[Federal Register Volume 65, Number 47 (Thursday, March 9, 2000)]
[Notices]
[Pages 12596-12597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-5909]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission

[[Page 12597]]

will hold the following meetings during the week of March 13, 2000.
    An open meeting will be held on Wednesday, March 15, 2000 at 10:00 
a.m. in Room 600. A closed meeting will be held on Thursday, March 16, 
2000 at 11:00 a.m.
    The subject matter of the open meeting scheduled for Wednesday, 
March 15, 2000 is:

    Consideration of whether to propose amendments to Form N-1A 
under the Investment Company Act of 1940 and the Securities Act of 
1933, Rule 482 under the Securities Act of 1933, and Rule 34b-1 
under the Investment Company Act of 1940. The amendments would 
improve disclosure to investors of the effect of taxes on the 
performance of open-end management investment companies (``mutual 
funds'' or ``funds''). Under the proposed amendments, mutual funds 
would be required to disclose standardized after-tax returns in the 
risk/return summary of the prospectus and in Management's Discussion 
of Fund Performance, which is typically located in the annual 
report. The proposal also would require funds that chose to include 
after-tax returns in advertisements and other sales materials to 
include standardized after-tax returns. For further information, 
contact Maura S. McNulty, Division of Investment Management, at 
(202) 942-0721.

    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(4), (8), (9)(A) and (10) and 17 CFR 200.402(a)(4), 
(8), (9)(A) and (10), permit consideration for the scheduled matters at 
the closed meeting.
    Commissioner Johnson, as duty officer, voted to consider the items 
listed for the closed meeting in a closed session.
    The subject matters of the closed meeting scheduled for Thursday, 
March 16, 2000 are:

Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings of an 
enforcement nature; and
A litigation matter.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items. For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact:

    Dated: March 7, 2000.
Jonathan G. Katz,
Secretary.
[FR Doc. 00-5909 Filed 3-7-00; 12:37 p.m.]
BILLING CODE 8010-01-M