<PAGE>

                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act
                                     of 1934

                  For the Quarterly Period Ended March 31, 2002

                           Commission File No. 0-19811
                                               -------

                           OPTA FOOD INGREDIENTS, INC.
             (Exact Name of Registrant as Specified in its Charter)


        Delaware                                         04-3117634
        --------                                         ----------
(State of Incorporation)                    (I.R.S. Employer Identification No.)


25 Wiggins Avenue, Bedford, MA                              01730
------------------------------                              -----
(Address of Principal Executive Offices)                  Zip Code)


                                 (781) 276-5100
                                 --------------
                (Registrant's Telephone No., Including Area Code)


Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                                  YES  X   NO
                                     -----   -----


As of May 10, 2002, the registrant had 10,856,873 shares of common stock
outstanding.

<PAGE>

Opta Food Ingredients, Inc.

Form 10-Q
--------------------------------------------------------------------------------

                          Quarter Ended March 31, 2002
                                Table of Contents

<TABLE>
<CAPTION>
                                                                           Page
                                                                          Number
                                                                          ------
<S>                                                                       <C>
Part I - Financial Information
------------------------------

Item 1 - Financial Statements

  Consolidated Balance Sheet
    March 31, 2002 and December 31, 2001                                       3
  Consolidated Statement of Operations for the Three Months Ended
    March 31, 2002 and 2001                                                    4
  Consolidated Statement of Cash Flows for the Three Months Ended
    March 31, 2002 and 2001                                                    5
  Notes to Consolidated Financial Statements                                   6


Item 2 - Management's Discussion and Analysis of
  Financial Condition and Results of Operations                                8

Item 3 - Quantitative and Qualitative Disclosure
  About Market Risk                                                           11


Part II - Other Information
---------------------------

  Item 1 through Item 6                                                       12

  Signatures                                                                  13
</TABLE>

<PAGE>

Opta Food Ingredients, Inc.
Consolidated Balance Sheet (in thousands)
--------------------------------------------------------------------------------
(Unaudited)

<TABLE>
<CAPTION>
                                                                      March 31,        December 31,
                                                                         2002             2001
                                                                     -----------       -----------
<S>                                                                  <C>               <C>
ASSETS

 Current assets:
   Cash and cash equivalents                                         $     2,633       $     1,579
   Short term investments                                                  3,139             4,341
   Accounts receivable, net                                                4,116             3,679
   Inventories (Note 3)                                                    6,253             6,124
   Prepaid expenses and other current assets                                 374               164
                                                                     -----------       -----------

          Total current assets                                            16,515            15,887

 Fixed assets, net                                                        22,610            23,249
 Patents and trademarks, net                                                 307               331
 Goodwill, net                                                             1,223             1,223
 Other assets                                                                684               695
                                                                     -----------       -----------

                                                                     $    41,339       $    41,385
                                                                     ===========       ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

 Current liabilities:
   Current portion of long term debt                                 $       254       $       333
   Accounts payable                                                        1,001               926
   Accrued expenses                                                          853               963
                                                                     -----------       -----------

          Total current liabilities                                        2,108             2,222

 Long term debt                                                            1,722             1,738

 Stockholders' equity:
   Common stock                                                              113               113
   Additional paid-in capital                                             79,943            79,943
   Treasury stock, at cost                                                (1,115)           (1,115)
   Accumulated other comprehensive loss                                     (109)             (107)
   Accumulated deficit                                                   (41,323)          (41,409)
                                                                     -----------       -----------
          Total stockholders' equity                                      37,509            37,425
                                                                     -----------       -----------

                                                                     $    41,339        $   41,385
                                                                     ===========       ===========
</TABLE>

         The accompanying notes are an integral part of the consolidated
                              financial statements.

