Linsco/Private Ledger Corp.
December 23, 2003 Secretary, Securities and Exchange Commission
Re: File No. SR-NSCC-2003-21 Dear Sir: We respectfully submit this letter in response to the request for comments to Release No. 34-48846: Notice of Proposed Rule Change Relating to the Separately Managed Accounts Service, SR-NSCC-2003-21. LPL supports the NSCC initiative to develop an industry solution for an operational infrastructure/interface that can support the projected growth of the separately managed accounts industry. Sincerely, David J. Freniere, Senior Vice President & Assistant General Counsel, Linsco/Private Ledger Corp. Copy to: Stephanie Brown, Managing Director & General Counsel, Linsco/Private Ledger Corp.
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