In yet another nod to the growing importance of education, America Online (AOL) has invested $14 million in FamilyEducation Co., the owner of the FamilyEducation Network, which hosts free web sites for schools. As the newest "anchor tenant" in AOL's education channel, the FamilyEducation Network (FEN)--and the school sites it hosts--will be regularly offered up to the eyeballs of 12 million AOL members.

That's the largest online community in the world. AOL members make up nearly half of all the people online, and its membership grows by about a million every three or four...

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