November 5, 2002

Ms. Cara Lanza

Director of Marketing

National Press Club

529 14th Street, NW

Washington, DC 20045

Dear Cara:

Thank you for the confirmation of our reservation for the NBER's November 4, 2003 conference. I am returning the signed contract to you.

Please charge the $2125.00 deposit to my American Express Card. The number is

3715 442022 53017. The expiration date is 04/04. The name on the card is Robert Shannon. Please let me know if you need further information.

Thanks again for all your help.

Sincerely.

Rob Shannon

Assistant Director, Conferences

National Bureau of Economic Research