June S. Jones Co. 225 S. W. Broadway Portland, Oregon

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On June 6, 1984, the United States District Court for the District of Oregon appointed a SIPC Trustee for the above captioned firm.

Members may use the "immediate close-out" procedures as provided in Section 59(i) of the NASD's Uniform Practice Code to close-out open OTC contracts. Also, MSR8 Rule G-12 (h)(iv) provides that members may use the above procedures to close-out transactions in municipal securities.

Questions regarding the firm should be directed to:

SIPC Trustee

Richard H. Huntington, Esquire
Stoel, Rives, Boley, Fraser & Wyse
900 S. W. Fifth Avenue
Portland, Oregon 97204
Telephone: (503) 224-3380