Every movie watcher gets a kick out of old `80s flicks - the hair, the clothes and especially those bulky computers! Thanks to a new initiative unveiled by Bank One last week, investors may soon regard CDO technology from Banc One's competition with similar bemusement - or maybe not, but time will tell.

Compliance testing and trade executions for CDOs got a facelift from Bank One's Corporate Trust Group. The Illinois-based corporation unveiled CDOConnect, a proprietary Web site linking its CDOnet back-office software with the flexibility of the Internet, this week.

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