# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction of final regulations.
**SUMMARY:**
This document contains corrections to final regulations which were published in the *Federal Register* on Monday, February 7, 2000 (65 FR 5777), relating to a passive foreign investment company (PFIC) shareholder that makes the election under section 1295 to treat the PFIC as a qualified electing fund, and for PFIC shareholders that wish to make a section 1295 election that will apply on a retroactive basis.
**DATES:**
This correction is effective February 7, 2000.
**FOR FURTHER INFORMATION CONTACT:**
Margaret A. Fung, (202) 622-3840 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations that are the subject of these corrections are under sections 1291, 1293, 1295 and 1298 of the Internal Revenue Code.
**Need for Correction**
As published, the final regulations (TD 8870) contain errors that are in need of clarification.
**26 CFR Part 1**
**Correction of Publication**
Accordingly, the publication of the final regulations (TD 8870), which were the subject of FR Doc. 00-1892, is corrected as follows:
**PART 1—[CORRECTED]**
1. On page 5779, beginning in column 1, instructional Paragraph 1, and the authority citation are corrected to read as follows:
*Paragraph 1.* The authority citation for part 1 is amended by removing the entries for 1.1291-1T, 1.1293-1T, 1.1295-1T, and 1.1295-3T, and by adding entries in numerical order to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *
Sec. 1.1291-1 also issued under 26 U.S.C. 1291. * * *
Sec. 1.1293-1 also issued under 26 U.S.C. 1293. * * *
Sec. 1.1295-1 also issued under 26 U.S.C. 1295.
Sec. 1.1295-3 also issued under 26 U.S.C. 1295. * * *
**26 CFR Part 1**
§ 1.1293-0
2. On page 5779, column 2, a new instructional paragraph 2a. is added to read as follows:
*Par. 2a.* Section 1.1293-0 is amended by:
1. Removing the reference “1.1293-1T” in the introductory text of the section and adding “1.1293-1” in its place.
2. Removing the “T” and the parenthetical “(temporary)” from the entry for § 1.1293-1T.
**26 CFR Part 1**
§ 1.1295-0
3. On page 5779, column 2, instruction 5 of instructional Par. 4. is corrected by removing the reference “1.195-3”, and adding “1.1295-3” in its place.
Dale D. Goode,
Federal Register Liaison, Assistant Chief Counsel (Corporate).