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To: OLDTRADER who wrote (167695)	10/30/2001 9:36:58 PM
From: t2	Read Replies (1) \| Respond to of 176387

Mutual funds closing their books on October 31? I don't get it. I thought this was mostly for tax loss selling. That should have ended by last week as it takes 3 days to settle the trades. My understanding is(or was) that for their own statements, the last day of trading is what counts..ie. October 31. I wonder if many of the large funds have the same year end also. It sure would be interesting to get a clarification on this and if there is really a difference between the tax loss selling and "window dressing". I think my understanding is correct but am not sure. Also notice that Fidelity Magellan year end is March 31. That also supports the idea that it is just the tax loss selling that is happening and in that case, it should have been over last week..again due to settlement time.