June 9, 1994

03 00050 94060902

Mr. Ross H. Armstrong
National Account Marketing Advisor
IBM Credit Corporation
Remarketer Financing Center
P.O. Box 5157
5000 Executive Parkway #450
San Ramon, CA 94583

Subject:

SDS Marketing

Dear Ross,

Thanks for chatting this evening about pictures and langauge relative to adding intelligence to management, ref d. Thanks also for your help researching Lotus Notes, ref c. You can see how that turned out relative to our discussion on ethics at ref a, and review of an HBR article on the same matter. ref b.

Thanks again for all of your help.

Sincerely,

THE WELCH COMPANY

Rod Welch