June 23, 1995
TO: ACCOUNTING/TREASURERS MEMBERS No. 32-95
COMPLIANCE COMMITTEE No. 27-95
MEMBERS - ONE PER COMPLEX No. 60-95
OPERATIONS MEMBERS No. 31-95
SEC RULES MEMBERS No. 43-95
TAX MEMBERS No. 32-95
RE: ADDITIONAL PORTFOLIO COMPLIANCE WORKSHOP IN N.Y. -- JULY
27TH
______________________________________________________________________________
Based on popular demand, the Institute has scheduled an additional portfolio compliance
workshop, which will be held in New York City at the Loews New York Hotel, 569 Lexington Avenue
(at 51st Street), on Thursday, July 27th. The workshop will begin at 9:00 a.m. (with registration
beginning at 8:30 a.m.) and will conclude at approximately 4:00 p.m. A copy of the workshop program
is attached.
As indicated on the attached program, the workshop covers various aspects of mutual fund
portfolio compliance. It provides an overview of applicable requirements under the Investment
Company Act, the Internal Revenue Code, other federal laws and selected state statutes and regulations,
and more detailed discussions of such areas as mutual fund pricing and liquidity, soft dollars, affiliated
transactions, investments in derivatives and money market fund issues. In addition, the panel addresses
the development of compliance guidelines and procedures, and SEC enforcement mechanisms. The
program concludes with a dramatization of the handling of a mutual fund compliance problem.
Workshop panelists are Michael Downer, Capital Research & Management; Maria Dwyer,
Massachusetts Financial Services; Mark Goldfus, Merrill Lynch Asset Management; and Karen Kay,
Putnam Investment Management. Craig Tyle, Vice President and Senior Counsel at the Institute, will
moderate the panel.
The program is designed for fund employees involved in portfolio compliance, including
attorneys, accountants, compliance officers and portfolio managers. Registration will be limited to 100
attendees, so it is important to register as early as possible. Only employees of Institute members may
attend. To register, simply complete the form provided and return it, along with a check for $200 for
the first registrant and $125 for each additional registrant within the same firm, to the Institute.
Please make your own hotel reservations. The telephone number of the hotel is (212) 752-7000
and the cut-off date for making reservations is July 12, 1995. A block of rooms at the hotel has been
reserved under the name of the Investment Company Institute at the rate of $159.00 single/double.
When you call, you should mention that you will be attending the InstituteGs workshop in order to get
this special rate.
For additional information, please call the InstituteGs Conference Division at 202/326-5968.
Frances M. Stadler
Associate Counsel
Attachments