[Federal Register Volume 63, Number 99 (Friday, May 22, 1998)] [Notices] [Page 28415] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-13745] ----------------------------------------------------------------------- DEPARTMENT OF LABOR Pension and Welfare Benefits Administration [Prohibited Transaction Exemption 98-17; Exemption Application No. D- 10412] Grant of Individual Exemption for the Metropolitan Life Insurance Company (MetLife) AGENCY: Pension and Welfare Benefits Administration, Department of Labor. ACTION: Notice of technical correction. ----------------------------------------------------------------------- On April 22, 1998, the Department published in the Federal Register at 63 FR 19955, a notice granting an individual exemption (the Grant Notice) which would permit, effective April 1, 1997, (1) the purchase or retention by an employee benefit plan (the Plan); and (2) the sale or continuation by MetLife or an affiliate, of a synthetic guaranteed investment contract entered into between the Plan and MetLife under which MetLife guarantees certain amounts. With respect to the information contained in the Grant Notice, the Department notes that there are several typographical errors in the paragraph captioned EFFECTIVE DATE: which appears in the second column of the Grant Notice on page 19956. As currently drafted, the paragraph states that ``If granted, this exemption is effective as of April 1, 1996.'' Because the operative language of the Grant Notice states that the effective date of the exemption is April 1, 1997, the Department believes the captioned paragraph should be revised accordingly as follows: EFFECTIVE DATE: This exemption is effective as of April 1, 1997. FOR FURTHER INFORMATION CONTACT: Ms. Jan D. Broady of the Department, telephone (202) 219-8881. (This is not a toll-free number.) Signed at Washington, D.C., this 18th of May, 1998. Ivan L. Strasfeld, Director of Exemption Determinations, Pension and Welfare Benefits Administration, U.S. Department of Labor. [FR Doc. 98-13745 Filed 5-21-98; 8:45 am] BILLING CODE 4510-29-P