A#	5879
P&S #:	5449
DATE:	August 13, 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 9, 2004:

DBTC Americas – Clearance                                                                                       No.  0925

DBTC Americas – Clearance #1                                                                                  No.  0926

Unified Financial Securities, Inc./UFSI Julius Baer Investment Fund                               No.  6675

Last Trade Date, August 13, 2004:

SEI Investments Distribution Company/Pitcairn Funds                                                   No.  6668

Last Trade Date, August 18, 2004:

PFPC Distributors, Inc./TPA                                                                                        No.  7118

·        An additional number has been assigned to Quasar Distributors, LLC (#5869) for the purpose of utilizing the Fund/SERV, Networking and ACATS Fund/SERV services, as detailed below:

First Trade Date, August 10, 2004:

Quasar Distributors, LLC/Julius Baer Fund                                                                   No.  6675

Networking Code:                                                                                                               9Z

Contact:  Cassandra Sauer

Phone:    (414) 287-3963

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

First Trade Date, August 12, 2004:

Ameritas Variable Life Insurance Company                                                                   No.  4539

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

Effective First Trade Date, August 13, 2004:

From:  Citco-Quaker Fund Distributors, Inc.                                                                 No.  4885

To:       Citco Mutual Fund Distributors, Inc.                                                                 No.  4885

From:  Citco-Quaker Fund Distributors, Inc./CRA Fund                                               No.  5748

To:       Citco Mutual Fund Distributors, Inc./CRA Fund                                                No.  5748  

From:  Citco-Quaker Fund Distributors, Inc./Emerald Funds                                         No.  5858

To:       Citco Mutual Fund Distributors, Inc./Emerald Funds                                          No.  5858

From:  Citco-Quaker Fund Distributors, Inc./The Timothy Fund                                    No.  6518

To:      Citco Mutual Fund Distributors, Inc./The Timothy Fund                                     No.  6518

From:  Citco-Quaker Fund Distributors, Inc./Henssler Equity Fund                               No.  6550

To:       Citco Mutual Fund Distributors, Inc./Henssler Equity Fund                                No.  6550

From:  Citco-Quaker Fund Distributors, Inc./Penn Street Funds                                    No.  6568

To:       Citco Mutual Fund Distributors, Inc./Penn Street Funds                                     No.  6568

From:  Citco-Quaker Fund Distributors, Inc./IPS Funds                                                No.  6589

To:       Citco Mutual Fund Distributors, Inc./IPS Funds                                                No.  6589

From:  Citco-Quaker Fund Distributors, Inc./Memorial Funds                                       No.  6697

To:       Citco Mutual Fund Distributors, Inc./Memorial Funds                                        No.  6697                          

·                    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 10, 2004:
Weiss Investment Management Services, LLC	JEFF	0019	WIMS
Add First Trade Date, August 11, 2004:
Coast Asset Securities LLC	NEUB	0155	CASL
Add First Trade Date, August 12, 2004:
Fulcrum Global Partners LLC	NFSC	0226	FLCM
Clearing Broker Change, Effective First Trade Date, August 13, 2004:
From:  Silver Leaf Partners, LLC	ABNA	0425	LEAF
To:      Silver Leaf Partners, LLC	MLCO	0161	LEAF

·                    Kindly update the NSCC Directory dated July 9, 2004 (for OTC Executed-By List) as detailed below:

	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
Delete Last Trade Date, August 10, 2004:
Banc One Capital Markets, Inc.	BSSC	0352	BOCM
Delete Last Trade Date, August 13, 2004:
Means Investment Co., Inc.	WSPD	0030	MEAN
Add First Trade Date, August 10, 2004:
Merrill Lynch, Pierce, Fenner & Smith, Inc.	MLCO	0161	BCEX
Add First Trade Date, August 11, 2004:
Pax Clearing Corporation	PXCO	0671	PXCE
Add First Trade Date, August 16, 2004:
Linkbrokers Derivatives Corporation	SWST	0279	LBDC
Sonic Technologies LLC	SWST	0279	SSPP

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