LOS ANGELES -- Los Angeles County plans today to sell $1.3 billion of tax and revenue anticipation notes, edging into the market ahead of the mammoth sale of New York State notes planned for next week.

"We think it's better now than later" to sell Los Angeles County notes because of the huge supply of pending short-term deals, both in California and out of state, said Robert J. Larkins, a vice president of Morgan Stanley & Co., senior manager on the county issue.

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