FOR IMMEDIATE RELEASE                                  97-103



                 FEE RATE ADVISORY - NOVEMBER 17 UPDATE 


Washington, D.C., November 17, 1997 -- The current continuing resolution has
been extended through November 26.  As a result of this extension, the fee rate
for Section 6(b) filings will remain at the current rate of 1/33rd of one percent of
the aggregate offering amount.  This fee is calculated by dividing the aggregate
offering amount by 3300.

This rate will be in effect until the pending appropriations bill is enacted or another
continuing resolution is enacted.  When the appropriations bill (which has been
passed by the Congress but not yet signed by the President) is enacted, the fee
rate will be decreased to $295 per $1,000,000 (pro rated for amounts less than
$1,000,000).  This fee will be calculated by multiplying the aggregate offering
amount by .000295.

The Commission will issue further notices as appropriate to keep filers and
registrants informed of developments affecting the Section 6(b) fee rate.  This
information will be posted at the SEC's internet address

                  http://www.sec.gov

In the interim, filers and registrants should contact the Office of Filings and
Information Services, Filer Support Unit at (202) 942-8900 if they have any
questions.



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