Wall Street marveled last week at how Bank of America's gargantuan purchase of FleetBoston Financial Corp. creates the second-largest bank in the United States. But little has been mentioned about how it will result in the fourth-largest fund complex in the country.

BoA's acquisition of Fleet for $47 billion in stock will consolidate nearly 120 funds across the two companies, accounting for $187.4 billion in assets, according to Lipper. In addition to BoA's Nations Funds, Fleet will bring its Columbia, Galaxy, Wanger and Bank of Boston families, as well as a host of other sundry portfolios to the new company.

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