# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correcting amendment.
**SUMMARY:**
This document contains a correction to final regulations (TD 9377) that were published in the *Federal Register* on Wednesday, January 23, 2008 (73 FR 3868), that apply to a section 197 intangible resulting from an assumption reinsurance transaction, and under section 338 that apply to reserve increases after a deemed asset sale.
**DATES:**
This correction is effective on March 18, 2008.
**FOR FURTHER INFORMATION CONTACT:**
William T. Sullivan (202) 622-7052 (not toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations (TD 9377) that is the subject of this correction is under section 197 of the Internal Revenue Code.
**Need for Correction**
As published, TD 9377 contains an error that may prove to be misleading and is in need of clarification.
**List of Subjects 26 CFR Part 1**
Income taxes, Reporting and recordkeeping requirements.
**26 CFR Part 1**
**Correction of Publication**
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:
**PART 1—INCOME TAXES**
*Paragraph 1.* The authority citation for part 1 continues to read as follows:
**Authority:**
26 U.S.C. 7805. * * *
**26 CFR Part 1**
§ 1.1060-1
*Par. 2.* Section 1.1060-1(a)(2)(iii) introductory text, last sentence is amended by removing the language “§§ 1.338-11 and 1.338-11T(d)” and adding the language “§ 1.338-11” in its place.
Cynthia Grigsby,
Senior Federal Register Liaison Officer, Publications and Regulations Branch, Legal Processing Division, Office of Associate Chief Counsel, (Procedure and Administration).