FROM THE OFFICE OF PUBLIC AFFAIRS

The United States and the United Kingdom have scheduled negotiations of anew income tax treaty in Washington in January, 1999. A new treaty would replace the treatycurrently in force between the two countries, which has been in effect since 1975. The twoGovernments have decided that the current treaty needs to be modernized to take account ofdevelopments in both countries' tax systems and policies since then. The Treasury Department invites comments from the public regarding the upcomingnegotiations. Persons wishing to comment on the proposed treaty are invited to send theirwritten comments to Joseph H. Guttentag, Deputy Assistant Secretary (International TaxAffairs), Room 1334 Main Treasury, Washington DC 20220. They may also submit commentsby fax to (202) 622-0605, or by e-mail to Joseph.Guttentag@treas.sprint.com.