                                       3

<PAGE>

Opta Food Ingredients, Inc.
Consolidated Statement of Operations (in thousands, except per share data)
--------------------------------------------------------------------------------
(Unaudited)

<TABLE>
<CAPTION>
                                                                      For the three months
                                                                        ended March 31,
                                                                   -------------------------
                                                                      2002           2001
                                                                   -----------   -----------
<S>                                                                <C>           <C>
Product revenue                                                    $     6,452    $    6,322

Cost and expenses:
  Cost of revenue                                                        4,910         5,078
  Selling, general and administrative                                    1,033         1,143
  Research and development                                                 437           722
                                                                   -----------   -----------
                                                                         6,380         6,943
                                                                   -----------   -----------

Income (loss) from operations                                               72          (621)

Other income (expense):
  Interest income                                                           35           145
  Interest expense                                                         (35)          (51)
  Other income                                                              14            28
                                                                   -----------   -----------
                                                                            14           122
                                                                   -----------   -----------

Net income (loss)                                                  $        86        ($ 499)
                                                                   ===========   ===========

Basic net income (loss) per share (Note 5)                         $       .01        ($ .05)
                                                                   ===========   ===========

Diluted net income (loss) per share (Note 5)                       $       .01        ($ .05)
                                                                   ===========   ===========

Weighted average shares outstanding - basic                             10,857        10,788
                                                                   ===========   ===========

Weighted average shares outstanding - diluted                           10,857        10,788
                                                                   ===========   ===========
</TABLE>

         The accompanying notes are an integral part of the consolidated
                             financial statements.

                                       4

<PAGE>

Opta Food Ingredients, Inc.
Consolidated Statement of Cash Flows (in thousands)
--------------------------------------------------------------------------------
(Unaudited)

<TABLE>
<CAPTION>
                                                                   For the three months ended
                                                                           March 31,
                                                                   ---------------------------
                                                                      2002             2001
                                                                   ----------       ----------
<S>                                                                <C>              <C>
Cash flows from operating activities:
  Net income (loss)                                                $       86       $     (499)
  Adjustments to reconcile net income (loss) to net cash used
    in operating activities:
    Depreciation and amortization                                         720              762
    Change in assets and liabilities:
       Increase in accounts receivable, net                              (438)            (679)
       Increase in inventories, net                                      (129)            (255)
       Increase in prepaid expenses and other assets                     (210)            (117)
       Increase in accounts payable                                        75              215
       Decrease in accrued expenses                                      (109)            (531)
                                                                   ----------       ----------
  Total adjustments                                                       (91)            (605)
                                                                   ----------       ----------

Net cash used in operating activities                                      (5)          (1,104)

Cash flows from investing activities:
  Purchase of short term investments                                     (222)          (1,420)
  Maturity of short term investments                                    1,424              751
  Purchase of fixed assets                                                (48)          (1,383)
  Increase in patents and trademarks                                      (10)             (36)
  Decrease in other assets                                                 10              424
                                                                   ----------        ---------
Net cash provided by (used in) investing activities                     1,154           (1,664)

Cash flows from financing activities:
  Principal payments on long term debt                                    (95)            (129)
                                                                   ----------        ---------
Net cash used in financing activities                                     (95)            (129)
                                                                   ----------        ---------

Effect of changes in exchange rates on cash                                 -               (9)

Net increase (decrease) in cash and cash equivalents                    1,054           (2,906)
Cash and cash equivalents at beginning of period                        1,579            6,807
                                                                   ----------       ----------
Cash and cash equivalents at end of period                         $    2,633       $    3,901
                                                                   ==========       ==========
</TABLE>

         The accompanying notes are an integral part of the consolidated
                              financial statements.

                                       5

<PAGE>

Opta Food Ingredients, Inc.
Notes to Consolidated Unaudited Financial Statements
--------------------------------------------------------------------------------

1.   Basis of Presentation

     The consolidated financial statements of Opta Food Ingredients, Inc. (the
     "Company") include, in the opinion of management, all adjustments
     (consisting of normal and recurring adjustments) necessary for a fair
     statement of the Company's financial position at March 31, 2002 and
     December 31, 2001 and the results of operations for the three months ended
     March 31, 2002 and 2001, respectively. All material intercompany
     transactions and balances have been eliminated. The results of operations
     are not necessarily indicative of results for a full year.

