SFAS 119 - DISCLOSURE ABOUT DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

July 24, 1995 TO: ACCOUNTING/TREASURERS COMMITTEE No. 28-95 RE: SFAS 119 - DISCLOSURE ABOUT DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS ______________________________________________________________________________ As a follow-up to our March 9, 1995 request for sample financial statements that contain SFAS 119 disclosures, we would like to request any additional sample financial statements that contain derivative disclosures, including any related to derivatives held for “trading” purposes. The Accounting Policy Subcommittee (APS) plans to accumulate, summarize, and distribute the appropriate disclosures to the Accounting/Treasurers Committee as the first step in our initiative to develop a mutual fund accounting “trends and techniques” manual. Please forward fund financial statements that include the appropriate disclosures to: Gregory M. Smith Investment Company Institute 1401 H Street, NW - 12th Floor Washington, D.C. 20005-2148 Please send your fund financial statements to the Institute prior to August 4, 1995. If you have any questions, please call Greg Smith at (202)326-5851. Joe Grainger - APS Rich Thomas - APS