Federal Register / Vol. 62, No. 244 / Friday, December 19, 1997 / Notices 66689

1For purposes of this exemption, references to

specific provisions of Title I of the Act, unless

otherwise specified, refer also to the corresponding

provisions of the Code.

2FMG, any division or U.S. affiliate of State Street

that becomes a successor to the activities of FMG,

and the Affiliated Broker Dealers are collectively

referred to, herein, as the SSB Group.

as those obtainable in an arm’s length

transaction with an unrelated party.

(b) The independent fiduciary—

(i) Determines that the acquisition and

subsequent leasing of the Substitute

Property by the Plans under the

Amended Lease are in the best interest

of the Plans and their participants and

beneficiaries;

(ii) Monitors and enforces compliance

with the terms and conditions of the

Amended Lease, the Escrow Agreement

and the new exemption, at all times;

and

(iii) Appoints one or more

independent fiduciaries to resolve any

conflicts of interest which may develop

among the Plans with respect to the

Amended Lease, the Escrow Agreement,

the Property, or the Plans’ respective

interests therein.

(c) The fair market value of the

proportionate interests held by each

Plan in the Property as a whole

following the exchange transaction does

not exceed 25 percent of each Plan’s

assets.

(d) The Property, the Exchange

Property and the Substitute Property are

all appraised by qualified, independent

appraisers prior to the consummation of

the exchange transaction.

(e) The Base Rent for the Property is

adjusted annually by the independent

fiduciary based upon an independent

appraisal of such Property.

(f) FFJ incurs all real estate taxes and

other costs which are incident to the

Amended Lease.

(g) The Escrow Agreement is

maintained by M. Fortunoff, in favor of

the Plans, as security for FFJ’s rental

obligations under the Amended Lease.

The availability of this proposed

exemption is subject to the express

condition that the material facts and

representations contained in the

application for exemption are true and

complete and accurately describe all

material terms of the transactions. In the

case of continuing transactions, if any of

the material facts or representations

described in the application change, the

exemption will cease to apply as of the

date of such change. In the event of any

such change, an application for a new

exemption must be made to the

Department.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant PTE 93–

8, refer to the proposed exemption,

grant notice and technical correction

notice which are cited above.

Signed at Washington, D.C., this 16th day

of December 1997.

Ivan L. Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 97–33180 Filed 12–18–97; 8:45 am]

BILLING CODE 4510–29–M

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Prohibited Transaction Exemption 97–

63; Exemption Application No.

D–10159, et al.; Grant of Individual

Exemptions; State Street Bank

AGENCY: Pension and Welfare Benefits

Administration, Labor.

ACTION: Grant of individual exemptions.

SUMMARY: This document contains

exemptions issued by the Department of

Labor (the Department) from certain of

the prohibited transaction restrictions of

the Employee Retirement Income

Security Act of 1974 (the Act) and/or

the Internal Revenue Code of 1986 (the

Code).

Notices were published in the Federal

Register of the pendency before the

Department of proposals to grant such

exemptions. The notices set forth a

summary of facts and representations

contained in each application for

exemption and referred interested

persons to the respective applications

for a complete statement of the facts and

representations. The applications have

been available for public inspection at

the Department in Washington, D.C. The

notices also invited interested persons

to submit comments on the requested

exemptions to the Department. In

addition the notices stated that any

interested person might submit a

written request that a public hearing be

held (where appropriate). The

applicants have represented that they

have compiled with the requirements of

the notification to interested persons.

No public comments and no requests for

a hearing, unless otherwise stated, were

received by the Department.

The notices of proposed exemption

were issued and the exemptions are

being granted solely by the Department

because, effective December 31, 1978,

section 102 of Reorganization Plan No.

4 of 1978 (43 FR 47713, October 17,

1978) transferred the authority of the

Secretary of the Treasury to issue

exemptions of the type proposed to the

Secretary of Labor.

