A#	5739
P&S #:	5309
DATE:	December 26, 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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·        The following firms will retire from all services, as detailed below:

Last Trade Date, December 26, 2003:

DBTC Americas/Fluor Corp 401K Employee Plan                                                       No.  5992

DBTC Americas/Fluor Corp 401K Employer Plan                                                        No.  5993

DBTC Americas/Fluor Corp Performance Plan                                                             No.  5994

Last Trade Date, December 31, 2003:

PFPC Distributors, Inc./American Skandia                                                                   No.  0683

Bridgeway Fund Inc.                                                                                                    No.  5485  

Delaware Charter Guarantee & Trust Co.                                                                     No.  5959

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

First Trade Date, December 26, 2003:

Girard Securities, Inc.                                                                                                   No.  0415

·        An additional number has been assigned to HSBC Bank USA (#2165) for the purpose of utilizing the Fund/Serv and Networking services, as detailed below:

First Trade Date, December 26, 2003:

HSBC Bank USA/IPB                                                                                                 No.  2122

Networking Code:                                                                                                               LO

Contact:  Robert F. Ward

Phone:     (716) 841-5485

·        An additional number has been assigned to Forum Fund Services, LLC (#5659) for the purpose of utilizing the Fund/Serv, Networking and Commission Settlement services, as detailed below:

First Trade Date, January 2, 2004:

Forum Fund Services, LLC                                                                                          No.  5485

Networking Code:                                                                                                               7J

Contact:  Earld Kilkenny

Phone:     (207) 822-6168

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

Last Trade Date, January 2, 2004:

ABN AMRO Sage Corporation (California)                                                                 No.  5118

·               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 29, 2003:
UOB Kay Hian (U.S.) Inc.	JEFF	0019	UOBK
Add First Trade Date, January 2, 2004:
Pru-Global Securities LLC	WSPD	0030	PGSL
Clearing Broker Change, Effective First Trade Date, January 7, 2004:
From:  Foster Securities	PWJC	0221	FOST
To:      Foster Securities	NFSC	0226	FOST
From: B.C. Ziegler and Co./Special Account	PWJC	0221	GSTS
To:     B.C. Ziegler and Co./Special Account	NFSC	0226	GSTS
From: The Winchester Group, Inc.	PWJC	0221	WINC
To:     The Winchester Group, Inc.	NFSC	0226	WINC

·                    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 29, 2003:
Rabo Securities USA, Inc.	PERS	0443	RABO

·                    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, December 24, 2003:
Creative Resources Broker Services LLC	NFSC	0226	NFCL

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