The Federal Reserve Board gave Dresdner Bank, Frankfurt, permission Thursday to acquire a San Francisco investment advisory firm and its trust company affiliate.

Through the acquisition of RCM Capital Management, the $338 billion- asset German bank will provide investment advice to corporations, foundations, pension funds, high-net-worth individuals, and investment companies. RCM also provides administrative services, such as record keeping and compliance support, to mutual funds.

Dresdner Bank will be able to provide trust services through the investment advisory firm's affiliate, RCM Capital Trust Company.

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