FOR IMMEDIATE RELEASE                             98-113

                       Fee Rate Advisory

     Washington, D.C., October 21, 1998 -- The SEC's 1999
appropriation was enacted today.  As a result, the SEC will
implement the new fee rate on filings made pursuant to section
6(b) of the Securities Act of 1933 on Thursday, October 22.  The
new fee rate will decrease to $278 per $1,000,000.  This rate
also must be applied pro rata to amounts less than $1,000,000.
The fee should be calculated by multiplying the aggregate
offering amount by .000278.

     Filers and registrants should contact the Office of Filings
and Information Services, Filer Support Unit, at (202) 942-8900
if they have any questions.

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