Federal Register / Vol. 65, No. 215 / Monday, November 6, 2000 / Notices 66573

financial disclosure statements to avoid

conflict-of-interest issues.

Dated at Washington, DC, this 31st Day of

October, 2000.

For the Nuclear Regulatory Commission.

Andrew L. Bates,

Advisory Committee Management Officer,

Office of the Secretary of the Commission.

[FR Doc. 00–28356 Filed 11–3–00; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

[NUREG–1671]

Standard Review Plan for the

Recertification of the Gaseous

Diffusion Plants Notice of Availability

AGENCY: Nuclear Regulatory

Commission.

ACTION: Notice of availability.

SUMMARY: Because of significant changes

resulting from previous public

comment, the Nuclear Regulatory

Commission (NRC) is offering the

opportunity for additional public review

and comment on the revised Section

6.0, ‘‘Technical Safety Requirements,’’

and Section 8.0, ‘‘Nuclear Criticality

Safety,’’ of the draft report NUREG–1671

entitled, ‘‘Standard Review Plan for the

Recertification of the Gaseous Diffusion

Plants.’’ (GDPs)

DATES: Submit comment to the address

listed below by December 6, 2000.

Comments received after this date will

be considered if it is practical to do so,

but the Commission is able to ensure

consideration only for comments

received on or before this date.

ADDRESSES: Mail written comments to:

Chief, Rules and Directives Branch, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555–0001. Hand

deliver comments to 11545 Rockville

Pike, Rockville, Maryland 20852,

between 7:30 am and 4:15 pm during

Federal workdays.

Draft NUREG–1671 is available for

inspection and copying for a fee at the

NRC public document room (PDR),

located at the NRC’s headquarters

building, One White Flint North, 11555

Rockville Pike, Rockville, MD 20852. A

copy of the draft revised Sections 6.0

and 8.0 may also be obtained from the

NRC’s website for the Division of Fuel

Cycle Safety and Safeguards at: http://

www.nrc.gov/NMSS/FCSS/

fcssindex.html or from the Agency’s

document management system, called

ADAMS, at: http://www.nrc.gov/NRC/

ADAMS/index.html.

FOR FURTHER INFORMATION CONTACT:

Christopher Tripp, Office of Nuclear

Material Safety and Safeguards, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555, telephone: (301)

415–7733.

Dated at Rockville, Maryland, this 25th day

of October, 2000.

For the Nuclear Regulatory Commission.

Eric J. Leeds,

Chief, Special Projects Branch, Division of

Fuel Cycle Safety and Safeguards, Office of

Nuclear Material Safety and Safeguards.

[FR Doc. 00–28359 Filed 11–3–00; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–24719; File No. 812–11982]

AIG Life Insurance Company, et al.

October 30, 2000.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’ or ‘‘Commission’’).

ACTION: Notice of application for an

order pursuant to Section 6(c) of the

Investment Company. Act of 1940 (the

‘‘Act’’) granting exemptions from the

provisions of Sections 2(a)(32), 22(c),

and 27(i)(2)(A) of the Act and Rule 22c–

1 thereunder.

APPLICANTS: AIG Life Insurance

Company (‘‘AIG’’), Variable Account I

(‘‘Variable Account’’), American

International Life Assurance Company

of New York (‘‘AIL’’) and AIG Equity

Sales Corp. (‘‘AIGESC’’).

SUMMARY OF APPLICATION: Applicants

seek an order of exemption pursuant to

Section 6(c) of the Act to the extent

necessary to permit the recapture, under

specified circumstances, of credits

applied to premium payments made

under the flexible premium deferred

variable annuity contract described

herein that AIG will issue through the

Variable Account (the ‘‘Contract’’), as

well as other contracts that AIG or AIL

may issue in the future through their

existing or future separate accounts

(‘‘Other Accounts’’) that are

substantially similar in all material

respects to the Contract (‘‘Future

Contracts’’). Applicants also request that

the order being sought extend to any

other National Association of Securities

Dealers, Inc. (‘‘NASD’’) member brokerdealer controlling or controlled by, or

under common control with, AIG,

whether existing or created in the

future, that serves as distributor or

principal underwriter for the Contract or

Future Contracts (‘‘Affiliated BrokerDealers’’).

