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 19, 2002, Commissioner Glassman and Brian Stern met with representatives of Nasdaq (Hardwick Simmons, Richard Ketchum and Edward Knight) to discuss Nasdaq's comments on the above-referenced matter as outlined in their comment letters.