# National Principal Contracts; Contingent Nonperiodic Payments; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to hearing cancellation for public hearing.
**SUMMARY:**
This document contains a correction to a hearing cancellation notice published in the *Federal Register* on May 14, 2004 (69 FR 26782) that relates to the inclusion into income or deduction of a contingent nonperiodic payment provided for under a notional principal contract (NPC).
**FOR FURTHER INFORMATION CONTACT:**
Kate Sleeth, (202) 622-3920 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The hearing cancellation notice that is the subject of this correction is under section 446 of the Internal Revenue Code.
**Need for Correction**
As published, the hearing cancellation notice (REG-166012-02), contains an error that may prove to be misleading and is in need of clarification.
**Correction of Publication**
Accordingly, the publication of the hearing cancellation notice (REG-166012-02), which was the subject of FR Doc. 04-11016, is corrected as follows:
On page 26782, column 3, in the heading, the subject line “National Principal Contracts; Contingent Nonperiodic Payments; Hearing Cancellation” is corrected to read “National Principal Contracts; Contingent Nonperiodic Payments; Hearing Cancellation”.
Cynthia Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedures and Administration).