FASB: Credit Suisse First Boston's conference call on the amendments to FAS 140 discussed the key challenges and issues that the market – both term and ABCP – will be commenting on and structuring towards once the rules are set in stone. The comment period ends July 31.

According to speakers, for public companies, adoption will take place in the quarter immediately following the final issuance of the standard, and during the first. Michael Hall of KPMG -- careful to distinquish his personal views from his firms -- believes the final amendments will be issued in the first quarter 2004 and adopted in the second quarter.

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