1997 Direct Participation Program Directory

Executive Summary

The NASD^® is publishing a direct participation program (DPP or limited partnership) directory in anticipation of the quotation of DPP securities on the OTC Bulletin Board^® Service (OTCBB^®) and the commencement of trade reporting of transactions in DPPs on May 15, 1997. Members should refer to Notice to Members 97-8 for a complete discussion of the procedures for the quotation and transaction reporting of DPPs. (The directory follows this Notice.)

General Information

The DPP Directory contains a list of DPPs and their NASD-assigned symbols. The symbols are intended to be used by broker/dealers, transfer agents, and general partners to facilitate the transfer and registration of limited partnership interests. In addition, the symbols will help members identify limited partnership interests when they transfer customer accounts between brokers and comply with NASD trade reporting requirements. Due to the large number of limited partnerships, it was not possible to assign symbols in the familiar phonetic system. Consequently, the symbols assigned do not have an alphabetical resemblance to the name of the partnership.

Reporting Requirements

Transactions in limited partnerships are to be reported through the Automated Confirmation Transaction Service^SM (ACT^SM) pursuant to NASD Rule 6920. Additional information regarding trade reporting may be obtained by contacting MarketWatch at (800) 211-4953. Members that need to report a trade in a DPP for which a symbol has not yet been assigned should request a symbol by contacting the Market Data Integrity Department at (203) 375-9609.

Dividend Ex-Date Information

Limited partnerships have not traditionally publicly announced the timing and amounts of distributions. The following codes will be used on the OTCBB if such information becomes available in the future.

Note: Dividends and other such information will be displayed on the ex-date only.

Accessing The Automated Symbol Directory

In addition to this Notice, limited partnership symbols can also be found by using the OTCBB automated directory. For additional assistance, users can call the Help Desk at (800) 219-4861.

To access the automated directory from the Nasdaq Workstation II^TM pull-down menu:

• Select InfoServices.



• Select Directories.

To obtain a symbol when you know the security name:

• Select Search By: Security Name.



• Select Security Types: OTCBB only.



• Type the security name (the full name or just the first letter or letters) in the Search For: box.



• Click on the Search button.

To obtain a security name when you know the security symbol:

• Select Search By: Security Symbol.



• Select Security Types: OTCBB only.



• Type the security symbol (the full symbol or just the first letter or letters) in the Search For: box.



• Click on the Search button.

Result: The directory displays all non-Nasdaq securities and their symbols in alphabetical order, beginning with the letters typed, even if your entry is only part of a name, e.g., "Bal" for Balcor.

In addition, the automated directory displays the following information to the left of the symbol:

• (#) indicates that members can register quotes in these securities on-line.



• (*) indicates the issue is eligible for the OTCBB but members must first register by filing a Form 2 11 with the OTC Compliance Unit—call (301) 208-2802 for information.

Note: If there is no indicator, the issue is not currently quoted in OTC Bulletin Board.

Abbreviations

The following list shows the abbreviations that are used in the directory:

DPP Directory