Problem in PRT file

[Bob Rasmussen]

A customer has a PRT file, which, when edited in Notepad, has this line:

  3::<PWML><PAGESIZE\ DOTSPERINCH=300><replace\ in="\\{"\ out="\\x1a<font\ color=white\ background=black>"><replace\ in="}"\ out="\\x1a</font>"><BODY\ LEFTMARGIN=.25in><LEGACY>:Initialize printer

(all one line, of course). What is wrong with it? When included into a 
printfile, it gets mucked up around the point of the second "out".

Regards,
....Bob Rasmussen,   President,   Rasmussen Software, Inc.

personal e-mail: ras at anzio.com
 company e-mail: rsi at anzio.com
          voice: (US) 503-624-0360 (9:00-6:00 Pacific Time)
            fax: (US) 503-624-0760
            web: http://www.anzio.com
 street address: Rasmussen Software, Inc.
                 10240 SW Nimbus, Suite L9
                 Portland, OR  97223  USA