January 25, 1994
TO: PENSION COMMITTEE NO. 6-94
TAX COMMITTEE NO. 4-94
RE: FEBRUARY 2 LUNCHEON DISCUSSION TOPIC - ICI'S FUNDS SYSTEM
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As you may be aware, the ICI maintains and operates an electronic
communication network (known as FUNDS) linking the ICI with its members for
the purpose of sharing statistical data and other information relating to the
fund industry.
The Information Services Division of the Institute is presently
considering the expansion of services available on FUNDS. One of the proposed
ideas would provide an electronically-accessible library and archive service
of ICI-issued legal memoranda. This Lexis-like service would give members'
legal and compliance staffs the capability (using their own personal computer)
to perform key word searches and other criteria against electronic archives to
extract copies of relevant ICI memos.
During lunch on February 2, I would like to explore this idea further
with you. Prior to the February 2 meeting, please give some thought as to
whether such a library service would be useful at your organization.
Additionally, it would be useful to have an idea as to the extent to which you
or your staff have access to the following equipment: IBM-compatible personal
computers, modems with dial-up telephone lines, and compact disk (CD) drives.
Thank you, and I will see you on Feb. 2.
Charles A. Eby
Vice President
Information Services