PROCEDURE TO REINSTATE PREVIOUSLY WITHDRAW/TERMINATED UNIT TRUSTS AND RECEIVE REFUND OF RENEWAL FEE IN VIRGINIA

June 21, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 39-90 RE: PROCEDURE TO REINSTATE PREVIOUSLY WITHDRAWN/TERMINATED UNIT TRUSTS AND RECEIVE REFUND OF RENEWAL FEE IN VIRGINIA __________________________________________________________ As we previously informed you, the Institute has been working with the Virginia Corporations Commission and the Virginia Securities Division to develop a procedure to (1) reinstate the unit trusts that have requested termination or withdrawal of their registration statements since July 1, 1989 and (2) obtain a refund of any annual amendment fees paid to the Securities Division pursuant to Section 512 of the Virginia Securities Act since July 1, 1989. (See Memorandum to Unit Investment Trust Members No. 24-90, dated April 27, 1990.) The Director of the Securities Division has informed the Institute that a letter requesting the appropriate action, i.e., reinstatement or refund of fees, be submitted to the Securities Division. Inasmuch as the legislation providing for the elimination of the annual amendment fee in Section 512 of the Act will not go into effect until July 1, 1990, requests should not be submitted until after that date. We will keep you informed of developments. Patricia Louie Assistant General Counsel