The notice of proposed rulemaking (REG-102144-04) that is the subject of these corrections are under sections 1503, 953 and 367 of the Internal Revenue Code.

As published, the notice of proposed rulemaking and notice of public hearing (REG-102144-04) contains errors that may prove to be misleading and are in need of clarification.

Accordingly, the notice of proposed rulemaking and notice of public hearing (REG-102144-04), that was the subject of FR Doc. 05-10160, is corrected as follows:

1. On page 29869, column 1, in the preamble under the paragraph heading ”Background”, paragraph 3 from the top of the column, line 5, the language ”as if such unit where a wholly owned” is corrected to read ”as if such unit were a wholly owned”

2. On page 29897, column 2, ”§1503(d)-4 (i)(1), line 6, the language, ”through (ix) of this section, including” is corrected to read ”through (viii) of this section, including”

3. On page 29903, column 2, §1.1503(d)-5(c), paragraph (i), of Example 34., the language, ”its worldwide income F_x, a an unrelated” is corrected to read ”its worldwide income, F_x, an unrelated”