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<SEC-DOCUMENT>0000107140-07-000045.txt : 20070625
<SEC-HEADER>0000107140-07-000045.hdr.sgml : 20070625
<ACCEPTANCE-DATETIME>20070625145413
ACCESSION NUMBER:		0000107140-07-000045
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061231
FILED AS OF DATE:		20070625
DATE AS OF CHANGE:		20070625

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WILEY JOHN & SONS INC
		CENTRAL INDEX KEY:			0000107140
		STANDARD INDUSTRIAL CLASSIFICATION:	BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731]
		IRS NUMBER:				135593032
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11507
		FILM NUMBER:		07938602

	BUSINESS ADDRESS:	
		STREET 1:		111 RIVER STREET
		CITY:			HOBOKEN
		STATE:			NJ
		ZIP:			07030
		BUSINESS PHONE:		2017486000

	MAIL ADDRESS:	
		STREET 1:		111 RIVER STREET
		CITY:			HOBOKEN
		STATE:			NJ
		ZIP:			07030
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>a11kdec2006.txt
<DESCRIPTION>2006 EMPLOYEES' SAVING PLAN
<TEXT>










                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549


                                    FORM 11-K


                  [ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934

                      for the year ended December 31, 2006

                                       Or


                 [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

            for the transition period from --------- to --------------


                      Commission file number    1-11507
                                             ----------








<PAGE>




                 John Wiley & Sons, Inc. Employees' Savings Plan

                   Index to Financial Statements and Schedule



                                                                        Page No.
                                                                        --------

Report of Independent Registered Public Accounting Firm                        1

Statements of Net Assets Available for Benefits
  as of December 31, 2006 and 2005                                             2

Statements of Changes in Net Assets Available for
  Benefits for the Years Ended December 31, 2006 and 2005                      3

Notes to Financial Statements                                              4 - 8

Supplemental Schedule:*

  Schedule H, Line 4i -   Schedule of Assets (Held at End of Year),
                          as of December 31, 2006                              9

Signature                                                                     10

Exhibits:

23      Consent of Independent Registered Public Accounting Firm              11






* - Schedule required by Form 5500. Those that are not applicable are not
included.




<PAGE>


                                      - 1 -
             Report of Independent Registered Public Accounting Firm
             -------------------------------------------------------


To the Plan Administrator of the
John Wiley & Sons, Inc. Employees' Savings Plan:

We have audited the accompanying statements of net assets available for benefits
of the John  Wiley & Sons,  Inc.  Employees'  Savings  Plan  ("the  Plan") as of
December 31, 2006 and 2005, and the related  statements of changes in net assets
available for benefits for the years then ended. These financial  statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the net assets available for benefits of the Plan as of
December 31, 2006 and 2005, and the changes in net assets available for benefits
for the years then ended, in conformity with U. S. generally accepted accounting
principles.

Our audits  were  performed  for the  purpose of forming an opinion on the basic
financial  statements taken as a whole.  The supplemental  Schedule H, Line 4i -
Schedule  of  Assets  (Held at End of  Year) is  presented  for the  purpose  of
additional analysis and is not a required part of the basic financial statements
but is supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure  under the Employee  Retirement  Income
Security Act of 1974. The  supplemental  schedule is the  responsibility  of the
Plan's management.  The supplemental schedule has been subjected to the auditing
procedures  applied in the audit of the basic  financial  statements and, in our
opinion,  is fairly  stated in all  material  respects  in relation to the basic
financial statements taken as a whole.

/s/ KPMG LLP


New York, New York
June 25, 2007


<PAGE>


                                      - 2 -


                 John Wiley & Sons, Inc. Employees' Savings Plan

                 Statements of Net Assets Available for Benefits

                           December 31, 2006 and 2005



                                                    2006              2005
                                                    ----              ----

Investments, at Fair Value (Notes 2 and 3)     $167,064,423      $143,148,016
Participant Loans                                 2,721,887         2,469,390
                                                -----------       -----------


Net Assets Available for Benefits              $169,786,310      $145,617,406
                                                ===========       ===========



















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


<PAGE>
<TABLE>
<CAPTION>


                                      - 3 -


                 John Wiley & Sons, Inc. Employees' Savings Plan

           Statements of Changes in Net Assets Available for Benefits

                 For the Years Ended December 31, 2006 and 2005


                                                                                               December 31,
                                                                                          2006              2005
                                                                                          ----              ----
<S>                                                                                         <C>               <C>
Additions:
     Realized and unrealized appreciation of investments: (Notes 2 and 3)
       Unrealized gain on investments                                                 $ 8,690,130       $ 4,412,155
       Net realized gain on investments                                                   604,191           220,243
                                                                                     ------------      ------------
       Net appreciation in fair value of investments                                    9,294,321         4,632,398

