RE: Conversion The decision to convert is dependant on your tax situation. For some people it may be advantagous not to convert. For this reason, it is not done automatically.
For a very good explanation, go back in the message board to a post by "flin" , around March of 2003. Flin does a great job in his/her post which also has a subject header of "Conversion".
Good Luck, Banacheque