February 4, 1993
TO: MEMBERS - ONE PER COMPLEX NO. 10-93
CLOSED-END FUND MEMBERS NO. 7-93
INVESTMENT ADVISER MEMBERS NO. 10-93
SEC RULES COMMITTEE NO. 10-93
UNIT INVESTMENT TRUST COMMITTEE NO. 5-93
RE: SUMMARY OF SEC NO-ACTION AND INTERPRETIVE LETTERS -
SERIES 56
__________________________________________________________
Attached is a summary of recent no-action and interpretive
letters of the SEC staff relating to investment company and
investment adviser matters. These summaries include only letters
that we believe are of interest or importance to members and do
not necessarily contain all relevant facts. In view of these
limitations, members should not rely on Institute summaries as an
all-inclusive survey of staff letters in this area. A copy of
the complete text of the summarized letters may be obtained from
the Institute for the use of members and counsel by contacting
Michael Branch at 202/955-3524.
Frances M. Stadler
Assistant Counsel
Attachment