A 5647 - July 3, 2003

A#: P&S#:	5647 5217
DATE:			July 3, 2003
TO:		ALL PARTICIPANTS
ATTENTION:			MANAGER, PURCHASES AND SALES DEPARTMENT, CASHIER, FUND/SERV PARTICIPANTS, ACATS PARTICIPANTS, MUNICIPAL BOND COMPARISON PARTICIPANTS
FROM:					Pablo Cubi, Associate Director, Membership Administration
SUBJECT:				CHANGES IN THE LIST OF PARTICIPANTS

REMINDER

The following firm will change its New York Stock Exchange and American Stock Exchange Listed Alpha Identifier, as detailed below:

Effective, First Trade Date, July 7, 2003:

From: BNY Brokerage Inc. No. 0100
Listed Alpha Identifier: ESI

To: BNY Brokerage Inc. No. 0100
Listed Alpha Identifier: BNY

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

Last Trade Date, June 30, 2003:

First Fund Distributors, Inc./FFTW Funds                                                                    No. 4926
First Fund Distributors, Inc./Harding Loevner Funds                                                     No. 4981
First Fund Distributors, Inc.                                                                                          No. 5693
Funds Distributors, Inc./Montgomery Funds (The)                                                        No. 5705
Bisys Fund Services, LP/Oak Value Funds                                                                   No. 5786

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

First Trade Date, July 7, 2003:

Greenspring Fund, Incorporated                                                                                   No. 6513
Networking Code:                                                                                                               4V
Contact: Bill White
Phone:    (410) 832-5500

Additional numbers have been assigned to Quasar Distributors, LLC (#5869) for the purpose of utilizing the Fund/Serv, Networking and ACATS Fund/Serv services, as detailed below:

First Trade Date, July 1, 2003:

Quasar Distributors, LLC/Harding Loevner Funds, Inc.                                                 No. 4981
Networking Code:                                                                                                               D2
Contact: James Schoenike
Phone:    (414) 287-3994

Quasar Distributors, LLC/FFTW Funds                                                                       No. 4926
Networking Code:                                                                                                               1Z
Contact: James Schoenike
Phone:    (414) 287-3994

Quasar Distributors, LLC/Brandes Investment Trust                                                      No. 5693
Networking Code:                                                                                                               8B
Contact: James Schoenike
Phone:    (414) 287-3994

Quasar Distributors, LLC/Oak Value Trust                                                                   No. 5786
Networking Code:                                                                                                               0G
Contact: James Schoenike
Phone:    (414) 287-3994

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

First Trade Date, July 2, 2003:
Alliance Fund Distributors, Inc./International Division No. 5809

Kindly update the NSCC Directory dated January 13, 2003 (for OTC Executed-By-List and Municipal Bond Comparison System) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Last Trade Date, July 3, 2003:
Commerz Futures Corp.	MSRO	0727	CMRZ

Add First Trade Date, July 9, 2003:
Arrowhead Financial Group, Inc.	PERS	0443	AICI

Clearing Broker Change, Effective First Trade Date, July 9, 2003:
From: Avian Securities, Inc.	BNYC	0262	AVIA
To: Avian Securities, Inc.	PERS	0443	AVIA

From: Mark Boyar & Co., Inc.	BNYC	0262	BOYR
To: Mark Boyar & Co., Inc.	PERS	0443	BOYR

From: Baird Patrick & Co., Inc.	BNYC	0262	BPAT
To: Baird Patrick & Co., Inc.	PERS	0443	BPAT

From: Buell Securities Corp.	BNYC	0262	BUEL
To: Buell Securities Corp.	PERS	0443	BUEL

From: CMI Capital Market Investment LLC	BNYC	0262	CMIC
To: CMI Capital Market Investment LLC	PERS	0443	CMIC

From: Crocker Securities LLC	BNYC	0262	CRCK
To: Crocker Securities LLC	PERS	0443	CRCK

