THE INDUSTRIAL BANK OF JAPAN, LIMITED

3-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8210, Japan

Phone: (03)3214-1111 Fax: (03)3214-0860 Telex: J22325

YOH KUROSAWA

CHAIRMAN
OF THE BOARD OF DIRECTORS

AUG 10 1998

July 30, 1998

The Honorable Henry A. Kissinger
Kissinger Associates
350 Park Avenue
New York, NY 10022-6022
U.S.A.

Dear Dr. Kissinger,

It was so nice to see you again in Paris on the occasion of the Booz & Allen Advisory Board Meeting. The meeting was quite informative and interesting. I enjoyed it very much, especially to hear your opinion with deep insights.

I am enclosing a picture taken on the occasion of the Three Tenor Concert. I hope it would remain as a colorful reminiscence.

I am looking forward to seeing you in the not too distant future. In the meanwhile, please accept my best wishes for your good health and further success.