DRAFT AGENDA FOR SEPTEMBER 1 MEETING TO DISCUSS SEC PROPOSALS TO PERMIT PERIODIC REPURCHASES AND REDEMPTIONS

August 20, 1992 TO: SEC RULES COMMITTEE NO. 62-92 CLOSED-END FUND COMMITTEE NO. 16-92 RE: DRAFT AGENDA FOR SEPTEMBER 1 MEETING TO DISCUSS SEC PROPOSALS TO PERMIT PERIODIC REPURCHASES AND REDEMPTIONS __________________________________________________________ Attached is a draft agenda for the September 1 meeting to discuss the SEC’s proposals to permit investment companies to conduct periodic repurchases and redemptions of their shares. The meeting will be held at the Institute at 10:00 a.m. As you can see, the proposals raise a large number of technical issues. If you are unable to make the September 1 meeting, please provide me with your firm’s views on these and the policy issues raised by the proposals by September 4, if possible. My direct number is 202/955-3523. If you have not already done so, please call Terrye Rogers at 202/955-3515 to let her know whether you will be attending the meeting. Amy B.R. Lancellotta Associate Counsel Attachment