ADMINISTRATIVE

Rev. Proc. 99–26, page 38. Secured employee benefits settlement initiative. The Service offers to settle cases in which taxpayers accelerated deductions for accrued employee benefits secured by a letter of credit, bond, or similar financial instrument.

INTL–941–86, page 49. Guidance is withdrawn under section 1291 of the Code relating to mark-to-market elections for regulated investment companies (RICs).

REG–103694–99, page 49. Proposed regulations under section 467 of the Code remove the constant rental accrual exception for rental agreements involving payments of $2,000,000 or less.

Announcement 99–58, page 51. Form 3115, Application for Change in Accounting Method, and its instructions have been revised.

Announcement 99–59, page 52. This is the schedule for the 1999 IRS/SSA Information Reporting Seminars .

Finding Lists begin on page 55. Announcement of Declaratory Judgment Proceedings Under Section 7428 begins on page 53.

Department of the Treasury Internal Revenue Service