M E M O R A N D U M

To:Public File
From:Brian A. Stern
Counsel to Commissioner Glassman
Date:August 26, 2002
Re:File Nos. 10-131; SR-NASD-2001-90

On August 21, 2002, Commissioner Glassman, Mary Head and Brian Stern met with representatives of the NASD (Robert Glauber and Douglas Shulman) to discuss NASD's comments on the above-referenced matter as outlined in their comment letters.