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

Effective Immediately:

MBU Inc. No. 6711

Effective Immediately:

Goepel Shields & Partners No. 8127
OTC Alpha Identifier GOEF

Effective Immediately:

Central Fidelity National Bank No. 6756

Last Trade Date, November 16, 1998:

SEI Investments Distribution Co./Santa Barbara Group of Funds No. 4877

Last Trade Date, November 17, 1998:

Piper Jaffray, Inc. No. 5643

Last Settlemtent Date, November 30, 1998:

Chase Manhattan Bank No. 0930

Inquiries To: Mr. Lawrence Zimmer A.V.P.
Chase Manhattan Bank
350 Park Avenue
New York, NY 10022
(212) 623-0487

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

First Trade Date, November 23, 1998:

Invesco Funds Group Inc./No Load Funds No. 5650

• An additional number has been assigned to Declaration Distributors, Inc. (#4902) for the purpose of using the Fund/Serv and Networking systems as detailed below:

First Trade Date, November 17, 1998:

Declaration Distributors Inc./Santa Barbara Fund No. 4877
Networking Code: QO
Contact: Martin Whelan
Phone: (610) 832-1075

• The following firms will retire from trade comparison only, as detailed below:

Last Trade Date, November 20, 1998:

Deutsche Bank Securities Inc. No. 0498
Listed Alpha Identifier DMG
OTC Alpha Identifier DMGL

Last Trade Date, December 9, 1998:

Gordan Capital Corporation No. 5009

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

From: MDS Securities, Incorporated No. 0295
To: Conseco Financial Services, Inc. No. 0295

• The following firm will change its name and OTC symbol as listed below:

From: Empire Financial Group, Inc. No. 0297
OTC Alpha Identifier EFGI

To: Advantage Correspondent Clearing No. 0297
OTC Alpha Identifier ACLR

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

Effective, November 19, 1998:

Maple Partners USA Inc. No. 0269
Envelope Receive location (Chicago - AENV-C@)

 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:

The following firms have remitted Executed Networking Agreements during the week of November 20, 1998:

Norwest Bank MN/Invesment Management & Trust - #2027

If you have any questions, please call William Reilly at (212) 412-8620 or Lisa Siebold at (212) 412-8591.

Janis Meola
Vice President, Membership