FEE RATE ADVISORY #7

We expect that the
Congress will pass and the President will sign today a one-day
extension, through October 27, 2000, of the current continuing
resolution. Therefore the fee rate on filings made pursuant to
Section 6(b) of the Securities Act of 1933 will remain at the
current rate of $264 per $1,000,000.  Please note that when an
appropriations bill is enacted, the fee rate will decrease to
$250 per $1,000,000.

     We 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 website at http://www.sec.gov.

     Please contact the Filer Support Unit in the Office of
Filings and Information Services at (202) 942-8900 if you have
any questions.