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this is awsome, works great....... Thanks buddy.

Thats really quick reply, appreciate the response. I had already tried that, but i want to put it in a loop.
for example there can be 1000 occurances out of which i want to replace only first 500...

file.txt contains
abc :-X 1234 :-X fjhfkf :-X ffwerw :-X fdfgetw :-X hwfhe89 :-X

in the this file there are 6 occurance of -X
i want to replace only first 3 occurances of '-X' with 'XY'
and...