A 5037 - December 17, 1999

Important Notice

A 5037 - December 17, 1999
P&S 4599

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

Effective Immediately:

Atlantic Group Securities No. 5238
Citicorp Securities Services, Inc. No. 0563
Unified Management Corporation No. 4959

Last Trade Date December 14, 1999:

Titus Donnelly, LLC No. 6992

Last Trade Date, December 15, 1999:

CPI Qualified Plan Consultants, Inc. No. 7104

An additional number has been assigned to Funds Distributor Inc. (#5497) for the purpose of using the Fund/Serv and Networking systems as detailed below:

Effective Immediately:

Funds Distributor Inc./Saratoga Funds No. 4959
Networking Code: B2
Contact: Mary Nelson
Phone: (617) 557-3463

UPDATE
OTC EXECUTED-BY LIST
MUNICIPAL BOND COMPARISON DIRECTORY

Kindly update the NSCC Directory dated July 9, 1999 (for OTC Executed-By List and the Municipal Bond Comparison System) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add Immediately:
Embarcadero Securities LLC	BSSC	0352	EMBA
Prudential American Securities	WEDB	0103	PRUD
Redstone Consulting LLC	BSSC	0352	RDST

Executing Broker Name Change, Effective Immediately:
From: Securities Group Corporation (The)	BSSC	0352	SGCI
To: Luken Investment Corp.	BSSC	0352	SGCI

If you have any questions regarding this notice, please call Lisa Siebold at (212) 412-8591 or Maria Luna at (212) 412-8763.

Janis Meola
Vice President, Membership