TO: All NASD Members and Municipal Securities Bank Dealers

ATTN: All Operations Personnel

The schedule of trade dates/settlement dates below reflects the observance by the financial community of Martin Luther King, Jr.'s Day, Monday, January 18, 1988. On January 18, the NASDAQ System and the exchange markets will be open for trading. However, it will not be a settlement date since many of the nation's banking institutions will be closed.

Trade Date-Settlement Date Schedule For "Regular Way" Transactions

TO: All NASD Members and Other Interested Persons

ATTN: Operations Principal, Cashier

EXECUTIVE SUMMARY

TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, January 19, 1988, the following four issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 3,040:

TO: All NASD Members and Other Interested Persons

LAST DATE FOR COMMENT: FEBRUARY 14, 1988.

EXECUTIVE SUMMARY

The NASD requests comments on a proposed NASD Rule of Fair Practice that would require all persons associated with a member firm to provide prior written notice to the firm of certain outside business activities.

TO: NASD Members and Other Interested Persons

BACKGROUND

On January 11, 1988, the Securities and Exchange Commission approved the Order Confirmation Transaction (OCT) service, a new communications enhancement for the NASDAQ System.

The SEC granted approval for a period of 90 days under the accelerated approval provisions of the Securities Exchange Act of 1934. During this 90-day period, the SEC is soliciting public comment as a basis for taking final action on the service.

TO: All NASD Members and Other Interested Persons

The following are NASD Notices to Members issued during 1987. Requests for copies of any notice should be accompanied by a self-addressed mailing label and directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006-1506.

TO: All NASD Members and Other Interested Persons

LAST DATE FOR COMMENT: FEBRUARY 20, 1988.

BACKGROUND AND EXPLANATION OF AMENDMENTS

TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, February 2, 1988, the following six issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 3,040:

TO: All NASD Members and Other Interested Persons

The National Association of Securities Dealers, Inc., is relocating its New York staff from its current World Trade Center location to new offices. The new address is:

NASD Financial Center
33 Whitehall Street
New York, New York 10004
Telephone Number: (212) 858-4000

The relocation will be accomplished in stages as follows:

TO: All NASD Members and Other Interested Persons

LAST DATE FOR COMMENT: MARCH 1, 1988.

EXECUTIVE SUMMARY