Actually I didn't pose my question correctly.
I also needed to grep out the Link for use in JS during the process.
I wrapped this in a class file and here is the entry that I ended up with.
Thanks for the assist though...
==
function
blah blah blah blah blah Link blah blah blah blah Link
I think I need to use eregi_replace to make the line look like this:
blah blah blah blah blah a href='#'Link/a blah blah blah blah a
href='#'Link/a
Depending on how accurately you have stated the problem, this may work:
$text = 'blah
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