Trust bankers are licking their chops over a huge pool of assets that figures to be up grabs, thanks to Financial Accounting Standards Board rule No. 106, effective at yearend. Corporations must then begin charging post-retirement health care benefits against earnings.

Although companies are not required to prefund the liabilities, bankers estimate that between 20% and 40% will choose to do so, creating a pool of trust assets worth a whopping $500 million by conservatives estimates -- certainly the biggest source of new custodial and investment management business in years.

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