Draft Institute Letter Requesting Guidance Projects for Treasury/IRS Guidance Priority List

©2006 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. [19985] April 28, 2006 TO: TAX COMMITTEE No. 14-06 PENSION COMMITTEE No. 13-06 PENSION OPERATIONS ADVISORY COMMITTEE No. 13-06 529 PLAN ADVISORY COMMITTEE No. 6-06 RE: DRAFT INSTITUTE LETTER REQUESTING GUIDANCE PROJECTS FOR TREASURY/IRS GUIDANCE PRIORITY LIST Attached for your review is a draft Institute letter, to be submitted to the Treasury Department and the Internal Revenue Service, requesting the inclusion of several guidance projects on the 2006- 2007 IRS/Treasury Guidance Priority List. The requested guidance projects are divided into three categories: (1) issues for regulated investment companies (“RICs”) and their shareholders; (2) education savings issues; and (3) retirement security issues. This draft letter is based upon comments developed during conference calls with Institute members. If you have any comments on this draft, please provide them to the Institute staff by noon on Monday, May 8, 2006. In addition to contacting the undersigned (Elena Barone at 202/326-5821 or ebarone@ici.org; Karen Lau at 202/371-5432 or klau@ici.org), you may provide comments to Keith Lawson (202/326-5832 or lawson@ici.org), Mary Podesta (202/326-5826 or podesta@ici.org), Lisa Robinson (202/326-5835 or lrobinson@ici.org), or Michael Hadley (202/326-5810 or mhadley@ici.org). Elena Barone Assistant Counsel Karen Lau Assistant Counsel Attachment (in .pdf format)