diff --git a/Source/HBIOS/hbios.asm b/Source/HBIOS/hbios.asm
index ddfdfa1d..e6c0a34e 100644
--- a/Source/HBIOS/hbios.asm
+++ b/Source/HBIOS/hbios.asm
@@ -1117,12 +1117,17 @@ BOOTWAIT:
 	JR	NZ,BOOTWAIT
 #ENDIF
 ;
-;#IF ((PLATFORM == PLT_MBC) | (PLATFORM == PLT_SBC))
-	; INITIALIZE RTC LATCH BYTE
+	; EARLY RTC LATCH BYTE INITIALIZATION
 	; FOR SOME PLATFORMS THIS CONTROLS HI/LO SPEED CIRCUIT
-	LD	A,(RTCDEFVAL)		; GET DEFAULT VALUE
+	; NOTE: WE WANT TO USE (RTCDEFVAL) HERE, BUT THE Z2 MEMORY
+	; MANAGER STARTS UP WITH THE FIRST 16K OF ROM MAPPED TO ALL
+	; 4 16K BANKS OF CPU SPACE.  SO, IF RTCDEVFAL IS LOCATED AFTER
+	; PAST 16K, WE DON'T HAVE ACCESS TO IT.  FOR NOW, WE JUST USE
+	; RTCDEF WHICH IS SUBOPTIMAL, BUT PROBABLY DOES NOT CAUSE ANY
+	; PROBLEMS.
+	;LD	A,(RTCDEFVAL)		; GET DEFAULT VALUE
+	LD	A,RTCDEF		; DEFAULT VALUE
 	OUT	(RTCIO),A		; SET IT
-;#ENDIF
 ;
 #IF (PLATFORM == PLT_N8)
 	LD	A,N8_DEFACR		; ENSURE N8 ACR
@@ -1144,7 +1149,9 @@ BOOTWAIT:
 	XOR	A			; LED IS INVERTED, TURN IT ON
   #ENDIF
   #IF (LEDMODE == LEDMODE_RTC)
-	LD	A,(RTCDEFVAL)		; DEFAULT LATCH VALUE
+	; CAN'T USE (RTCDEFVAL) YET, SEE COMMENTS ABOVE
+	;LD	A,(RTCDEFVAL)		; DEFAULT LATCH VALUE
+	LD	A,RTCDEF		; DEFAULT LATCH VALUE
 	OR	%00000001		; LED 0 ON
   #ENDIF
 	OUT	(LEDPORT),A
@@ -1435,11 +1442,15 @@ S100MON_SKIP:
 	LD	A,(HB_CURBNK)		; GET HB_CURBNK
 	LD	(HBX_LOC - 2),A		; ... AND SAVE TEMP FOR APPBNK
 ;
-; THE RTCVAL FIELD OF THE PROXY DATA NEEDS TO BE INITIALIZED HERE
-; BECAUSE IT CANNOT BE PRE-INITIALIZED (SEE COMMENTS ABOVE WHERE
-; RTCVAL EQUATE IS DEFINED).
+; WE CAN NOW DO THE REAL INITIALIZATION OF THE RTC LATCH BASED ON
+; (RTCDEFVAL).  AT THIS POINT WE SHOULD HAVE ACCESS TO THE ROM LOCATION
+; WHERE RTCDEFVAL IS STORED AND THE PROXY IS INSTALLED IN UPPER RAM
+; WHERE WE WILL STORE THE WORKING SHADOW COPY (HB_RTCVAL).
+; SEE COMMENTS ABOVE REGARDING THE FUNKY WAY THAT THE RTCDEFVAL IS
+; CREATED.
 ;
 	LD	A,(RTCDEFVAL)
+	OUT	(RTCIO),A		; SET IT
 	LD	(HB_RTCVAL),A
 ;
 #IFDEF TESTING
diff --git a/Source/ver.inc b/Source/ver.inc
index 6c118fde..e2f398e9 100644
--- a/Source/ver.inc
+++ b/Source/ver.inc
@@ -2,7 +2,7 @@
 #DEFINE	RMN	4
 #DEFINE	RUP	0
 #DEFINE	RTP	0
-#DEFINE BIOSVER	"3.4.0-dev.22"
+#DEFINE BIOSVER	"3.4.0-dev.23"
 #define rmj	RMJ
 #define rmn	RMN
 #define rup	RUP
diff --git a/Source/ver.lib b/Source/ver.lib
index 70f91ac4..6c9b9eff 100644
--- a/Source/ver.lib
+++ b/Source/ver.lib
@@ -3,5 +3,5 @@ rmn	equ	4
 rup	equ	0
 rtp	equ	0
 biosver	macro
-	db	"3.4.0-dev.22"
+	db	"3.4.0-dev.23"
 	endm