[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Notices]
[Page 492]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-111]



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DEPARTMENT OF LABOR
[Prohibited Transaction Exemption 94-82]


Marshall & Ilsley Trust Company

AGENCY: Department of Labor.

ACTION: Notice of technical correction.

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    On December 5, 1994, the Department of Labor (the Department) 
published in the Federal Register (59 FR 62422) and individual 
exemption which permits: (1) the in-kind transfer of assets of plans 
for which Marshall & Ilsley Trust Company or an affiliate 
(collectively, M&I) serves as a fiduciary (the Client Plans), other 
than plans established and maintained by M&I, that are held in certain 
collective investment funds maintained by M&I (the CIFs), in exchange 
for shares of the Marshall Funds, Inc. (the Funds), an open-end 
investment company registered under the Investment Company Act of 1940, 
for which M&I acts as investment adviser, custodian, and/or shareholder 
servicing agent, in connection with the termination of such CIFs; (2) 
the receipt of fees by M&I from the Funds for acting as an investment 
adviser to the Funds in connection with the investment by the Client 
Plans in shares of the Funds; and (3) the receipt and proposed 
retention of fees by M&I from the Funds for acting as custodian and 
shareholder servicing agent to the Funds as well as for any other 
services to the Funds which are not investment advisory services (i.e. 
``secondary services'') in connection with the investment by the Client 
Plans in shares of the Funds.
    Section I(f) in the first column on 59 FR 62423 should read as 
follows:
    (f) The conditions set forth in paragraphs (e), (f) and (n) of 
Section II below are satisfied.
    For Further Information Contact: Mr. E.F. Williams, of the 
Department, at (202) 219-8194.

    Signed at Washington, DC, this 29th day of December, 1994.
Ivan L. Strasfeld,
Director, Office of Exemption Determinations, Pension and Welfare 
Benefits Administration.
[FR Doc. 95-111 Filed 1-3-95; 8:45 am]
BILLING CODE 4510-29-M