December 14, 1993
TO: ACCOUNTING/TREASURERS COMMITTEE NO. 39-93
CLOSED-END FUND MEMBERS NO. 38-93
DIRECT MARKETING COMMITTEE NO. 59-93
INTERNATIONAL MEMBERS NO. 30-93
INVESTMENT ADVISER MEMBERS NO. 60-93
MARKETING POLICY COMMITTEE NO. 50-93
MEMBERS - ONE PER COMPLEX NO. 81-93
OPERATIONS MEMBERS NO. 37-93
RESEARCH COMMITTEE NO. 39-93
SALES FORCE MARKETING COMMITTEE NO. 57-93
SEC RULES MEMBERS NO. 98-93
TAX MEMBERS NO. 44-93
UNIT INVESTMENT TRUST MEMBERS NO. 47-93
RE: CONFERENCE ON THE GLOBALISATION OF MUTUAL FUNDS
__________________________________________________________
The Investment Company Institute is co-sponsoring with the International
Bar Association the fifth annual conference on the Globalisation of Mutual
Funds. This conference will be held in Bermuda at the Southampton Princess
Hotel, May 1-4, 1994.
As indicated in the enclosed brochure, the 1994 conference will address
a variety of globalisation issues from both the legal and business
perspective. This year's program includes panels on concurrent offerings in
multiple jurisdictions, innovations in customer services, the provision of
cross-border advisory services and creative marketing developments in
jurisdictions around the world. A role-playing format will be used to
evaluate the business and legal issues involved in selecting the appropriate
jurisdiction for an offshore fund. Other panels will update developments
regarding the master/feeder structure and new and innovative products.
As in past years, the conference speakers will represent a cross-section
of mutual fund business executives, attorneys and accountants from the U.S.
and a variety of other countries. Since it is anticipated that conference
attendees also will represent a wide number of different disciplines from
different geographic locations, ample opportunity will be provided for social
interaction among attendees and speakers.
Conference activities will include an opening reception, a cocktail
party hosted by The Bank of Bermuda, The Bank of Butterfield and Bermuda
Commercial Bank, a golf and tennis outing hosted by The Bank of Bermuda and a
buffet sponsored by the International Bar Association and the Institute.
To register for the conference, please return the enclosed registration
form along with the appropriate fee to the Investment Company Institute as
early as possible. We expect substantial interest in the conference and space
is limited. If you have any questions regarding registration, please call the
Institute's Conference Division (202) 326-5968.
We look forward to seeing you in Bermuda.
Catherine L. Heron
Vice President - Tax & Pension
2Enclosure