Memo #
20435

Quarterly Report to Boards of Institute Member Funds

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©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. [20435] October 3, 2006 TO: BOARD OF GOVERNORS No. 25-06 INVESTMENT COMPANY DIRECTORS No. 24-06 INDEPENDENT DIRECTORS COUNCIL No. 7-06 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 27-06 PRIMARY CONTACTS - MEMBER COMPLEX No. 18-06 SEC RULES COMMITTEE No. 42-06 SMALL FUNDS MEMBERS No. 71-06 RE: QUARTERLY REPORT TO BOARDS OF INSTITUTE MEMBER FUNDS Attached is a report for the 3rd quarter of 2006 concerning Institute activities and accomplishments. In addition, I have included a summary of reports produced by the Institute’s research department during the quarter. I hope you find the report informative. Please do not hesitate to contact me at 202.326-5901 or paul.stevens@ici.org or Tamara Salmon, Acting Managing Director of the Independent Directors Council, at (202) 326-5825 or tamara@ici.org if you have any questions. Paul Schott Stevens President Attachment (in .pdf format) Note: Not all recipients receive the attachment. To obtain a copy of the attachment, please visit our members website (http://members.ici.org) and search for memo 20435, or call the ICI Library at (202) 326-8304 and request the attachment for memo 20435.

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