Primary Dealers List
Memorandum to all Primary Dealers and Recipients of the
Weekly Press Release on Dealer Positions and Transactions

The latest list reflects the following change:

Effective May 17, 1999, NationsBanc Montgomery Securities LLC. changed its name to Banc of America Securities LLC.

LIST OF THE PRIMARY GOVERNMENT SECURITIES
DEALERS REPORTING TO THE MARKET REPORTS DIVISION
OF THE FEDERAL RESERVE BANK OF NEW YORK

ABN AMRO Incorporated
Aubrey G. Lanston & Co., Inc.
Banc of America Securities LLC
Banc One Capital Markets, Inc.
Bear, Stearns & Co., Inc.
BT Alex. Brown Incorporated
Barclays Capital Inc.
Chase Securities Inc.
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Dresdner Kleinwort Benson North America LLC.
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities, Inc.
J. P. Morgan Securities, Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nesbitt Burns Securities Inc.
Nomura Securities International, Inc.
Paine Webber Incorporated
Paribas Corporation
Prudential Securities Incorporated
Salomon Smith Barney Inc.
Warburg Dillon Read LLC.
Zions First National Bank