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<SEC-DOCUMENT>0001104659-09-003311.txt : 20090420
<SEC-HEADER>0001104659-09-003311.hdr.sgml : 20090420
<ACCEPTANCE-DATETIME>20090121173905
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-09-003311
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATLANTIC TELE NETWORK INC /DE
		CENTRAL INDEX KEY:			0000879585
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				470728886
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		10 DERBY SQUARE
		CITY:			SALEM
		STATE:			MA
		ZIP:			01970
		BUSINESS PHONE:		9786191300

	MAIL ADDRESS:	
		STREET 1:		10 DERBY SQUARE
		CITY:			SALEM
		STATE:			MA
		ZIP:			01970
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>

<html>

<head>





</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ATLANTIC TELE-NETWORK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10 Derby Square</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Salem, MA 01970</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:4.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;21, 2009</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:4.0in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;"><b><u><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">BY EDGAR SUBMISSION</font></u></b></p>

<p style="color:black;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Securities and
Exchange Commission</font></p>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:normal;">100
F Street, N.E.</font></b></p>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:normal;">Mail
Stop 3720</font></b></p>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:normal;">Washington,
D.C. 20549</font></b></p>

<p style="color:black;font-size:10.0pt;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><font color="black" style="color:windowtext;font-weight:normal;">&nbsp;</font></p>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:normal;">Attention:&#160; Larry Spirgel,&nbsp;Esq.</font></b></p>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;margin-left:.5in;width:100.0%;">
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.54%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">RE:</font></b></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.46%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Atlantic Tele-Network,&nbsp;Inc.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.54%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.46%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Form&nbsp;10-K for the year ended
  December&nbsp;31, 2007</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.54%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.46%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Filed March&nbsp;17, 2008</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.54%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.46%;">
  <p style="color:black;font-weight:bold;margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">File No.&nbsp;001-12593</font></b></p>
  </td>
 </tr>
</table>

<p style="color:black;font-weight:bold;margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><b><font size="2" color="black" face="Times New Roman">&nbsp;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Ladies
and Gentlemen:</font></p>

