Subject: Offer and Sale of Securities to Canadian Tax-Deferred Retire

Date:    02/16/2000 12:37 PM
     
     
Dear Mr. Levitt,
     
I am writing today to voice my support for the proposed SEC rule change 
regarding the "Offer and Sale of Securities to Canadian Tax-Deferred 
Retirement Savings Accounts":
     
17 CFR Parts 230, 240 and 270
Release Nos. 33-7656, 34-41189, IC-23745; File No. S7-10-99 
International Series Release No. 1188
RIN 3235-AH32
     
I reside in the U.S. but still have a Registered Retirement Savings Plan 
(RRSP) in Canada. I was informed back in June 1998 by the institution 
holding my RRSP that because I reside in the U.S, I will not be able to 
purchase mutual funds within my RRSP account. I was told this 
restriction was the result of SEC rulings at that time. 
     
This restriction prevents me from rebalancing my retirement portfolio 
and thereby assuming increased risk. It severely limits my reinvestment 
options as my only option is to reinvest in non-mutual fund vehicles 
(GICs, CD, savings). I don't want to add monies to my RRSP; I simply 
want to move existing monies between mutual funds within the RRSP.
     
Has a date been established when this rule change will be voted upon?
     
Please adopt this rule change as soon as possible. Thank you.
     
Sincerely,
     
Edward J. Trost
7356 Colorado Ave N
Brooklyn Park, MN 55443-2923