In analyzing its second quarter 2004 figures, the not-for-profit lobbying group for college savings programs found that an overwhelming majority of 529 plans employ the savings style that gets more conservative as the saver nears college-age, known as age-based portfolios.

Almost exactly two-thirds, 66.2%, of the $16.04 billion worth of assets looked at in the survey employed the age-based strategy, while 25.8% followed a static strategy, according to The College Savings Foundation. Only 8% invested in an individual fund.

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