Bank of America joins the growing ranks of mutual fund companies that are coming to their money market funds’ aid due to subprime exposure in structured investment vehicles (SIV). BoA said it might spend up to $600 million to support its funds.

Credit Suisse’s SIV exposure in its money market funds has cost it $125 million, Wachovia has bought $40 million of distressed debt from its Evergreen money market fund, Legg Mason invested $100 million in one of its money market funds last month and recently procured $238 million in credit to support two others. Likewise, SEI Investments and Sun Trust Banks have secured credit in the event they need to support their money market funds.

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