January 4, 1994
TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 2-94
MEMBERS - ONE PER COMPLEX NO. 1-94
OPERATIONS COMMITTEE NO. 2-94
SMALL FUNDS COMMITTEE NO. 1-94
RE: REDUCED RATES ON ALL LONG DISTANCE SERVICES
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Following months of research in the area of telephone expense reduction,
the Investment Company Institute is pleased to announce an ICI-sponsored
program that allows Institute members to take advantage of a significant new
benefit: You can select the long-distance network of your choice--AT&T, MCI, or
Sprint--and receive the lowest rates available on your outbound long-distance
and inbound toll-free (800) service.
The Institute is able to offer this attractive service by utilizing the collective
buying power of our members and by working in partnership with UWI
Association Programs, a telecommunications consulting group.
Among the benefits offered by the ICI/UWI Program are:
! A comprehensive, free analysis of your current long-distance telephone
service and expenditures. With this analysis, you'll see the potential
realized savings that are available with each of the ICI/UWI Program's
options.
! All switched and T1.5 access services are discounted through the
ICI/UWI Program.
! Flexibility. There are no minimum phone volume requirements with the
ICI/UWI Program and you can leave the program at any time
without penalty. In addition, you're able to mix and match your
inbound and outbound service providers to achieve the highest
possible cost savings and most efficient service.
Attached is a flyer that provides more information about the ICI/UWI
Program. Given the mutual fund industry's tremendous phone volume and
interest in reducing costs, I believe that you will find this information to be
beneficial.
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A UWI Association Programs representative will call you within the next
two weeks to answer any questions you may have about the program and to
arrange for a free, comprehensive analysis of your current telephone services
and expenditures.
Meanwhile, if you would like more information about the ICI/UWI Program,
please call a UWI representative at 800/342-9287. To speak to the Institute staff
member who is coordinating this program, please call Kevin Farragher in the
Operations Department at 202/326-5848.
Donald J. Boteler
Vice President - Operations
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