TO:All Corporate and Division Executives,Managers,Editors,and Authors

　　Jeffrey C.Eliott is appointed Vice President and Editorial Director of the corporation,effective March 1,2006.

　　In assuming this new assignment,Jeff replaces Mr.Green,whose retirement was announced in my memo of December 9,2005.

　　As the Book Company pursues its role as a major factor in the publishing of U.S.and foreign educational materials,it can only maintain its leadership by ?recruiting? and training superior editorial,design,and production personnel.This is critical and underlies our ability to reach our goals.Of equal importance is the ?absolute? need to maintain the high standards of editorial quality that largely ?accounts? for our success.While Jeff’s assignment will embrace many functions,his greatest contribution should come in these two areas:

　　1. Finding and training good people

　　2. Helping to produce quality books and instructional materials

　　Reporting to Jeff and assisting him in these objectives will be Mrs.Marie Miller,Manager of Editing Services,Miss Lucille Lawson,Manager of Copyrights and Permissions,and William Woodson,Assistant Vice President,Production Research.

　　Jeffrey C.Elliot grew up in Oklahoma,graduated cum laude from Oklahoma State University and in that state began his professional life as a school teacher.He worked briefly as a sales representative for our company and was Associate Dean of Beacon College,in Richmond,California.As Editor in Chief of the Business Books Division,Jeff has had a major hand in bringing that division to editorial eminence in business education.?　　

　　Edward E.Meagher