Effective Immediately:

Fidelity Investments Institutional Services Company No. 5894
SEI Financial Services Co./First American Funds No. 5869

• The following firm will retire from the Envelope Settlement Service as detailed below:

Effective Immediately:

Access Securities, Inc. No. 0373

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

Effective September 1, 1998:
From: Charles (J.W.) Clearing Corp. No. 0194
To: JWGenesis Clearing Corp. No. 0194

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

Effective Immediately:
Common Back Office, Inc. No. 0360
Listed Alpha Identifier: CBO
OTC Alpha Identifier: CMBO

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

First Trade Date August 17, 1998:
Richards, Merrill & Peterson, Inc. No. 8192
Networking Code: X7
Contact: Kevin King
Phone: (509) 624-3174

• The following firm will retire from the Fund/Serv Commission Settlement service as detailed below:

Effective Immediately:
Forum Financial Services Inc./Forum Funds No. 5659

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

Last Trade Date August 13, 1998:
Federated Securities Corp./Edgewood/BT Funds No. 5738

• An additional number has been assigned to ICC Distributors, Inc. (#5527) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date August 14, 1998:
ICC Distributors, Inc./BT Family of Funds No. 5738
Networking Code: DO
Contact: Greg Hirst
Phone: (412) 358-2491

• The following firm will have a change in name only as detailed below:

Effective Immediately:
From:
Van Kampen American Capital Distributors, Inc. No. 5513
Van Kampen American Capital Distributors, Inc./Morgan Stanley SICAV No. 4944
Van Kampen American Capital Distributors, Inc./UIT No. 4964

To:
Van Kampen Funds Inc. No. 5513
Van Kampen Funds Inc./Morgan Stanley SICAV No. 4944
Van Kampen Funds Inc./UIT No. 4964

• An additional number has been assigned to Advantage Trading Group, Inc. (#0173) for the purpose of using the Fund/Serv, Networking, ACATS, RECAPS, and Envelope Settlement services as detailed below:

First Trade Date, August 17, 1998:
Empire Financial Group, Inc. No. 0297
Networking Code: T8
Contact: Kevin Gagne
Phone: (407) 260-1744
Envelope Settlement Location: Y (New York)

• The following firm will begin participation in the OTC Comparison System and the Envelope Settlement Services as detailed below:

First Trade Date, August 17, 1998:
Alpine Partners, L.P. No. 0439
OTC Alpha Identifier APTR

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, 1998 as detailed below:

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

• Kindly update the Municipal Bond Comparison Directory dated July 3, 1998 as detailed below:

The following firms have remitted executed Networking Agreements during the week of August 14, 1998:
Mid Altantic Capital Corp. - #0101

The following firms have remitted executed Retirement Account Transfer Agreements during the week of August 14, 1998:
Premier Mutual Fund Services - #5523

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