se do not hesitate to contact me. Sincerely, Stephen A. Lacoff Personnel Director SAL:bl EFTA01700798 Bear, Stearns & Co. 55 Water Street . Frewthrk, N.Y. 10041 (212) 952-5000 WRITER'S DIRECT DIAL NUMBER BEAR STURNS March 16, 1976 Dalton Schools 108 East 89th Street, New York, New York JEFF