November 2, 1998

Mr. James Schoenike

Vice President

Firstar Bank Milwaukee, N.A.

777 East Wisconsin Avenue

P.O. Box 532

Milwaukee, WI 53201

Dear Jim:

The Bradley Foundation Investment Committee authorized expanding the securities lending program with Firstar Trust Company to increase the amount of domestic securities on loan to no more than $150 million at any one time. In connection with the international securities held in custody by Chase Manhattan Bank, the maximum amount of international securities on loan at any one time was increased to $50 million.

It is my understanding that you will communicate this change to Chase Manhattan Bank. Please confirm in writing that both organizations have instituted the aforementioned changes.

Please contact me if you have any questions.

Very truly yours,

Robert N. Berkopec

cc: Richard Whittow