SUBJECT: Conversion of PCAccess Participants to PCWebDirect

As part of the rollout of PCWeb Direct, NSCC has begun the process of converting all PC Access participants over to the PCWeb Direct product.

Incorporated into PCWeb Direct is a file upload feature that provides the same functionality as PC Access provides. Firms currently on-line with PCWeb Direct can make use of this feature immediately.

Those firms who are not set-up or not in the process of being set-up will be contacted in up coming weeks regarding training and access to PCWeb Direct.

The conversion of all PC Access participants to PCWeb Direct is targeted for completion by the middle of February, 1999.

PCWeb Direct will be the supported communications vehicle for the SIA coordinated Industry Wide test.

Questions regarding the converting from PC Access to PCWeb Direct should be directed to the undersigned at (212) 412-8456. For general information concerning PCWeb Direct, please contact NSCC's Participant Services at (212) 412-8432 or your Marketing Account Manager.