NEW INFORMATION AVAILABLE ON ICI MEMBER WEB SITE -- SUMMARY OF RECENT SEC RULES CONCERNING FUND WEB SITES

[18073] October 12, 2004 TO: CHIEF COMPLIANCE OFFICER COMMITTEE No. 14-04 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 39-04 COMPLIANCE ADVISORY COMMITTEE No. 98-04 PRIMARY CONTACTS - MEMBER COMPLEX No. 93-04 SEC RULES COMMITTEE No. 80-04 SMALL FUNDS COMMITTEE No. 47-04 RE: NEW INFORMATION AVAILABLE ON ICI MEMBER WEB SITE -- SUMMARY OF RECENT SEC RULES CONCERNING FUND WEB SITES The Institute is pleased to announce the creation of a new page on the ICI member Web site that briefly describes provisions in recent SEC rules relating to fund Web sites. This new page is intended to assist members by summarizing in a central location new SEC requirements affecting fund Web sites. As a convenience, it provides hyperlinks to the relevant SEC adopting releases. Institute members can access this new page at http://members.ici.org/secwebrules.do. We plan to update the information periodically. Frances M. Stadler Deputy Senior Counsel