NOVEMBER 25TH CONFERENCE CALL ON CURRENT REGULATORY AND LEGISLATIVE PROPOSALS AFFECTING DIRECTORS

[16781] November 19, 2003 TO: DIRECTOR SERVICES COMMITTEE No. 22-03 RE: NOVEMBER 25TH CONFERENCE CALL ON CURRENT REGULATORY AND LEGISLATIVE PROPOSALS AFFECTING DIRECTORS The Investment Company Institute will be holding a conference call for members of the Director Services Committee and the independent directors serving on the Institute’s Board of Governors on Tuesday, November 25, 2003, at 10:00 am (EST). We plan to discuss issues relating to fund boards of directors and governance presented by pending and anticipated mutual fund legislative and regulatory proposals. We will circulate an agenda and additional materials for the call prior to Tuesday. The call-in number and pass code for the call are as follows: Call-in Number: 888-395-3520 Pass Code: Directors’ Issues Marguerite C. Bateman Senior Associate Counsel