EXHIBIT 99.3

ANGLO-WORLD EDUCATION (UK) LIMITED AUDITOR'S REPORT TO THE MEMBERS

We have audited the financial statements of Anglo-World Education (UK) Limited
on pages 5 to 18 which have been prepared under the accounting policies set out
on page 9 and 10.

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORS

As described on page 3 the company's directors are responsible for the
preparation of financial statements. It is our responsibility to form an
independent opinion, based on our audit, on those statements and to report our
opinion to you.

BASIS OF OPINION

We conducted our audit in accordance with Auditing Standards issued by the
Auditing Practices Board which are substantially the same as United States
Generally Accepted Auditing Standards. An audit includes examination, on a test
basis, of evidence relevant to the amounts and disclosures in the financial
statements. It also includes an assessment of the significant estimates and
judgements made by the directors in the preparation of the financial statements,
and of whether the accounting policies are appropriate to the company's
circumstances, consistently applied and adequately disclosed. We planned and
performed our audit so as to obtain all the information and explanations which
we considered necessary in order to provide us with sufficient evidence to give
reasonable assurance that the financial statements are free from material
misstatements, whether caused by fraud or other irregularity or error. In
forming our opinion we also evaluated the overall adequacy of the presentation
of information in the financial statements.

OPINIONS

In our opinion the financial statements give a true and fair view of the state
of the company's affairs as at 31 December 1995, 1996 and 1997 and of its profit
for each of the three years then ended.

DELOITTE & TOUCHE
Chartered Accountants

Date: 27 July 1998