A#	5718
P&S #:	5288
DATE:	November 14, 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

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·        The following firm will begin participation in the OTC Comparison Service, ACATS, RECAPS and Envelope Settlement services, as detailed below:

First Trade Date, November 17, 2003:

Nyfix Clearing Corporation                                                                                           No.  0294

OTC Alpha Identifier:                                                                                                          NFCC

Envelope Location: Y (New York)

·        An additional number has been assigned to Payden & Rygel Distributors (#5535) for the purpose of utilizing the Fund/Serv, Networking, Commission Settlement and ACATS Fund/Serv services, as detailed below:

First Trade Date, November 17, 2003:

Payden & Rygel Distributors/Metzler Payden Investment Group                                    No.  5556

Networking Code:                                                                                                               9S

Contact:  Valerie Michalski

Phone:    (414) 221-6191

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

First Trade Date, November 14, 2003:

Rydex Distributors, Inc.                                                                                                No.  4912

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

First Trade Date, November 14, 2003:

Chevy Chase Securities, Inc.                                                                                        No.  0290

·        The following firm will begin participation in the Municipal Bond Comparison service, as detailed below:

First Trade Date, November 17, 2003:

JP Morgan Securities, Inc.                                                                                            No.  0060

Muni Alpha Identifier:                                                                                                           JPMS

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

Last Trade Date, November 12, 2003:

BNY Clearing Services, LLC                                                                                       No.  0262

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

Last Trade Date, November 14, 2003:

Woodbury Financial Services, Inc.                                                                                No.  0510

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

Last Trade Date, November 13, 2003:

Securian Financial Services, Inc.                                                                                   No.  5884

Last Trade Date, November 18, 2003:

Quasar Distributors, LLC/The Technical Chart Fund                                                     No.  6671

·   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 12, 2003:
H.D. Vest Investment Securities, Inc.	NFSC	0226	HDVS
Delete Last Trade Date, November 14, 2003:
Intercal Securities Co.	WSPD	0030	IALS
Add First Trade Date, November 11, 2003:
Coyle Securities LLC		0235	COYL
Add First Trade Date, November 17, 2003:
MCL Financial Group, Inc.	LGNT	0052	MCLF
Terra Nava Trading LLC	ABNA	0425	TNIS
	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Add First Trade Date, November 21, 2003:
Mystockfund Securities, Inc.	LGNT	0052	MSFS
Executing Broker Symbol Change, Effective First Trade Date, November 17, 2003:
From:  Bancwest Investment Services, Inc.	BHCS	0632	BWCI
To:      Bancwest Investment Services, Inc.	BHCS	0632	BWIS

Correction to NSCC Important Notice Dated November 7, 2003, A: #5710, P&S: #5280.

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 28, 2003. On December 1, 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
Add First Trade Date, November 13, 2003:
Gordon, Haskett Capital Corporation	SILK	0501	GORN
Add First Trade Date, November 14, 2003:
Studness Research	BSSC	0352	STUD

·                    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
Add First Trade Date, November 17, 2003:
NHSB Financial Services, Inc.	NFSC	0226	NABC
Clearing Broker Change, Effective First Trade Date, November 12, 2003:
From:  Carroll & Koster, Inc.	PWJC	0221	CAKF
To:      Carroll & Koster, Inc.	NFSC	0226	CAKF

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