     Interest and dividend income                                                       7,902,602         5,002,861
     Interest on participant loans                                                        106,674            87,820
     Contributions:
       Participant                                                                     11,227,380         9,853,829
       Employer                                                                         3,136,325         2,930,046
                                                                                     ------------      ------------

       Total contributions                                                             14,363,705        12,783,875
                                                                                     ------------      ------------

     Merger of Plan Assets  (Note 5)                                                       ---            5,759,225
                                                                                     ------------      ------------

     Total Additions                                                                   31,667,302        28,266,179
                                                                                     ------------      ------------

Deductions:
       Distributions to participants                                                    7,498,398         7,086,164
                                                                                     ------------      ------------

Net Increase                                                                           24,168,904        21,180,015

Net Assets Available for Benefits, beginning of year                                  145,617,406       124,437,391
                                                                                     ------------      ------------

Net Assets Available for Benefits, end of year                                       $169,786,310      $145,617,406
                                                                                     ============      ============
</TABLE>





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


<PAGE>


                                      - 4 -


                 John Wiley & Sons, Inc. Employees' Savings Plan

                          Notes to Financial Statements

                           December 31, 2006 and 2005


(1)  Description of the Plan:
     ------------------------

          The following represents only the major provisions of the John Wiley &
          Sons, Inc.  Employees' Savings Plan (the "Plan"),  as amended,  and is
          presented to assist in understanding the Plan's financial  statements.
          Participants  should refer to the Plan  Document  for a more  complete
          description of the Plan's provisions.

     General -

          The Plan is a defined  contribution plan that covers employees of John
          Wiley & Sons, Inc. (the "Company"). It is subject to the provisions of
          the  Employee  Retirement  Income  Security  Act of 1974,  as  amended
          ("ERISA").

     Administration -

          The Benefits  Administration  Board of John Wiley & Sons,  Inc.,  (the
          "Plan  Administrator")  administers  the Plan. The Company's  Board of
          Directors appoints the members of the Benefits Administration Board.

          Vanguard  Fiduciary Trust Company  ("VFTC") holds the Plan's assets in
          trust.

          The Plan's  assets are managed by an  affiliate  of VFTC and by Friess
          Associates.

          The Company pays the Plan's administrative expenses.

     Eligibility -

          Each employee is eligible to  participate in the Plan on the first day
          of the calendar quarter after completion of six months of service,  or
          the first day of any month thereafter.

     Vesting -

          A participant's  contribution  plus actual  earnings  thereon is fully
          vested and  non-forfeitable  at all times. The Company's  contribution
          plus actual  earnings  thereon becomes fully vested to the participant
          upon attaining age 65, at retirement,  upon total disability or death,
          or upon completion of three years of  participation  or three years of
          service. After one year but less than two years of participation,  34%
          of the Company's contribution becomes vested. After two years but less
          than three years of participation,  67% of the Company's  contribution
          becomes vested.  After three years of  participation or three years of
          service, 100% of the Company's contribution becomes vested.

     Contributions -

          A participant  designates between 2% and 25% of his or her base salary
          plus  overtime  to be  invested  in funds  chosen by the  participant.
          Subject to certain  limitations  prescribed  by the  Internal  Revenue
          Service (the "IRS"),  the Company  contributes an amount equal to 100%
          of the  first 2% of each  participant's  contribution  plus 25% of the
          next 4% contributed.



<PAGE>


                                     - 5 -

          No more than 25% of a  participant's  compensation  can be a "deferred
          cash  contribution",   that  is,  a  reduction  in  the  participant's
          compensation   and   therefore   tax-deferred.   The   deferred   cash
          contribution  of a  participant  under the age of 50 cannot  exceed an
          amount set  annually  by the IRS,  which in 2006  amounted to $15,000.
          Subject to certain  limitations  prescribed  by the IRS,  participants
          over 50 years  of age can  make  "catch  up"  contributions.  In 2006,
          participants  over 50 years  of age  could  contribute  a  maximum  of
          $20,000.

     Forfeitures -

          Participants who are not fully vested at the time they terminate their
          employment forfeit the non-vested portion of their account at the time
          of termination. However, the non-vested amount will be restored to the
          participant's  account  if the  participant  is  re-employed  within 5
          years.  The  amounts  forfeited  are  used  to  reduce  the  Company's
          contribution.  In 2006 and 2005,  no  forfeitures  were used to reduce
          Company  contributions.  At December  31, 2006,  forfeitures  totaling
          $193,334 were available to reduce future Company  contributions versus
          $89,082 at December 31, 2005.

