August 14, 1990
TO: STATE LIAISON COMMITTEE NO. 16-90
UNIT INVESTMENT TRUST COMMITTEE NO. 35-90
RE: POSSIBLE STATES TO TARGET FOR BLUE CHIP EXEMPTION
__________________________________________________________
As you know, the Institute has been actively pursuing the
adoption of the blue chip exemption for qualified mutual funds
and unit investment trusts in the states. We are pleased that as
a result of the Institute's efforts, ten states have adopted the
blue chip exemption and the exemption for all investment
companies has been preserved in Hawaii and Wyoming.
The Institute will be pursuing the blue chip exemption in
certain targeted states in the 1991 state legislative sessions.
To assist the Institute in assessing the likelihood of success of
obtaining the blue chip exemption in the merit states, we would
appreciate your completing the attached survey.
Please return the survey to me no later than September 21,
1990. If you have any questions regarding the survey, please
feel free to contact me at (202) 955-3517.
Patricia Louie
Assistant General Counsel
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