21.   Both WorldCom and AOL are risky investments, however, and made all the riskier by investor enthusiasm.

22.   But an institution like the World Bank cannot plunge willy-nilly into risky investments.

23.   But Altavista itself seems like a risky investment.

24.   But because theater has historically been a risky investment at best, the strategy proved misguided.

25.   But changing environmental regulations and competing technologies could make the diesel plant a risky investment in a volatile market.

26.   But it might turn out to be a risky investment, after all.

27.   But now, agents say, even the well-to-do see a highly taxed or high-maintenance second home as a risky investment.

28.   But real estate investment trusts already have been hit, mostly because of risky derivative investments tied to Asia.

29.   But Taulli adds that some sense of order can be brought to the risky investment through patience and research.

30.   But under money, she failed to suggest the sort of risky derivative investments that caused Orange County to declare bankruptcy recently.