5 Mr. Philip Belpasso November 29, 1982 Page 2

account and that of another client of Ms. Reefvfs when these orders were entered. Based on our findinos to- gether with the apparent breach of rapport which has developed it is suggested that you take appropriate steps in closing out your account here at Smith Barney, Harris Upham. We wish you success in the future Mr. Belpasso with your investment endeavors, however, we feel that we can no longer service your financial needs hereafter.

Very truly yours,

David M. Warmin Regional Compliance Director

DMW: cmr

cc: Mr. N. N. Patnaude State of N. J. Bureau of Securities 80 Mullberry St., Newark, N.J. 07102

Jack Wilson Galleria Sandra Reeves Galleria Noreen Fitzgerald - Paramus