FILING DATE: The application was filed

on February 17, 2000, and was amended

and restated on October 10, 2000.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving Applicants with a

copy of the request, in person or by

mail. Hearing requests must be received

by the SEC by 5:30 p.m. on November

21, 2000, and should be accompanied

by proof of service on Applicants in the

form of an affidavit or, for lawyers, a

certificate of service. Hearing requests

should state the nature of the writer’s

interest, the reason for the request, and

the issues contested. Persons who wish

to be notified of a hearing may request

notification by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, DC 20549–0609.

Applicants, c/o AIG Life Insurance

Company, One Alico Plaza, Wilmington,

Delaware 19801, Attn: Kenneth D.

Walma, Esq.

FOR FURTHER INFORMATION CONTACT:

Zandra Y. Bailes, Senior Counsel, or

Lorna J. MacLeod, Branch Chief, Office

of Insurance Products, Division of

Investment Management, at (202) 942–

0670.

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application is

available for a fee from the SEC’s Public

Reference Branch, 450 Fifth Street, NW.,

Washington, DC 20549–0102 (tel. (202)

942–8090).

Applicant’s Representations

1. AIG is a stock life insurance

company organized under the laws of

Pennsylvania and reorganized under the

laws of Delaware. AIG is a subsidiary of

American International Group, Inc.,

which is a holding company for a

number of companies engaged in the

international insurance business, both

life and general, in approximately 130

countries and jurisdictions around the

world.

2. The Variable Account was

established in 1986 by AIG as a

segregated asset account under

Delaware law for the purpose of funding

variable annuity contracts issued by

AIG. It is registered with the

Commission as unit investment trust

under the Act (File No. 811–5301). The

Variable Account will fund the variable

benefits available under the Contract.

The offering of the Contract is registered

under the Securities Act of 1933 (File

No. 333–93709).

3. That portion of the assets of the

Variable Account that is equal to the

reserves and other Contract liabilities

66574 Federal Register / Vol. 65, No. 215 / Monday, November 6, 2000 / Notices

with respect to the Variable Account is

not chargeable with liabilities arising

out of any other business of AIG. Any

income, gains or losses, realized or

unrealized, from assets allocated to the

Variable Account are, in accordance

with the Contract, credited to or charged

against the Variable Account, without

regard to other income, gains or losses

of AIG.

4. AIL is a stock life insurance

company organized under the laws of

New York and incorporated in 1962.

Like AIG, AIL is a subsidiary of

American International Group, Inc.

5. AIGESC is the principal

underwriter for the Variable Account

and the distributor of the Contract.

AIGESC is registered with the

Commission as a broker-dealer under

the Securities Exchange Act of 1934 and

is a member of the NASD. The Contract

is sold by insurance agents appointed by

AIG who are also registered

representatives of AIGESC or registered

broker/dealers that have entered into

distribution agreements with AIGESC.

AIGESC is a wholly-owned subsidiary

of American International Group, Inc.

6. The Contract may be purchased

with a minimum initial premium

payment of $2,000. An owner may make

additional payments of at least $1,000 at

any time or pay scheduled subsequent

premiums of $100 or more per month by

enrolling an automatic investment plan.

7. Owners of the Contract may

allocate their premium payments among

seventeen investment options—sixteen

variable investment options and one

fixed investment option. Each

subaccount of the Variable Account

invests in shares in one of the variable

investment options, which are

corresponding portfolios of the Alliance

Variable Products Series Fund, Inc. The

fixed investment option is part of AIG’s

guaranteed account and earns a

minimum of 3% interest. AIG, at a later

date, may decide to create additional

subaccounts to invest in any additional

funding media as may now or in the

future be available. AIG, from time to

time, also may combine or eliminate

subaccounts, or transfer the assets to

and from subaccounts.

