March 5, 1996
TO: TAX COMMITTEE No. 8-96
RE: 1996 SUBCHAPTER M COMPLIANCE WORKSHOPS - REMINDER
______________________________________________________________________________
The Investment Company Institute is sponsoring a series of Subchapter M Compliance
Workshops in 1996 that will cover the following: starting up a regulated investment company
("RIC"); basic RIC qualification tests; complex RIC qualification issues (including foreign
transactions and options and futures); taxation of RICs; taxation of shareholders; multiple-class,
master-feeder, and fund-of-funds structures; and mergers and liquidations.
Participation at each workshop in Boston and San Francisco is limited to 100 persons,
and participation at the workshop in New York is limited to 80 persons. Only members of the
Investment Company Institute may attend the workshops in New York and Boston. Non-
member registration for the workshop in San Francisco will be permitted on a space-available
basis. Non-member registrants must have a business relationship with an ICI member or
associate member.
Attached is a list of panelists, a copy of the preliminary program and a registration
form. Please note that additional registrants from the same member organization will receive a
substantially reduced registration fee.
Dates and Locations
Thursday, March 14 Boston
Swissotel Boston
One Avenue de Lafayette
Boston, MA 02111
(617) 451-2600
Reserve your hotel
accommodations by: February 27, 1996
Room Rates: $175.00 single/double
Wednesday, April 17 New York
RIHGA Royal
151 West 54th Street
New York, NY 10019
(212) 307-5000
Reserve your hotel
accommodations by: March 25, 1996
Room Rates: $225.00 single
Friday, May 10 San Francisco
Grand Hyatt San Francisco
345 Stockton Street
San Francisco, CA 94108
(415) 398-1234
Reserve your hotel
accommodations by: April 9, 1996
Room Rates: $169.00 single/double
The meeting will begin at 9:00 a.m. Lunch will be provided and the program will end at
approximately 5:00 p.m.
To register, complete the attached registration form and return it, along with a check made
payable to the Investment Company Institute for $200 for the first registrant, and $125 for each
additional registrant from the same fund group attending the same meeting. To obtain the
reduced rate for additional registrants from the same group, please submit the registration
forms for all persons from your group at the same time. Non-members should submit a check
in the amount of $325 for each registrant. Participation in each program is limited, so please
register as soon as possible.
Please make your own hotel reservations by calling the hotel directly. To receive the
special room rate that has been arranged at the hotel, you must mention the Investment
Company Institute when making your reservation. Also, you must reserve your hotel room by
the date indicated to obtain the rate.
For more registration or logistical information, contact the Conference Division at
(202) 326-5968. For additional information on the program, please contact the undersigned at
(202) 326-5837.
Anne M. Barr
Assistant Counsel - Tax
Attachments
INVESTMENT COMPANY INSTITUTE
presents
1996 SUBCHAPTER M COMPLIANCE WORKSHOPS
PANELISTS
Anne M. Barr, Moderator
Assistant Counsel - Tax
Investment Company Institute
Michael Bentivoglio
Vice President - Taxation
Charles Schwab & Co., Inc.
Dori Laskin
Principal - Tax
The Vanguard Group, Inc.
Laura Melman
Tax and Compliance Manager
The Bank of New York
Steve Ungerman
First Vice President
Prudential Mutual Funds
INVESTMENT COMPANY INSTITUTE
presents
1996 SUBCHAPTER M COMPLIANCE WORKSHOPS
PRELIMINARY PROGRAM SCHEDULE
8:00 - 9:00 Registration and Coffee
9:00 - 9:10 Introduction
9:10 - 9:30 Starting Up a RIC
9:30 - 9:35 Questions and Answers
9:35 - 10:20 Basic RIC Qualification Issues (90 Percent Test, 30 Percent Test, and
Diversification Requirement)
10:20 - 10:30 Questions and Answers
10:30 - 10:45 Refreshment Break
10:45 - 11:50 Basic RIC Qualification Issues (Calculation of Income for Distribution Purposes)
11:50 - 12:00 Questions and Answers
12:00 - 12:30 Distributions to Shareholders
12:30 - 1:40 Lunch
1:40 - 1:55 Distributions to Shareholders (continued)
1:55 - 2:05 Questions and Answers
2:05 - 3:20 Complex RIC Qualification Issues (Including Foreign Transactions; Options;
Futures; and Multiple-Class, Master-Feeder, and Fund-of-Funds Structures)
3:20 - 3:35 Refreshment Break
3:35 - 4:20 Complex RIC Qualification Issues (continued)
4:20 - 4:30 Questions and Answers
4:30 - 4:55 Requalification, Mergers and Liquidations
4:55 - 5:00 Questions and Answers
5:00 Adjourn
INVESTMENT COMPANY INSTITUTE
1996 Subchapter M Compliance Workshops
______ March 14 - Boston ______ April 17 - New York ______ May 10 - San Francisco
PLEASE TYPE OR PRINT
__________________________________________________________________________________
Name Title Badge Name
__________________________________________________________________________________
Name of Organization
__________________________________________________________________________________
ICI Member Firm (if different)*
__________________________________________________________________________________
Address
__________________________________________________________________________________
City, State Zip
__________________________________________________________________________________
Telephone Fax
Please check here if you need special services due to a disability or have special dietary requirements
Registration Fee
x $200 First Registrant from Institute Member Organization
x $125 Each Additional Registrant (from same member organization attending the
same meeting)
x $325 Each Non-member Registrant
$ Total Fees
METHOD OF PAYMENT
[ ] Check/Money Order (Make checks payable to: Investment Company Institute)
Charge to: Visa/Mastercard Exp Date:
Cardholder’s Name: Signature:
(Required for all charge orders)
Return to: Conference Division
INVESTMENT COMPANY INSTITUTE
1401 H Street, NW - 12th Floor
Washington, DC 20005-2148
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Office use only: Payment ______ Check #______ Check Date ______ METS ______ The