MORE FROM THE CLINTON AGENDA: BONDS THAT GUARANTEE PROFITS.(MAIN)

Byline: Knight-Ridder

CORAOPOLIS, Pa. -- President Clinton announced the creation of a new government bond on Wednesday that will guarantee investors an annual profit regardless of rising consumer prices.

Designed for investors wary of the stock market and satisfied with a modest but certain return, the Clinton administration hopes the Inflation Protection Bond will encourage a spendthrift society to put more money into savings.

Clinton's announcement, targeted to middle-income Americans, is the latest in a series of small-scale initiatives intended to impress voters wary of grand campaign promises.

The 10-year, anti-inflation bonds will go …