     Investment Options -

          Funds in which  contributions can be invested,  as well as each fund's
          investment objective, are described below.

               o    the  Vanguard  500  Index  Fund  seeks  long-term  growth of
                    capital and income from  dividends  by  investing in all 500
                    stocks that comprise the S & P 500 index
               o    the Vanguard  Wellington  Fund invests in a diversified  and
                    balanced  portfolio  of bonds  and  common  stocks,  seeking
                    income and long-term growth of capital without undue risk
               o    the Brandywine Fund seeks long-term capital appreciation. It
                    invests  primarily  in the  stocks  of  companies  that have
                    proven records of profitability and strong earnings momentum
               o    the Vanguard  Explorer  Fund,  seeking  long-term  growth of
                    capital,   invests  primarily  in  common  stocks  of  small
                    capitalization  companies with  prospects for  above-average
                    growth
               o    the Vanguard  Federal  Money Market Fund seeks to maintain a
                    stable  share price and a high level of income by  investing
                    in short-term  securities issued by the U. S. Government and
                    its agencies
               o    the Vanguard Total Bond Market Index Fund seeks a high level
                    of interest income by investing in a large sampling of bonds
                    that match the key  characteristics  of the Lehman  Brothers
                    Aggregate Bond index
               o    the Vanguard  International Growth Fund invests primarily in
                    the  stocks of  established  non-U.  S.  issuers in order to
                    achieve long-term growth of capital
               o    the Vanguard Windsor II Fund invests in the common stocks of
                    a   diversified    group   of    out-of-favor    stocks   of
                    large-capitalization  companies, seeking long-term growth of
                    capital and income from dividends
               o    the Vanguard  Morgan Growth Fund seeks  long-term  growth of
                    capital,   investing   primarily  in  stocks  of  large  and
                    medium-sized companies that have strong records of growth in
                    sales  and  earnings  or that  have  performed  well  during
                    certain market cycles
               o    the Wiley  Stock Fund  invests  solely in the Class A Common
                    Stock of the Company and seeks  long-term  growth of capital
                    through  increases  in  the  value  of  the  stock  and  the
                    reinvestment of its dividends.
               o    the six  Vanguard  Target  Retirement  Funds seek to provide
                    capital  appreciation and current income consistent with its
                    current asset allocation.

     Investment of Contributions -

          A  participant  can invest his or her  contribution  and the Company's
          matching contribution in 1% multiples among any combination of sixteen
          available investment options, which include a choice of fifteen mutual
          funds and the Wiley Stock Fund,  provided  that  contributions  to the
          Wiley  Stock  Fund  do  not  exceed  25% of  the  participant's  total
          contribution.  Participants  deemed  subject to the short swing profit
          recovery provisions of Section 16(b) of the Securities Exchange Act of
          1934 are prohibited from investing in the Wiley Stock Fund.


<PAGE>


                                      - 6 -

          A  participant  is  permitted to change the  allocation  of his or her
          contribution daily.  Subject to certain limitations imposed by VFTC, a
          participant  can transfer  existing fund balances to other  investment
          options daily.

     Payment of Benefits -

          Withdrawals by  participants  of their account  balances are permitted
          when the participant  reaches age 59 1/2, proves financial hardship or
          terminates his or her employment.  Withdrawals of  contributions  that
          are not tax-deferred can be made as often as twice each calendar year.

     Termination of Employment -

          Upon  termination  of  employment,  a  participant  has the  option of
          receiving  the  balance  in his  or her  account  as an  immediate  or
          deferred lump sum, in installments, or by a direct "roll over" into an
          individual  retirement  account  or  another  qualified  plan.  If the
          participant's  balance is at least $5,000, it may be left in the Plan.
          Terminated  participants  who elect to leave their account  balance in
          the Plan retain the same rights to transfer  balances between funds as
          active participants.

          Participants  who retire (a) on  disability,  (b) at age fifty-five or
          later with ten or more years of service,  or (c) at age  sixty-five or
          later  may elect to  receive a  lump-sum  cash  payment,  or annual or
          monthly installments over a five, ten, or fifteen year period.  Annual
          installments  begin one year after termination;  monthly  installments
          begin immediately. The installment payments are made in equal amounts,
          and each includes income credited to the participant's account balance
          before the installment amount is calculated.

