WALL STREET: Small Fry

Manhattan's Kidder, Peabody & Co. this week gave parents a Christmas tip: give the kiddies investment trust shares that can "grow with the years." For gifts of $100 in mutual fund shares, Kidder, Peabody would furnish a green-edged gift certificate listing the shares purchased. The firm reminded parents such shares yield from 3½% to 6%, hinted there was no reason to limit purchases to $100: gifts up to $3,000 are exempt from gift taxes.

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