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

Effective Immediately:
SEI Financial Services Company/Core Fund No. 5870

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

Last Trade Date August 3, 1998:
UBS Securities, L.L.C. No. 0542

All open contracts which are to be cleared, settled or delivered through or by National Securities Clearing Corporation have been assumed by Warburg Dillon Read, L.L.C. No. 0642.

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

Last Trade Date July 29, 1998:
Gruntal & Co., L.L.C. No. 0593

Questions regarding open transactions should be directed to:

Mr. Joseph Fiorito
Gruntal & Co., L.L.C.
14 Wall Street
New York, N.Y. 10005
(212) 267-8800

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

Last Trade Date July 28, 1998:
C.M. Blair, W.D. Foster & Co. No. 0401
OTC Alpha Identifier: BLAR

*Note: See page 4 for additional information.

• The following insurance companies will begin participation in the Annuity Processing Services as detailed below:

First Trade Date, August 3, 1998:
Equitable Life Assurance Society of The U.S. (The) No. 4535
Kemper Investors Life Insurance Company No. 4529

• The following firm will change its name and OTC symbol as detailed below:

Effective Immediately:
From: CT Securities Services Inc. No. 8076
OTC Alpha Identifier: MEDF
To: CT Securities, Inc. No. 8076
OTC Alpha Identifier: FCDF

• The following member of the Depository Trust Company will begin participation in the NSCC/DTC Fund/Serv Interface, as detailed below:

First Trade Date July 29, 1998:
Marquette Bank, N.A. No. 2144
Contact: Joan L. Melcher
Phone: (612) 417-2837

• An additional number has been assigned to Maxus Securities Corp. (#5499) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date August 3, 1998:
Maxus Securities Corp./Ameristock Mutual Funds No. 5455
Networking Code: X4
Contact: Greg Getts
Phone: (216) 687-1000

• An additional number has been assigned to Syndicated Capital Inc. (#5680) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date August 3, 1998:
Syndicated Capital Inc./Amerindo Technology Fund No. 5447
Networking Code: W3
Contact: Pam Watson
Phone: (310) 393-1039

• The following insurance companies will begin participation in the Annuity Processing Services (APS) as detailed below:

First Trade Date, August 3, 1998:
Kemper Investors Life Insurance Company No. 4529
The Equitable Life Assurance Society of the United States No. 4535

• An additional number has been assigned to Countrywide Investments, Inc. (#5588) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date August 3, 1998:
Countrywide Investments Inc./LM Capital No. 5866
Networking Code: O3
Contact: Pat Dagenbach
Phone: (513) 629-2975

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

First Trade Date August 3, 1998:
Accessor Funds Inc. Short-Intermediate Fixed-Income Portfolio No. 5577
Networking Code: G8
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. Small to Mid Cap Portfolio No. 4994
Networking Code: G4
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. U.S. Government Money Portfolio No. 5579
Networking Code: G9
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. Value and Income Portfolio No. 4993
Networking Code: G3
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. Mortgage Securities Portfolio No. 4997
Networking Code: G7
Contact: Chris Stansbury
Phone: (206) 224-7420

Advisor Funds Inc. International Equity Portfolio No. 4995
Networking Code: G5
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. Growth Portfolio No. 4992
Networking Code: G2
Contact: Chris Stansbury
Phone: (206) 224-7420

Accessor Funds Inc. Intermediate Fixed-Income Portfolio No. 4996
Networking Code: G6
Contact: Chris Stansbury
Phone: (206) 224-7420

• An additional number has been assigned to First Data Distributors, Inc. (#4857) for the purpose of using the Fund/Serv and Networking systems and Commission Settlement service as detailed below:

First Trade Date August 3, 1998:
First Data Distributors, Inc./First Choice Funds No. 5436
Networking Code: V2
Contact: Eileen Gilfedder
Phone: (508) 871-3725

• The following firm has changed its name as detailed below:

Effective Immediately:
From: Keystone Distributors, Inc. No. 5518
To: Evergreen Investment Services, Inc. No. 5518

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

The following firms have remitted Executed Networking Agreements during the week of July 27, 1998:

Aurum Securities Corporation - #0434

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