Vantage Securities of Colorado, Inc. 7000 E. Belleview Avenue, #307 Englewood, Colorado

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On November 30, 1984, the United States District Court for the District of Colorado appointed a SIPC Trustee for the above captioned firm.

Members may use the "immediate close-out" procedures as provided in Section 59(i) of the NASD's Uniform Practice Code to close-out open OTC contracts. Also, MSRB Rule G-12 (h)(iv) provides that members may use the above procedures to close-out transactions in municipal securities.

Questions regarding the firm should be directed to:

SIPC Trustee

Glen E. Keller, Jr., Esquire
Davis, Graham & Stubbs
2600 Colorado National Building
950 Seventeenth Street
P.O. Box 185
Denver, Colorado 80201
Telephone: (303) 892-9400