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-8- [[preprinted]] [[image – line drawing of the Smithsonian Institution]] SMITHSONIAN INSTITUTION Washington, D. C. 20560 U.S.A. [[/preprinted]] December 15, 1987 Honorable William H. Rehnquist Chancellor Board of Regents Smithsonian Institution Washington, D. C. 20560 Dear Mr. Chancellor: Your Regents' Personnel Committee, consisting of the undersigned, has carefully reviewed the [[underlined]]Confidential Statement of Employment and Financial Interests[[/underlined]], fully filled out and submitted by each of the following employees: Robert McC. Adams Dean W. Anderson John F. Jameson David Challinor Ralph C. Rinzler John E. Reinhardt Tom L. Freudenheim James McK. Symington Peter G. Powers Ann R. Leven James M. Hobbins Margaret C. Gaynor As a result of our careful review of these statements as submitted, we have unanimously decided that there is no conflict of interest whatsoever involved and that no action of any kind concerning conflict of interest need be taken with regard to any of these employees. The Committee has also received and discussed a report of the General Counsel/Ethics Counselor entitled "Submission and review of Forms SI-1085, 'Confidential Statement of Employment and Financial Interests,' for Calendar Year 1986." From that report the Committee has unanimously agreed that the financial reporting procedures for those key staff who must report have functioned in accordance with established