{"id":230054,"date":"2026-02-05T10:04:25","date_gmt":"2026-02-05T16:04:25","guid":{"rendered":"https:\/\/gunsamerica.com\/digest\/?p=230054"},"modified":"2026-02-05T10:04:35","modified_gmt":"2026-02-05T16:04:35","slug":"adler-ad500-308-shot-show-2026","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/adler-ad500-308-shot-show-2026\/","title":{"rendered":"Adler AD500 .308: Budget Semi-Auto &#8212; SHOT Show 2026"},"content":{"rendered":"\n<p class=\"wp-block-yoast-seo-estimated-reading-time yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><svg aria-hidden=\"true\" focusable=\"false\" data-icon=\"clock\" width=\"20\" height=\"20\" fill=\"none\" stroke=\"currentColor\" style=\"display:inline-block;vertical-align:-0.1em\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path><\/svg><\/span><span class=\"yoast-reading-time__spacer\" style=\"display:inline-block;width:1em\"><\/span><span class=\"yoast-reading-time__descriptive-text\">Estimated reading time: <\/span><span class=\"yoast-reading-time__reading-time\">4<\/span><span class=\"yoast-reading-time__time-unit\"> minutes<\/span><\/p>\n\n\n\n<p>The Adler AD500 is a no-nonsense semi-auto .308 built to stack fast follow-up shots without premium sticker shock. Six builds, hunt-ready, and priced for real buyers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-meet-the-adler-ad500-308-a-field-first-semi-auto-for-hunters\">Meet the Adler AD500 .308: A Field-First Semi-Auto for Hunters<\/h2>\n\n\n\n<p>The Adler AD500 is a gas-operated .308 Winchester hunting rifle built for reliability and field performance rather than refinement. It pairs a traditional stock profile with a semi-automatic action and a 20-inch barrel, giving hunters fast follow-up shots without the cost of a premium autoloader.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2-1024x577.jpg\" alt=\"Adler AD500 receiver and magazine close up, semi auto .308 hunting rifle detail\" class=\"wp-image-230062\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2-1024x577.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2-400x225.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2-150x85.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2-768x433.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-2.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">This semi-auto .308 comes in six configurations and won&#8217;t require a mortgage.<\/figcaption><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-meet-the-adler-ad500-308-a-field-first-semi-auto-for-hunters\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Meet the Adler AD500 .308: A Field-First Semi-Auto for Hunters<\/a><\/li><li><a href=\"#h-adler-ad500-options-walnut-synthetic-cerakote-nitride\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Adler AD500 Options: Walnut, Synthetic, Cerakote, Nitride<\/a><\/li><li><a href=\"#h-irons-ready-optics-easy-sights-and-rail-on-the-ad500\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Irons Ready, Optics Easy: Sights and Rail on the AD500<\/a><\/li><li><a href=\"#h-bar-stand-in-or-m1-style-workhorse\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">BAR Stand In or M1 Style Workhorse?<\/a><\/li><li><a href=\"#h-adler-ad500-key-specifications\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Adler AD500 Key Specifications<\/a><\/li><li><a href=\"#h-pros-and-cons-where-the-ad500-wins-and-where-it-does-not\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Pros and Cons: Where the AD500 Wins and Where It Does Not<\/a><\/li><li><a href=\"#h-related-reads-from-gunsamerica-digest\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-level=\"2\">Related Reads from GunsAmerica Digest<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-adler-ad500-options-walnut-synthetic-cerakote-nitride\">Adler AD500 Options: Walnut, Synthetic, Cerakote, Nitride<\/h2>\n\n\n\n<p>The AD500 uses a 20-inch barrel with a 1:12 twist, optimized for common .308 hunting loads. Barrel construction is 4140 steel with a Melonite finish and Cerakote on the receiver. There are six different configurations with varying price points from about $650 to $900.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"290\" src=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7-1024x290.jpg\" alt=\"Adler AD500 full right side view with Turkish walnut stock and modern styling\" class=\"wp-image-230056\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7-1024x290.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7-400x113.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7-150x43.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7-768x218.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-7.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The Turkish walnut option has modern styling.<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Stock options include walnut for hunters who prefer a classic look, synthetic for those who want better durability in harsh conditions, and camo synthetic, too. Weight stays in the 6.6 to 6.8 pound range, making the <a href=\"https:\/\/gunsamerica.com\/digest\/everything-you-really-need-to-know-about-picking-a-long-gun-light-lumens\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-wpil-monitor-id=\"3333\">rifle light<\/a> to carry but still heavy enough to manage recoil.<\/p>\n\n\n<a href=\"https:\/\/gunsamerica.com\/search?keyword=Adler%20\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" style=\"text-decoration:none;font-weight:700;line-height:1;border-radius:9999px;background:#eef4ff;color:#1849a9;border:1px solid #d8e0f0;padding:10px 16px\">\n  \ud83d\uded2 Check Current Price for Adler on GunsAmerica\n<\/a>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-irons-ready-optics-easy-sights-and-rail-on-the-ad500\">Irons Ready, Optics Easy: Sights and Rail on the AD500<\/h2>\n\n\n\n<p>The rifle includes a fixed front sight, an adjustable rear sight that is often fiber optic, and a Picatinny rail on top of the receiver. It is immediately usable with irons, and optics mounting is simple and secure.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4-1024x577.jpg\" alt=\"Adler AD500 rear green fiber optic sight close up with Picatinny rail clearance\" class=\"wp-image-230060\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4-1024x577.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4-400x225.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4-150x85.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4-768x433.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-4.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Comes with forward-mounted fiber optic sights that don&#8217;t interfere with optics on the Pic rail.