The best-known holdout against mutual fund B shares - Capital Research and Management Co. of Los Angeles - is taking steps which would make it possible for the group's American Funds to add that increasingly popular sales charge option.

Capital Research's $54 billion Investment Company of America fund will ask shareholders at a meeting October 19 to approve changes in its legal structure that would permit it to add back-end-load, or B shares. Capital Research executives may recommend adding the shares in the future, according to a preliminary proxy statement which the firm filed with the SEC on July 19.

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