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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 230, 239, and 270

Release Nos. 33-7253; IC-21663; S7-32-95

RIN 3235-AG63          

Calculation of Yield by Certain Unit Investment Trusts   

AGENCY:   Securities and Exchange Commission.

ACTION:   Proposed amendments to rules and forms; extension of
comment period.

SUMMARY:  The Commission is extending from January 29, 1996 to
March 29, 1996 the comment period for Investment Company Act
Release No. 21538.  This release proposed for public comment rule
and form amendments that would require certain unit investment
trusts ("UITs") to use a uniform formula to calculate yields
quoted in their prospectuses, advertisements, and sales
literature. 

DATES:  Comments on the proposed amendments should be received on
or before March 29, 1996.

ADDRESSES:  Comments should be submitted in triplicate to
Jonathan G. Katz, Secretary, Securities and Exchange Commission,
450 Fifth Street, N.W., Washington, D.C. 20549.  All comment
letters should refer to File No. S7-32-95.  All comments received
will be available for public inspection and copying in the
Commission's Public Reference Room, 450 Fifth Street, N.W.,
Washington, D.C. 20549.

FOR FURTHER INFORMATION CONTACT:  Anthony R. Bosch, Senior
Attorney, Office of Disclosure and Adviser Regulation, (202) 942-
0721, Division of Investment Management, Securities and Exchange
Commission, 450 Fifth Street, N.W., Washington, D.C.  20549.

SUPPLEMENTARY INFORMATION:  On November 22, 1995 the Commission
published Investment Company Act Release No. 21538 which proposed
for comment rule and form amendments that would standardize the
calculation of yield quoted in the prospectuses, advertisements,
and sales literature of certain UITs.-[1]-  The Commission
requested that comments on the proposal be received by January
29, 1996.

     In a letter dated December 14, 1995 the Investment Company
Institute ("ICI") requested a 60-day extension for the period for
commenting on the proposal.-[2]-  The ICI requested the extension
to allow additional time for further research, data generation,
analysis, and discussion.
     To permit additional time for research, data generation,
analysis, and discussion and in light of the importance of
comments on this subject, the Commission believes that a 60-day
extension is appropriate.  The comment period for responding to
Investment Company Act Release No. 21538 is extended to March 29,
1996.

By the Commission.

                                        Jonathan G. Katz
                                        Secretary

January 11, 1996


--------- FOOTNOTES ---------

-[1]-     Investment Company Act Rel. No. 21538 (Nov. 22, 1995)
          [60 FR 61454 (Nov. 29, 1995)].

-[2]-     Letter from Craig S. Tyle, Vice President and Senior
          Counsel, Investment Company Institute, to Barry P.
          Barbash, Director, Division of Investment Management
          (Dec. 14, 1995).