The recent Treasury Strategies survey on corporate reaction to changing the basis of pricing money-market funds for valued indicate that any attempt to eliminate the constant net asset value (CNAV) methodology for pricing MMFs in Europe would generate a negative reaction among investors. A large segment of respondents surveyed indicated that if enacted, they would either decrease or discontinue their use of money market funds. Analyses by industry and by company size showed that this sentiment is pervasive. There were no material differences by respondent sector.