Hynes & Howes Insurance Counselors, Inc.
Davenport, Iowa


                          Independent Auditor's Report

I have audited the accompanying balance sheets of Hynes & Howes Insurance
Counselors, Inc. as of September 30, 1998 and 1997, and the related statements
of operation, retained earnings, paid-in-capital, and cash flows for the years
ended September 30 , 1998 and 1997 and 1996.  These financial statements are the
responsibility of the company's management.  My responsibility is to express an
opinion on these financial statements based on my audits.

I conducted my audits in accordance with generally accepted auditing standards.
Those standards require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
I believe that my audits provide a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Hynes & Howes Insurance Counselors,
Inc. at September 30, 1998 and 1997, and the results of its operations and its
cash flow for the years ended September 30, 1998, and 1997 and 1996, in
conformity with generally accepted accounting principles.





                                 Everette E. Wilson
                                 Certified Public Accountant

December 18, 1998