Executive Summary

As of April 27, 1994, the following 66 issues joined the Nasdaq National Market^®, bringing the total number of issues to 3,610:

As of April 29, 1994, the following bonds were added to the Fixed Income Pricing System^SM:

Executive Summary

Executive Summary

Executive Summary

Executive Summary

Effective July 11, 1994, tier sizes for 500 Nasdaq National Market (NNM) securities will be revised in accordance with ¶2451a7 of the Rules of Practice and Procedure for the Small Order Execution System (SOES^SM).

The Nasdaq Stock Market™ and the securities exchanges will be closed on Monday, July 4, 1994, in observance of Independence Day. "Regular way" transactions made on the preceding business days will be subject to the settlement date schedule listed below.

As of May 25, 1994, the following bonds were added to the Fixed Income Pricing System. These bonds are not subject to mandatory quotation: