Update Regarding the Treasury?s Temporary Money Market Guaranty Plan

Our client alert dated September 21, 2008, reported on actions taken by the U.S. Department of the Treasury (the ?Treasury?) to establish a temporary guaranty program for the U.S. money market mutual fund industry (the ?Guaranty Program?). Further to that announcement, on September 21, 2008, the Treasury issued a press release announcing that the Treasury is continuing to develop the specific details of the announced Guaranty Program and that, while such details are being finalized, the Treasury wanted to set forth the following......

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