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SETTLEMENT OFFER ON DISPUTED ACCOUNT

              SETTLEMENT OFFER

              Date:

              To:

              RE: SETTLEMENT OFFER ON DISPUTED ACCOUNT

              Sirs:

              We acknowledge your bills indicating a balance you claim to be due you in
              the amount of $ _________.

              This alleged debt is disputed for the following reasons:

              [explain reasons in full]
              _________________________________________________________
              _________________________________________________________
              _________________________________________________________
              _________________________________________________________
              _________________________________________________________
 

              As an offer in compromise, and without admitting liability, we offer to
              settle this claim in full for the sum of $___________.  Our check in said
              amount is enclosed and your depositing of the check will signify your
              agreement and will discharge the entire amount claimed and release us from
              all liability thereon.
 

              Very truly yours,

              ___________________________