FOR IMMEDIATE RELEASE                                  98-93

                       Fee Rate Advisory

     Washington, D.C., September 24, 1998 -- The Securities and
Exchange Commission is expected to be funded under a continuing
resolution (CR) until October 9, 1998.  Therefore, the fee rate
on filings made pursuant to Section 6(b) of the Securities Act of
1933 will continue at the current rate of $295 per $1,000,000.
This fee should be applied pro rata to amounts less than
$1,000,000 and should be calculated by multiplying the aggregate
offering amount by .000295.

     This rate will be in effect until October 9 or until the
pending appropriations bill is enacted.  When the pending
appropriations bill is enacted, the 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.

     The Commission will issue further notices as appropriate to
keep filers and registrants informed of developments affecting
the section 6(b) fee rate.  This information will be posted at
the SEC's internet address http://www.sec.gov.  In the interim,
filers and registrants should contact the Office of Filings and
Information Services, Filer Support Unit, at
(202) 942-8900 if they have any questions.
                                
                          #     #     #