February 2, 1999

Mr. President:

Your CORPORATIONS & TRANSPORTATION COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 7, line 12, strike "investment adviser" and insert in lieu thereof "investment adviser representative".,

and thence referred to the JUDICIARY COMMITTEE.

Respectfully submitted,

__________________________________

Roman M. Maes, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 8 For 0 Against

Yes: 8

No: 0

Excused: Macias, Robinson

Absent: None

S0198CT1 .126811.1