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Enhanced Disclosure Proposed For Mutual Fund Front-End Sales Load Breakpoints

January 28, 2004

By Investment Management Practice Group

On December 17, 2003, the Securities and Exchange Commission proposed new disclosure requirements to improve the information about “breakpoints” available to investors in mutual funds. “Breakpoints” are the investment levels that investors must achieve in order to receive a reduced front-end sales loadshares through a broker-dealer or other financial intermediary and are charged a front-end sales load for doing so, the proposed disclosure is potentially important to many investors.

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