REPORT DIGEST  
    ILLINOIS STUDENT ASSISTANCE 
    COMMISSION DESIGNATED ACCOUNT PURCHASE PROGRAM  
     
    FINANCIAL AUDIT  
    For the Years Ended:  
    June 30, 1997 
    and 
    June 30, 1996  
     
     
     
    Release Date:  
    March 5, 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  
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        INTRODUCTION  
         
      - This digest covers our financial audit of the Illinois Student Assistance Commission -
        Designated Account Purchase Program for the year ended June 30, 1997 and 1996.
 
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      AUDITORS' OPINION  
         
      - Our auditors stated the June 30, 1997 and and June 30, 1996 financial statements of the
        Program are fairly presented.
 
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      ____________________________________ 
        WILLIAM G. HOLLAND, Auditor General  
       
      - WGH:JW:ak 
 
     
      
      SPECIAL ASSISTANT AUDITORS  
         
      - Pandolfi, Topolski, Weiss & Co., Ltd. were our special assistant auditors for this
        audit.
 
     
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