1 See Institute Memorandum to Tax Committee No. 21-98 and Advisor/Distributor Task Force, dated
June 12, 1998.
[10107]
July 9, 1998
TO: TAX COMMITTEE No. 23-98
ADVISER/DISTRIBUTOR TASK FORCE
JUNE 30 MEETING ATTENDEES
RE: REVISED DRAFT SUBMISSION ON DISTRIBUTOR 12b-1 TAX ISSUE
______________________________________________________________________________
Several helpful comments have been received regarding the draft Institute submission
to the IRS National Office -- discussed at our June 30 meeting -- regarding the tax consequences
to a distributor of the sale of mutual fund "B" shares.1 Please forward any additional comments
-- by no later than Monday, July 13 -- to the undersigned via phone (202-326-5832), fax (202-326-
5841) or e-mail (lawson@ici.org).
To date, the comments received have resulted in only minor revisions to the draft. If
you would like to receive a black-lined version showing the changes made -- which will be
available for distribution early next week -- please contact Alice Bennett via phone (202-218-
3560), fax (202-326-5841) or e-mail (abennett@ici.org).
Keith D. Lawson
Senior Counsel