From: Wendy Connolly []
Sent: Tuesday, April 27, 2004 12:45 PM
Subject: S7-11-04:

When is there going to be a definite ruling on the proposed Mandatory Redemption Fees for Redeemable Fund Securities?

Several mutual fund companies are implementing some of the proposed rules but so far the accounting and record keeping systems have not completed their programming due to final ruling not being issued.

Please advise as to when we could expect the final ruling to take place.


Wendy Connolly
Operations Manager
Heartland Trust Company