A#	5731
P&S #:	5301
DATE:	December 12, 2003
TO:	ALL PARTICIPANTS
ATTENTION:	MANAGER, PURCHASES AND SALES DEPARTMENT; CASHIER; FUND/SERV PARTICIPANTS; ACATS PARTICIPANTS; MUNICIPAL BOND COMPARISON PARTICIPANTS
FROM:	Pablo Cubi, Membership Administration
SUBJECT:	CHANGES IN THE LIST OF PARTICIPANTS

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REMINDER

·        The following firm will change its OTC Alpha Symbol only, as detailed below:

Effective First Trade Date, December 15, 2003:

From: Oppenheimer & Co. Inc.                                                                                    No.  0571

OTC Alpha Identifier:                                                                                                          FAHN

To: Oppenheimer & Co. Inc.                                                                                        No.  0571

OTC Alpha Identifier:                                                                                                          OPCO

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

First Trade Date, December 11, 2003:

Invesco Funds Group, Inc.                                                                                           No.  6592

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

First Trade Date, December 15, 2003:

Parnassus Investments                                                                                                  No.  5783

·        The following firms will change their name only, as detailed below:

Effective First Trade Date, December 12, 2003:

From: Daily Access Concepts, Inc.                                                                               No.  7100

To:     Daily Access Corporation                                                                                   No.  7100

Effective First Trade Date, December 15, 2003:

From: Provident Mutual Life & Annuity Company of America                                       No.  4577

To:     Nationwide Life & Annuity Company of America                                                No.  4577

From: Cincinnati Stock Exchange (The)                                                                        No.  0738

To:     National Stock Exchange                                                                                    No.  0738

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

Last Trade Date, December 12, 2003:

Nicholas-Applegate/Strategic Opportunities Ltd.                                                           No.  5704

·        The following member of The Canadian Depository for Securities Ltd. will change its name only, as detailed below:

Effective First Trade Date, December 11, 2003:

From: Griffiths McBurney & Partners                                                                            No.  5016

To:     GMP Securities Ltd.                                                                                           No.  5016

·               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
Add First Trade Date, December 15, 2003:
May, Davis Group Inc.	FSWC	0309	MDGI
Clearing Broker Change, Effective First Trade Date, December 11, 2003:
From: Marlins Capital, LLC	WSPD	0030	MRLN
To:     Marlins Capital, LLC	JEFF	0019	MRLN
Clearing Broker Change, Effective First Trade Date, December 15, 2003:
From: Attkisson, Carter & Company, Inc.	FCCP	0141	ATCA
To:     Attkisson, Carter & Company, Inc.		0235	ATCA
Clearing Broker Change, Effective First Trade Date, January 5, 2004:
From: Brokerage America, LLC	PFSI	0234	BAMM
To:     Brokerage America, LLC	BSSC	0352	BAMM
Clearing Broker Change, Effective First Trade Date, January 7, 2004:
From: Girard Securities, Inc.	PWJC	0221	GIRL
To:     Girard Securities, Inc.	NFSC	0226	GIRL
	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
From: Pacific Growth Equities, LLC	PWJC	0221	GROW
To:     Pacific Growth Equities, LLC	NFSC	0226	GROW
From: Torrey Pines Securities, Inc.	PWJC	0221	TORY
To:     Torrey Pines Securities, Inc.	NFSC	0226	TORY

·                    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, December 11, 2003:
Pinnacle Capital Markets, LLC	PFSI	0234	FRWY
Executing Broker Symbol Change, Effective First Trade Date, December 22, 2003:
From: Harris Nesbitt Gerard, Inc.	NBSI	0045	GKMC
To:     Harris Nesbitt Gerard, Inc.	NBSI	0045	HRNB
Clearing Broker Change, Effective First Trade Date, December 15, 2003:
From: Avalon Research Group, Inc.	BSSC	0352	AVLN
To:     Avalon Research Group, Inc.	SILK	0501	AVLN
Clearing Broker Change, Effective First Trade Date, December 19, 2003:
From:  NYFIX Transaction Services, Inc.	SILK	0501	NYFT
To:      NYFIX Transaction Services, Inc.	NFCC	0294	NYFT

·                    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
Delete Last Trade Date, December 12, 2003:
Avalon Research Group, Inc.	BSSC	0352	AVLN
Clearing Broker Change and Executing Broker Name Change, Effective First Trade Date, December 11, 2003:
From: Fairway Securities, Inc.	BSSC	0352	FRWY
To:     Pinnacle Capital Markets, LLC	PFSI	0234	FRWY

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