THE LYNDE AND HARRY BRADLEY FOUNDATION, INC.

YEAR 2000 COMPLIANCE REVIEW

The Year 2000 poses significant concerns for virtually all organizations dependent on computer generated data and record storage. Accordingly the Foundation has commenced a review of all of the Foundation's computer software and programs to evaluate the extent, if any, of the Year 2000 problem. In addition, all key vendors have been contacted to obtain a written status report as to their Year 2000 compliance. A summary of the review to date is as follows:

Internal Computer	Date of	Reply

Systems & Software	Request	Received	Comment

Computer Network	4/21/98	4/23/98	Tushaus Computer Services (the Foundation's computer consultant) confirms system has no problems

Gifts for Windows	4/23/98	4/24/98	No problem

(Grants Database)

Peachtree

(Accounting System)	4/22/98	5/20/98	Software upgrade is in compliance

Windows 95	4/21/98	4/23/98	Operating system, no

Operating System	problem. Software is not

and Software	date sensitive. No
problems anticipated,

per Tushaus Computer

Services.

Internet Connect	4/21/98	Tushaus will verify

(Router for internet	current version; if not

access)	most recent we will need

to upgrade

Investment/Custodians

Firstar Trust Co.	4/22/98	Expect all systems to be Year 2000 compliant by the end of 1998. One year to test.

Chase Manhattan Bank	4/22/98	Critical systems expected to be Year 2000 compliant by the end of 1998

Investment Managers

Capital Guardian	4/22/98	4/28/98	Expect all systems to be

Trust Company	Year 2000 compliant by the end of 1998. One year to test.

Sanford Bernstein	4/22/98	5/4/98	Expect to be Year 2000 compliant by Winter 1998-99

Fayez Sarofim	4/22/98

Acacia Institu -	4/22/98	4/27/98	In process of Year 2000

tional Partners	compliant review

Barclays Global	4/22/98	4/28/98	Expect all systems to be

Investors	Year 2000 compliant by the end of 1998. One year to test.

Trust Company of	4/22/98	5/5/98	Requested all their service

the West	providers to be Year 2000 compliant by September 30, 1998

Moody, Aldrich,	4/22/98	5/15/98	Portfolio management system

Sullivan	certified to be Year 2000 compliant

Rosenberg Institu -	4/22/98	5/5/98	Complete assessment by May,

tional Equity	1998. Expect Year 2000 by

Management	end of 1998.

Preliminary Conclusion:

The Foundation's internal computer software systems are or will be Year 2000 compliant. The Foundation's service providers all have programs in place to achieve Year 2000 compliance. Follow-up will be made in early 1999 with the service providers to determine their progress to achieve Year 2000 compliance.