sample="supplemental" bates="93771584" isource="ll" decade="1980" class="ue" date="19890210" Loews/Lorillard Public Affairs Committee 18th Floor · One Park Avenue · New York, N.Y. 10016-5895 Committee ARTHUR J. STEVENS, Chairman JAMES R. CHERRY, JR. Vice-Chairman BARRY HIRSCH, Secretary CHARLES G. SPOSATO, JR. Treasurer ELLEN A. HARROW, Ass't. Secretary February 10, 1989 Touche Ross & Co. 1633 Broadway New York, NY 10019 Gentlemen: As Vice-Chairman of and acting counsel for the Loews Corporation/Lorillard Public Affairs Committee (hereinafter called "LOPAC" or "the Committee"), I have no knowledge of any legal proceedings, impending litigation or claims by or against, or a contingent liability of as of this date, LOPAC. There are no matters pending which have been specifically identified as contemplated by Clauses (b) or (c) of Paragraph 5 of the December 1975 ABA Statement of Policy Regarding Lawyers' Responses to Auditor's Requests for Information. LOPAC as established and operated is, in my opinion, in compliance with the Federal Election Campaign Act, as amended, and the regulations thereunder. The information set forth herein is as of the date of this letter, and I disclaim any undertaking to advise you of changes which thereafter may be brought to my attention. This response is limited by, and in accordance with, the aforementioned ABA Statement of Policy Regarding Lawyers' Responses to Auditor's Requests for Information. Without limiting the generality of the foregoing, the limitations set forth in such Statement on the scope and use of this response (Paragraphs 2 and 7) are specifically incorporated herein by reference, and any description herein of any "loss contingencies" is qualified in its entirety by Paragraph 5 of the Statement and the accompanying commentary (which is an integral part of the Statement). Consistent with the last sentence of Paragraph 6 of the ABA Statement of Policy, this will confirm as correct the Committee's understanding that whenever, in the course of performing legal services for the Committee with respect to a matter recognized to involve an unasserted possible claim or assessment that may call for financial statement disclosure, I have formed a professional conclusion that the Committee must disclose or consider disclosure concerning such possible claim or assessment, I, as a matter of professional responsibility to the Committee, will so advise the Committee and will consult with the Committee concerning the question of such disclosure and the applicable requirements of Statement of Financial Accounting Standard No. 5. Very truly yours, JAMES R. CHERRY, JR.