OCTOBER 9, 1991 MEETING ON SYNTHETIC, SHORT-TERM TAX-EXEMPT OBLIGATIONS AND SUBCHAPTER M ISSUES

September 13, 1991 TO: TAX COMMITTEE NO. 30-91 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 23-91 RE: OCTOBER 9, 1991 MEETING ON SYNTHETIC, SHORT-TERM TAX-EXEMPT OBLIGATIONS AND SUBCHAPTER M ISSUES __________________________________________________________ The Institute will host a luncheon meeting of members at the University Club, 1135 16th Street, N.W. on October 9, 1991 at 1:00 p.m. to discuss the taxation of synthetic, short-term tax- exempt obligations under Subchapter M of the Internal Revenue Code. A memorandum on these issues will be sent prior to the meeting to those who will be attending. Please contact Ms. Berlaunder Barnes at (202) 955-3518 by September 30, 1991 if you will be attending the meeting. David J. Mangefrida, Jr. Assistant Counsel - Tax DJM:bmb