A 5916 - October 21, 2004

A#	5916
P&S #:	5486
DATE:	October 21, 2004
TO:	ALL PARTICIPANTS
ATTENTION:	MANAGER P&S DEPARTMENT,CASHERING, MUTUAL FUNDS, ACATS, EXECUTIVE AND INSURANCE DEPARTAMENTS
FROM:	DISTRIBUTION SERVICES
SUBJECT:	MUTUAL FUNDS - MUTUAL FUND PROFILE SYSTEM DISTRIBUTION PROFILE - YEAR-END TAX REPORTING SPREADSHEET - 2004

On Saturday, November 20, 2004, Year-End Tax Reporting Spreadsheet of the National Securities Clearing Corporation’s (NSCC) Mutual Fund Profile II System (MFPSII) Distribution Profile – will be modified to reflect changes made to the Investment Company Institute’s (ICI) 2004 Primary Layout, Year-End Tax Reporting Information. (See PDF Attachment)

The new 2004 Year-End Tax Reporting Spreadsheet record layouts as well as the User Guide and Technical Manual for the service may be found on NSCC's website, http://funds.dtcc.com. Participants are encouraged to allow adequate testing time.

Please note the following:

Fund members can input spreadsheets for mutual fund security issues using the PC Web Direct facility.

Funds must participate in the Mutual Fund Profile II Service and have a valid digital certificate for the service.

All column headings and totals must be deleted prior to saving the information to the file.

Spreadsheets must be saved as comma-delimitated files (CSV files) prior to being sent.

Firms can receive year-end records via the mainframe in machine-readable output (MRO).

Firms must be members of the Mutual Fund Profile II Service and be set-up to receive the MFPSII - Global Distribution output file (AutoRoute Number 02980826 for PSE and 02110826 for Production).

Testing of the new 2004 Year-End Spreadsheet will be accommodated in the Participant Services Environment (PSE) region on the mainframe and on PC Web Direct, beginning Monday, October 25, 2004.

Participants wishing to test must contact the Enterprise Service Center (ESC) by calling the NSCC Production Support Hotline at 212-855-1144, option 5, option 2. To ensure proper set up for the PSE region, it is requested that at least three days prior notice be provided to ESC.

Any questions regarding this notice should be addressed to the undersigned on 212-855-5674 or Mutual Fund Marketing on 212-855-8877.

Randy W. Solomon
Director
Distribution Services