DRAFT INSTITUTE LETTER REQUESTING GUIDANCE PROJECTS FOR TREASURY/IRS BUSINESS PLAN

[16050] May 12, 2003 TO: TAX COMMITTEE No. 28-03 PENSION COMMITTEE No. 12-03 529 PLAN ADVISORY COMMITTEE No. 27-03 RE: DRAFT INSTITUTE LETTER REQUESTING GUIDANCE PROJECTS FOR TREASURY/IRS BUSINESS PLAN Attached for your review is a draft Institute letter, to be submitted on Thursday, May 15, to the Treasury Department and the Internal Revenue Service, requesting the inclusion of several guidance projects on the 2003-2004 IRS/Treasury Guidance Priority List (also know as the “business plan”). The requested guidance projects are divided into three categories: (1) issues for regulated investment companies (“RICs”) and their shareholders; (2) education savings issues; and (3) retirement security issues. Please provide any comments you have on this letter to the Institute staff by Wednesday, May 14. In addition to contacting the undersigned at 202/325-5832 or lawson@ici.org, you may provide comments to Cathy Barré at 202/326-5821 or cbarre@ici.org (on the issues for RICs and their shareholders), to Kathy Ireland at 202/371-5432 or kireland@ici.org (retirement security issues), to Tom Kim at 202/326-5837 or tkim@ici.org (retirement security issues), or to Lisa Robinson at 202/326-5835 or lrobinson@ici.org (education savings issues or retirement security issues). Keith Lawson Senior Counsel Attachment (in .pdf format)