SEC Open Meeting Agenda
Wednesday, July 17, 2002, 10:00 a.m.

Agenda as of July 16, 2002. Note that Open Meeting agendas are subject to last-minute changes.

Item 1:	Custody of Funds or Securities of Clients by Investment Advisers Office:  Division of Investment Management Staff:  Robert E. Plaze, Jennifer L. Sawin, Jamey Basham, Vivien Liu
Item 2:	Investment Company Mergers Office:  Division of Investment Management Staff:  Robert E. Plaze, C. Hunter Jones, Martha B. Peterson, Robert S. Kim
Item 3:	Exemption for Standardized Options from Provisions of the Securities Act of 1933 and from the Registration Requirements of the Securities Exchange Act of 1934 Office:  Division of Corporation Finance Staff:  Elizabeth Murphy, N. Sean Harrison
Item 4:	Amended System of Records for Enforcement Files Office:  Division of Enforcement Staff:  Joan E. McKown, Gretta Powers, Kenneth H. Hall

Item 1: Custody of Funds or Securities of Clients by Investment Advisers

The Commission will consider whether to propose amendments to rule 206(4)-2, the custody rule under the Investment Advisers Act of 1940, to enhance the protections afforded to advisory clients' assets, harmonize the rule with current custodial practices, and clarify circumstances under which advisers have custody of client assets.

For further information, please contact Vivien Liu at (202) 942-0664.

Item 2: Investment Company Mergers

The Commission will consider whether to adopt amendments to rule 17a-8 under the Investment Company Act of 1940. The proposed amendments to rule 17a-8 would expand the types of business combinations permitted by the rule and make the rule available for mergers between registered investment companies and certain unregistered entities. The proposed amendments to rule 17a-8 are designed to reduce burdens on investment companies by permitting investment companies to enter into mergers that present little risk of overreaching without first obtaining an exemptive order from the Commission.

For further information, please contact Robert S. Kim at (202) 942-7961.

Item 3: Exemption for Standardized Options from Provisions of the Securities Act of 1933 and from the Registration Requirements of the Securities Exchange Act of 1934

The Commission will consider whether to propose exemptions for most standardized options from provisions of the Securities Act of 1933 and from the registration requirements of the Securities Exchange Act of 1934. The proposals would ensure comparable regulatory treatment of standardized options and security futures products.

For further information, please contact N. Sean Harrison at (202) 942-2910.

Item 4: Amended System of Records for Enforcement Files

The Commission will consider whether to amend the Privacy Act System of Records for Enforcement Files (SEC-42) to clarify that disclosures may be made in connection with debt collection activities, including disclosures to credit reporting bureaus, to update statutory and regulatory references and addresses of system administrators, and to append a statement regarding previously published Privacy Act exemptions claimed for the system.

For further information, please contact Kenneth H. Hall at (202) 942-4635.