July 24, 1989
TO: MEMBERS - ONE PER COMPLEX NO. 23-89
RE: Annual Membership Verification and
Mailing List Update
__________________________________________________________
Each year we ask the senior contact at each Institute
member group to verify certain key information with respect to
the entities and persons included in the Institute's membership
records. Enclosed is a computer printout of the information
contained in our membership database on your fund complex. We
ask that you carefully review the information listed on the
report, make changes, additions or deletions, if necessary, and
return to our Membership Department by August 31, 1989.
This verification report serves to update information about
your group in Institute directories and offers members the
opportunity to review their membership on Institute committees
and the lists of recipients of Institute mailings within their
group. To assist you in completing the report, we have enclosed
an outline (green sheet) that describes, in detail, the
requirements for each section of the report.
One of the purposes of the annual verification is to allow
us to publish an updated version of the Guide to Mutual Funds, a
comprehensive list of open-end mutual funds that is made
available to the public. Our plan is to have the updated Guide
ready for distribution in early 1990. The 1990 Guide will
contain the following information with respect to each fund:
1) Name, address and telephone number (including any
toll-free numbers);
2) Year began;
3) Investment adviser;
4) Sept. 30, 1989 assets;
5) Minimum initial and subsequent investment amounts;
6) Fees (based on notations that appear in newspapers:
i = initial sales charge, r = redemption fee or
contingent deferred sales charge (CDSC), t = 12b1 fee
(Over)
-2-
and either CDSC or redemption fee, p = 12b1 fee,
n = none of the preceding fees; if any fee information
is not available, N/A will appear);
7) Where to buy shares (fund, local rep, insurance product,
or not offering shares).
In order for us to meet our publishing deadline, it is
important for you to return the completed verification report by
August 31. THE GUIDE WILL BE PUBLISHED ON THE BASIS OF THE
INFORMATION IN THE ENCLOSED COMPUTER PRINTOUT IF WE DO NOT
RECEIVE CORRECTIONS AND/OR ADDITIONS PRIOR TO THE PUBLICATION
DATE. If you do not wish to have information published on any
particular fund, please mark the space provided at the bottom of
the page for each fund.
We have distributed over 150,000 copies of the Guide during
the past two years. It has become a highly recommended source of
information for the investing public. It is important that the
information it contains be accurate.
As in the past, we are including definitions of the terms
used in the printout for investment objectives and method of
sales (see Enclosure A). Also, if you have a specialized
category for your funds (i.e. index, socially conscious, sector
or regional fund, etc.), please be sure to identify them as such
(see Enclosure B).
If you have any questions, contact Ginny Echeverria,
Director of Membership Services at (202) 955-3558. Please
include a current prospectus on each of your funds when sending
us your completed verification report.
C. Richard Pogue
Senior Vice President -
Management
Enclosures