Notice of Proposed Individual Exemption to Make Permanent as Modified Prohibited Transaction Exemption (PTE) 91-8 Involving Equitable Life Assurance Society of the United States and Its Affiliates (Equitable) and Its Wholly-Owned Subsidiary, Equitable Real Estate Management, Inc. (ERE), Located in New York, New York

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This document contains a notice of pendency before the Department of Labor of a proposed individual exemption to make permanent as modified the temporary relief provided by PTE 91-8 (56 FR 1411/1419, January 14, 1991). PTE 91-8 is a temporary exemption which expired January 13, 1996. This proposed exemption, if granted, will make permanent as modified PTE 91-8 and will provide relief for the provision of property management and/or leasing services by ERE 1, Equitable's wholly-owned subsidiary to an Account (as defined in Section IV below), provided that the conditions set forth in Section II are met.