8. The Contract has the following

charges: (i) a surrender charge as a

percentage of the premium surrendered

declining from 6% in premium years 1

and 2 to 0% in premium year 8; (ii) a

$30 annual contract maintenance fee

(waived if the value of the Contract is

at least $50,000); (iii) a mortality and

expense risk charge of 1.25%; (iv) an

administrative charge of 0.15% (v) a

distribution charge of 0.20%; (vi) a

transfer fee of $10 after the first twelve

transfers during a contract year; (vii)

optional death benefit charges; and (viii)

any applicable state premium tax.

9. The Contract provides for various

death benefit alternatives—a traditional

death benefit and two optional death

benefits. In addition, an owner may

select the accidental death benefit. If an

owner elects an optional death benefit

or the accidental death benefit, AIG will

assess a daily charge against the assets

in the Variable Account equal to an

annual charge as follows:

Annual Ratchet Plan 0.10%.

Equity Assurance

Plan.

0.70% (owner’s attained age 0–59).

0.20% (owner’s attained age 60 and

over).

Accidental Death

Benefit.

0.05%.

10. AIG will credit an extra amount to

the Contract (the ‘‘Credit’’) equal to a

maximum of 4% of an owner’s premium

payment. AIG will allocate the Credit

pro rata among the investment options

in the same proportion as the

corresponding premium payment. AIG

will fund Credits from its general

account assets and intends to recover

the cost through charges imposed under

the Contract. AIG may discontinue

offering Credits on additional premium

payments at its discretion.

11. The Credit is not part of the

amount an owner will receive if he or

she exercises the free look provision.

Credits applied within twenty-four

months prior to the date of death are not

included in amounts payable as a death

benefit. Likewise, Credits applied

within twenty-four months prior to a

surrender are not included in the

amount payable upon surrender. If an

owner makes a partial surrender during

the twenty-four month period following

receipt of a Credit, except as part of the

Contract’s systematic withdrawal

program, AIG will reduce the Credit in

the same proportion as the partial

surrender bears to the value of the

Contract and deduct the amount of the

reduction from the value of the

Contract. Only Credits paid within

twenty-four months prior to the partial

surrender are subject to reduction.

12. Applicants seek exemption

pursuant to Section 6(c) from Sections

2(a)(32), 22(c), and 27(i)(2)(A) of the Act

and Rule 22c–1 thereunder to the extent

deemed necessary to permit AIG to

issue the Contract, which provides for a

Credit upon receipt of a premium

payment, and to recapture the Credit in

the following instances: (i) when an

owner exercises the Contract’s free look

provision; (ii) when a death benefit is

payable within twenty-four months after

receipt of a Credit; and (iii) when a

surrender is requested within twentyfour months after receipt of a Credit.

Applicants’ Legal Analysis

1. Section 6(c) of the Act authorizes

the Commission to exempt any person,

security or transaction, or any class or

classes of persons, securities or

transactions from the provisions of the

Act and the rules promulgated

thereunder if and to the extent that such

exemption is necessary or appropriate

in the public interest and consistent

with the protection of investors and the

purposes fairly intended by the policy

and provisions of the Act. Applicants

request that the Commission, pursuant

to Section 6(c) of the Act, grant the

exemptions requested with respect to

the Contract and any Future Contracts

funded by the Variable Account or

Other Accounts that are underwritten or

distributed by AIGESC or Affiliated

Broker-Dealers. Applicants undertake

that Future Contracts will be

substantially similar in all material

respects to the Contract. Applicants

assert that the requested exemptions are

appropriate in the public interest and

consistent with the protection of

investors and the purposes fairly

intended by the policy and provisions of

the Act.

2. Subsection (i) of Section 27 of the

Act provides that Section 27 does not

apply to any registered separate account

funding variable insurance contracts, or

to the sponsoring insurance company

and principal underwriter of such

account, except as provided in

paragraph (2) of the subsection.

