-------------------- BEGINNING OF PAGE #1 ------------------- SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230, 239, and 270 Release Nos. 33-7253; IC-21663; S7-32-95 RIN 3235-AG63 Calculation of Yield by Certain Unit Investment Trusts AGENCY: Securities and Exchange Commission. ACTION: Proposed amendments to rules and forms; extension of comment period. SUMMARY: The Commission is extending from January 29, 1996 to March 29, 1996 the comment period for Investment Company Act Release No. 21538. This release proposed for public comment rule and form amendments that would require certain unit investment trusts ("UITs") to use a uniform formula to calculate yields quoted in their prospectuses, advertisements, and sales literature. DATES: Comments on the proposed amendments should be received on or before March 29, 1996. ADDRESSES: Comments should be submitted in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. All comment letters should refer to File No. S7-32-95. All comments received will be available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street, N.W., Washington, D.C. 20549. FOR FURTHER INFORMATION CONTACT: Anthony R. Bosch, Senior Attorney, Office of Disclosure and Adviser Regulation, (202) 942- 0721, Division of Investment Management, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. SUPPLEMENTARY INFORMATION: On November 22, 1995 the Commission published Investment Company Act Release No. 21538 which proposed for comment rule and form amendments that would standardize the calculation of yield quoted in the prospectuses, advertisements, and sales literature of certain UITs.-[1]- The Commission requested that comments on the proposal be received by January 29, 1996. In a letter dated December 14, 1995 the Investment Company Institute ("ICI") requested a 60-day extension for the period for commenting on the proposal.-[2]- The ICI requested the extension to allow additional time for further research, data generation, analysis, and discussion. To permit additional time for research, data generation, analysis, and discussion and in light of the importance of comments on this subject, the Commission believes that a 60-day extension is appropriate. The comment period for responding to Investment Company Act Release No. 21538 is extended to March 29, 1996. By the Commission. Jonathan G. Katz Secretary January 11, 1996 --------- FOOTNOTES --------- -[1]- Investment Company Act Rel. No. 21538 (Nov. 22, 1995) [60 FR 61454 (Nov. 29, 1995)]. -[2]- Letter from Craig S. Tyle, Vice President and Senior Counsel, Investment Company Institute, to Barry P. Barbash, Director, Division of Investment Management (Dec. 14, 1995).