Par. 11. Section 1.752-5 is amended by revising the second and third sentences of paragraph (a) to read as follows:
(a) * * * However, § 1.752-3(a)(3) seventh, eighth, and ninth sentences, (b), and (c) Example 3, do not apply to any liability incurred or assumed by a partnership prior to October 31, 2000. Nevertheless, § 1.752-3(a)(3) seventh, eighth, and ninth sentences, (b), and (c) Example 3, may be relied upon for any liability incurred or assumed by a partnership prior to October 31, 2000 for federal taxable years ending on or after October 31, 2000. * * *