A#	5876
P&S #:	5446
DATE:	August 6, 2004
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, August 2, 2004:

Quasar Distributors, LLC/Schwartz Investment Trust                                                    No.  5830

Quasar Distributors, LLC/Profit Funds Investment Trust                                                No.  6593

Last Trade Date, August 3, 2004:

Stephens Inc.                                                                                                               No.  5670

Last Trade Date, August 4, 2004:

Spear, Leeds & Kellogg, L.P./Konsler Securities                                                          No.  3810

·        Additional numbers have been assigned to Ultimus Fund Distributors, LLC (#5837) for the purpose of utilizing the Fund/SERV, Networking and ACATS Fund/SERV services, as detailed below:

First Trade Date, August 3, 2004:

Ultimus Fund Distributors, LLC/Schwartz Investment Trust                                           No.  5830

Networking Code:                                                                                                               M4

Contact:  Doug Jones

Phone:     (513) 587-3408

Ultimus Fund Distributors, LLC/Profit Funds Investment Trust                                       No.  6593

Networking Code:                                                                                                               5J

Contact:  Doug Jones

Phone:     (513) 587-3408

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

First Trade Date, August 4, 2004:

Ogilvie Security Advisors Corp.                                                                                    No.  4189

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

First Trade Date, August 6, 2004:

Schon-Ex, LLC                                                                                                            No.  0178

·        The following firm will no longer participate in NYSE/AMEX Listed Comparison and the OTC Comparison services, as detailed below:

Last Trade Date, August 4, 2004:

Pershing, LLC/International Services Division                                                                No.  0384

Listed Alpha Identifier                                                                                                          BHF

OTC Alpha Identifier                                                                                                           BHFS

·        The following firm will change its name only, as detailed below:

Effective First Trade Date, August 4, 2004:

From:  Stephens Inc./Wells Fargo Funds                                                                       No.  5576

To:      Stephens Inc.                                                                                                    No.  5576

·                    Kindly update the NSCC Directory dated July 9, 2004 (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, August 6, 2004:
TCM Capital, Inc.	PERS	0443	TCMU
Clearing Broker Change, Effective First Trade Date, August 11, 2004:
From:  Pru Global Securities, LLC	WSPD	0030	PGSL
To:      Pru Global Securities, LLC	NFSC	0226	PGSL
Executing Broker Name & Symbol Change, Effective First Trade Date, August 9, 2004:
From:  First Avantus Securities, Inc.	FCCP	0141	FINV
To:      Riverstone Wealth Management, Inc.	FCCP	0141	RSWM

·                    Kindly update the NSCC Directory dated July 9, 2004 (for Municipal Bond Comparison) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Clearing Broker Change, Effective First Trade Date, August 11, 2004:
From:  Means Investment Co., Inc.	WSPD	0030	MEAN
To:      Means Investment Co., Inc.	NFSC	0226	MEAN
From:  Ohio Savings Securities, Inc.	FOMA	0188	OSSI
To:      Ohio Savings Securities, Inc.	NFSC	0226	OSSI

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