As most of you are aware I am the data systems manager here at IFM. I am the person that helps write programs, upgrades our computer systems and maintains the day to day flow of software/hardware and computing needs. I also do research on companies and anything else that can be of service to everyone. One of the tasks that I have taken upon myself is to check to see if the companies that we follow are Y2k compliant. As most of you are probably aware the Y2k problem is this. Many of the world's older computer programs used a two-digit date and can't compute the "days of the week" or the correct number of years between two dated events - like when a mortgage is due. It is my opinion, and that of most experts, that the dire predictions are way overblown and the most likely problems will involve temporary glitches, especially overseas, in billing and invoice systems that could cause some disruptions in business and government. IFM itself will have no problems in the coming millennium due to Y2k but I wanted to insure that the companies we track and the companies we use for our day to day business would also be ready for the year 2000. Luckily, after guidance from the SEC, corporations began to include in their annual (10K) and quarterly (10Q) filings, statements about the Y2k problem, which made my task much easier. I have a notebook in my office of these statements plus notes and articles and pamphlets and even a few cartoons that I have found that I thought to be relevant. 98% of the companies I researched had discussed the Year 2000 problem in some detail in their SEC filings. The 2% that did not, were contacted by phone and sent us information or gave me a location to find their standings on the Internet. I am more than pleased to report that every company should not only be compliant by 3rd quarter but will also have contingency plans in place in the rare event that it is needed. I wanted to let you know that we at IFM look into many aspects of a company. That everyone here has a commitment to you and the protection of your assets. I am the last person to ask if you want investment advice but I do know more than a thing or two about computers. January 1, 2000 is likely to be a non-event in the computer industry. So eat your black-eyed peas and have a great day.