KISH, LEAKE & ASSOCIATES, P.C. Certified Public Accountants 7901 East Belleview Avenue, Suite 220 (303) 779-5006 Englewood, Colorado 80111 FAX (303) 779-5724 September 20, 1996 Securities and Exchange Commission 450-5th Street, N.W. Washington, D.C. 20549 Gentlemen: We have been furnished with a copy of the response to Item 4 of Form 8-K for the event that occurred on September 19, 1996, filed by our former client, Ogden, McDonald & Company. We agree with the statements made in response to that item insofar as they relate to our firm. Very truly yours, /s/ Kish, Leake & Associates, P.C.