SECURITIES AND EXCHANGE COMMISSION

          17 CFR Part 232

          [Release Nos. 33-7411; 34-38465; 35-26699; 39-2351; IC-22595]

          RIN 3235-AG96

          Adoption of Updated EDGAR Filer Manual; Correction and Further

          Delay of Implementation

          AGENCY:   Securities and Exchange Commission

          ACTION:   Final rule; correction and further delay of

          implementation 

          SUMMARY:  The Commission is postponing the implementation of an

          updated edition of the EDGAR Filer Manual which was published in

          the Federal Register on February 27, 1997 [62 FR 8877] and March

          24, 1997 [62 FR 13820] in order to resolve technical issues,

          resulting from a power outage, that delayed system implementation

          from March 24, 1997 to April 14, 1997 and is correcting a

          typographical error in an instruction to the amendatory language

          for  232.301.   

          DATES:  The correction to  232.301 is effective March 10, 1997. 

          The implementation of the new edition of the EDGAR Filer Manual

          is delayed until April 14, 1997.

          FOR FURTHER INFORMATION CONTACT:  In the Office of Information

          Technology, David T. Copenhafer at (202) 942-8800; for questions

          concerning investment company filings, Ruth Armfield Sanders,

          Senior Counsel, Division of Investment Management, at (202) 942-

          0591; and for questions with respect to documents subject to

          review by the Division of Corporation Finance, Margaret R. Black

          at (202) 942-2940.















                                          2



          SUPPLEMENTARY INFORMATION:  On February 21, 1997, the Commission

          announced the adoption of an updated EDGAR Filer Manual ("Filer

          Manual"), which sets forth the technical formatting requirements

          governing the preparation and submission of electronic filings

          through the Electronic Data Gathering, Analysis, and Retrieval

          ("EDGAR") system.[1]  Compliance with the provisions of the

          Filer Manual is required in order to assure the timely acceptance

          and processing of filings made in electronic format.  Filers

          should consult the Filer Manual in conjunction with the

          Commission's rules governing mandated electronic filing when

          preparing documents for electronic submission.[2]

                              
          ____________________

          [1]  The Filer Manual  originally was adopted  on April 1,  1993,
               and became effective on 
               April 26, 1993.  Release No. 33-6986  (April 1, 1993) [58 FR
               18638].   The  most recent  update to  the Filer  Manual was
               adopted in  Release No. 33-7394  (February 21, 1997)  [62 FR
               8877], and became effective on March 10, 1997.  On March 19,
               1997,  the  Commission  issued  a   release  correcting  and
               delaying the  implementation of the EDGAR Filer Manual.  See
               Release No. 33-7405 (March 19,  1997) 62 FR 13820 (March 24,
               1997).

          [2]  See  Release Nos. 33-6977 (February 23, 1993) [58 FR 14628],
               IC-19284   (February  23,  1993)  [58  FR  14848],  35-25746
               (February 23, 1993) [58 FR 14999], and 33-6980 (February 23,
               1993)  [58 FR 15009]  for a  comprehensive treatment  of the
               rules   adopted   by  the   Commission   governing  mandated
               electronic filing.   See also Release No.  33-7122 (December
               19, 1994)  [59 FR 67752],  in which the Commission  made the
               EDGAR rules final and applicable to all domestic registrants
               and adopted minor amendments to the EDGAR rules; Release No.
               33-7394, in  which the  Commission adopted  the most  recent
               update   to  the  Filer  Manual;  and  Release  No.  33-7369
               (December 5,  1996) [61 FR  65440], in which  the Commission
               proposed additional minor technical  amendments to the EDGAR
               rules.















                                          3



               A power outage that occurred at 4:30 a.m. on March 21, 1997

          prevented system implementation on March 24, 1997.  The

          Commission, therefore, is postponing the implementation of the

          Filer Manual from March 24, 1997 to April 14, 1997.

               An incorrect page reference in the March 24th issue is being

          corrected for  232.301.

               Need for Correction

               As published, the correction to the final regulations

          contains an error which may prove to be misleading and is in need

          of clarification.

               Correction of Publication

               Accordingly, the publication of March 24, 1997 of the final

          regulations, which were the subject of FR Doc. No. 97-7340, is

          corrected as follows:

                232.301 [Corrected]

               On page 13821, second column, in the amendatory instruction

          to  232.301, first line, page "8876" is corrected to read "8878".



                                                  Jonathan G. Katz

                                                  Secretary
          April 2, 1997