Statutory Findings

In accordance with section 408(a) of

the Act and/or section 4975 of the Code,

by reason of section 4975(c)(2) of the

Code and the procedures set forth in 29

CFR Part 2570, Subpart B (55 FR 32836,

32847, August 10, 1990) and based upon

the entire record, the Department makes

the following findings:

(a) The exemptions are

administratively feasible;

(b) They are in the interests of the

plans and their participants and

beneficiaries; and

(c) They are protective of the rights of

the participants and beneficiaries of the

plans.

State Street Bank and Trust Company

Located in Boston, Massachusetts

[Prohibited Transaction Exemption 97–63;

Application No. D–10159

Exemption

The restrictions of sections

406(a)(1)(A) through (D) and 406(b)(1)

and (b)(2) of the Act and the sanctions

resulting from the application of section

4975(c)(1)(A) through (E) of the Code,1

shall not apply to the lending of

securities to State Street Bank and Trust

Company (State Street), acting through

its Financial Markets Group (FMG)

(formerly the Money Market Division of

the Capital Markets Area) or acting

through any other division or U.S.

affiliate of State Street that is a

successor to the activities of FMG; and

shall not apply to the lending of

securities to any U.S. registered brokerdealers affiliated with State Street (the

Affiliated Broker Dealers) 2 by employee

benefit plans (the Client Plans or the

Client Plan), including commingled

investment funds holding plan assets for

which State Street, through its Master

Trust Services Division (the Trust

Division) acts as directed trustee or

custodian, and for which State Street,

through its Global Securities Lending

Division or any other similar division of

State Street or U.S. affiliate of State

Street or of its parent (collectively, GSL)

acts as securities lending agent (or subagent); and shall not apply to the receipt

of compensation by GSL in connection

with the transactions; provided that the

following conditions are met:

a. Neither State Street, the SSB Group,

GSL, nor any other division or affiliate

of State Street has or exercises
66690 Federal Register / Vol. 62, No. 244 / Friday, December 19, 1997 / Notices

3 The Department, herein, is not providing relief

for securities lending transactions engaged in by

primary lending agents, other than GSL, beyond

that provided, pursuant to Prohibited Transaction

Class Exemption 81–6 (PTCE 81–6) and Prohibited

Transaction Class Exemption 82–63 (PTCE 82–63).

PTCE 81–6 was granted 46 FR 7527, January 23,

1981, as amended at 52 FR 18754, May 19, 1987.

The Notice of Proposed Exemption for application

numbers D–5598 and D–5776 was published at 46

FR 10570, February 3, 1981. PTCE 82–63 was

granted 47 FR 14804, April 6, 1982. The Notice of

Proposed Class Exemption was published at 46 FR

7518, January 23, 1981, as amended at 46 FR 10570,

February 3, 1981.

discretionary authority or control with

respect to the investment of the assets

of Client Plans involved in the

transaction (other than with respect to

the investment of cash collateral after

securities have been loaned and

collateral received) or renders

investment advice (within the meaning

of 29 CFR 2510.3–21(c)) with respect to

such assets, including decisions

concerning a Client Plan’s acquisition or

disposition of securities available for

loan;

b. Before a Client Plan participates in

a securities lending program and before

any loan of securities to the SSB Group

is effected, the fiduciary of such plan

who is independent of State Street, GSL,

the SSB Group, and any other division

or affiliate of State Street must have:

(1) Authorized and approved the

securities lending authorization

agreement with GSL (the Agency

Agreement), where GSL is acting as the

direct securities lending agent; or

(2) Authorized and approved the

primary securities lending authorization

agreement (the Primary Lending

Agreement) with the primary lending

agent, where GSL is lending securities

under a sub-agency arrangement with

the primary lending agent 3; and

(3) Approved the general terms of the

securities loan agreement (the Loan

Agreement) between such Client Plan

and the borrower, the SSB Group, the

specific terms of which are negotiated

and entered into by GSL;

c. A Client Plan may terminate the

Agency Agreement or the Primary

Lending Agreement at any time, without

penalty to such plan, on five (5)

business days notice;

