VIA FAX
February 12, 1997
TO: TAX COMMITTEE No. 5-97
PENSION COMMITTEE No. 6-97
RE: PRELIMINARY AGENDAS - PENSION AND TAX COMMITTEE MEETINGS
______________________________________________________________________________
Preliminary agendas for the Tax and Pension Committee meetings on Wednesday,
February 19, 1997 are attached. The meetings will be held at 10:00 a.m. and 2:00 p.m.,
respectively. A joint luncheon will be served following the Tax Committee meeting. The
meetings will be held at the Investment Company Institute, 1401 H Street, N.W., 12th Floor,
Washington, DC.
Tax Committee members will receive, as attachments to the preliminary agendas, a
memorandum and a questionnaire prepared by a Committee member regarding a proposal for
an IRS ruling that repurchase agreements are "government securities" for purposes of the
section 851(b)(4) diversification test. The Tax Committee’s discussion of whether the Institute
should advance this proposal (item III.B. on Tax Committee preliminary agenda) will be
enhanced if Committee members review these materials prior to the meeting.
Pension Committee members are invited to attend a meeting with Karen Ferguson of
the Pension Rights Center immediately following the Pension Committee meeting. Ms.
Ferguson is interested in obtaining Institute member views regarding the lack of pension
coverage in the small employer market, and in particular, is seeking ways to address the issue
legislatively. This meeting is expected to last approximately one hour.
We look forward to seeing you on the 19th.
Eric G. Burns
Chairman - Tax Committee
Leonard P. Larrabee, III
Chairman - Pension Committee
Attachments