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 hardware and software to evaluate the extent, if any, of the Year 2000 problem. Tushaus Computer Services, the Foundation's computer consultants, will be conducting a Year 2000 assessment of the Foundation's computer systems and network. This study should be completed no later than September 30, 1998.

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	8/5/98	9/25/98	Tushaus Computer Services will analyze all hardware and software to confirm no problems exist or recommend solutions to potential problems.

Gifts for Windows	4/23/98	4/24/98	Compliant statement

(Grants Database)	received.

DocuRom Software	8/11/98	8/11/98	Compliant statement

(Archived Grants)	received.

Peachtree	4/22/98	5/20/98	Compliant statement

(Accounting System)	received for the

recent upgrade.

Internet Connect	4/21/98	9/25/98	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	7/3/98	Expect all systems to be Year 2000 compliant by the end of 1998. One year to test.

Chase Manhattan Bank	4/22/98	5/4/98	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 hardware and 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.