d. The Client Plan will receive from

the SSB Group (either by physical

delivery or by book entry in a securities

depository, wire transfer or similar

means) by the close of business on or

before the day the loaned securities are

delivered to the SSB Group, collateral

consisting of cash, securities issued or

guaranteed by the U.S. Government or

its agencies or instrumentalities, or

irrevocable bank letters of credit issued

by a person other than State Street or an

affiliate thereof, or any combination

thereof, or other collateral permitted

under PTCE 81–6 (as amended from

time to time or, alternatively, any

additional or superseding class

exemption that may be issued to cover

securities lending by employee benefit

plans);

e. The market value of the collateral

must, as of the close of business on the

preceding business day, initially equal

at least 102 percent (102%) of the

market value of the loaned securities. If

the market value of the collateral falls

below 100 percent (100%) (or such

greater percentage agreed to by the

parties) of the loaned securities, GSL

will require the SSB Group to deliver

additional collateral by the close of

business on the following day such that

the market value of the collateral will

again equal at least 102 percent (102%).

The Loan Agreement will give the Client

Plans a continuing security interest in,

title to, or the rights of a secured

creditor with respect to the collateral

and a lien on the collateral. GSL will

monitor the level of the collateral daily;

f. All GSL’s procedures regarding the

securities lending activities will at a

minimum conform to the applicable

provisions of PTCE 81–6 and PTCE 82–

63;

g. State Street will agree to indemnify

and hold harmless each lending Client

Plan (including the sponsor and

fiduciaries of such Client Plan) against

any and all damages, losses, liabilities,

costs, and expenses (including

attorneys’ fees) which the Client Plan

may incur or suffer directly arising out

of the lending of the securities of such

Client Plan to the SSB Group;

h. The Client Plan will receive the

equivalent of all distributions made to

holders of the borrowed securities

during the term of any loan, including,

but not limited to, cash dividends,

interest payments, shares of stock as a

result of stock splits and rights to

purchase additional securities, or other

distributions;

i. Prior to any Client Plan’s approval

of the lending of its securities to the SSB

Group, a copy of the Notice of Proposed

Exemption (the Notice) and a copy of

the final exemption will be provided to

the Client Plan;

j. Only Client Plans with total assets

having an aggregate market value of at

least $50 million will be permitted to

lend securities to the SSB Group;

k. The terms of each loan of securities

by the Client Plans to the SSB Group

will be at least as favorable to such

plans as those of a comparable arm’slength transaction between unrelated

parties;

l. Each Client Plan will receive

monthly reports on the transactions,

including but not limited to the

information described in paragraph 26

of the Notice, so that an independent

fiduciary of such plan may monitor the

securities lending transactions with the

SSB Group;

m. Before entering into the Loan

Agreement and before a Client Plan

lends any securities to the SSB Group,

an independent fiduciary of such Client

Plan will receive sufficient information,

concerning the financial condition of

State Street, including but not limited to

audited and unaudited financial

statements of State Street’s parent

corporation; and

n. The SSB Group will provide to a

Client Plan prompt notice at the time of

each loan by such plan of any material

adverse changes in State Street’s

financial condition, since the date of the

most recently furnished financial

statements.

For a complete statement of the facts

and representations supporting the

Department’s decision to grant this

exemption refer to the Notice published

on October 2, 1997, 62 FR 51684.

FOR FURTHER INFORMATION CONTACT:

Angelena C. Le Blanc of the Department,

telephone (202) 219–8883 (This is not a

toll-free number.)

Crown American Properties L.P.,

Retirement Savings Plan (the Plan),

Located in Johnstown, PA

[Prohibited Transaction Exemption No. 97–

64; Exemption Application No. D–10454]

Exemption

The restrictions of section 406(a),

406(b)(1) and (b)(2), and section 407(a)

of the Act and the sanctions resulting

from the application of section 4975 of

the Code, by reason of section 4975(c)(1)

(A) through (E) of the Code, shall not

apply to the purchase, holding or sale

by participant-directed accounts in the

Plan of shares of Crown American

Realty Trust (the Crown REIT), an

affiliate of Crown American Properties

L.P. (Crown American), the Plan’s

sponsor and, as such, a party in interest

with respect to the Plan, provided that

the following conditions are met:

(A) Any purchase or sale of the Crown

REIT shares by a participant account (an

Account) is made solely in accordance

with the directions of the participant

whose account is making the purchase

or sale;

(B) Immediately following any

purchase of the Crown REIT shares by

an Account, the percentage of the total

value of the Account invested in the

Crown REIT shares does not exceed 25

percent, as measured based on the value

of the assets held by such Account as of

the close of the prior business day;
Federal Register / Vol. 62, No. 244 / Friday, December 19, 1997 / Notices 66691

4The Primary Exchange is currently the New

York Stock Exchange (NYSE).

