|TO: || Public File|
|FROM: ||Rosemary A. Filou
Counsel to Commissioner Glassman
|DATE: || March 14, 2003|
|RE: || File No. S7-02-03, Standards Relating to Listed Company Audit
Committees - Audit Committee Member Independence
On March 14, 2003, Commissioner Glassman, Brian Stern and Rosemary Filou met with representatives of the National Venture Capital Association (Brian Borders, Esq., and Mark Heesen, President) to discuss NVCA's comments on the above-referenced matter as outlined in its comment letter.