April 22, 1998

Mr. William McKee

Fayez Sarofim & Co.

2 Houston Center

Suite 2907

Houston, TX 77010

Dear Bill:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Gregory Alexander

Ruane, Cunniff & Co.

767 Fifth Avenue

Suite 4701

New York, NY 10153

Dear Gregory:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Richard D. Godfrey

Trust Company of the West

865 South Figueroa Street

Los Angeles, CA 90017

Dear Dick:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Roger Hertog

President

Sanford C. Bernstein & Co., Inc.

767 Fifth Avenue

New York, NY 10153-0185

Dear Roger:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Andy Stenovec

Capital Guardian Trust Company

1 Market, Steuart Tower

Suite 1800

San Francisco, CA 94105-1409

Dear Andy:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Neil Sullivan

Moody, Aldrich, Sullivan

30 Rowes Wharf

Boston, MA 02110

Dear Neil:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Mr. Stephen Dean

Rosenberg Institutional Equity Management

4 Orinda Way

Suite 300E

Orinda, CA 94563

Dear Stephen:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye

April 22, 1998

Ms. Pamela Cloyd

BZW Barclay's

45 Fremont Street

San Francisco, CA 94105

Dear Ms. Cloyd:

The Bradley Foundation is completing a Year 2000 Compliance review to insure that the Foundation's services will not be disrupted and that data provided by your company will continue to be accurate when the year 2000 arrives.

As an investment manager for the Foundation, the accuracy of your investment and financial data has a direct impact on the operations of the Foundation. Accordingly, please advise in writing your organization's status and activities to achieve Year 2000 Compliance.

Thank you for your cooperation.

Very truly yours,

Robert N. Berkopec

RNB/ye