Proposed Regulations Eliminating Per-country Reporting - Conference Call Scheduled for Friday, September 22 at 2:00 pm EDT

©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. [20384] September 20, 2006 TO: TAX COMMITTEE No. 32-06 RE: PROPOSED REGULATIONS ELIMINATING PER-COUNTRY REPORTING - CONFERENCE CALL SCHEDULED FOR FRIDAY, SEPTEMBER 22 AT 2:00 PM EDT A conference call has been scheduled for Friday, September 22, 2006 at 2:00 p.m. EDT to discuss the recently-issued proposed regulations eliminating country-by-country reporting to shareholders of foreign source income and foreign taxes paid.1 In particular, we would like to discuss the date by which you would need to know that you could rely upon the proposed regulations (before finalization) for 2006 reporting to shareholders. We also will discuss clarifications needed (if any) for implementing the proposed regulations. If you would like to participate in the call, please complete the attached response form and send it to Ezella Wynn by fax (202-326-5841) or by e-mail (ewynn@ici.org) by 12:00 noon on Friday, September 22, 2006. To access the call, please dial 800-369-1663 and enter passcode 63206. Lisa Robinson Associate Counsel Attachment (in .pdf format) 1 See Institute Memorandum (20374) to International Committee No. 24-06 and Tax Committee No. 31-06, dated September 18, 2006.