The new FAS 138 is out today. Pay careful attention. Because this is one of the few standards that goes into effect today for some companies, the FAS 138 standard will a free download until June 30. Then you must purchase FAS 133.

Go to http://www.rutgers.edu/Accounting/raw/fasb/

FASB Statement No. 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities—an amendment of FASB Statement No. 133

Bob (Robert E.) Jensen

Jesse H. Jones Distinguished Professor of Business

Trinity University, San Antonio, TX 78212

Voice: (210) 999-7347 Fax: (210) 999-8134

Email: rjensen@trinity.edu

http://www.trinity.edu/rjensen

-----Original Message-----

From: Gerhard Mueller, FASB Board

Sent: Friday, June 16, 2000 3:01 PM

To: 'Jensen, Robert'

Subject: RE: FAS 138

Hi, Bob -

The (four)amendments have been published today as SFAS 138. Thus there was

at least some (temporary) happiness on Wall Street!

All the best,

Gerry