Draft NRA Layout for Year-End Tax Reporting; Conference Call Scheduled for July 28, 2006

©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. [20214] July 21, 2006 TO: ACCOUNTING/TREASURERS COMMITTEE No. 9-06 BANK, TRUST AND RECORDKEEPING ADVISORY COMMITTEE No. 22-06 BROKER/DEALER ADVISORY COMMITTEE No. 26-06 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 21-06 OPERATIONS COMMITTEE No. 19-06 TAX COMMITTEE No. 28-06 TRANSFER AGENT ADVISORY COMMITTEE No. 49-06 RE: DRAFT NRA LAYOUT FOR YEAR-END TAX REPORTING; CONFERENCE CALL SCHEDULED FOR JULY 28, 2006 A conference call has been scheduled to discuss the attached draft nonresident alien (“NRA”) reporting layout and instructions proposed to be used by mutual funds in connection with year-end tax reporting to brokers and others. The NRA is a new layout; the attached draft reflects the comments provided by participants in two group calls that included Institute members, brokers and other interested parties. The conference call is scheduled for Friday, July 28, 2006 at 2:00 p.m. (EDT). If you would like to participate in the call, please complete the attached response form and submit it to Ezella Wynn by fax (202-326-5841) or by e-mail (ewynn@ici.org) by close of business on Thursday, July 27th. To access the call, please dial 888-323-9867 and enter passcode 27169. Lisa Robinson Associate Counsel Attachment no. 1 (in .pdf format)