Bevill, Bresler & Sehulman Incorporated 301 South Livingston Avenue Livingston, New Jersey 07039

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On May 8, 1985, the United States District Court for the District of New Jersey appointed a SIPC Trustee for the above-captioned firm.

Please refer to Notice to Members 85-25 regarding the previous appointment of a Temporary Receiver.

Questions regarding the firm should be directed to:

SIPC Trustee

Richard W. Hill, Esquire
McCarter & English
550 Broad Street
Newark, New Jersey 07102
Telephone: (201) 622-4444