An intramedullary nail for placement in a fractured bone, comprising: a distal portion configured to be placed in a distal portion of a bone, the distal portion having a distal end having a first diameter and a proximal end having a second diameter, the second diameter of the proximal end of the distal portion being less than the first diameter of the distal end of the distal portion, the distal end of the distal portion and the proximal end of the distal portion being coaxially disposed about a longitudinal axis of the distal portion, the distal portion also having a first land created at a point where the first diameter of the distal end of the distal portion meets the second diameter of the proximal end of the distal portion; a proximal portion configured to be placed in a distal portion of the bone, the proximal portion having a proximal end and a distal end, the distal end of the proximal portion telescopically arranged around the proximal end of the distal portion, the first land, and a portion of the distal end of the distal portion, the proximal portion being moveably engaged with the proximal end of the distal portion; the distal end of the proximal portion having a first section having a first diameter sized to slide over the first diameter of the distal end of the distal portion, the first section having a second land formed by a second diameter of the first section, the second diameter of the first section being less than the first diameter of the first section; a space defined by the first land of the distal portion and the second land of the proximal portion disposed between the first diameter of the first section of the distal end of the proximal portion and the second diameter of the proximal end of the distal portion; a reversibly compressible bias member disposed in the space between the first land and the second land for biasing the distal and proximal portions apart along the longitudinal axis; and an adjusting assembly disposed between the distal and proximal portions, the adjusting assembly configured to allow a user to select an uncompressed longitudinal length of the arrangement of the distal and proximal portions, and to provide for a selected amount of movement along the longitudinal axis between the proximal and distal portions. a distal portion configured to be placed in a distal portion of a bone, the distal portion having a distal end having a first diameter and a proximal end having a second diameter, the second diameter of the proximal end of the distal portion being less than the first diameter of the distal end of the distal portion, the distal end of the distal portion and the proximal end of the distal portion being coaxially disposed about a longitudinal axis of the distal portion, the distal portion also having a first land created at a point where the first diameter of the distal end of the distal portion meets the second diameter of the proximal end of the distal portion; a proximal portion configured to be placed in a distal portion of the bone, the proximal portion having a proximal end and a distal end, the distal end of the proximal portion telescopically arranged around the proximal end of the distal portion, the first land, and a portion of the distal end of the distal portion, the proximal portion being moveably engaged with the proximal end of the distal portion; the distal end of the proximal portion having a first section having a first diameter sized to slide over the first diameter of the distal end of the distal portion, the first section having a second land formed by a second diameter of the first section, the second diameter of the first section being less than the first diameter of the first section; a space defined by the first land of the distal portion and the second land of the proximal portion disposed between the first diameter of the first section of the distal end of the proximal portion and the second diameter of the proximal end of the distal portion; a reversibly compressible bias member disposed in the space between the first land and the second land for biasing the distal and proximal portions apart along the longitudinal axis; and an adjusting assembly disposed between the distal and proximal portions, the adjusting assembly configured to allow a user to select an uncompressed longitudinal length of the arrangement of the distal and proximal portions, and to provide for a selected amount of movement along the longitudinal axis between the proximal and distal portions.