©2005 Investment Company Institute. All rights reserved. Information may be abridged and therefore incomplete.
Communications from the Institute do not constitute, and should not be considered a substitute for, legal advice.
[19250]
October 14, 2005
TO: BOARD OF GOVERNORS No. 51-05
CLOSED-END INVESTMENT COMPANY COMMITTEE No. 35-05
INDEPENDENT DIRECTORS COUNCIL No. 6-05
PRIMARY CONTACTS - MEMBER COMPLEX No. 44-05
SEC RULES COMMITTEE No. 55-05
RE: QUARTERLY REPORT TO BOARDS OF INSTITUTE MEMBER FUNDS
Beginning in October 2005, I will be reporting quarterly to the boards of Institute
member funds concerning recent Institute activities and accomplishments. The reports are
intended to keep fund directors/trustees more fully and currently informed about the work of
the ICI. Each report will be brief (1 to 2 pages, no more), and I do hope it might be included as
an information item in board meeting materials each calendar quarter.
The report for 3rd quarter 2005 is attached. Please do not hesitate to contact me if you
have any questions, at 202.326-5901 or paul.stevens@ici.org.
Paul Schott Stevens
President
Attachment (in .pdf format)