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From a Times Staff Writer
The Investment Company Institute, the mutual fund industry’s chief trade group, said its board elected James S. Riepe, vice chairman of T. Rowe Price Group Inc., as chairman for a one-year term. Riepe succeeds Paul G. Haaga Jr., executive vice president of Los Angeles-based Capital Research and Management, the parent of the American Funds group. Haaga served two one-year terms as chairman of the Washington-based group.
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