September 22, 1998

Mr. Jonathan G. Katz, Secretary

Securities and Exchange Commission

450 Fifth Street, N.W.

Mail Stop 6 - 9

Washington, D.C. 20549

Dear Mr. Katz:

We are writing today to offer our views to the proposed amendments (File No. S7-25-98) to Rule 17Ad-14 under the Securities and Exchange Act of 1934.

We have reviewed the above referenced proposal and wholeheartedly support its implementation. It is our belief that the proposed changes provide progress towards reducing risk with regard to certain corporate actions processing. Additionally, it should also allow securities depositories to provide services to its participants up to the actual expiration time as opposed to an artificial cutoff they must now mandate so as to process an event in a timely and efficient manner. This rule modification will ultimately translate into better service for the individual investor - something we believe very strongly about at Edward Jones.

Thank you for allowing us the opportunity to make our viewpoint known on this important industry initiative. We would be delighted to participate in any additional dialogue regarding our views. Please do not hesitate to contact me directly at anytime should you feel it is appropriate. I can be reached at 314-515-7657 or via e-mail at:


Norman L. Eaker

Principal, Operations