LARRY LEGEL, CPA

Practice Concentrating in
Taxation and Securities

800 W. Cypress Creek Road, Suite 470
Ft. Lauderdale, FL 33309

Tel: (954) 493-8900
Fax: (954) 493-8300
e-mail: legelcpa@bellsouth.net

ACCOUNTANT'S REVIEW REPORT

Shareholders
Bernard, Allan & Edwards, Inc.
Leesburg, FL


I have reviewed the accompanying consolidated balance sheet of
Bernard, Allan & Edwards, Inc. as of and for the periods ending
June 30, 2003 and 2004, and the related consolidated
statements of operations, and shareholders'equity and cash flows
for three months ending June 30, 2003 and 2004 in
accordance with standards established by the American Institute
of Certified Public Accountants.  All information included in these
financial statements is the representation of the management of
Bernard, Allan & Edwards, Inc.

A review consists principally of inquiries of company personnel and
analytical procedures applied to financial data.  It is substantially
less in scope than an audit in accordance with generally accepted
auditing standards, the objective of which is the expression of an
opinion regarding the financial statements taken as a whole.
Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material modifications
that should be made to the accompanying financial statements in
order for them to be in conformity with Accounting Principles
Generally Accepted in the United States.




Larry Legel, CPA

August 11, 2004
Ft Lauderdale, FL