Issue 2: Paragraph 10-12 of this proposed Statement would modify the definition of a business combination in Opinion 16 in two ways

EX-99 3 pwcstatement.htm STATEMENT FROM PRICEWATERHOUSECOOPERS Issue 2: Paragraph 10-12 of this proposed Statement would modify the definition of a business combination in Opinion 16 in two ways

July 1, 2002

Mr. J. Michael Barber

Senior Vice President and Corporate Accounting Manager

Union Planters Corporation

6200 Poplar Avenue

Memphis, Tennessee 38119

Re: Audit of the 2001 Union Planters Corporation 401(k) Retirement Savings Plan

Dear Mr. Barber:

Delay in the receipt of all necessary information from a third-party service provider related to the audit of the Union Planters Corporation 401(k) Retirement Savings Plan (the "Plan") has resulted in a delay in the completion of the audit of the Plan's 2001 financial statements.

Very truly yours,

PricewaterhouseCoopers LLP