Paragraph (2) provides that it shall be

unlawful for such a separate account or

sponsoring insurance company to sell a

contract funded by the registered

separate account unless such contract is

a redeemable security. Section 2(a)(32)

defines ‘‘redeemable security’’ as any

security, other than short-term paper,

under the terms of which the holder,

upon presentation to the issuer, is

entitled to receive approximately his or

her proportionate share of the issuer’s

current net assets, or the cash equivalent

thereof.

3. Applicants submit that the

recapture of the Credit under the

circumstances set forth in the

application would not deprive an owner

of his or her proportionate share of the

issuer’s current net assets. An owner’s

interest in a Credit allocated to his or

her Contract value upon receipt of an

initial premium payment is not vested

until the applicable free look period has

expired without return of the Contract.

Similarly, Applicants state that an

owner’s interest in the amount of any

Federal Register / Vol. 65, No. 215 / Monday, November 6, 2000 / Notices 66575

Credit allocated within twenty-four

months prior to the date of the death or

the date of the surrender also is not

vested. Unless and until the amount of

any Credit is vested, Applicants submit

that AIG retains the right and interest in

the Credit, although not in the earnings

attributable to that amount. Thus,

Applicants argue that when AIG

recaptures any Credit, it is merely

retrieving its own assets, and the owner

has not been deprived of a proportionate

share of the Variable Account’s assets

because his or her interest in the Credit

has not vested.

4. In addition, Applicants state that

permitting an owner to retain a Credit

under a Contract upon the exercise of

the free look provision would not only

be unfair, but would also encourage

individuals to purchase a Contract, with

no intention of keeping it, and return it

for a quick profit.

5. Furthermore, Applicants state that

the recapture of Credits applied within

twenty-four months prior to the date of

death or the date of surrender is

designed to provide AIG with a measure

of protection against anti-selection. The

risk here is that, rather than spreading

premium payments over a number of

years, an owner might make very large

premium payments shortly before death

or surrender, thereby leaving AIG little

time to recover the cost of the Credits.

As noted earlier, the amount recaptured

equals the Credits provided by AIG from

its general account assets, and any gain

would remain a part of the owner’s

Contract value.

6. Applicants represent that it is not

administratively feasible to track a

Credit in the Variable Account after the

Credit is applied. Accordingly, the

asset-based charges applicable to the

Variable Account will be assessed

against the entire amount held in the

Variable Account, including the Credit,

during the free look period and the

twenty-four month recapture periods.

As a result, during such periods, the

aggregate asset-based charges assessed

against an owner’s Contract value will

be higher than those that would be

charged if the owner’s Contract value

did not include the Credit.

7. Applicants represent that the Credit

will be attractive to and in the interest

of investors because it will permit

owners to put up to 104% of their

premium payment to work for them in

the selected subaccounts. In addition,

the owner will retain any earnings

attributable to the Credits, as well as the

principal amount of the Credit once

vested.

8. Applicants further submit that the

recapture of any Credit only applies in

relation to the risk of anti-selection

against AIG. In the context of the death

benefit and surrender described in the

application, anti-selection can generally

be described as a risk that owners take

undue advantage of the credit feature.

AIG provides the Credit from its general

account on a guaranteed basis and

generally expects to recover its costs,

including Credits, while a Contract is in

force. The right to recapture Credits

applied to premium payments made

with twenty-four months prior to the

date of death or the date of surrender

protects AIG against the risk that an

owner will purchase a Contract or make

larger premium payments shortly before

death or surrender knowing that the

contingency that triggers payment of a

benefit is likely or about to occur and

leave AIG little time to recover the costs

of the credits. With respect to refunds

paid upon the return of the Contract

during the free look period, the amount

payable by AIG must be reduced by the

amount of the Credit. Otherwise,

investors could purchase a Contract for

the sole purpose of exercising the free

look provision and making a quick

profit.

9. Applicants assert that the

provisions for recapture of Credits

under the Contract do not violate

Sections 2(a)(32) and 27(i)(2)(A) of the

Act. However, to avoid any uncertainty

as to full compliance with the Act,

Applicants request an exemption from

Section 2(a)(32) and 27(i)(2)(A), to the

extend deemed necessary, to permit the

recapture of any Credit under the

circumstances summarized herein,

without the loss of relief from Section

27 provided by Section 27(i).

