WESTERN STANDARD CORPORATION 205 SOUTH BROADWAY RIVERTON, WYOMING 82501 1-307-856-9288 September 7, 2001 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 re: Comment Letter, dated August 28, 2001 10QSB for June 30, 2001 File No. 0-3802 Gentry: Enclosed please find a response to your Comment Letter dated August 28, 2001, for the 10QSB for June 30, 2001. Sincerely, /s/ Stanford E. Clark Stanford E. Clark, President Western Standard Corporation SEC:sjs Western Standard Corporation 10QSB/A for June 30, 2001 The following amendments to Form 10QSB for the quarter ended June 30, 2001 are in addition to the Form 10QSB previously filed and in response to SEC Comment Letter dated August 28, 2001. Page 8, 303(b)2 - Management's Discussion and Analysis or Plan of Operation Results of Operations - Total revenues increased from $4,089,764 at June 30, 2000 to $4,201,951 at June 30, 2001, for an increase of $112,187. (There were 748 more room rentals in 2001 than in 2000, at $4.90 higher average daily rate.) This increase came mostly from: Room department $ 167,132 Food department ($ 37,268) Beverage department ($ 24,319) Ski Area ($ 48,705) Slide department ($ 12,590) Condominium department $ 101,530 Telephone ($ 9,229) Other income department ($ 27,544) Jackson Village apartments ($ 12,234) Western Standard Corporation interest, and Oil and gas royalties $ 9,156 The change in operating expenses of $4,383,408 in 2001 over $4,343,989 in 2000 amounted to $39,420. This increase mostly came from the following: Room department (the largest room expense increase came from labor costs $41,704, agency commissions $61,931, courtesy car $8,868, guest supplies $3,183, linens $17,686, uniforms ($2,550), cleaning supplies ($3,848) $ 131,325 Food department (major changes were cleaning supplies, $3,964, utensils $3,794, food costs ($9,368), labor costs ($30,621), miscellaneous expenses $3,252 ($ 24,483) Beverage department ($ 21,043) Ski Area ($ 114,731) Slide department ($ 116) Condominium department (higher labor costs) $ 37,268 Telephone ($ 11,140) Jackson Village Apartments ($ 10,765) Administrative and general $ 11 Marketing department $ 13,717 Maintenance department $ 2,508 Energy department (gas and electric were higher) $ 18,172 Property taxes $ 3,260 Insurance $ 2,534 Management fees (based on gross revenues) $ 1,489 Oil and gas expenses $ 2,049 Shareholder expenses $ 4,764 Stock transfer fees $ 444 General 11. SFAS 143 is not expected to have an impact on further financial statements. /s/ Stanford E. Clark, President Western Standard Corporation