In an ongoing effort to stream line its operations Banque Nationale de Paris has realigned its traditional Securities Services from its subsidiary to its branch in New York. Therefore,

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

Last Settlement Date, October 30, 1998:

French American Banking Corporation No. 0948

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

Last Settlement Date, November 2, 1998:

Banque Nationale de Paris, New York Branch No. 0948
Envelope Settlement Location: Y (New York)

Any questions regarding this change should be directed to the Banking and Financial Services Department, 200 Liberty Street, New York, NY 10281, (212) 978-1635.

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

Effective Immediately:

First National Bank of Commerce (New Orleans) No. 6874
Last Trade Date, October 28, 1998:
SEI Investments Distribution Company/Marquis Funds No. 5651

Last Trade Date, November 4, 1998:

Key Capital Markets, Inc. No. 6790
Municipal Bond Symbol: KCMI

• The following member of the Depository Trust Company will retire from the NSCC/DTC Fund/Serv Interface as detailed below:

Effective Immediately:

NationsBank N.A./Barnett No. 2334

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

Effective Immediately:

Funds Distributor, Inc./Skyline Funds No. 5883

• The following Pacific Stock Exchange Specialist will change its name as detailed below:

First Trade Date, October 28, 1998:

From: P17 - Everen Clearing Corporation - Specialist No. 5306
To: P17 - Hopkins, Harbach & Co. - Specialist No. 5306

• The following Pacific Stock Exchange Specialists will retire from all services as detailed below:

Last Trade Date, October 27, 1998:

P07 - Everen Clearing Corporation - Specialist No. 5305
P42 - Everen Clearing Corporation - Specialist No. 5380

• The following firms will change their names as detailed below:

From: Summit Discount Brokerage Co. No. 0219
To: Summit Financial Services Group, Inc. No. 0219

From: Everen Clearing, L.L.C. No. 0262
To: BNY Clearing Services, L.L.C. No. 0262

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

First Trade Date, November 2, 1998:

Norwest EB Fundserv Recordkeeping Account No. 2195
Networking Code: 1M
Contact: Patricia Hamel
Phone: (612) 667-0503

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

Effective Immediately:

NASL Financial Services, Inc. No. 5553

• The following firm will begin participation in the Fund/SERV, Networking, and Commission Settlement systems as detailed below:

First Trade Date, November 2, 1998:

CypressTree Funds Distributors, Inc. No. 5553
Networking Code: NA
Contact: John Fitzgerald
Phone: (617) 210-4515

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

First Trade Date, November 4, 1998:

DB Clearing Services No. 0245
Networking Code: 1B
Contact: Tony DePinto
Phone: (212) 469-2320

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

Last Trade Date, November 6, 1998:

Brigde Trading Company No. 0293

• An additional number has been assigned to BT Alex Brown Incorporated (No. 0573) for the purpose of executing trades on the NYSE and AMEX as detailed below:

First Trade Date, November 9, 1998:

Bridge Trading Company No. 0293
Listed Alpha Identifier: BGT

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

Effective Immediately:

Fleet Clearing Corporation No. 0108
Inquiries to:
Mr. Joseph M. Porcello
SVP Director of Operations
Fleet Clearing Corporation
67 Wall Street
New York, NY 10005
(212) 806-2888

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

From: Bisys Fund Services LP/Fountain Square Funds No. 5875
To: Bisys Fund Services LP/Fifth Third Funds No. 5875

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

First Trade Date, November 4, 1998:

Funds Distributor, Inc/JPM Offshore Funds No. 5475
Contact: Mary Nelson
Phone: (617) 557-3344

• 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:

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