A 4833 - September 25, 1998
P&S 4397

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 retire from Networking as detailed below:

Effective Immediately:
MONY Securities Corp. No. 0082

• The following firm will retire from the Municipal Comparison System as detailed below:

Effective Immediately:
FTNA/FBS Investment Services No. 2868

• The following firm will begin participation in the Corporate Bond and UIT Comparison system as detailed below:

First Trade Date, October 1, 1998:
Dreyfus Investment Services Corporation No. 0721
Municipal Symbol: IVNE

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

Last Trade Date, September 25, 1998:
Last Settlement Date, September 30, 1998:
Genesis Merchant Group Securities LLC No. 0243
Listed Alpha Indicated GMG

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

Effective Immediately:
Hanauer (J.B.) & Co. No. 0427
CJM Planning Corporation No. 0450

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

First Trade Date, October 1, 1998:
Caterpillar Securities, Inc./Preferred Group of Mutual Funds No. 5465
Networking Code: Z2
Contact: Carol Burns
Phone: (309) 675-8147

• The following firm will change its listed symbol as detailed below:

First Trade Date, September 28, 1998:
DB Clearing Services No. 0245
Listed Alpha Identifier From: DNW
To: DBK

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

First Trade Date, September 28, 1998:
Funds Distributor, Inc./LaSalle Partners No. 5782
Networking Code: R3
Contact: Mary Nelson
Phone: (617) 557-3344

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

Last Trade Date, September 30, 1998:
Dresdner - NY Incorporated No. 0217
Note: All inquiries should be directed to:
Mr. James C. Wickham
Dresdner - NY Incorporated
75 Wall Street
New York, NY 10005
Phone: (212) 429-2000

• 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, September 29, 1998:
Countrywide Investments, Inc./REvest Value Fund No. 5468
Networking Code: Z5
Contact: Pat Dagenbach
Phone: (513) 629-2975

• 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 September 25, 1998:

Koonce Securities, Inc. - #0712

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