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<DIV><SPAN class=906165713-18062003><FONT face=Arial size=2>We have received
word from the Office of State Finance that the federal funds that were being
held for resolution of the refund of the OSEEGIB transfers have now been
released and are in the State Treasury.</FONT></SPAN></DIV>
<DIV><SPAN class=906165713-18062003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=906165713-18062003><FONT face=Arial size=2> The funds
that institutions have been waiting on will be disbursed to your institutional
accounts next week.</FONT></SPAN></DIV></BODY></HTML>