M E M O R A N D U M

To:Public File
From:Brian A. Stern
Counsel to Commissioner Glassman
Date:August 20, 2002
Re:File No. SR-NASD-2001-90

On August 15, 2002, Commissioner Glassman, Commissioner Atkins, Marilyn Weimer and Brian Stern met with representatives of Nasdaq (Thomas Moran, William Harts, Karen Peterson and Edward Knight) to discuss Nasdaq's comments on the above-referenced matter as outlined in their comment letters, and to view a demonstration of Nasdaq's SuperMontage technology.