Barry E. Simmons

"It's hard to argue against [electronic dissemination of bond-related documents] in the electronic age we live in," said Barry Simmons, an associate counsel at the Investment Company Institute.

In a technology survey conducted in late 2000, the Government Finance Officers Association found that only about 1% of some 780 respondents reported they had no access to the Internet at work.Only about 2% reported they had no access to e-mail at work.

"All issuers don't have Web sites.They may never all have Web sites.

Barry E. SimmonsAssistant Counsel

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See Letter from Barry E. Simmons, Assistant Counsel, Investment Company Institute to Jonathan G. Katz, Secretary, Securities and Exchange Commission, dated April 13, 1998.

14 Cf. Letter from Barry E. Simmons, Associate Counsel, Investment Company Institute, to Jonathan G. Katz, Secretary, Securities and Exchange Commission, dated Apr. 19, 2001 (commenting on proposed rule amendments to permit electronic recordkeeping by investment companies and investment advisers).

Barry Simmons, an associate counsel at the Investment Company Institute, said it is too early to comment without more information.