From: Dominick & Dominick LLC/CDS	BNYC	0262	DOMK
To: Dominick & Dominick LLC/CDS	PERS	0443	DOMK

From: EHS Securities, LLC	BNYC	0262	EHSS
To: EHS Securities, LLC	PERS	0443	EHSS

From: First Washington Corporation	BNYC	0262	FWCO
To: First Washington Corporation	PERS	0443	FWCO

From: Kirlin Securities, Inc.	BNYC	0262	KILN
To: Kirlin Securities, Inc.	PERS	0443	KILN

From: Leeb Brokerage Services, Inc.	BNYC	0262	LEEB
To: Leeb Brokerage Services, Inc.	PERS	0443	LEEB

From: PHD Capital	BNYC	0262	PHDC
To: PHD Capital	PERS	0443	PHDC

From: Win Capital Corporation	BNYC	0262	WINK
To: Win Capital Corporation	PERS	0443	WINK

Clearing Broker Change and Executing Broker Name Change, Effective First Trade Date, July 9, 2003:
From: Chapin, Davis & Co., Inc.	BNYC	0262	CHDA
To: Patapsco Securities, Inc.	PERS	0443	CHDA

Executing Broker Name Change, Effective First Trade Date, July 7, 2003:
From: GRO Corporation	PFSI	0234	PAGE
To: Rush Trade Securities, Inc.	PFSI	0234	PAGE

From: Princeton Daytrading, LLC	PFSI	0234	PRNC
To: Griffin, Mills & Long, LLC	PFSI	0234	PRNC

Kindly update the NSCC Directory dated January 13, 2003 (for OTC Executed-By List) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Last Trade Date, July 1, 2003:
James Wheeler & Co. Investments, Inc.	QRCC	0158	JWII

Delete Last Trade Date, July 8, 2003:
Seacoast Investor Services, Inc.	BNYC	0262	SCST

Add First Trade Date, July 1, 2003:
Mizuho Securities USA Inc.	PERS	0443	MZHO

Add First Trade Date, July 2, 2003:
Birchwood Securities Corp.	PERS	0443	BWEX
Wachovia Securities, LLC	FCCP	0141	WRET

Add First Trade Date, July 7, 2003:
Credit Suisse First Boston LLC	FBCO	0355	AESX
Vertical Group Inc.	SHON	0064	VERT

Clearing Broker Change, Effective First Trade Date, July 9, 2003:
From: Glazer (C.L.) & Company	BNYC	0262	CLGL
To: Glazer (C.L.) & Company	PERS	0443	CLGL

From: Libra Securities LLC	BNYC	0262	LIBR
To: Libra Securities LLC	PERS	0443	LIBR

From: Percival Financial Partners, Inc.	BNYC	0262	PERC
To: Percival Financial Partners, Inc.	PERS	0443	PERC

From: Sea Port Group Securities LLC	BNYC	0262	SPGS
To: Sea Port Group Securities LLC	PERS	0443	SPGS

From: Safra Securities Corp.	BNYC	0262	SSCO
To: Safra Securities Corp.	PERS	0443	SSCO

From: Bluefin Research Partners, Inc.	BNYC	0262	TUNA
To: Bluefin Research Partners, Inc.	PERS	0443	TUNA

Executing Broker Name Change, Effective First Trade Date, July 7, 2003:
From: NDBCM, LLC	DBAB	0573	NDBC
To: Deutsche LXE, LLC	DBAB	0573	NDBC

Kindly update the NSCC Directory dated January 13, 2003 (for Municipal Bond Comparison List) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Last Date, July 8, 2003:
Bluefin Research Partners, Inc.	BNYC	0262	TUNA

Add First Trade Date, July 3, 2003:
Municipal Partners	PERS	0443	MUNP

If you have any questions regarding this notice, please contact Frank DeRiso at (212) 855-4941 or Miriam Santiago at (212) 855-4947.

REMINDER

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