DECEMBER 6 MEETING TO INCLUDE DISCUSSION ON RECIPROCAL REGISTRATION OF INVESTMENT ADVISERS IN THE U.S. AND U.K.

November 22, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 48-89 BAILEY-WILSON SUBCOMMITTEE RE: DECEMBER 6 MEETING TO INCLUDE DISCUSSION ON RECIPROCAL REGISTRATION OF INVESTMENT ADVISERS IN THE U.S. AND U.K. __________________________________________________________ As we have previously informed you, there will be a meeting on December 6, 1989 to discuss two issues: wrap-fee arrangements and ERISA bonding. (See Institute Memorandum to Investment Advisers Committee No. 43-89 and Bailey-Wilson Subcommittee, dated November 1, 1989). Another meeting was scheduled for November 28, 1989 concerning the reciprocal registration of investment advisers in the U.S. and the U.K. (See Memorandum to Investment Advisers Committee No. 46-89 and SEC Rules Committee No. 69-89, dated November 9, 1989). Due to conflicting schedules, reciprocal registration now will be part of the agenda on December 6, 1989. Again, the December 6 meeting will begin at 1:30 p.m. at the Institute. Lunch will be served at noon. If you plan to attend, please contact Laura Thayer by December 1, 1989. Robert L. Bunnen, Jr. Assistant General Counsel