Dear Fumi,

Thank you so much for your fifth message sent on > Date: 12 Jun 98

12:00:51.

> Dear Dr. M. Susan Stiner,

>

> Thank you very much for your last message and giving me

> a lot of information.

> Actually, I feel a little overwhelmed at them, but I've seen

> the sites and printed them as many as possible.

I am glad you visited the sites. I do not expect you to study them very

closely. I am not sure what Prof. Shiina expects, though!

> I noticed that all the companies you mentioned on the "Balance Sheet"

> increased Retained Earnings in 1997, as compared to 1996.

Yes, but we did not plan it that way. Most companies do increase

Retained Earnings every year. Sometimes the increase is small.

Sometimes it is large.

> "The Edge online" is very interesting. In fact, I've not

> read the whole sentences, but found it very useful. Thank you for

> recommending it to me.

I know the English is very hard at that site. Just get what you can

from the site. Mainly, I want you to know it is there.

> I'm looking forward to your next comments.

>　

>

> Best wishes,

> Fumi

Sincerely,

--

Dr. M. Susan Stiner