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

First Trade Date June 12, 1998:
First Commercial Bank of Birmingham, Alabama No. 6755

• The following firm will change their Networking Identifier as detailed below:

Effective Immediately:
Miller & Schroeder Financial Inc. No. 8126
From: Networking Identifier T4
To: Networking Identifier Q2

• The following firm will retire from all services as detailed below:

Last Trade Date June 11, 1998:
First Commercial Bank/Chase No. 6452

• The following firm will retire from all services as detailed below:

Effective Immediately:
Principal Financial Securities, Inc. No. 0730

Questions regarding open transactions to:
Mr. Wayne A. Scott, S.V.P.
Principal Financial Securities, Inc.
The Fountain Place
Dallas, TX 75221-0508
(214) 880-9000

• The following firm will begin participation in the Fund/Serv and Networking systems as detailed below:

First Trade Date, June 15, 1998:
American Industries Trust Co., Inc. No. 5950
Networking Code: T4
Contact: John Gammon
Phone: (713) 460-1600

• Additional numbers have been assigned to Bisys Fund Services, L.P. (#5564) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date, June 15, 1998:
Bisys Fund Services, L.P./World Horizon Funds No. 5439
Networking Code: U6
Bisys Fund Services, L.P./Puget Sound Fund No. 5438
Networking Code: U5
Contact: Seth Lewis
Phone: (614) 470-8463

• An additional number has been assigned to Nicholas - Applegate Securities (#5897) for the purpose of using the Networking and Fund/Serv Commission Settlement systems as detailed below:

First Trade Date, June 12, 1998:
Nicholas-Applegate Securities/Strategic Opportunities Ltd. No. 5704
Networking Code: NZ

• The following firms will begin participation in the Fund/Serv Commission Settlement Service as detailed below:

First Trade Date June 12, 1998:
PAX World Fund, Inc. No. 4940
PAX World Growth Fund Inc. No. 4974

The following members of The Depository Trust Company will begin participation in the NSCC/DTC Fund/Serv and Networking Interface as detailed below:

First Trade, Date, June 15, 1998:
Fleet Bank of Massachusetts No. 0913
Networking Code: U8
Contact: Tina Young
Phone: (716) 255-2478

Discount Corp. Of NY- A Division of Zions First National Bank No. 2104
Networking Code: U9
Contact: Annette Langheinrich
Phone: (801) 594-8047

Bankers Trust Company - Private Bank Fund/Serv Only No. 2177
Networking Code: V1
Contact: Nevena Antic
Phone: (212) 454-4244

UPDATE
OTC EXECUTED-BY LIST
MUNICIPAL BOND COMPARISON DIRECTORY

• Kindly update the OTC Executed-By List and the Municipal Bond Comparison Directory dated January 2, 1998 as detailed below:

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

The following firms have submitted Executed Retirement Account Transfer Agreements during the week of June 12, 1998:

Pimco Funds Distribution LLC

If you have any questions, please call William Reilly at (212) 412-8620 or Lisa Siebold at (212) 412-8591.

Jan Meola
Vice President, Membership