     These unaudited interim consolidated financial statements should be read in
     conjunction with the audited consolidated financial statements contained in
     the Company's Annual Report on Form 10-K for the year ended December 31,
     2001, filed with the Securities and Exchange Commission pursuant to Section
     13 of the Securities Exchange Act of 1934. The consolidated balance sheet
     data as of December 31, 2001 was derived from audited financial statements.
     Certain information and footnote disclosures normally included in the
     financial statements prepared in accordance with generally accepted
     accounting principles have been condensed or omitted pursuant to the
     Securities and Exchange Commission rules and regulations.

2.   Recent Pronouncements

     In July 2001, the Financial Accounting Standards Board (the "FASB") issued
     SFAS No. 141, "Business Combinations" and SFAS No. 142, "Goodwill and Other
     Intangible Assets". SFAS No. 141 requires that business combinations be
     accounted for under the purchase method only and that certain acquired
     intangible assets in a business combination be recognized as assets apart
     from goodwill. SFAS No. 142 requires that ratable amortization of goodwill
     be discontinued and replaced with periodic tests of the goodwill's
     impairment and that certain intangible assets other than goodwill be
     amortized over their useful lives. SFAS No. 141 is effective for all
     business combinations initiated after June 30, 2001. The Company recorded
     goodwill amortization of $41,000 during the first quarter of 2001 which did
     not recur in the first quarter of 2002 due to the adoption of SFAS No. 142.
     The Company adopted the provisions of SFAS No. 142 on January 1, 2002. The
     Company is currently in the process of performing the transitional
     impairment test on the unamortized goodwill balance of $1.2 million. Under
     the transition provisions of SFAS No. 142, this test is required to be
     completed by June 30, 2002. The Company does not believe a potential
     impairment exists.

     In August 2001, the FASB issued SFAS No. 143, "Accounting for Asset
     Retirement Obligations", which provides the accounting requirements for
     retirement obligations associated with tangible long-lived assets. This
     Statement requires entities to record the fair value of a liability for an
     asset retirement obligation in the period in which it is incurred. This
     Statement is effective for our 2003 fiscal year, and early adoption is
     permitted. The adoption of SFAS No. 143 is not expected to have an impact
     on our consolidated results of operations, financial position or cash
     flows.

                                        6

<PAGE>
Opta Food Ingredients, Inc.
Notes to Consolidated Unaudited Financial Statements (Continued)
--------------------------------------------------------------------------------

     In October 2001, the FASB issued SFAS No. 144, "Accounting for the
     Impairment or Disposal of Long-Lived Assets", which excludes from the
     definition of long-lived assets goodwill and other intangibles that are not
     amortized in accordance with SFAS No. 142. SFAS No. 144 requires that
     long-lived assets to be disposed of by sale be measured at the lower of
     carrying amount or fair value less cost to sell, whether reported in
     continuing operations or in discontinued operations. SFAS No. 144 also
     expands the reporting of discontinued operations to include components of
     an entity that have been or will be disposed of rather than limiting such
     discontinuance to a segment of a business. The Company adopted SFAS No. 144
     on January 1, 2002 with no material effect on our consolidated results of
     operations, financial position or cash flows.

3.   Inventories

     Inventories consist of the following (in thousands):

<TABLE>
<CAPTION>
                                          March 31,         December 31,
                                            2002                2001
                                        ------------        ------------
      <S>                                <C>                 <C>
     Raw materials                      $        727        $        681
     Finished goods                            5,526               5,443
                                        ------------        ------------
                                        $      6,253        $      6,124
                                        ============        ============
</TABLE>

     Inventories are stated at the lower of cost or market, cost being
     determined using the first-in, first-out method.

4.   Net Income (Loss) Per Share

     Basic net income (loss) per share is determined by dividing the net income
     (loss) by the weighted average number of common shares outstanding during
     the period. Diluted net income (loss) per share for the three months ended
     March 31, 2002 is determined by dividing the net income by the weighted
     average shares outstanding including common stock equivalents. For the
     three months ended March 31, 2001, all common stock equivalents have been
     excluded from weighted average shares outstanding for calculating diluted
     net income (loss) per share because such equivalents are anti-dilutive.

5.   Comprehensive Income (Loss)

     For the three months ended March 31, 2002, the Company's comprehensive
     income was $84,000, which was comprised of the net income of $86,000 and a
     loss on foreign currency translation of $2,000, as compared to a
     comprehensive net loss of $559,000, which was comprised of a net loss of
     $499,000 and a loss on foreign currency translation of $60,000 for the same
     period in 2001.

