June 15, 2001

          The  Gramm-Leach-Bliley   Act   of   1999  requires "financial  institutions" including tax preparers or personal financial planners, to make certain disclosures to individual, non-business clients. This is our disclosure pursuant to law.

Accounting Offices of Howard Lisch
PRIVACY POLICY

          CPAs, like all providers of personal financial services, are  now  required by   law  to  inform  their  clients  of  their  policies  regarding  privacy  of   client  information. CPAs   have  been  and continue to  be  bound by  professional  standards  of  confidentiality  that  are  even  more  stringent   than  those required by  law.   Therefore,  we  have  always  protected  your   right  to privacy .

Types of Nonpublic Personal Information

          We collect nonpublic personal information about you that  is provided to us by you or obtained by us with your authorization.

Parties to Whom We Disclose Information

          For current and  former clients, we do not disclose any nonpublic  personal information  obtained  in  the  course  of   our  practice  except   as   required  or  permitted   by   law.   Permitted   disclosures   include,  for   instance,  providing  information  to our employees, and  in limited situations,  to unrelated third parties  who  need  to know that  information  to assist us in providing services  to you.  In all  such  situations,   we  stress  the  confidential  nature  of   information  being shared.

Protecting the Confidentiality and Security of Current
and Former Clients` Information

          We  retain  records  relating  to  professional  services   that   we  provide  so that  we  are  better  able to assist  you  with  your  professional needs and,  in  some  cases,  to  comply with  professional  guidelines.  In  order  to  guard  your nonpublic personal information, we  maintain physical, electronic,  and procedural safeguards that comply with our professional  standards.

          Please  call  if  you  have any  questions,   because  your  privacy,  our professional ethics, and the ability to provide you with quality financial services are very important to us.