[13993]
September 28, 2001
TO: TAX COMMITTEE No. 24-01
RE: OCTOBER TAX COMMITTEE MEETINGS - REQUEST FOR SCHEDULING
PREFERENCES
The next Tax Committee meeting will be held on Thursday, October 25, 2001 in the
Institute’s David Silver Conference Room, on the 12th floor of our offices at 1401 H Street, NW,
Washington DC 20005. Committee members will have the option of attending the meeting in
person or participating by telephone.
As a number of Tax Committee members may decide to participate by conference call,
we need to determine your preferences for the scheduling of this meeting as well as the
subcommittee meeting previously scheduled for Wednesday, October 24. Specifically, we
would appreciate your input by Tuesday, October 2 to the following three questions. First,
should we continue to hold the subcommittee meeting presently scheduled for 2:00 p.m. EST on
Wednesday, October 24? Second, what time should we start the October 25 Tax Committee
meeting? Third, how many members currently plan to attend either or both of these meetings
in person or by phone?
Please answer these questions at your earliest convenience, and no later than Tuesday,
October 2, by completing the attached meeting preference response form and returning it to
Dollie Curry at dcurry@ici.org or 202/326-5841(fax).
A final announcement regarding these meetings, including any change(s) to the
previously-announced schedule, will be distributed to the Committee on Wednesday,
October 3.
Subcommittee Meeting on October 24
If we hold the subcommittee meeting on Wednesday, October 24, we plan to discuss (a)
the impact that current market conditions, e.g., potential capital losses, may have on fund
distributions (as well as any related excise tax considerations) and (b) possible Institute
comments regarding IRS Notice 2001-44, relating to the taxation of notional principal contracts
(“swaps”) with contingent nonperiodic payments.1 The meeting could begin at the regularly-
1 See Institute Memorandum to Tax Committee No. 21-01, dated July 26, 2001.
2
scheduled time of 2:00 p.m. EST or we could begin it at 3:00 p.m. EST. If we hold the
subcommittee meeting, we will follow our general practice and hold a Committee dinner that
evening.
Start Time for Tax Committee Meeting on October 25
We also are considering whether to begin the Tax Committee meeting on October 25 at
10:00 a.m. EST or at 11:00 a.m. EST. If the meeting starts at 10:00 a.m. EST, the West Coast
members participating by phone will need to be available at 7:00 a.m. PST. If the meeting starts
at 11:00 a.m. EST, the delay would provide for additional travel time (particularly for
individuals flying that day into Washington Dulles Airport or Baltimore-Washington
International (BWI) Airport) and a possibly more convenient start time (8:00 a.m. PST) for West
Coast phone participants. However, starting the meeting at a later time may inconvenience
members who have traveled to Washington DC earlier and will also include a break for lunch,
which may be disruptive for some conference call participants.
Deborah A. Pege
Chair, Tax Committee
Attachment
Attachment (in .pdf format)