Exhibit 99.2
Vail Resorts 401(k) Retirement Plan
PO Box 7
Vail, CO 81658
June 27, 2002
United States Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
Pursuant to Securities and Exchange Commission Release Nos. 33-8070; 34-45590; 35-27503; 39-2395; IA-2018; IC-25464; FR-62; File No. S7-03-02, this letter is to confirm that Vail Resorts 401(k) Retirement Plan has received assurance from its independent public accountants, Arthur Andersen LLP ("Arthur Andersen"), that Arthur Andersen's audit of our financial statements as of December 31, 2001 and for the year then ended (the "Audit") was subject to Arthur Andersen's quality control system for the U.S. accounting and auditing practice to provide reasonable assurance that the engagement was conducted in compliance with professional standards, that there was appropriate continuity of Arthur Andersen personnel working on the Audit and availability of national office consultation.
Sincerely,
Vail Resorts 401(k) Retirement Plan
/S/ Nanci N. Northway
Nanci N. Northway
Vice President and Controller