I've tested a version of your code Kelly (shown below) and both versions
display True.  I compiled for both OPM and ILE and got the same results.  I
can only suspect that the data does not contain what you thought.
Alternatively you may be missing some PTFs.

       77 WS-RISK-CODE Pic XX Value "FX".
       77 WS-FLAG      Pic X  Value "Y".
         88 WS-ORDER-DOES-NOT-EXIST value "Y".
       Procedure Division.
       MainProc.
           IF WS-RISK-CODE = "FX" AND
              WS-ORDER-DOES-NOT-EXIST
              Display "True 1"
           END-IF
           IF (WS-RISK-CODE = "FX" AND
              WS-ORDER-DOES-NOT-EXIST)
              Display "True 2"
           END-IF.

Jon Paris
Partner400
www.Partner400.com



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