(C) Compliance with the terms and

conditions of this exemption, including

the 25 percent limit described in

Paragraph (B) above, is monitored by

PNC Bank, National Association, as the

Plan’s trustee, which is independent of

the Crown REIT and Crown American or

any affiliate thereof;

(D) With respect to any decisions

made by a Plan participant for a

purchase or sale of Crown REIT shares

by an Account, neither Crown

American, PNC, nor any of their

affiliates has discretionary authority or

control with respect to the investment of

the Plan assets involved in the

transaction, other than as required for

PNC to monitor and enforce compliance

with the 25 percent limit described in

Paragraph (C) above, or renders any

investment advice [within the meaning

of 29 CFR 2510.3–21(c)] with respect to

those assets;

(E) All purchases and sales of the

Crown REIT shares by the Plan are

executed:

(1) For cash;

(2) On the national exchange on

which the Crown REIT shares are

primarily traded (the Primary

Exchange);4 and

3) At the prevailing market price for

the Crown REIT shares on the Primary

Exchange at the time of the transaction;

(F) Notwithstanding the provisions

contained in (E) above, purchases and

sales of the Crown REIT shares may

occur between the Accounts within the

Plan in order to avoid brokerage

commissions and other transaction

costs, provided that the price received

by each Account is equal to the closing

price for the Crown REIT shares on the

Primary Exchange on the date of the

transaction;

(G) Crown American maintains for a

period of six years the records necessary

to enable the persons described below

in paragraph (H) to determine whether

the conditions of this exemption have

been met, except that (1) a prohibited

transaction will not be considered to

have occurred if, due to circumstances

beyond the control of Crown American,

the records are lost or destroyed prior to

the end of the six-year period, and (2)

no party in interest other than Crown

American or affiliate shall be subject to

the civil penalty that may be assessed

under section 502(i) of the Act or to the

taxes imposed by section 4975 (a) and

(b) of the Code if the records are not

maintained or are not available for

examination as required by paragraph

(H) below; and

(H)(1) Except as provided below in

paragraph (H)(2) and notwithstanding

any provisions of section 504(a)(2) of

the Act, the records referred to in

paragraph (G) are unconditionally

available at their customary location for

examination during normal business

hours by—

(i) Any duly authorized employee or

representative of the Department or the

Internal Revenue Service,

(ii) Any fiduciary of the Plan or any

duly authorized employee or

representative of such fiduciary, and

(iii) Any participant or beneficiary of

the Plan or duly authorized employee or

representative of such participant or

beneficiary;

(2) None of the persons described in

paragraph (H)(1) (ii) and (iii) shall be

authorized to examine trade secrets of

crown American, or commercial or

financial information which is

privileged or confidential.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption refer to the notice of

proposed exemption published on

October 2, 1997 at 62 FR 51693.

Written Comments: The applicant

submitted a comment letter noting that

Condition (F) in the notice of proposed

exemption (the Proposal) refers to the

NYSE, which is an undefined term in

the text of the operative language of the

Proposal. The term ‘‘NYSE’’ is defined

in paragraph 3 of the summary of facts

and representations for the Proposal (see

62 FR at 51694) as being the New York

Stock Exchange, which is currently the

Primary Exchange for purposes of the

requirements contained in Condition

(E)(2) and (E)(3) as well as Condition

(F). Thus, the Department has deleted

the reference to ‘‘NYSE’’ in Condition

(F) and substituted the term ‘‘Primary

Exchange’’ in order to be consistent

with other references to that term in the

exemption text (also see footnote).

