A#	5915
P&S #:	5485
DATE:	October 15, 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 firm will begin participation in the Commission Settlement service, as detailed below:

First Trade Date, October 12, 2004:

Cantella & Co., Inc.                                                                                                             No.     0699

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

First Trade Date, October 14, 2004:

Branch Banking and Trust Company                                                                                    No.     5385

Networking Code:                                                                                                                          JG

Contact: Julie Carter

Phone:  (252) 246-2167                                                                                              

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

First Trade Date, October 15, 2004:

Marshall & Ilsley Trust Company, N.A.                                                                               No.     0994

Networking Code:                                                                                                                          HI

Contact: Margaret Ollinger

Phone:  (414) 287-8600

·        The following firm will begin participation in the Municipal Bond Comparison Service, as detailed below:

First Trade Date, October 19, 2004:

SMBC Securities, Inc.                                                                                                  No.  6700

Muni Alpha Identifier:                                                                                                           SUMI

·         An additional number has been assigned to Oppenheimer Funds Distributors, Inc. (#5511) for the purpose of utilizing the Fund/SERV, Networking, and Commission Settlement services, as detailed below:

First Trade Date, October 14, 2004:

Oppenheimer Funds Distributors, Inc./Tremont II                                                                No.      5499

Networking Code:                                                                                                                          II

Contact: Teresa Carey

Phone:  (303) 768-3287

·         The following firm will retire from all services, as detailed below:

Last Trade Date, October 12, 2004:

Douglas & Co. Municipals, Inc.                                                                                           No.     6903

Last Trade Date, October 15, 2004:

Calyon Financial                                                                                                                  No.     0634

Last Trade Date, October 19, 2004:

JPMorgan Chase Bank/CCSG                                                                                             No.     2123

·                    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
Delete Last Trade Date, October 13, 2004:
Lexit Capital, LLC	ABNA	0425	LEXT
Murphy (Barry W.) & Co., Inc.	NFSC	0226	MURC
Add First Trade Date, October 14, 2004:
Newbridge Securities Corporation	SALI	0750	NUBG
Add First Trade Date, November 12, 2004:
Cardinal Capital Management, Inc.	NACI	0297	COIN
Clearing Broker Change, Effective First Trade Date, October 20, 2004:
From:  American Municipal Securities, Inc.	WSPD	0030	AMMS
To:      American Municipal Securities, Inc.	FCCP	0141	AMMS
From:  International Assets Advisory, LLC	WSPD	0030	INTA
To:      International Assets Advisory, LLC	FCCP	0141	INTA
From:  Jesup & Lamont Securities Corp.	WSPD	0030	JSLC
To:      Jesup & Lamont Securities Corp.	FCCP	0141	JSLC
From:  McFadden, Farrell & Smith, LP	WSPD	0030	MFFS
To:      McFadden, Farrell & Smith, LP	FCCP	0141	MFFS
From:  R. Seelaus & Co., Inc.	WSPD	0030	SEEL
To:      R. Seelaus & Co., Inc.	FCCP	0141	SEEL
	Clearing Broker Identifiers		Executing Broker Identifiers
	Alpha	Numeric	Alpha	Numeric
From:  Source Capital Group, Inc.	WSPD	0030	SORE
To:      Source Capital Group, Inc.	FCCP	0141	SORE
Clearing Broker Change and Executing Broker Name Change, Effective First Trade Date, October 20, 2004:
From:  Pond Securities Corp.	WSPD	0030	POND
To:      Pond Equities	FCCP	0141	POND

·                    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, October 13, 2004:
United Capital Markets, Inc.	ABNA	0425	UCMI
Add First Trade Date, October 12, 2004:
Hudson Securities, Inc.	SILK	0501	HDSI
Add First Trade Date, October 13, 2004:
Ethos Securities Corp.	LABS	0215	ETOS
Add First Trade Date, October 18, 2004:
Multitrade Securities LLC	LYON	0651	MTRN
Add First Trade Date, October 25, 2004:
Nationwide Planning Associates Inc.	PFSI	0234	NPAI
Clearing Broker Change, Effective First Trade Date, October 27, 2004::
From: Sandler O’Neill & Partners, L.P.	BOFA	0773	SDLR
To:     Sandler O’Neill & Partners, L.P.	BSSC	0352	SDLR

·                    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
Add First Trade Date, October 13, 2004:
Douglas & Co. Municipals	PERS	0443	DGLS
Liberty Group, LLC	NFSC	0226	JACQ
Add First Trade Date, October 27, 2004:
Sandler O’Neill & Partners, L.P.	BSSC	0352	SDLR

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