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nto revenue sharing arrangements. In certain circumstances, a portion of these revenue sharing payments may be passed on as compensation to certain Private Client Services account executives. With respect to non-money market fund shares held in Bear Steams accounts. Bear Steams may receive Rule 12b-1 fees and other co

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nto revenue sharing arrangements. In certain circumstances, a portion of these revenue sharing payments may be passed on as compensation to certain Private Client Services account executives, With respect to non money market fund shares held in Bear Stearns accounts. Bear Steams may receive Rule 12b•1 fees and other c