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Subject:  Keough plan Date:  8/19/1999  1:10 AM
Author:  jlcchandlr Number:  13250 of 105384

I currently have both a Money Purchase Pension Plan and Profit Sharing Plan with Vanguard as the trustee. I would like to set up a second Profit Sharing Plan with a discount broker so that I can purchase individual securities, without necessarily transferring everything I have in the Vanguard plan. It seems to me that I should be able to do this as the annual contribution to my current plan is not a fixed percentage. I am currently contributing 10% to the MPPP and 15% of income to the PSP. I've gotten different advice from various sources and would like some assurance that I can do this. Has anyone out there done this? Is it legal? If so, can I roll over or transfer part of the Vanguard PSP money into the new plan? Thanks in advance.
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