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bar-stand-in-or-m1-style-workhorse\">BAR Stand In or M1 Style Workhorse?<\/h2>\n\n\n\n<p>Like the Browning BAR, it is a semi-automatic .308. However, it lacks the century of refinement and <a href=\"https:\/\/gunsamerica.com\/digest\/will-the-1980-norco-shootout-a-tidy-little-war\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-wpil-monitor-id=\"3336\">war history<\/a> the BAR brings along. <\/p>\n\n\n\n<p>And while the build quality appears ok on the <a href=\"https:\/\/gunsamerica.com\/digest\/ruger-57-shot-show-2020\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-wpil-monitor-id=\"3332\">SHOT Show<\/a> floor, it is no Browning. The Browning BAR is still the refined option in this category, with a smoother trigger, polished construction, and deep aftermarket support. The Adler AD500 does not compete on those terms.<\/p>\n\n\n\n<p><strong>SEE ALSO: <a href=\"https:\/\/gunsamerica.com\/digest\/bersa-brings-more-capacity-shot-show-2026\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\">Bersa Brings More Capacity \u2014 SHOT Show 2026<\/a><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3-1024x577.jpg\" alt=\"Adler AD500 walnut stock with modern comb and laser cut checkering close up\" class=\"wp-image-230061\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3-1024x577.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3-400x225.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3-150x85.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3-768x433.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-3.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The walnut stock has a modern cut and laser checkering.<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Instead, maybe it is more like an <a href=\"https:\/\/gunsamerica.com\/digest\/m1-garand-bucket-list-review\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-wpil-monitor-id=\"3334\">M1 Garand<\/a>, a basic production semi-auto. It should be a blast for plinking and hopefully accurate enough for hunting, too. Its price point is certainly more attainable than either an M1a or a BAR.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-1024x577.jpg\" alt=\"Adler AD500 tactical configuration with pistol grip and adjustable stock close up\" class=\"wp-image-230055\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-1024x577.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-400x225.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-150x85.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim-768x433.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2026\/01\/SHOT_Show_Adler_AD_500_GunsAmerica_Levi_Sim.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The &#8220;tactical&#8221; version comes with a pistol grip and an extending stock.<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-adler-ad500-key-specifications\">Adler AD500 Key Specifications<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Model<\/th><td>Adler AD500<\/td><\/tr><tr><th>Caliber<\/th><td>.308 Winchester<\/td><\/tr><tr><th>Action<\/th><td>Gas-operated semi-auto<\/td><\/tr><tr><th>Barrel<\/th><td>20&#8243;, 4140 steel, Melonite finish<\/td><\/tr><tr><th>Twist Rate<\/th><td>1:12<\/td><\/tr><tr><th>Overall Length<\/th><td>~42&#8243;<\/td><\/tr><tr><th>Weight<\/th><td>~6.6\u20136.8 lb<\/td><\/tr><tr><th>Receiver<\/th><td>7075-T6 aluminum, Cerakote<\/td><\/tr><tr><th>Magazine Capacity<\/th><td>3 \/ 5 \/ 10 rounds (proprietary)<\/td><\/tr><tr><th>Sights<\/th><td>Fixed front, adjustable fiber-optic rear<\/td><\/tr><tr><th>Optics Mount<\/th><td>Picatinny rail<\/td><\/tr><tr><th>Stock Options<\/th><td>Walnut or synthetic<\/td><\/tr><tr><th>MSRP<\/th><td>Approx. $650 to $900<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pros-and-cons-where-the-ad500-wins-and-where-it-does-not\">Pros and Cons: Where the AD500 Wins and Where It Does Not<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pros:<\/strong> <a href=\"https:\/\/gunsamerica.com\/digest\/real-ar-15-shotgun-hot-rodding-raac-mka-1919\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" data-wpil-monitor-id=\"3335\">Real semi-auto<\/a> speed in .308, six configurations, usable irons and ready rail, manageable weight for the field, approachable price.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Not as refined as a Browning BAR, proprietary mags, trigger, and finish feel more utilitarian than premium.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-related-reads-from-gunsamerica-digest\">Related Reads from GunsAmerica Digest<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"http:\/\/[Internal 1]\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" target=\"_blank\" rel=\"noreferrer noopener\">Browning BAR: Why Hunters Still Love This Classic Semi Auto<\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/[Internal 2]\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" target=\"_blank\" rel=\"noreferrer noopener\">Budget .308s That Punch Above Their Price<\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/[Internal 3]\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" target=\"_blank\" rel=\"noreferrer noopener\">SHOT Show Semi Autos: New Rifles Worth a Look<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"adler-ad500-308-shot-show-2026\" title=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adler AD500 is a no-nonsense semi auto .308 built to stack fast follow up shots without premium sticker shock. Six builds, hunt ready, and priced for real buyers.<\/p>\n","protected":false},"author":100,"featured_media":230062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[1348,4052,4519],"tags":[1848,102,343,4520],"featured":[],"hunt365":[],"class_list":{"0":"post-230054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-levi-sim","8":"category-semi-automatic","9":"category-shot-show-2026","10":"tag-308-2","11":"tag-feature-articles","12":"tag-rifle","13":"tag-shot-show-2026"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adler AD500 .308 - SHOT Show 2026<\/title>\n<meta name=\"description\" content=\"Semi auto .308 with walnut or synthetic, 20 inch barrel, irons and rail. Six builds, fast follow ups, no premium price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gunsamerica.com\/digest\/adler-ad500-308-shot-show-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adler AD500 .308: Budget Semi-Auto -- SHOT Show 2026\" \/>\n<meta property=\"og:description\" content=\"The Adler AD500 is a no-nonsense semi auto .308 built to stack fast follow up shots without premium sticker shock. 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