From: Robert Hughes [rhughes@oppenheimerfunds.com] Sent: Friday, October 11, 2002 11:24 AM To: rule-comments@sec.gov Subject: File No. S7-28-02 Dear Mr Katz: Please excuse my late reply regarding Custody Issues (File No. S7-28-02). Due to the large increase in popularity of WRAP Accounts, I would recommend that a section be included to cover such accounts. In particularly, the responsible around custody and billing requirements. Thank you, Robert M. Hughes Securities Compliance Adm. & Compliance Officer OppenheimerFunds, Inc. 6803 South Tucson Way Englewood, Colorado 80112 303.768.5828 Fax: 303.768.2905 rhughes@oppenheimerfunds.com This electronic mail transmission may contain confidential information and is intended only for the person(s) named. Any use, copying or disclosure by any other person is strictly prohibited. If you have received this transmission in error, please notify the sender via e-mail.