January 3, 1997
TO: ACCOUNTING/TREASURERS MEMBERS No. 1-97
BANK AND TRUST ADVISORY COMMITTEE No. 1-97
BROKER/DEALER ADVISORY COMMITTEE No. 2-97
OPERATIONS MEMBERS No. 1-97
TRANSFER AGENT ADVISORY COMMITTEE No. 1-97
RE: AMENDED INCLUSION CRITERIA FOR NASDAQ MUTUAL FUND QUOTATION
SERVICE
______________________________________________________________________________
The Investment Company Institute is pleased to announce that, as disclosed in the
attached excerpt from the Federal Register, the Securities and Exchange Commission has
approved Nasdaqs proposal to broaden the inclusion criteria for the Supplemental List of
Nasdaqs Mutual Fund Quotation Service (MFQS). MFQS is the service through which Nasdaq
disseminates mutual fund prices on a daily basis. As indicated in the attached Nasdaq memo,
the new criteria for funds to be listed on the MFQS Supplemental List will be either $10 million
in assets under management or 2 full years of continuous operation.
Nasdaq expects these new criteria to enable a significant number of presently unlisted
funds and fund share classes to gain access to MFQS. Applications for funds and fund share
classes which are eligible for listing under the new criteria will be accepted by Nasdaq starting
February 3, 1997.
If you have any questions regarding this memo or the Nasdaq Mutual Fund Quotation
Service in general, please do not hesitate to contact the undersigned at 202/326-5848.
Kevin Farragher
Director - Operations
Distribution & Service