Moving closer to its goal of $100 billion in mutual fund assets by 2000, First Union Corp. is poised to buy Keystone Investments Inc., a Boston-based mutual fund company.

The Charlotte, N.C., banking company could announce a deal for Keystone's $12 billion of assets as early as today, investment bankers said. First Union is expected to pay approximately $200 million for the closely held Keystone.

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