(a) Gross Investment Income

p. 488, last paragraph, first sentence. Delete and substitute:

The term gross investment income means the gross amount of income from interest, dividends, rents, payments with respect to securities loans, and royalties,⁴¹ but not including any income to the extent included in computing the unrelated business income tax.^41.1

p. 488, last paragraph. Delete second and third sentences (including note) and substitute the following—the following sentence and remaining text of paragraph form a new paragraph:

Gross investment income also includes income that is from sources that are similar to interest, dividends, and the like.^41.2