TO: Files
FROM: J. Minke-Girard
RE: Release Nos. 33-8098; 34-45907; International Series Release No. 1258
File No. S7-16-02
DATE: July 12, 2002

On June 4, 2002, Chief Accountant Robert Herdman and Professional Accounting Fellow David Kane met with representatives of the Financial Reporting Committee of the Institute of Management Accountants. Following are comments received from that group.

Critical Accounting Policies