     Participant Loans -

          Participants may borrow from the vested portion of their account,  and
          then repay the loan with  interest  through  payroll  deductions.  The
          interest  rates on loans  outstanding at December 31, 2006 ranged from
          2.52% to 10.0% per  annum.  The length of such  loans is  generally  5
          years but loans to purchase a primary  residence may be up to 20 years
          in length.  Loans are  limited to a minimum of $1,000 and a maximum of
          the  lesser of 50% of the  participant's  vested  balance,  or $50,000
          reduced by any outstanding  loans.  The amounts due from  participants
          under the loan provisions of the Plan, including accrued interest, are
          shown in the accompanying financial statements.

(2)  Summary of Significant Accounting Policies:
     -------------------------------------------

     Method of Accounting -

          The books and records of the Plan are maintained on an accrual basis.

     Use of Estimates -

          The  preparation  of financial  statements  in  conformity  with U. S.
          generally accepted  accounting  principles requires management to make
          estimates and assumptions  that affect the reported  amounts of assets
          and liabilities  and disclosure of contingent  liabilities at the date
          of the  financial  statements  and the reported  amounts of income and
          expenses during the reporting period. Actual results could differ from
          those estimates.

     Investments Valuation and Income Recognition -

          The  Plan's   investments  are  stated  at  fair  value,   except  for
          participant  loans.  Shares of mutual funds of  registered  investment
          companies  are valued at quoted  market  prices and  represent the net
          asset value of shares held by the Plan at year-end.  The Company stock
          fund is  valued at its  year-end  unit  closing  price  (comprised  of
          year-end market price plus any uninvested cash position).  Participant
          loans are stated at cost, which approximates fair value.

          Purchases and sales of investments are recorded on a trade-date basis.
          Interest  income  is  recorded  on an  accrual  basis.  Dividends  are
          recorded on the ex-dividend date.


<PAGE>


                                      - 7 -

          Investment securities,  in general, are exposed to various risks, such
          as interest rate, credit,  and overall market  volatility.  Due to the
          level of risk associated  with certain  investment  securities,  it is
          reasonably   possible   that  changes  in  the  values  of  investment
          securities  will  occur in the near term and that such  changes  could
          materially affect the amounts reported in the Statements of Net Assets
          Available for Benefits.

     Payment of Benefits -

          Benefits are recorded when paid.
<TABLE>
<CAPTION>

(3)  Fair Value of Investments:
     --------------------------

     The fair values of investments  that represent 5% or more of the Plan's net
     assets on December  31,  2006,  and the  comparable  values on December 31,
     2005, are as follows:

                                                                                      2006              2005
                                                                                      ----              ----
            <S>                                                                         <C>               <C>
            Vanguard Wellington Fund                                              $32,694,032       $28,915,326
            Vanguard 500 Index Fund                                                30,814,605        27,927,182
            Vanguard Explorer Fund                                                 16,703,599        15,731,193
            Brandywine Fund                                                        15,292,438        13,530,280
            Vanguard Total Bond Market Index Fund                                  14,054,510        12,053,938
            Vanguard Federal Money Market Fund                                     14,091,893        11,766,537
            Wiley Stock Fund                                                       11,757,563        11,472,741
            Vanguard Windsor II Fund                                               10,094,734         8,631,043
            Vanguard International Growth Fund                                     12,464,986         8,606,784

     During 2006 and 2005, the Plan's investments (including gains and losses on
     investments   bought   and  sold  as  well  as  held   during   the   year)
     appreciated/(depreciated) in value as follows:

                                                                                      2006              2005
                                                                                      ----              ----

            Mutual Funds                                                           $9,426,470        $3,484,592
            Wiley Stock Fund                                                         (132,149)        1,147,806
                                                                                --------------    -------------
            Net Appreciation                                                       $9,294,321        $4,632,398
</TABLE>

(4)  Tax Status:
     -----------

     In June 2002, the Company  received a favorable  determination  letter from
     the IRS  indicating  that  the Plan  and  related  trust  are  designed  in
     accordance  with Section 401 (a) of the Internal  Revenue Code (the "IRC").
     The Plan has been amended on various dates since the  determination  letter
     was originally filed with the IRS. However,  the Plan Administrator and the
     Plan's  legal  counsel  believe  that the Plan is designed and is currently
     being operated in compliance with the applicable requirements of the IRC.

(5)  Plan Merger:
     ------------

     On November 30, 2005,  all the assets of the Sybex Inc.  Profit Sharing and
     401 (k) Plan (the "Sybex Plan")  totaling  $5,759,225  were merged with the
     assets of the Plan. This included investments in mutual funds of $5,743,488
     and  participant  loans  receivable  of $15,737.  The Company had  acquired
     substantially all the assets of Sybex, Inc. in May 2005.