6.   Restructuring

     During the fourth quarter of 2001, the Company recorded a charge of
     $161,000 for severance and related costs due to a reduction in headcount as
     part of a corporate restructuring program. For the three months ended March
     31, 2002, $147,000 of these charges had been paid.

                                       7

<PAGE>

Part I Item 2

Opta Food Ingredients, Inc.
Management's Discussion and Analysis of Financial Condition and
Results of Operations
--------------------------------------------------------------------------------

Introduction:

Opta Food Ingredients, Inc. ("Opta" or the "Company") is a fully integrated
developer, manufacturer and marketer of proprietary food ingredients used by
consumer food companies to improve the nutritional content, healthfulness and
taste of a wide variety of foods. The Company modifies inexpensive raw materials
and produces natural food ingredients that can be considered Generally
Recognized as Safe ("GRAS") under current U.S. Food and Drug Administration
("FDA") regulations.

You should read the following discussion in conjunction with (1) the Company's
accompanying unaudited Consolidated Financial Statements and notes thereto
included in this report on Form 10-Q and (2) the Company's audited Consolidated
Financial Statements, notes thereto and Management's Discussion and Analysis of
Financial Condition and Results of Operations as of and for the year ended
December 31, 2001 included in our Annual Report on Form 10-K for such period.

The following Discussion and Analysis of the Company's Financial Condition and
Results of Operations may contain forward-looking statements that are based on
current expectations, estimates and projections. Such forward-looking statements
reflect management's good-faith evaluation of information currently available.
However, because such statements are based upon, and therefore can be influenced
by, a number of external variables over which management has no, or incomplete,
control, they are not, and should not be read as being guarantees of future
performance or of actual future results; nor will they necessarily prove to be
accurate indications of the times at or by which any such performance or result
will be achieved. Accordingly, actual outcomes and results may differ materially
from those expressed in such forward-looking statements. The Company does not
intend to update any such forward-looking statements. Factors which could cause
actual results to differ from these expectations include sales to a small number
of food and food service companies, the size and timing of significant orders,
as well as deferral of orders, over which the Company has no control; the
extended product testing cycles of the Company's potential customers; the
variation in the Company's sales cycles from customer to customer; increased
competition posed by food ingredient manufacturers; changes in pricing policies
by the Company and its competitors; the adequacy of existing, or the need to
secure or build additional manufacturing capacity in order to meet the demand
for the Company's products; the Company's success in expanding its sales and
marketing programs and its ability to gain increased market acceptance for its
existing product lines; the Company's ability to timely develop and successfully
introduce new products in its pipeline at acceptable costs; the ability to scale
up and successfully produce its products; the potential for significant
quarterly variations in the mix of sales among the Company's products; the gain
or loss of significant customers; shortages in the availability of raw materials
from the Company's suppliers; the impact of new government regulations on food
products; the challenges of integrating the operations of acquired businesses;
and general economic conditions. Factors that could cause or contribute to such
differences include the factors discussed in the section titled "Business" under
the caption "Cautionary Statement Regarding Forward-Looking Statements" as well
as other risk factors as stated in the Company's Annual Report on Form 10-K.

                                        8

<PAGE>

Opta Food Ingredients, Inc.
Management's Discussion and Analysis of Financial Condition and
Results of Operations
--------------------------------------------------------------------------------

Results of operations for the three months ended March 31, 2002 and 2001:

Revenue. Revenue for the three months ended March 31, 2002 was $6.5 million,
representing an increase of $130,000 or 2% in comparison to $6.3 million for the
comparable 2001 quarter. The increase in revenue was primarily attributable to
an increase in fiber sales to two major international customers as well as the
impact of a price increase related to the Company's fiber products which went
into effect January 1, 2002.

Cost of Revenue. Cost of revenue for the three months ended March 31, 2002 was
$4.9 million, representing a decrease of $168,000 or 3% in comparison to $5.1
million for the comparable 2001 quarter. Cost of revenue as a percentage of
revenue decreased to 76% for the first quarter of 2002 as compared to 80% in the
first quarter of 2001. This decrease was attributable to lower manufacturing
costs due to production efficiencies.

