INSTITUTE MEETING ON RECOMMENDATIONS OF THE ADVISORY GROUP ON PERSONAL INVESTING

July 12, 1994 TO: COMPLIANCE COMMITTEE NO. 13-94 SEC RULES COMMITTEE NO. 74-94 RE: INSTITUTE MEETING ON RECOMMENDATIONS OF THE ADVISORY GROUP ON PERSONAL INVESTING __________________________________________________________ As you may know, the Institute's Board of Governors recently approved the recommendations of the industry's Advisory Group on Personal Investing and urged all investment companies to incorporate the recommendations into their codes of ethics by January 1, 1995. When it voted to endorse the recommendations, the Board recognized that various interpretive questions might arise as members incorporate the recommendations into their codes. Consequently, the Board requested that the Institute consult with members as they update their codes in order to assist them with these interpretive questions. In light of the Board's request, the Institute has scheduled a meeting at the Institute for Tuesday, July 26, 1994, at 2pm to discuss these issues. In order to help us prepare for the meeting, we would appreciate receiving any interpretive questions that you might have before the meeting. (My direct number is 202/326-5819.) Please detach and return the form below by Tuesday, July 19th if you plan to attend. Thomas M. Selman Assistant Counsel Please detach and return to Shirley McCoy (202/326-5820; fax 202/326-5828) at the Investment Company Institute, 1401 H Street, N.W., Washington, D.C. 20005-2148, by July 19, 1994. YES NO Print Name Company Name