1 EXHIBIT 16.2 [RUSSO & SHAPIRO LETTERHEAD] Certified Public Accountants Anthony J. Russo Nelson Shapiro 295 Madison Avenue, Suite 1700 New York, New York 10017-6304 Tel: (212) 687-2420 Fax: (212) 687-1815 Fed. I.D. # 13-3770301 December 23, 1997 U.S. Securities and Exchange Commission Washington, D.C. 20549 Dear Sir/Madam, We have reviewed the section entitled "Changes in Registrant's Certifying Accountant" as pertaining to our firm and we agree with the statement contained therein. Sincerely yours, /s/ Russo & Shapiro