Selling, General and Administrative Expenses. Selling, general and
administrative ("SG&A") expenses for the three months ended March 31, 2002 were
$1.0 million representing a decrease of $110,000 or 10% in comparison to $1.1
million for the comparable 2001 quarter. The decrease in SG&A expenses was
principally due to lower marketing costs as well as a reduction in amortization
expense amounting to approximately $41,000 per quarter as a result of the
adoption of SFAS No. 142 "Goodwill and Other Intangible Assets."

Research and Development Expenses. Research and development ("R&D") expenses for
the three months ended March 31, 2002 were $437,000 representing a decrease of
$285,000 or 39% in comparison to $722,000 for the comparable 2001 quarter. A
majority of the decrease in R&D expenses was the result of lower salaries and
related personnel costs attributable to a reduction in headcount based on the
Company's corporate restructuring program. R&D expenses as a percentage of
revenue decreased to 7% for the first quarter of 2002 from 11% for the same
period last year.

Other Income, Net. Other income for the three months ended March 31, 2002 was
$14,000, representing a decrease of $108,000 or 88% in comparison to $122,000
for the comparable 2001 quarter. The decrease was due to a reduction in interest
income on lower levels of cash and investments during the first quarter of 2002
as compared to the comparable 2001 quarter as well as an overall reduction in
investment yields.

Liquidity and Capital Resources:

At March 31, 2002, the Company had $6.3 million in cash and investments and
$14.4 million of working capital. As a result of achieving operating
profitability for the three months ended March 31, 2002, the Company used
approximately $5,000 of cash in operations compared with approximately $1.1
million used in the comparable 2001 quarter.

Capital expenditures were $48,000 and $1.4 million for the three months ended
March 31, 2002 and 2001, respectively. The majority of the capital expenditures
in 2001 were a result of expanding the Company's

                                        9

<PAGE>

Opta Food Ingredients, Inc.
Management's Discussion and Analysis of Financial Condition and
Results of Operations
--------------------------------------------------------------------------------

Cambridge, Minnesota oat fiber production facility to meet anticipated future
growth. The total cost of the expansion was approximately $3.7 million which was
funded out of internal funds and was completed in April 2002.

The Company's various debt agreements contain covenants that restrict the
Company's ability to participate in merger discussions, pay dividends, limit
annual capital expenditures, invest in certain types of securities and obtain
additional debt financing without bank approval. The Company was in compliance
with respect to all covenants and restrictions in its loan agreements at March
31, 2002.

The Company believes that its existing cash and cash equivalents, short term
investments, long and short term debt and product sales will be adequate to fund
potential future losses as well as its planned operations, capital requirements
and expansion needs through the next few years. However, the Company may require
additional capital in the long term, which it may seek through equity or debt
financing, equipment lease financing or funds from other sources. No assurance
can be given that these funds will be available to the Company on acceptable
terms, if at all. In addition, because of the Company's need for funds to
support future operations, it may seek to obtain capital when conditions are
favorable, even if it does not have an immediate need for additional capital at
such time.

Critical Accounting Policies and Estimates

The preparation of the consolidated financial statements requires the Company to
make estimates and judgments that affect the reported amounts of assets,
liabilities and expenses. On an on-going basis, the Company evaluates its
estimates, including those related to uncollectible accounts receivable,
inventories, goodwill, intangibles and other long-lived assets. The Company
bases its estimates on historical experience and on various other assumptions
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions.

The Company believes the following critical accounting policies affect its more
significant judgments and estimates used in the preparation of its consolidated
financial statements:

          .    The Company maintains allowances for uncollectible accounts
               receivable for estimated losses resulting from the inability of
               its customers to make required payments. If the financial
               condition of the Company's customers were to deteriorate,
               resulting in an impairment of their ability to make payments,
               additional allowances may be required.

          .    The Company maintains allowances for estimated excess or obsolete
               inventories based on the Company's review of inventory levels,
               projected future sales and comparison of actual manufacturing
               costs to standard costs. If actual market conditions are less
               favorable than those projected by management, additional
               allowances or write-downs may be required.

