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You can save any IM conversation as a text file and then open it in a text editor.
At any time during an IM conversation, choose Save As from the Conversation menu in the IM window.

The Save Conversation History window opens.
In the Save Conversation History window, use the default file name or type a new file name, then click the Save button.
Your conversation is saved as a text file that you can open with any text editor.
Yahoo! Messenger provides real-time interaction with your friends, family, and colleagues. Use it often, and invite your friends to join you.