ATTENTION: MANAGING PARTNER/OFFICER, CASHIER, MANAGER, P & S DEPARTMENT, FUND/SERV PARTICIPANTS, INSURANCE PROCESSING SERVICE PARTICIPANTS, ACATS PARTICIPANTS, MUNICIPAL BOND COMPARISON PARTICIPANTS, CHIEF FINANCIAL OFFICER

On September 25, 2001, NSCC ceased to act for MJK Clearing, Inc., Member Nos. 0139 and 0223 ("MJK"). Please note the following details on how CNS and Security Balance Order transactions for Trade Date September 25, 2001, and Fund/SERV transactions due for settlement on September 26, 2001, will be processed:

1. CNS transactions with MJK for Trade Date September 25, 2001 (Settlement Date September 28, 2001) compared or recorded as of September 26, 2001, will be processed and guaranteed by NSCC.

2. Non-CNS transactions with MJK for Trade Date September 25 (Settlement Date September 28, 2001) reported to Members on September 26, 2001 as compared or recorded, which will result in the production of net Security Balance Orders on Thursday, September 27, 2001 (and/or CNS Receive and Deliver Orders on Friday, September 28, 2001) should be sold out or bought in by the Member named thereon without unnecessary delay in the best available market and all such close-outs must be accounted for to NSCC in accordance with Rule 18. Members will be contacted by NSCC regarding accounting procedures in respect of these transactions.

3. As of September 26, NSCC will not accept any trade input, including not only original trade data, but also supplemental input. Any such items subsequently entered will be deleted.

4. By notice dated September 25, NSCC advised that Fund/SERV transactions due for settlement on September 26, 2001 would be deleted and should be settled directly between the Fund Members and MJK. Please be advised that Fund/SERV transactions previously scheduled for settlement on September 26, 2001 will be processed in the Fund/SERV System, and all settlement obligations must be paid in accordance with NSCC’s Rules & Procedures. All same day settlement Fund/SERV transactions received on September 26, 2001 for settlement on September 26, 2001 and all Fund/SERV transactions due to settle on September 27, 2001 and thereafter will be deleted.

Questions regarding this notice should be directed to Kevin Brennan, Director, Enterprise Service Center at (212) 855-1608.

Karen L. Saperstein
Managing Director