National Securities Clearing Corporation, the New York and American Stock Exchanges, the Nasdaq Stock Market and all New York Banks will be closed on Thursday, November 22, 2001 in observance of Thanksgiving Day. The following changes in NSCC’s operations and schedules will be in effect:

COMPARISON SYSTEMS:
Trade input for Listed and OTC equities for trade date Wednesday, November 21, 2001 will be accepted no later than 12:00 Midnight on Wednesday, November 21, 2001. Trade input for the Fixed Income Transaction System (FITS) for trade date Wednesday, November 21, 2001 will be accepted no later than 12:00 Midnight on November 21, 2001.

CNS CONTINUOUS NET SETTLEMENT:
Seg. Exemptions and Priority Requests for settlement Friday, November 23, 2001 will be accepted on Wednesday evening, November 21, 2001.

CENTRAL DELIVERY AND SETTLEMENT:
No Delivery or Settlement Operations will be provided on Thursday, November 22, 2001.

INTER-CITY DELIVERIES:
Inter-City Deliveries will be accepted on Wednesday evening, November 21, 2001 for settlement Friday, November 23, 2001.

STOCK BORROW PROGRAM:
Stock Borrow availability information will be accepted on Wednesday evening, November 21, 2001 for settlement November 23, 2001.

ACAT- AUTOMATED CUSTOMER ACCOUNT TRANSFER:
No ACAT activity will be accepted on Thursday, November 22, 2001.

ACAT-FUND/SERV
No ACAT-FUND/SERV Interface activity will be accepted on Thursday, November 22, 2001.

MUTUAL FUND COMMISSION SETTLEMENT:
No Mutual Fund Commission Settlement activity will be accepted on Thursday, November 22, 2001.

FUND/SERV AND NETWORKING:
No Fund/Serv or Networking activity will be accepted on Thursday, November 22, 2001.

INSURANCE PROCESSING:
No Insurance Processing will be provided on Thursday, November 22, 2001.

Questions regarding this notice should be directed to Participant Services at (212) 855-4155, or the undersigned at (212) 855-1608.

Kevin Brennan
Director, Enterprise Service Center