A 4676 - November 7, 1997

A 4676 - November 7, 1997
P&S 4245

TO: ALL PARTICIPANTS

ATTENTION: MANAGER, PURCHASE AND SALES DEPARTMENT, CASHIER, FUND/SERV PARTICIPANTS

SUBJECT: CHANGES IN THE LIST OF PARTICIPANTS

The following participant will change its name and OTC Alpha Identifier, as detailed below:

First Trade Date November 17, 1997:
From: Pacific Brokerage Services, Inc. No. 0272
OTC Alpha Identifier: PBSC
To: Dreyfus Brokerage Services, Inc. No. 0272
OTC Alpha Identifier: DBSC

The following participants will change their names as detailed below:

Effective Immediately:
From: ND Capital Inc. No. 5818
To: Integrity Mutual Funds - FABW No. 5818

Effective Immediately:
From: ND Capital Inc./Montana Tax Free Fund No. 5657
To: Integrity Mutual Funds - FWBT No. 5657

The following firm will begin participation in the OTC Comparison System as detailed below:

Effective Immediately:
Miller & Schroeder Financial Inc. No. 8126
OTC Alpha Identifier: MLSR

The following firm has changed its name as detailed below:

Effective Immediately:
From: GNA Securities, Inc. No. 0193
To: Capital Brokerage Corporation No. 0193

The following firms will begin participation in the Annuity Processing Service as detailed below:

First Trade Date, November 10, 1997:
Jones (Edward D.) & Co. No. 0057
Raymond James & Associates, Inc. No. 0725
Lincoln National Life Insurance Company (The) No. 4500
Hartford Life Insurance Company No. 4501

An additional number has been assigned to Raymond James & Associates Inc./Heritage Funds (#5822) for the purpose of using the Fund/SERV and Networking Systems as detailed below:

Effective Immediately:
Raymond James & Associates Inc./Puerto Rico Funds No. 5547
Networking Code: I2
Contact: Matt Calabro
Phone: (813) 573-3800

UPDATE
OTC EXECUTED-BY LIST
MUNICIPAL BOND COMPARISON DIRECTORY

Kindly update the OTC Executed-By List and the Municipal Bond Comparison Directory dated July 3, 1997 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete, Immediately:
Aetna Fianancial Services, Inc.	NFSC	0226	AEFS
American Investors Company	NFSC	0226	AMIC
Dart Papesh & Company Inc.	NFSC	0226	DAPA
Goldberg (Gary) & Co., Inc.	NFSC	0226	GRYG
Guardian Investor Services Corp.	NFSC	0226	GUAR
Hancock Investment Services, Inc.	NFSC	0226	HANK
International Money Mgmt. Group, Inc.	NFSC	0226	IMMG
Legacy Securities Corp.	NFSC	0226	LEGA
Mack (Peter R.) & Co., Inc.	NFSC	0226	PRMC
Global Investment Services, Inc.	NFSC	0226	GISI
	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Effective Immediately, Executing Broker Symbol Change
From: Southlake Securities	SWST	0279	SHLK
To: Southlake Securities	SWST	0279	SLAK
Delete, Last Trade Date Nov. 7, 1997:
First Madison Securities Inc.		0235	FMSG
Delete, Last Trade Date Nov. 11, 1997:
Cornerstone Securities Corporation	PFSI	0234	CRNR
Cornerstone Trading Corporation	PFSI	0234	CRNT
Southeast Research Partners, Inc.	BSSC	0352	SERP
Add Immediately:
Grace, (R.K.) & Company	NFSC	0226	RKGR
Paramount Securities Corp.	JBOC	8273	PSCI
Add, First Trade Date Nov. 10, 1997:
First Madison Securities Inc.		0277	FMSG
Add, First Trade Date Nov. 12, 1997:
Cornerstone Securities Corporation	SILK	0501	CRNR
Cornerstone Trading Corporation	SILK	0501	CRNT
Southeast Research Partners, Inc.		0277	SERP

Kindly update the OTC Executed-By List as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Immediately :
Allegheny Investments Ltd.	NFSC	0226	ALLE
Gates Carter Levi Inc.	NFSC	0226	GCLI
O’Cono/Trade, Inc.	NFSC	0226	OCTI
Progressive Equities Management	SWST	0279	PGRS

Kindly update the Municipal Bond Comparison Directory dated July 3, 1997 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add Immediately:
Acker, Wolman Securities Corp.	QRCC	0158	AWOL
Delta Equity Services	QRCC	0158	DELS
U.S.A. Investments Inc.	QRCC	0158	USAI
Wedgewood Partners, Inc.	QRCC	0158	WGWD

If you have any questions, please call William Reilly at (212) 412-8620 or Jan Meola at (212) 412-8623.

David F. Hoyt
Vice President