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

As the result of an acquisition between Van der Moolen Specialists USA, LLC (#0055) and Fagenson and Company Incorporated (#0104), the following changes will occur:

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

Effective following the close of business on September 6, 2001:
Fagenson and Company Incorporated No. 0104

• The following additional account of Fagenson & Company, Inc. (#0104) will become an additional number of Van der Moolen Specialists USA, LLC (#0055) and will change its name and Listed Alpha Identifier, as detailed below:

Effective following the close of business on September 6, 2001:
From: Fagenson & Company, Inc. – Retail No. 0251
Listed Alpha Identifier From: FFR
To: Van der Moolen Specialists USA LLC / Retail No. 0251
Listed Alpha Identifier To: VMR

Note: Please direct all inquiries regarding the above to:
Mr. Richard Kepner
Van Der Moolen Specialists, USA LLC
Phone: (212) 495-0538

• The following firm will no longer participate in the DTC Bank ACATS and ACATS Fund/Serv services only, as detailed below:

Last Trade Date, September 7, 2001:
Reliance Trust Company No. 2140

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

Last Trade Date, September 4, 2001:
SEI Investments Distribution Company/Pillar Funds (The) No. 5838

Last Trade Date, September 5, 2001:
Forum Fund Services LLC/Millennium Funds No. 4887
Muhlenkamp Fund (The) No. 4986

Last Trade Date, September 10, 2001:
SEI Investments Distribution Co./ First Amer Funds No. 5869

• An additional number has been assigned to Quasar Distributors, LLC (#5723) for the purpose of utilizing the Fund/Serv, Networking and ACATS Fund/Serv Services, as detailed below:

First Trade Date, September 6, 2001:
Quasar Distributors, LLC/Muhlenkamp Fund No. 4986
Networking Code: D6
Contact: James Schoenike
Phone: (414) 287-3994

• An additional number has been assigned to Quasar Distributors, LLC (#5723) for the purpose of utilizing the Fund/Serv, Networking, Commission Settlement and ACATS Fund/Serv Services, as detailed below:

First Trade Date, September 11, 2001:
Quasar Distributors, LLC/First American Funds No. 5869
Networking Code: SV
Contact: James Schoenike
Phone: (414) 287-3994

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

First Trade Date, September 5, 2001:
Direct Access Brokerage Services No. 7081

• The following firm will begin participation in the Networking Service, as detailed below:

First Trade Date, September 6, 2001:
Vanguard Marketing Corp. No. 5772
Networking Code: VG
Contact: Marissa Linder
Phone: (610) 669-2491

• The following firm will begin participation in the Municipal Bond Comparison System, as detailed below:

First Trade Date, September 6, 2001:
PreferredTrade Inc. No. 0608
Municipal Executing Symbol: PCAP

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

First Trade Date, September 7, 2001:
Hantz Financial Services, Inc. No. 0614
Networking Code: JR
Contact: Allen Klein
Phone: (248) 304-2855

• The following will begin participation in the DTC Bank in ACATS and ACATS Fund/Serv Services, as detailed below:

First Trade Date, September 10, 2001:
Reliance Trust Company No. 5962

• Kindly update the NSCC Directory dated July 6, 2001 (for OTC Executed-By List and the Municipal Bond Comparison System) as detailed below:

• Kindly update the NSCC Directory dated July 6, 2001 (for OTC Executed-By List) as detailed below:

• Kindly update the NSCC Directory dated July 6, 2001 (for the Municipal Bond Comparison System) as detailed below:

UMB Bank/UMB Scout Brokerage Services No. 8084

If you have any questions regarding this notice, please call Tara Cannon at (212) 855-1149 or Miriam Santiago at (212) 855-4947.

Pablo Cubi
Associate Director
Membership Administration