A 5710 - November 7, 2003

A#	5710
P&S #:	5280

DATE:	November 7, 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 OTC Alpha Identifier only, as detailed below:

Effective First Trade Date, November 10, 2003:

From: J.P. Morgan Securities, Inc. No. 0060

OTC Alpha Identifier: JPHQ

To: J.P. Morgan Securities, Inc. No. 0060

OTC Alpha Identifier: JPMS

· The following firm will no longer participate in the Trade Comparison & Trade Recording service, as detailed below:

Last Trade Date, October 31, 2003:

Worldco LLC No. 8297

OTC Alpha Identifier WLDC

· The following firm will no longer participate in the OTC Comparison service, as detailed below:

Last Trade Date, November 3, 2003:

Worldco LLC/Euroamerican Financial Limited, LLC No. 0672

OTC Alpha Identifier EURF

· The following firm will begin participation in the Commission Settlement service, as detailed below:

First Trade Date, November 6, 2003:

Bisys Fund Services, LP/Eureka Funds No. 5730

· An additional number has been assigned to State Street Global Markets, LLC (#5641) for the purpose of utilizing the Fund/Serv service, as detailed below:

First Trade Date, November 4, 2003:

State Street Global Markets LLC/State Street Collective Fund No. 6511

· An additional number has been assigned to Quasar Distributors, LLC (#5869) for the purpose of utilizing the Fund/Serv, Networking & ACATS Fund/Serv services, as detailed below:

First Trade Date, November 4, 2003:

Quasar Distributors, LLC /Kit Cole Fund No. 5585

Networking Code: FO

Contact: Casey Sauer

Phone: (414) 287-3963

· The following firm will no longer participate in the Fund/Serv, Networking & Commission Settlement services, as detailed below:

Last Trade Date, November 4, 2003:

Ark Funds Distributors, LLC No. 5655

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

Last Trade Date, November 5, 2003:

Security Brokerage Inc. No. 0591

Security Brokerage Inc./United Financial Services No. 0679

· Kindly update the NSCC Directory dated July 11, 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, November 4, 2003:
Benchmark Securities Group, Inc.	WSPD	0030	BENZ
Purcell & Graham Incorporated	QRCC	0158	PGRM
Winchester Investment Securities, Inc.	QRCC	0158	WINZ

Delete Last Trade Date, November 7, 2003:
Peraza Capital Investments, LLC	WSPD	0030	PERZ

Add First Trade Date, November 4, 2003:
M.Amarico, Inc.	QRCC	0158	AMCO
	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add First Trade Date, November 10, 2003:
Aegis Investments, Inc.	SALI	0750	AEGS

Add First Trade Date, November 12, 2003:
Bancwest Investment Services, Inc.	BHCS	0632	BWCI

Clearing Broker Change, Effective First Trade Date, November 10, 2003:
From: Huberman Financial, Inc.	BNYC	0262	HRCO
To: Huberman Financial, Inc.	NFSC	0226	HRCO

Clearing Broker Change, Effective First Trade Date, November 12, 2003:
From: Cardinal Capital Management, Inc.	BNYC	0262	COIN
To: Cardinal Capital Management, Inc.	PFSI	0234	COIN

From: Gilbert, Doniger & Co., Inc.	PWJC	0221	GDCO
To: Gilbert, Doniger & Co., Inc.	NFSC	0226	GDCO

From: Interpacific Investors Services, Inc.	PWJC	0221	IPAC
To: Interpacific Investors Services, Inc.	NFSC	0226	IPAC

Clearing Broker Change, Effective First Trade Date, November 14, 2003:
From: Capital Institutional Services, Inc.	WSPD	0030	CIST
To: Capital Institutional Services, Inc.	MLCO	0161	CIST

Clearing Broker Change, Effective First Trade Date, November 17, 2003:
From: National Brokerage, Inc.	FCCP	0141	NLBI
To: National Brokerage, Inc.	BHCS	0632	NLBI

Correction to NSCC Important Notice Dated October 31, 2003, A: #5703, P&S: #5273.

Please be advised that Inter-Dealer Brokers LLC “GFIG” will continue to clear through

BNY CLEARING SVCS LLC / INTL SVCS DIVISION “BHFS” #0384 until November 14, 2003. On November 17, 2003 Inter-Dealer Brokers LLC “GFIG” will begin clearing through PERSHING LLC “PERS” #0443.

· Kindly update the NSCC Directory dated July 11, 2003 (for OTC Executed-By List) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Last Trade Date, November 6, 2003:
Livingston Capital Investors, LLC	WSPD	0030	LVNG

Delete Last Trade Date, November 7, 2003:
Icapital Markets, LLC	ICLR	0544	EYES
Worthington Securities, LLC	PFSI	0234	WRTH

Add First Trade Date, November 6, 2003:
Lehman Brothers, Inc.	LEHM	0074	LEHP

Add First Trade Date, November 10, 2003:
Pershing LLC/Baader Wertpapierhandelsbank AG	PERS	0443	BADR
Donnelly Penman & Partners	SALI	0750	DPFH

Executing Broker Name Change, Effective First Trade Date, November 7, 2003:
From: First Analysis Securities Corp.	JEFF	0019	FANA
To: First Analysis	JEFF	0019	FANA

Correction to NSCC Important Notice Dated October 17, 2003, A: #5696, P&S: #5266.

Please be advised that Churchill Financial LLC “CHCH” will continue to clear through

ABN AMRO INCORPORATED “ABNA” #0425.

· Kindly update the NSCC Directory dated July 11, 2003 (for Municipal Bond Comparison List) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Clearing Broker Change, Effective First Trade Date, November 12, 2003:
From: Surety Financial Services	PWJC	0221	MESI
To: Surety Financial Services	NFSC	0226	MESI

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

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ABN AMRO INCORPORATED “ABNA” #0425.

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