10. Section 22(c) of the Act authorizes

the Commission to make rules and

regulations applicable to registered

investment companies and to principal

underwriters of, and dealers in, the

redeemable securities of any registered

investment company to accomplish the

same purposes as contemplated by

Section 22(a). Rule 22c–1 under the Act

prohibits a registered investment

company issuing any redeemable

security, a person designated in such

issuers’ prospectus as authorized to

consummate transactions in any such

security, and a principal underwriter of,

or dealer in, such security, from selling,

redeeming, or repurchasing any such

security except at a price based on the

current net asset value of such security

next computed after receipt of a tender

of such security for redemption or of an

order to purchase or sell such security.

11. AIG’s recapture of the Credit

might be viewed as resulting in the

redemption of redeemable securities for

a price other than one based on the

current net asset value of the Variable

Account. Applicant assert, however,

that the recapture of the Credit does not

violate Section 22(c) or rule 22c–1.

Applicants argue that the recapture of

the Credit does not involve either of the

evils that Rule 22c–1 was intended to

eliminate the reduce as far as reasonably

practicable, namely: (i) the dilution of

the value of outstanding redeemable

securities of registered investment

companies through their sale at a price

below net asset value or repurchase at

a price above it, and (ii) other unfair

results, including speculative trading

practices. See Adoption of Rule 22c–1

under the 1940 Act, Investment

Company Release No. 5519 (Oct. 16,

1968). To effect a recapture of a Credit,

AIG will redeem interests in a Contract

at a price determined on the basis of the

current accumulation unit value(s) of

the subaccount(s) to which the owner’s

Contract value is allocated. The amount

recaptured will equal the amount of the

Credit that AIG paid out of it general

account assets. Although the owner will

be entitled to retain any investment gain

attributable to the Credit, the amount of

that gain will be determined on the

basis of the current accumulation unit

value of the applicable subaccounts.

Thus, no dilution will occur upon the

recapture of the Credit. Applicants also

argue that the second harm that Rule

22c–1 was designed to address, namely

speculative trading practices calculated

to take advantage of backward pricing,

will not occur as a result of the

recapture of the Credit. However, to

avoid any uncertainty as to full

compliance with the Act, Applicants

request an exemption from the

provisions of Section 22(c) and Rule

22c–1 to the extent deemed necessary to

permit them to recaptured the Credit

under the Contract.

12. Applicants assert that their

request for an order that applies to the

Variable Account and any Other

Account established by AIG or AIL, in

connection with the issuance of the

Contract and Future Contracts, is

appropriate in the public interest.

Applicants state that such an order

would promote competitiveness in the

variable annuity market by eliminating

the need to file redundant exemptive

applications, thereby reducing

administrative’s expenses and

maximizing the efficient use of

Applicants’ resources. Applicants state

that investors would not receive any

benefit or additional protection by

requiring Applicants to repeatedly seek

exemptive relief that would present no

issue under the Act that has not already

been addressed in the application.

Applicants assert that having Applicant

66576 Federal Register / Vol. 65, No. 215 / Monday, November 6, 2000 / Notices

1 15 U.S.C. 78s(b)(1).

2 17 CFR 240.19b–4.

file additional applications would

impair Applicants’ ability to take

advantage of business opportunities as

they arise. Further, Applicants state that

if Applicants were required repeatedly

to seek exemptive relief with respect to

the same issues addressed in the

application described herein, investors

would not receive any benefit or

additional protection thereby.

