FOR IMMEDIATE RELEASE                                 2000-3
                              
                  Fee Rate Advisory No. 11
                              
     Washington, DC, January 5, 2000 -- On November 29,
1999, President Clinton signed H.R. 3194, Consolidated
Appropriations Act, 2000.  This act, effective 12:01 a.m.
EST on November 29, decreased the fee rate on filings made
pursuant to Section 6 (b) of the Securities Act of 1933 to
$264 per $1,000,000 or .000264 of the aggregate offering
amount.

     Any registrant of a filing received by the Commission
on November 29, 1999 that paid at the old fee rate of $278
per $1,000,000 or .000278 of the aggregate offering amount
is entitled to a refund.  If you choose to apply for a
refund, you may send a written request to:

US Securities and Exchange Commission
Office of Filings and Information Services
Fee Unit
6432 General Green Way
Mail Stop 0-7
Alexandria, VA 22312

     If you have any questions about the fee rate, please
contact the Office of Filings and Information Services, Fee
Unit at (202) 942-8989.

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