ADMINISTRATIVE

Announcement 98–40, page 24. This announcement contains corrections to the notice of proposed rulemaking REG–208299–90 (1998–16 I.R.B. 26). The proposed rulemaking under sections 482 and 864 of the Code relates to the allocation among controlled taxpayers and sourcing of income, deductions, and gains and losses from a global dealing operation; rules applying these allocation and sourcing rules to foreign currency transactions and to foreign corporations engaged in a U.S. trade or business; and rules concerning the mark-to-market treatment resulting from hedging activities of a global dealing operation. The public hearing originally scheduled for July 9, 1998, has been rescheduled for July 14, 1998.

Finding Lists begin on page 31. Announcement of the Consent Voluntary Suspension of Attorneys, Certified Public Accounts, Enrolled Agents, etc., begins on page 28.

Department of the Treasury Internal Revenue Service