Bank of America's brokerage arm is reviewing its "short list" of mutual fund providers and plans to unveil a new one within three weeks. Richard V. Downen, president of Banc of America Investment Services Inc., said in a telephone interview that final decisions have not been made, but the list will not be longer and may contain fewer than the 12 mutual fund vendors it has now."There's only so many things anyone can focus on," he said.

Making the short list is important to fund vendors because a bank's brokers may sell exclusively from it or turn to it first when recommending purchases to customers.

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