A 4960 - June 4, 1999

A 4960 - June 4, 1999
P&S 4522

TO: ALL PARTICIPANTS

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

SUBJECT: CHANGES IN THE LIST OF PARTICIPANTS

An additional number has been assigned to Nicholas-Applegate Securities (#5897) for the purpose of using the Fund/Serv and Networking systems and the Commission Settlement service as detailed below:

First Trade Date, June 2, 1999:

Nicholas-Applegate Securities No. 6590
Networking Code: 5F
Contact: Stacie D=Angelo
Phone: (619) 687-2862

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

First Trade Date, June 1, 1999:

Community Bank, N.A. No. 5960
Networking Code: 4X
Contact: Debra Lekki
Phone: (315) 735-8322 (X243)

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

First Trade Date, June 1, 1999:

Terra Securities Corporation No. 0471
Networking Code: 2Q
Contact: Brian Savage
Phone: (630) 571-4016

The following firms will retire from the NSCC/DTC Fund/Serv interface as detailed below:

Effective Immediately:

Compass Bank No. 2483
Compass Bank/Trust Division No. 2484

The following firm will retire from the NSCC/DTC Fund/Serv and Networking interface, as detailed below:

Effective Immediately:

Stoever, Glass & Co., Inc. No. 6759

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

Effective, Last Trade Date, June 2, 1999:

Nikko Securities Co. International Inc. (The) No. 0294
Listed Alpha Identifier NIK
OTC Alpha Identifier NIKO
Note: All inquiries should be directed to:
David Seepersad
(212) 416-5400

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

Last Trade Date, June 3, 1999:

Best (A.F.) Securities, Inc. No. 6813
Municipal Symbol: AFBE

An additional clearing number has been assigned to the Canadian Depository for Securities Limited for the purpose of effecting the clearance and settlement of transactions on behalf of its member, Taurus Capital Markets, Inc. as detailed below:

First Trade Date, June 4, 1999:

Taurus Capital Markets, Inc. No. 8295
OTC Alpha Identifier: TAUF

*Note: See page 3 for additional information.

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

Effective Immediately:

Griffin Financial Services No. 0470

UPDATE
OTC EXECUTED-BY LIST
MUNICIPAL BOND COMPARISON DIRECTORY

Kindly update the OTC Executed-By List and the Municipal Bond Comparison Directory dated January 8, 1999 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add, Immediately:
Beacon Trading L.L.C.	CCLS	0265	BEAC
Institutional Edge, L.L.C.	BSSC	0352	IEIE
Banc One Securities Corporation	PERS	0443	BANC

Kindly update the OTC Executed By List dated January 8, 1999 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete, Immediately:
DJF Discount Brokers, Inc.	NFSC	0226	ECHI
Gateway Investment Services	NFSC	0226	GATE
Trinity Equity Trading, Inc.	QRCC	0158	TINY

Add, Immediately:
Spear Leeds & Kellogg/Valhalla Partners LLC	SILK	0501	SLVH
Wexford Clearing Services Corp.	PRUS	0030	WEXS

Clearing Broker Change, First Trade Date June 4, 1999:
From: Taurus Capital Markets, Inc.	FCDF	8076	TAUF
To: Taurus Capital Markets, Inc.	TAUF	8295	TAUF	8295

From: World Securities, Inc.	BSSC	0352	WLDS
To: World Securities, Inc.	ERNS	0233	WLDS

Please Note: USGM Securities, Inc.=s Executing Broker Identifier should be USGM and not WSGM as previously reported.

Kindly update the Municipal Bond Comparison Directory dated January 8, 1999 as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add, Immediately:
Colonial Securities Inc.	QRCC	0158	COLS
Mechanics Investment Securities Inc.	QRCC	0158	MISH

Add, First Trader Date, June 4, 1999:
World Securities, Inc.	ERNS	0233	WLDS

The following firms have submitted executed Networking Agreements during the week of June 4, 1999:

SG Cowen Securities Corporation - #0286
Mercantile Bank of St. Louis - #2158

If you have any questions regarding this notice, please call Lisa Siebold at (212) 412-8591.

Janis Meola
Vice President, Membership