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Notice To Members 91-7

SUGGESTED ROUTING:*

Internal Audit
Operations
Systems
Trading
*These are suggested departments only. Others may be appropriate for your firm.

As of December 12, 1990, the following six issues joined Nasdaq/NMS, bringing the total number of issues to 2,587:

Notice To Members 91-8

SUGGESTED ROUTING:*

Corporate Finance
Government Securities
Internal Audit
Legal & Compliance
Municipal
Mutual Fund
Operations
Options
Registration
Research
Syndicate
Systems
Trading
Training
*These are suggested departments only. Others may be appropriate for your firm.

Notice To Members 91-9

SUGGESTED ROUTING:*

Senior Management
Legal & Compliance
Registration
*These are suggested departments only. Others may be appropriate for your firm.

EXECUTIVE SUMMARY

The NASD requests comments on changes to the definition of "Executive Representative" that are intended to better assure proper communication with members on important matters.