A#	5897
P&S #:	5467
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 NEW DOMESTIC VANGUARD VIPER INDEX SECURITIES

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

	Trading Symbol	CUSIP	First Trading Date [1]
VIPER Vanguard Energy Index Fund	VDE	92204A306	September 29, 2004
VIPER Vanguard Industrial Index Fund	VIS	92204A603	September 29, 2004
VIPER Vanguard Telecommunication Services Index Fund	VOX	92204A884	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.