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Sen. Paul Simon, a 1988 presidential contender and Illinois’ highest-ranking Democrat, said today he would not seek re-election in 1996. Friends of the bespectacled, bowtied senator, elected in 1984 after serving 10 years in the House, said only that the 65-year-old wasn’t enthusiastic about beginning fundraising now for the next election. “I have an obligation to leave the Senate while I am still eager to serve, not after I tire,” Simon told reporters.Post your opinion on theWashingtonbulletin board.