REPORT DIGEST

FINANCIAL AUDIT
For the Year Ended:
June 30, 1998

Release Date:
February 11, 1999

State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

INTRODUCTION

This digest covers our financial audit of the S.I.U. at Edwardsville Foundation for the year ended June 30, 1998.   A compliance audit covering the two years ended June 30, 1999 will be issued at a later date.

AUDITORS' OPINION

Our auditors stated the June 30, 1998 financial statements of the Foundation are fairly presented.

_____________________________________
WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

PricewaterhouseCoopers L.L.P. were our special assistant auditors for this audit.