A 4797 - July 10, 1998

A 4797 - July 10, 1998
P&S 4359

TO: ALL PARTICIPANTS

ATTENTION: MANAGER, PURCHASES AND SALES DEPARTMENT; CASHIER; FUND/SERV PARTICIPANTS; ACATS PARTICIPANTS

SUBJECT: CHANGES IN THE LIST OF PARTICIPANTS

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

First Trade Date July 7, 1998:
Matrix Capital Bank No. 5952
Networking Code: S1
Contact: Robb Beau
Phone: (303) 595-9898

First Trade Date July 13, 1998:
Columbus Circle Trust No. 5951
Networking Code: Q7\
Contact: Michelle Montano
Phone: (203) 353-6028

Mid Atlantic Capital Corp. No. 0101
Networking Code: S7
Contact: Timothy Friday
Phone: (412) 391-7077

Vestax Securities Corporation No. 0444
Networking Code: T7
Contact: David K. Critzer
Phone: (330) 650-1660

An additional number has been assigned to Ameriprime Financial Securities (#4917) for the purpose of using the Networking system as detailed below:

First Trade Date July 8, 1998:
Ameriprime Financial Securities/Unified Funds No. 5441
Networking Code: V4

An additional number has been assigned to FPS Broker Services, Inc. (#5570) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date July 9, 1998:

FPS Broker Services, Inc./Sports Fund Trust No. 5422
Networking Code: R7
Contact: Rocky Cavalieri
Phone: (610) 239-4500

An additional number has been assigned to First Fund Distributors, Inc. (#5693) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date July 10, 1998:
First Fund Distributors, Inc./The Van Deventer &
Hoch American Value Fund No.5423
Networking Code: R8
Contact: Denise Lewis
Phone: (626) 852-1033

The following firm will retire from Trade Comparison Only, as detailed below:

Effective Immediately:
Fowler, Rosenau & Geary, L.L.C. No. 0583
Listed Alpha Identifier: FRG

The following firm will begin participation in the NSCC Fund/Serv Commission Settlement service as detailed below:

Effective Immediately:
Alliance Fund Distributors, Inc./International Division No. 5809

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:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete, Immediately:
Crispin, Koehler Securities, Inc.	FSWC	0309	CKSI
Sepulveda & Smith Securities, Inc.	ECCC	0262	SEPA

Executing Broker Name and Symbol Change, Effective July 13, 1998:
From: R A F Financial Corporation	PWJC	0221	RAFC
To: American Fronteer Financial Corp.	PWJC	0221	AFTR

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete, Last Trade Date July 14, 1998:
Seelaus (R.) & Co., Inc.	COWN	0286	SEEL

Add, Immediately:
PFYDA Corporation	ERNS	0233	PFYD
SF Investments, Inc.	BSSC	0352	SFPS

Add, First Trade Date July 15, 1998:
Seelaus (R.) & Co., Inc.	PRUS	0030	SEEL

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

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete, Immediately:
Hamilton-Shea Group, Inc.	SALI	0750	SHEA

Add, Immediately:
MG Securities Group	PFSI	0234	MGSG
Norstar Securities International Inc.	GLIS	8083	NSIF

Kindly update the Municipal Bond Comparison Directory Dated January 2, 1998 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric

Add, Immediately:
American Investors Company	NFSC	0226	AMIC
Kornfield & Company	QRCC	0158	KABB
New Times Services	NFSC	0226	NTSC

The following firms have submitted executed Retirement Account Transfer Agreements during the week of July 10, 1998:

Lord Abbet Distributors - #5500

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