<PAGE>


                                      - 8 -

(6)  Plan Termination:
     -----------------

     Although  it has not  expressed  any intent to do so, the  Company  has the
     right under the Plan to discontinue  its  contributions  at any time and to
     terminate the Plan,  subject to the  provisions  of ERISA.  In the event of
     Plan  termination,  participants  will become 100  percent  vested in their
     accounts.

(7)  Risk and Uncertainties:
     -----------------------

     The Plan invests in various investment  securities.  Investment  securities
     are  exposed to  various  risks such as  interest  rate,  market and credit
     risks.  As a result,  changes in the value of investment  securities  could
     materially  affect the  amounts  reported in the  Statements  of Net Assets
     Available for Benefits.

(8)  Related Party Transactions:
     ---------------------------

     Certain of the Plan's investments consist of shares of mutual funds managed
     by an affiliate of VFTC. VFTC acts as Trustee for the Plan. Transactions in
     such investments qualify as party-in-interest  transactions that are exempt
     from the prohibited transaction rules.



<PAGE>
<TABLE>
<CAPTION>

                                      - 9 -


                 John Wiley & Sons, Inc. Employees' Savings Plan

         Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

                                December 31, 2006


EIN:13-5593032
Plan Number: 002


               Identity of Issue                        Description of Investment                       Current Value
     <S>                                             <C>                                                      <C>
     *   Vanguard Wellington Fund                    Registered Investment Company                    $  32,694,032
     *   Vanguard 500 Index Fund                     Registered Investment Company                       30,814,605
     *   Vanguard Explorer Fund                      Registered Investment Company                       16,703,599
     *   Brandywine Fund                             Registered Investment Company                       15,292,438
     *   Vanguard Total Bond Market Index Fund       Registered Investment Company                       14,054,510
     *   Vanguard Federal Money Market Fund          Registered Investment Company                       14,091,893
     *   Wiley Stock Fund                            Company Stock Fund                                  11,757,563
     *   Vanguard Windsor II Fund                    Registered Investment Company                       10,094,734
     *   Vanguard International Growth Fund          Registered Investment Company                       12,464,986
     *   Vanguard Morgan Growth Fund                 Registered Investment Company                        5,328,803
     *   Vanguard Target Retirement 2005 Fund        Registered Investment Company                        2,451,130
     *   Vanguard Target Retirement 2015 Fund        Registered Investment Company                          250,583
     *   Vanguard Target Retirement 2025 Fund        Registered Investment Company                          468,670
     *   Vanguard Target Retirement 2035 Fund        Registered Investment Company                          311,907
     *   Vanguard Target Retirement 2045 Fund        Registered Investment Company                          204,013
     *   Vanguard Retirement Income                  Registered Investment Company                           80,957
     *   Participant Loans                           475 loans to participants with interest
                                                     rates from 2.52% to 10.0% and maturity
                                                     dates from 2007 to 2026                              2,721,887
                                                                                                         ----------

         Total Investments                                                                             $169,786,310
                                                                                                     --------------
</TABLE>

* - Indicates a party - in - interest to the Plan

See Report of Independent Registered Public Accounting Firm

<PAGE>


                                     - 10 -

                                    SIGNATURE




Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Benefits  Administration  Board of John Wiley & Sons,  Inc. has duly caused this
annual  report to be  signed on its  behalf  by the  undersigned  hereunto  duly
authorized.



                             John Wiley & Sons, Inc.
                             Employees' Savings Plan
                             -----------------------
                                  (Registrant)


                            By: /s/ Vincent Marzano
                               --------------------
                                Vincent Marzano
                          Vice President and Treasurer
                      Benefits Administration Board Member




<PAGE>


                                     - 11 -

                                                                      Exhibit 23


            CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Plan Administrator of the
John Wiley & Sons, Inc. Employees' Savings Plan

We consent to the incorporation by reference in the Registration  Statement Nos.
333-123359,  333-93691,  33-60268,  2-65296, 2-95104,  33-29372, and 33-62605 on
Form S-8 of John Wiley & Sons,  Inc.  of our report  dated June 25,  2007,  with
respect to the statements of net assets available for benefits of the John Wiley
& Sons,  Inc.  Employees'  Savings  Plan as of December  31, 2006 and 2005,  the
related statements of changes in net assets available for benefits for the years
then ended,  and related  supplemental  schedule,  which  report  appears in the
December  31,  2006  annual  report on Form 11-K of the John Wiley & Sons,  Inc.
Employees' Savings Plan.




/s/ KPMG LLP



New York, New York
June 25, 2007
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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