We investigate a class of triangular UHF algebras which have the special property that there exists a sequence of unital multiplicative contractive finite-rank conditional expectations of the algebra into itself, which converges strongly to the identity, whose ranges form an increasing chain with dense union. A partial classification is given in terms of a local finiteness property, and a delimiting counterexample is obtained. Associated inverse limit algebras are considered, and a characterization of residually finite dimensional triangular AF algebras is obtained.
1991 Mathematics Subject Classification: 47D25, 46J35.