A#	5896
P&S #:	5466
DATE:	September 15, 2004
TO:	ALL PARTICIPANTS
ATTENTION:	MANAGING PARTNER/OFFICER; OPERATIONS PARTNER/OFFICER; MANAGER P&S DEPARTMENT; MANAGER DATA PROCESSING DEPARTMENT
FROM:	Elena Staloff
SUBJECT:	NSCC BEGINS PROCESSING A NEW DOMESTIC VANGUARD VIPER INDEX SECURITY

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National Securities Clearing Corporation will include an additional domestic index security in its domestic index security file on Thursday, September 16, 2004.  The Index Receipt Agent for the new index security is JP Morgan Chase.   Clearing and trading information pertinent to the new funds follow:

	Trading Symbol	CUSIP	First Trading Date [1]
VIPER Vanguard REIT Index Fund	VNQ	922908553	September 29, 2004

The existing creation and redemption procedures, reporting structures, files, and reports that were used for the previous domestic index products will also be used for the new fund.

NOTE:  In preparation for creation and redemption activity, NSCC is scheduled to add the new portfolios to its Domestic Portfolio Composition File (PCF) on or about Thursday, September 16, 2004. This file also contains all other domestic index security portfolios.

Useful Information:

Ø      VIPER general information, to place creation/redemption orders, or to become an VIPER Authorized Participant: 1-866-499-8473, Option 3.

Ø      Index security general information URL: www.amex.com or call:          1-800-THEAMEX.