>applies only to compressing REXX execs that TSO/E puts into VLF.

TSO/E does not supply a way for you to make a compressed exec 
automatically and store it elsewhere, as far as I know.
...

It's more like pre-compiling rather than compressing.
The REXX stored in VLF has already been parsed and tokenised.
(And, comments and white space are removed).

There is a REXX compiler or two, that will turn your programme into an object 
module.
-teD

In God we Trust!
All others bring data!
 -- W. Edwards Deming

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