MSRB and TBMA to Hold Compliance Seminar

The Municipal Securities Rulemaking Board and The Bond Market Association are pleased to announce that they will be holding a compliance seminar regarding MSRB rules. The session will be held on Thursday, October 9, 2003, beginning at 10:00 a.m. at the TBMA’s office located at 360 Madison Avenue, New York, NY. Members of the MSRB Legal Staff will discuss recent MSRB initiatives and will be available to answer questions on a variety of topics. This seminar is open to all members of the municipal securities community and there is no charge for attending. New York State CLE credit is available.

For further information, please contact Kathleen Hall, The Bond Market Association, 360 Madison Avenue, New York, NY, (646) 637-9294 or via e-mail at KHall@bondmarkets.com.

May 27, 2003