It's a whole lot simpler than that:
{IF{MERGEFIELD dollaramount \# 0}> 650000 "text3" {IF{MERGEFIELD dollaramount \# 0}> 417000 "text2" "text1"}}
I can't see where {MERGEFIELD program} has a role.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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