Conclusion

Applicants assert, based on the

grounds summarized above, that their

exemptive requests meet the standards

set out in Section 6(c) of the Act,

namely, that the exemptions requested

are necessary or appropriate in the

public interest and consistent with the

protection of investors and the purposes

fairly intended by the policy and

provisions of the Act.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28325 Filed 11–3–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43492; File No. SR–NASD–

00–64]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the National Association of Securities

Dealers, Inc. Relating to the Regulatory

Element of the Continuing Education

Requirements

October 27, 2000.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on October

25, 2000, the National Association of

Securities Dealers, Inc. (‘‘NASD’’),

through its wholly owned subsidiary,

NASD Regulation, Inc. (‘‘NASD

Regulation’’), filed with the Securities

and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared by NASD Regulation. The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

NASD Regulation proposes to amend

NASD Rule 1120(a) to permit the in-firm

delivery of the Regulatory Element of

the Continuing Education

Requirements. Currently, this computerbased training program can be

administered to registered persons only

at the location of an outside vendor.

Below is the text of the proposed rule

change. Proposed new language is in

italics.

1000. Membership, Registration and

Qualification Requirements * * *

1120. Continuing Education

Requirements

This Rule prescribes requirements

regarding the continuing education of

certain registered persons subsequent to

their initial qualification and

registration with the Association. The

requirements shall consist of a

Regulatory Element and a Firm Element

as set forth below.

(a) Regulatory Element

(1) through (5) No change

(6) In-Firm Delivery of the Regulatory

Element Members will be permitted to

administer the continuing education

Regulatory Element program to their

registered persons by instituting an infirm program acceptable to the

Association.

The following procedures are

required:

(A) Principal/Officer In-Charge. The

firm has designated a principal to be

responsible for the in-firm delivery of

the Regulatory Element.

(B) Site Requirements.

(i) The location of all delivery sites

will be under the control of the firm.

(ii) Delivery of Regulatory Element

continuing education all take place in

an environment conducive to training.

(Examples: a training facility,

conference room or other area dedicated

to this purpose would be appropriate.

Inappropriate locations would include a

personal office or any location that is

not or cannot be secured from traffic

and interruptions.)

(iii) Where multiple delivery terminals

are placed in a room, adequate

separation between terminals will be

maintained.

(C) Technology Requirements. The

communication links and firm delivery

computer hardware must comply with

standards defined by the Association or

its designated vendor.

(D) Supervision.

(i) The firm’s Written Supervisory

Procedures must contain the procedures

implemented to comply with the

requirements of in-firm delivery of the

Regulatory Element continuing

education.

(ii) The firm’s Written Supervisory

Procedures must identify the principal

designated pursuant to Rule

1120(a)(6)(A) and contain a list of

individuals authorized by the firm to

serve as proctors.

(iii) Firm locations for delivery of the

Regulatory element continuing

education will be specifically listed in

the firm’s Written Supervisory

Procedures.

(E) Proctors.

(i) All sessions will be proctored by an

authorized person during the entire

Regulatory Element session. Proctors

must be present in the session room or

must be able to view the person(s) sitting

for Regulatory Element continuing

education through a window or by video

monitor.

(ii) The individual responsible for

proctoring at each administration will

sign a certification that required

procedures have been followed, that no

material from Regulatory Element

continuing education has been

reproduced, and that no candidate

received any assistance to complete the

session. Such certification may be part

of the sign-in log required under Rule

1120(a)6)(F).

(iii) Individual serving as proctors

must be persons registered with an SRO

and supervised by the designated

principal for purposes of in-firm

delivery of the Regulatory Element

continuing education.

(iv) Proctors will check and verify the

identification of all individuals taking

Regulatory Element continuing

education.

(F) Administration.

(i) All appointments will be scheduled

in advance using the procedures and

software specified by the Association to

communicate with the Association’s

system and designated vendor.

(ii) The firm/proctor will conduct

each session in accordance with the

administrative appointment scheduling

procedures established by the

Association or its designated vendor.

(iii) A sign-in log will be maintained

at the delivery facility. Logs will contain

the date of each session, the name and

social security number of the individual

taking the session, that required

identification was checked, the sign-in

time, the sign-out time, and the name of

the individual proctoring the session.

Such logs are required to be retained

pursuant to SEC Rules 17a–3 and 17a–

4.

(iv) No material will be permitted to

be utilized for the session nor may any

session-related material be removed.