U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

SEC Open Meeting Agenda
Wednesday, February 25, 2004, 10:00 a.m.

Agenda as of the morning of February 24, 2004. Note that Open Meeting agendas are subject to last-minute changes.

Item 1: Mandatory Redemption Fees for Redeemable Fund Securities
Office:  Division of Investment Management
Staff:  Robert E. Plaze, C. Hunter Jones, Shaswat Das

Item 1: Mandatory Redemption Fees for Redeemable Fund Securities

The Commission will consider a recommendation to propose for public comment rule 22c-2 under the Investment Company Act of 1940. The recommended proposal would require open-end investment companies to impose a two percent redemption fee on the redemption of shares held for five business days or less. The Commission also will consider whether to ask for comment about additional ways to address market timing.

For further information, please contact Shaswat Das, Senior Counsel, Division of Investment Management, at (202) 942-0650.



Modified: 02/24/2004