February 28, 2002

Mr. John Poole
Veredus Asset Management
6060 Dutchmans Lane, Suite 320
Louisville, KY 40205

Dear John:

This letter will confirm our arrangement concerning brokerage transactions for The Lynde and Harry Bradley Foundation account (herein referred to as the Fund) with your firm.

We have contracted with Merrill Lynch (The Citation Group), Able Noser Corp., Lynch, Jones & Ryan, Inc. and Northern Trust Securities, Inc. (NTSI) to provide commission recapture services for the Fund.  Accordingly, we request that your firm allocate to any of the aforementioned brokers a minimum of 30% of the transactions in our account, consistent with your obligation to seek best execution of our orders.  Commission charges should continue to be based on your normal negotiated rate schedule.

To initiate transactions for the Fund, please have your traders inform their trading contacts at the time that trades for our account are to be credited to any of the above mentioned brokers which you choose for commission recapture.

We would appreciate a quarterly report of total commissions generated under this arrangement so that we may reconcile it with reports received from the various brokers.  In addition, we receive a report from Able Noser Corp. which includes all of the Fund’s trades against the universe of all the trades made by Able Noser.  Each security trade is compared with the volume weighted average price for the day of the trade.  We use this to track how many trades are actually made through these four brokers, as well as the effectiveness of those trades against the universe.

I would like to emphasize that we do not wish this arrangement to hamper your effectiveness in managing the Fund; we hope that these services will provide valuable benefits to the Fund.

If you have any questions regarding these trading arrangements, please contact the appropriate person on the attached contact list.  Any other questions regarding this relationship should be directed to my attention.

Sincerely,

Robert N. Berkopec

RNB/ye

Enclosure

cc:	Kathleen Mayfield
	Lara A. McEvily
	Andy Hanlon
	Christopher Brunner
	Joseph Martinez