1. SURVEY FOR ISSUANCE OF LOST INSTRUMENT BONDS 2. SURVEY FOR LIMIT INCREASE OF SIGNATURE GUARANTEEE WAIVER

May 18, 1990 TO: OPERATIONS COMMITTEE NO. 9-90 RE: 1. SURVEY FOR ISSUANCE OF LOST INSTRUMENT BONDS 2. SURVEY FOR LIMIT INCREASE OF SIGNATURE GUARANTEEE WAIVER __________________________________________________________ At the Operations Committee meeting on May 9, 1990, the Committee discussed the creation of a lost instrument bond designed especially for the mutual fund industry; and an increase in the signature guarantee waiver rider under the fidelity bond. The Committee agreed to complete the attached two surveys to assist ICI Mutual in its review process. Please complete and return the surveys to the attention of: M. Joseph Harvey ICI Mutual Insurance Company c/o Investment Company Institute 1600 M Street, NW, Suite 600 Washington, DC 20036 Donald E. O'Connor Vice President - Operations Attachments