First Union Corp., continuing its quest to become one of the biggest and best providers of mutual funds, hired its second veteran portfolio manager in as many weeks.

Prescott B. Crocker, 54, joined Evergreen Keystone Investment Services, First Union's mutual fund unit, on Monday as senior vice president in charge of the high-yield-bond team. Mr. Crocker, who will manage two high- yield bond portfolios, managed two similar funds for Northstar Investment Management. Those funds received five stars from Morningstar, a fund rating agency.

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