Series and Classes

On July 18, 2005, the SEC adopted rule and form amendments that will require open-end management investment companies and separate accounts that register on Forms N-1A, N-3, N-4 and N-6 (S/C Funds) to obtain identifiers for their series and classes (or contracts, in the case of separate accounts) and to include these identifiers in specified filings.

S/C Funds will be required to have entered, on a special section of the EDGAR Filing Web site, information for their existing series and classes (contracts) and received their identifiers no later than February 6, 2006. On and after that date EDGAR will not accept specified filings without required series and class (contract) identifiers.

The identifiers will be a substantive requirement of the filing, and non-compliance will result in a suspension of the filing.

S/C Funds will have to update and keep current their series and class (contract) information.

The Final Rule also mandates electronic filing via EDGAR of fidelity bonds under Section 17(g) and sales literature (non-NASD) under Section 24(b) of the Investment Company Act.

See Rulemaking for EDGAR System: Final Rule 33-8590