A#	5712
P&S #:	5282
DATE:	November 7, 2003
TO:	ALL PARTICIPANTS
ATTENTION:	MANAGING PARTNER/OFFICER; OPERATIONS PARTNER/OFFICER; MANAGER P&S DEPARTMENT; MANAGER DATA PROCESSING DEPARTMENT
FROM:	Elena Staloff
SUBJECT:	NSCC TO INCLUDE AN ADDITIONAL DOMESTIC FIXED INCOME EXCHANGE TRADED FUND IN ITS DOMESTIC PORTFOLIO

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On November 7, 2003, National Securities Clearing Corporation (NSCC) will add an additional domestic fixed income index share baskets on its domestic Portfolio Composition File. This product will not be eligible for the NSCC create and redeem process. Creates and redeems will be done through the Index Receipt Agent, namely, Investors Bank and Trust. Fixed income portfolios will be disseminated in the existing domestic Portfolio Composition File as all domestic exchange traded funds are today. Clearing and trading information pertinent to the new fund follows:

	Trading Symbol	CUSIP	First Trading Date [1]
iShares Lehman Treasury Inflation Protected Securities Fund	TIP	464287176	November 21, 2003

Unique processing for Domestic Fixed Income Exchange Traded Funds follows:

·         The Symbol Field for the Basket Components on the Domestic Portfolio Composition is blank for Fixed Income Securities.

·         Creates and redeems are blocked from NSCC processing for fixed income exchange traded funds.

Useful Information:

Ø      iShares general information:    1-800-474-2737

Ø      To place creation/redemption orders, or to become an iShares Authorized Participant: 1-888-276-2328    

If you have any questions regarding NSCC’s procedures for distributing fixed income index share product portfolios, please email the undersigned at estaloff@dtcc.com or contact your Relationship Manager.

Elena Staloff
Director, Product Marketing and Development