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In November 2001, the FASB staff issued Topic D-103 (subsequently recharacterized as EITF 01-14), “Income Statement Characterization of Reimbursements Received for ‘Out of Pocket’ Expenses Incurred.” This staff announcement clarified certain provi- sions of EITF 99-19 “Reporting Revenue Gross as a Principal versus Net as an Agent,” and among other things established when reimbursements are required to be shown gross as opposed to net. EITF 01-14 also directed that the new rules should be applied in financial reporting periods beginning after December 15, 2001. The clarifying rules now require the Company to henceforth report certain reimbursed incidental activities on a gross rather than net basis. The Company has reclassified amounts in the 2001 and 2000 presentations to conform with the current presentation. 

The following schedule shows the financial statement impact of the adoption by comparing the net amounts in the report on Form 10K filed on or about March 29, 2002, with the gross amounts reported in this annual report. There is no impact on net revenue, nor is there any impact on operating income or net earnings as a result of this change. 

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