The applicant’s letter has also

provided some minor clarifications for

the record, as discussed in the summary

of facts and representations for the

Proposal, concerning the average daily

trading volume of the Crown REIT

shares, the current percentage

ownership of Crown American, and the

outstanding stock of the Crown REIT.

Interested persons may obtain copies of

this information from the exemption

application file, which is available to

the public in the Public Disclosure

Room of the Pension and Welfare

Benefits Administration, Room N–5638,

U.S. Department of Labor, 200

Constitution Avenue, NW., Washington,

DC 20210.

FOR FURTHER INFORMATION CONTACT: Mr.

E. F. Williams of the Department,

telephone (202) 219–8194. (This is not

a toll-free number.)

Valley Forge Consulting Corporation,

Profit Sharing Trust (the Plan), Located

in King of Prussia, PA

[Prohibited Transaction Exemption 97–65;

Exemption Application No. D–10466]

Exemption

The restrictions of sections 406(a),

406(b)(1) and (b)(2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1) (A) through (E) of

the Code, shall not apply to the

proposed sale of a first mortgage note

(the Note) by the individually-directed

account (the Account) in the Plan of

Steven R. Eyer to Mr. Eyer, provided—

(a) The terms of the transaction are at

least as favorable to the Account as

those obtainable in an arm’s length

transaction with an unrelated party.

(b) The Account is not required to pay

any fees, commissions or other expenses

in connection with the sale.

(c) The sale of Note represents a onetime transaction for cash.

(d) The fair market value of the Note

is determined by a qualified,

independent appraiser.

(e) As consideration for the Note, the

Account receives an amount that is no

less than the fair market value of the

Note as of the date of the sale.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the notice of

proposed exemption published on

October 20, 1997 at 62 FR 54478.

FOR FURTHER INFORMATION CONTACT: Ms.

Jan D. Broady of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

Profit Sharing Keogh Plan of Richard D.

Wickerham, Esq. (the Plan), Located in

Schenectady, New York

[Prohibited Transaction Exemption 97–66;

Exemption Application No. D–10505]

Exemption

The sanctions resulting from the

application of section 4975 of the Code,

by reason of section 4975(c)(1)(A)

through (E) of the Code, shall not apply

to: (1) Two loans (the Loans) (the Loans)

totaling $50,000 by the Plan to Mr.

Richard D. Wickerham (Mr.

Wickerham), a disqualified person with

respect to the Plan, and (2) the personal

guarantee of the Loans by Mr.

Wickerham, provided the following

conditions are satisfied: (1) The terms of

the Loans are at least as favorable to the
66692 Federal Register / Vol. 62, No. 244 / Friday, December 19, 1997 / Notices

5Since Mr. Wickerham is the sole owner of the

Plan sponsor and the only participant in the Plan,

there is no jurisdiction under Title I of the act

pursuant to 29 CFR 2510.3–3(b). However, there is

jurisdiction under Title II of the Act pursuant to

section 4975 of the Code.

Plan as those obtainable in arm’s-length

transactions with an unrelated party; (b)

the Loans do not exceed 25% of the

assets of the Plan; (c) the first Loan

(Loan 1) is secured by a second

mortgage on certain real property which

has been appraised by a qualified

independent appraiser to have a fair

market value not less than 150% of the

amount of Loan 1 plus the balance of

the first mortgage which it secures; (d)

the second Loan (Loan 2) is secured by

certain personal property which has a

fair market value, as determined by a

qualified independent appraiser, of not

less than 200% of Loan 2; (e) the fair

market value of the collateral remains at

least equal to the percentages described

in conditions (c) and (d), above,

throughout the duration of the Loans;

and (f) Mr. Wickerham is the only Plan

participant to be affected by the Loan

transactions.5

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the notice of

proposed exemption published on

November 4, 1997 at 62 FR 59742.

FOR FURTHER INFORMATION CONTACT: Gary

H. Lefkowitz of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest or

disqualified person from certain other

provisions to which the exemptions

does not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(B) of the Act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) These exemptions are

supplemental to and not in derogation

of, any other provisions of the Act

and/or the Code, including statutory or

administrative exemptions and

transactional rules. Furthermore, the

fact that a transaction is subject to an

administrative or statutory exemption is

not dispositive of whether the

transaction is in fact a prohibited

transaction; and

(3) The availability of these

exemptions is subject to the express

condition that the material facts and

representations contained in each

application accurately describes all

material terms of the transaction which

is the subject of the exemption.

