A 4827 - September 11, 1998
P&S 4391

TO: ALL PARTICIPANTS

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

SUBJECT: CHANGES IN THE LIST OF PARTICIPANTS

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

First Trade Date, September 11, 1998:
John Hancock Funds Inc. No. 0460
Networking Code: Z3
Contact: Michael Hefferman
Phone: (617) 886-3305

• An additional number has been assigned to ALPS Mutual Funds Services, Inc. (#5642) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date, September 14, 1998:
ALPS Mutual Funds Services, Inc./Aristata Funds No. 5421
Networking Code: R6
Contact: Kim Harbage
Phone: (303) 623-2577

• The following insurance companies will begin participation in the Annuity Processing Service as defined below:

First Trade Date, September 11, 1998:
Golden American Life Insurance Company No. 4506

First Trade Date, September 14, 1998:
Preferred Life Insurance Company of New York No. 4524
Allianz Life Insurance Company of North America No. 4523

• The following firm will retire from the Networking system only as detailed below:

Effective Immediately:
Sentra Securities Corporation No. 0182

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 Retirement Account Transfer Agreements during the week of September 11, 1998:

Counsellor's Securities, Inc. - #5735

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