Mid-Year Rate Adjustment for Fees Paid under Section 31 of the Exchange Act

The SEC has determined the mid-year rate adjustment and, effective April 1, 2008, the Section 31 rate applicable to securities transactions will decrease from $11.00 per million to $5.60 per million.

Questions concerning this Notice may be directed to Rob Renner, FINRA Senior Director of Accounting Operations, at (240) 386-5303.