Signed at Washington, D.C., this 16th day

of December, 1997.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

Department of Labor.

[FR Doc. 97–33181 Filed 12–18–97; 8:45 am]

BILLING CODE 4510–29–M

NATIONAL COMMISSION ON

LIBRARIES AND INFORMATION

SCIENCE

Sunshine Act Meeting

TIME, DATE, AND PLACE: 29 January 1998,

9:00 a.m. to 4:00 p.m.; 30 January 1998,

9:00 a.m. to 3:00 p.m.; Central Arkansas

Library System, 100 Rock Street, Little

Rock, Arkansas.

MATTERS TO BE DISCUSSED: NCLIS

Planning Meeting; Day 1: Focus on the

Commissioners; Day 2: Focus on the

Commission’s Action Plan; NCLIS

Business Meeting.

To request further information or to

make special arrangements for

physically challenged persons, contact

Barbara Whiteleather (202–606–9200)

no later than one week in advance of the

meeting.

Dated: 15 December 1997

Jane Williams,

Acting Executive Director.

[FR Doc. 97–33293 Filed 12–17–97; 9:22 am]

BILLING CODE 7527–01–M

NATIONAL FOUNDATION ON THE

ARTS AND THE HUMANITIES

Meetings of Humanities Panel

AGENCY: National Endowment for the

Humanities.

ACTION: Notice of meetings.

SUMMARY: Pursuant to the provisions of

the Federal Advisory Committee Act

(Pub. L. 92–463, as amended), notice is

hereby given that the following

meetings of the Humanities Panel will

be held at the Old Post Office, 1100

Pennsylvania Avenue, N.W.,

Washington, D.C. 20506.

FOR FURTHER INFORMATION CONTACT:

Nancy E. Weiss, Advisory Committee

Management Officer, National

Endowment for the Humanities,

Washington, D.C. 20506; telephone

(202) 606–8322. Hearing-impaired

individuals are advised that information

on this matter may be obtained by

contacting the Endowment’s TDD

terminal on (202) 606–8282.

SUPPLEMENTARY INFORMATION: The

proposed meetings are for the purpose

of panel review, discussion, evaluation

and recommendation on applications

for financial assistance under the

National Foundation on the Arts and

Humanities Act of 1965, as amended,

including discussion of information

given in confidence to the agency by the

grant applicants. Because the proposed

meetings will consider information that

is likely to disclose: (1) Trade secrets an

commercial or financial information

obtained from a person and privileged

or confidential; or (2) information of a

personal nature the disclosure of which

would constitute a clearly unwarranted

invasion of personal privacy, pursuant

to authority granted me by the

Chairman’s Delegation of Authority to

Close Advisory Committee meetings,

dated July 19, 1993, I have determined

that this meeting will be closed to the

public pursuant to subsections (c)(4),

and (6) of section 552b of Title 5, United

States Code.

1. Date: January 5, 1998.

Time: 8:30 a.m. to 5:00 p.m.

Room: 315.

Program: This meeting will review

applications for Collaborative Research

for Ancient Civilizations submitted to

the Division of Research and Education,

for projects at the September 1, 1997

deadline.

2. Date: January 6, 1998.

Time: 9:00 a.m. to 5:00 p.m.

Room: 430.

Program: This meeting will review

applications for Education Development

and Demonstration for Interdisciplinary

II, submitted to the Division of Research

and Education, for projects at the

October 1, 1997 deadline.

3. Date: January 6, 1998.

Time: 8:30 a.m. to 5:00 p.m.

Room: 315.

Program: This meeting will review

applications for Collaborative Research

for Non-Western Cultures, submitted to

the Division of Research and Education,

for projects at the September 1, 1997

deadline.

4. Date: January 7, 1998.

Time: 8:30 a.m. to 5:00 p.m.

Room: 315.

Program: This meeting will review

applications for Collaborative Research