July 12, 1991
TO: SEC RULES COMMITTEE NO. 38-91
INVESTMENT ISSUES COMMITTEE NO. 7-91
INVESTMENT ADVISERS COMMITTEE NO. 31-91
CLOSED-END FUND COMMITTEE NO. 17-91
RE: SEC EXTENDS DEADLINE FOR COMMENTS ON REFORM OF PROXY
VOTING RULES
__________________________________________________________
As we previously informed you, the SEC has proposed
amendments to its proxy rules under Section 14(a) of the
Securities Exchange Act of 1934 to facilitate shareholder
communications and reduce the costs of compliance for persons
engaged in proxy solicitations. (See Memorandum to SEC Rules
Committee No. 35-91, Investment Issues Committee No. 4-91,
Investment Advisers Committee No. 25-91 and Closed-end Fund
Committee No. 14-91, dated June 19, 1991.) The SEC recently
extended the deadline for comments on this proposal from August
9, 1991 to September 23, 1991. Therefore, if you have any
comments that you would like the Institute to consider in a
letter, please call Richard Mason (202/955-3516) or me (202/955-
3525) no later than September 6, 1991.
Amy B.R. Lancellotta
Assistant General Counsel