                                       10


<PAGE>

Opta Food Ingredients, Inc.
Management's Discussion and Analysis of Financial Condition and
Results of Operations
--------------------------------------------------------------------------------

          .    Property, plant and equipment, goodwill, patents, trademarks and
               other intangible assets owned by the Company are amortized over
               their estimated useful lives. Useful lives are based on
               management's estimates over the period that such assets will
               generate revenue. Intangible assets are reviewed for impairment
               whenever events or changes in circumstances indicate that the
               carrying value of an asset may not be recoverable. Future adverse
               changes in market conditions or poor operating results of
               underlying capital investments or intangible assets could result
               in losses or an inability to recover the carrying value of such
               assets, thereby possibly requiring an impairment charge in the
               future.

Part I Item 3

Quantitative and Qualitative Disclosure about Market Risk
---------------------------------------------------------

Market Rate Risk

Market risks relating to the Company's operations result primarily from changes
in interest rates and foreign currency exchange rates. The Company currently
does not use derivative financial instruments for trading or hedging purposes,
and does not consider its exposure in these areas to be material.

Interest Rate Risk

The Company's exposure to market rate risk for changes in interest rates relates
to its cash equivalents and short-term investments. Cash equivalents consist of
money market mutual funds and other high-credit quality short-term investments
with an original maturity of three months or less. A hypothetical 10% increase
in interest rates would not have a material impact on the fair market value of
these instruments due to their short maturities.

Foreign Currency Exchange Rate Risk

The Company conducts a portion of its business outside the United States through
its foreign subsidiary. The Company's foreign subsidiary maintains its
accounting records in its local currency. Consequently, changes in currency
exchange rates may affect the translation of its foreign statement of operations
into U.S. dollars, which may in turn affect the Company's consolidated statement
of operations. Substantially all of the Company's revenue is invoiced and
collected in U.S. dollars. A hypothetical 10% change in foreign currency
exchange rates would not have a material impact on the Company's results.

                                       11

<PAGE>

Opta Food Ingredients, Inc.
Part II - Other Information
--------------------------------------------------------------------------------

Items 1, 2, 3, 4, 5 and 6(b) - Not Applicable.

Item 6 (a)  Exhibits

     (11)   Basic and diluted net income (loss) per share computation (in
            thousands, except per share data):

<TABLE>
<CAPTION>
                                                                       For the three months
                                                                         ended March 31,
                                                                     -----------------------
                                                                        2002         2001
                                                                     ----------   ----------
<S>                                                                  <C>          <C>
Net income (loss)                                                    $       86       ($ 499)
                                                                     ==========   ==========

Weighted average common shares outstanding - basic                       10,857       10,788
                                                                     ==========   ==========

Weighted average common shares outstanding - diluted                     10,857       10,788
                                                                     ==========   ==========

Net income (loss) per share - basic                                  $      .01       ($ .05)
                                                                     ==========   ==========

Net income (loss) per share - diluted                                $      .01       ($ .05)
                                                                     ==========   ==========
</TABLE>

For the three months ended March 31, 2002, diluted net income (loss) per share
is determined by dividing the net income (loss) by the weighted average shares
outstanding including common stock equivalents which represent employee stock
options. For the three months ended March 31, 2001, all common stock equivalents
have been excluded from weighted average shares outstanding for calculating
diluted net income (loss) per share because such equivalents are anti-dilutive.

                                       12

<PAGE>

Opta Food Ingredients, Inc.
Signatures
--------------------------------------------------------------------------------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              Opta Food Ingredients, Inc.
                              ---------------------------
                                      (Registrant)





DATE: May 13, 2002            BY: /s/ Arthur J. McEvily, Ph.D.
                                  ------------------------------------
                                  Arthur J. McEvily, Ph.D.
                                  President and Chief Executive Officer
                                  (principal executive officer)



DATE: May 13, 2002            BY: /s/ Scott A. Kumf
                                  -------------------------------------
                                  Scott A. Kumf
                                  Chief Operating Officer,
                                  Chief Financial Officer and Treasurer
                                  (principal financial and accounting officer)

                                       13