A 4810 - August 7, 1998
P&S 4372

TO: ALL PARTICIPANTS

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

SUBJECT: CHANGES IN THE LIST OF PARTICIPANTS

REMINDER:

• The following firm retired 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.

REMINDER

• The following firm retired 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 August 4, 1998:
Fleet Clearing Corporation No. 0108
Listed Alpha Identifier: FLT
OTC Alpha Identifier: FLTC

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

Effective Immediately:
First National Bank of Commerce No. 6874

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

Effective Immediately:
Perelman-Carley & Associates, Inc. No. 8086
Networking Code: Y3
Contact: Bill Turner
Phone: (402) 342-6000

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

First Trade Date August 4, 1998:
Republic of New York Securities Corp. No. 0578
Networking Code: RY

• 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 August 4, 1998:
Investors Bank and Trust Company No. 2132
Networking Code: X8
Contact: Chris Hale
Phone: (617) 330-6275

First Trade Date August 5, 1998:
Glenmede Trust Company (The) No. 2139
Networking Code: X9
Contact: Phyllis R. Simirglia
Phone: (215) 419-6080

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

First Trade Date August 7, 1998:
Security Capital Markets Group, Inc. No. 5451
Networking Code: W8
Contact: Barbara Zechello
Phone: (617) 774-2761

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

Effective Immediately:
Blair (C.M.), Foster (W.O.) & Co. No. 0401

Any questions should be directed to:
Mr. Charles M. Blair
Blair (C.M.), Foster (W.O.) & Co.
800 West South Street (Suite 930)
Los Angeles, California 90017
Tel: (213) 362-9848

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

Effective Immediately:
From: Merit Investment Corporation No. 8017
To: Rampart Securities, Inc. No. 8017

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

Effective Immediately:
Jones (Edward D.) and Company No. 0057

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:

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

The following firms have remitted executed Retirement Account Transfer Agreements during the week of August 7, 1998:

Berger Distributors, Inc. - 5888
Vista Fund Distributors, Inc. - 5803

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