming for 20% more than that in sales next year, as well as 20% revenue growth.

Cal Fed Investments, which passed the billion-dollar mark on Nov. 29, said it hopes to have $1.2 billion of sales next year and to increase revenues, which were $41.3 million for the nine months through Sept. 30, similarly.

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