Mr. Gregory Alexander

Acacia Institutional Partners, L.P.

767 Fifth Avenue Suite 4701

New York, NY 10153-4798

January 30, 1997

Dear Greg,

The Investment Committee of The Lynde and Harry Bradley Foundation, Inc. is scheduled to have a meeting on Monday June 2, 1997 at 4:00 pm.

We would appreciate your attendance at this meeting to provide an update regarding Acacia Institutional Partners. Please advise me as to your availability.

Very truly yours,

Robert N. Berkopec

cc: Thomas L. Rhodes