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Five of the Internet's largest distributors of unsolicited e-mail are offering up a big olive branch in the face of probable government regulation, promising to take people's names off lists and pay Internet providers who let them continue mailing.

The Internet E-Mail Marketing Council last week disclosed the new offer in Federal Trade Commission hearings.

Included among the five is Cyber Promotions, whose e-mailing of unsolicited mail to America Online users prompted AOL to shut off its access to the service and file a subsequent lawsuit, won by AOL.

Others are CyberTize EMail, Integrated Media Promotions Corp., Internet Savings Group and Quantum Communications.

Under the proposal, consumers could go to the www.iemmc.org site to be deleted from the mailing lists, but might even be paid to continue receiving the messages. Service providers would be paid to cover the costs of delivering the

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