The REPLACE statement is used to replace source program text.

  Format 1 -

   REPLACE {==pseudo-text-1== BY ==pseudo-text-2==} ...

1  –  pseudo-text-1

  is a text-matching argument that the compiler compares against
  text-words in the source program.

2  –  pseudo-text-2

  is a replacement item that the compiler inserts into the source
  program.