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Significant throughput improvements can be obtained in multiple-input multiple-output (MIMO) fading channels by merging beamforming at the transmitter and maximal ratio combining (MRC) at the receiver. In general, accurate channel state information (CSI) is required to achieve these performance gains. In this paper, we analyze the impact of channel prediction error on the bit error rate (BER) of combined beamforming and MRC in slow Rayleigh fading channels. Exact closed-form BER expressions are obtained in terms of elementary functions. Numerical results show that imperfect CSI causes little BER degradation using channel prediction of moderate complexity.