<p style="color:black;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">On behalf of
Atlantic Tele-Network,&nbsp;Inc. (&#147;ATN&#148; or the &#147;Company&#148;), please find below
responses to the comments provided to ATN by the staff of the Commission (the &#147;Staff&#148;)
in a letter dated December&nbsp;18, 2008 (the &#147;Letter&#148;) relating to ATN&#146;s Form&nbsp;10-K
for the year ended December&nbsp;31, 2007 (the &#147;2007 Form&nbsp;10-K&#148;).&#160; The responses are keyed to the numbering of
the comments in the Letter and appear following the comments which are restated
below in italics.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-decoration:underline;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Form&nbsp;10-K for the year ended December&nbsp;31,
2007</font></u></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-decoration:underline;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Front Cover Page</font></u></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">1.</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In future filings,
please revise your disclosure to reflect your correct Commission File Number.
The correct file number is 001-12593.</i></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATN confirms
that it will make sure that all future filings bear reference to its correct
Commission File No.&nbsp;001-12593.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-decoration:underline;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Definitive Proxy Statement Incorporated By
Reference Into Part&nbsp;III of Form&nbsp;10-K</font></u></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-decoration:underline;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Elements of Compensation. page&nbsp;23</font></u></i></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;page-break-after:auto;text-decoration:underline;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-decoration:underline;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Annual Cash Bonus, page&nbsp;24</font></u></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.26%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">2.</font></i></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.74%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We note that annual cash bonus awards are tied to
  the achievement of specified company, stock price and individual performance
  goals. In future filings, please disclose, for each named executive officer,
  the performance goals and weight given to the achievement of the performance
  goals. In addition, disclose the performance targets and threshold levels for
  the goals. See Regulation S-K Item 402(b)(v), (vi)&nbsp;and (vii). If you
  believe that such disclosure is not required because it would result in
  competitive harm such that you may omit this information under Instruction 4
  to Item 402(b)&nbsp;of Regulation S-K, please provide in your response letter
  a detailed explanation of such conclusion. If you believe you have a sufficient
  basis to keep the information confidential, disclose in future filings how
  difficult it would be for the executive or how likely it would be for you to
  achieve the undisclosed performance goal. Please note that general statements
  regarding the level of difficulty or ease associated with achieving the goals
  are not sufficient. In discussing how difficult it will be for an executive
  or how likely it will be for you to achieve the performance goals, provide as
  much detail as necessary without providing information that would result in
  competitive harm. For further guidance, please refer to Question 118.04 in
  our Regulation S-K Compliance and Disclosure Interpretations, available on
  our website at www.sec.gov/divisions/corpfin/guidance/regs-kinterp.htm.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company respectfully believes that the disclosure of specific performance goals
(<i>i.e.,</i> specific targets or threshold
levels) is not required because it is not material to an investor&#146;s
understanding of the Company&#146;s executive compensation policies and decisions,
given the particular way in which the Company uses performance goals.&#160; In reaching this conclusion, we have
considered, among other things, the analysis in Question 118.04 of the Staff&#146;s
Compliance and Disclosure Interpretations relating to Regulation S-K.&#160; As called for by Question 118.04, we have
made a good faith analysis of our particular facts and circumstances to
determine the threshold question as to whether disclosure of our specific
pre-established performance goals are material and have concluded that they are
not material for the reasons below.&#160; As
we explain in greater detail below, we reach this conclusion because of the
following: (1)&nbsp;we do not use performance against individual goals in a
mathematic or rigid way with clear values assigned, but rather as one indicator
of performance to be assessed subjectively by the Committee and the CEO (where
appropriate), (2)&nbsp;the pre-established goals are only one factor considered
in an officer&#146;s cash bonus, with a subjective assessment of the officer&#146;s &#147;general
performance&#148; being of equal or greater importance and (3)&nbsp;the amount of
annual compensation that is even loosely related to pre-established performance
goals is not material in relation to overall executive compensation.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
described in the Proxy Statement, the Compensation Committee has a highly
discretionary and subjective process for determining the payout of annual cash
bonuses to executive officers.&#160; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Compensation Committee uses pre-established performance goals only as &#147;reference
points&#148; or indicative objectives.&#160;
Compensation is not paid out formulaically based on the achievement of
these goals.&#160; Indeed, the Compensation
Committee is free to change the performance goal during the year and is free at
the end of the year &#147;to determine the extent to which bonuses will be paid or
not, regardless of whether the pre-established criteria are fully achieved,
partially achieved or not at all.&#148;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
in addition to pre-established performance goals, the other main factor for determining
the extent to which an executive officer is paid an annual cash bonus is a
general performance assessment, which (i)&nbsp;is not based on pre-established
performance criteria, (ii)&nbsp;is highly subjective and (iii)&nbsp;can be more
outcome determinative (especially in the case of the executive officers other
the Chief Executive Officer and Chief Financial Officer) than the
pre-established performance goals, as described in the Proxy Statement:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;This &#145;general performance&#146;
assessment is the other main factor considered by the Compensation Committee
and the Board in determining the level of bonuses.&#160; At the end of the year, the Compensation
Committee and the Board consider the importance of an executive officer&#146;s performance
against the pre-set goals as compared to his other achievements or failures and
his general performance and may find that the latter items substantially or
even completely outweigh his performance against the pre-set goals.&#148;</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
context in which pre-established performance goals are used as part of the
Company&#146;s executive compensation policies and decisions is described in detail
in the Proxy Statement and is consistent with our conclusion that the
disclosure of specific targets or threshold levels would not be material to
investors.&#160; We call your attention to the
following statements:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="95%" style="border-collapse:collapse;margin-left:.25in;width:95.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;</font>A core principle of our compensation
  philosophy is that we believe a successful compensation program requires the
  application of judgment and subjective determinations of individual performance.&#148;</p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;We do not apply a formulaic or
  mathematical approach to executive compensation. Our Compensation Committee
  retains discretion to apply its judgment to adjust and align each individual
  element of our compensation program with the broader objectives of our
  compensation program and the overall performance and condition of our company
  at the time final compensation decisions are made.&#148;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;We believe that combining
  performance-based goals with the flexibility of the Compensation Committee
  and the Board to vary the importance of performance against those goals, make
  subjective assessments of performance against individual performance</font></p>
  </td>
 </tr>
</table>

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<table border="0" cellspacing="0" cellpadding="0" width="95%" style="border-collapse:collapse;margin-left:.25in;width:95.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">goals, vary company and individual
  performance goals, if it deems appropriate, and adjust executive compensation
  to suit our business circumstances makes us more adaptive as a company and
  more able to recognize the contributions of our executive officers to the
  achievement of our business objectives.&#148;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;The Compensation Committee and the Board
  always have discretion to determine the extent to which bonuses will be paid
  or not, regardless of whether the pre-established criteria are fully
  achieved, partially achieved or not achieved at all.&#148;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Our Compensation Committee believes that
  these performance goals do not serve as a formula for the payment of
  executive compensation. Rather, they serve as important reference points to
  the Compensation Committee and the Board in considering executive
  compensation, together with a general assessment of individual and company
  performance.&#148;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a further indication of the highly discretionary and subjective nature
of the process, the Company clearly stated in the Proxy Statement that annual
cash bonuses would be reported in the &#147;Bonus&#148; column of the Summary
Compensation Table, rather than in a column for &#147;Non-Equity Incentive Plan
Compensation.&#148;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Within this context, we respectfully believe that the extent of our
disclosure of pre-established performance goals (whether individual, stock or
company performance goals) is appropriate.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="95%" style="border-collapse:collapse;margin-left:.25in;width:95.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The individual performance goals, which
  (as described in the Proxy Statement) address such matters as management
  skills, teamwork and collaboration, leadership, reflect inherently subjective
  and qualitative assessments of the type that the Compliance and Disclosure
  Interpretations confirm are not required to be disclosed.</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company stock price criteria is
  specifically disclosed (8% or greater annual appreciation and an annual stock
  price performance equal to, or in excess of, the performance of the Russell
  3000 Index) and is made subject to the following qualification (consistent
  with characterization of the process above): &#147;The Compensation Committee
  views these targets as reference points only and recognizes that our common
  stock price may not reflect individual or company performance adequately.&#148;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company performance criteria is
  identified as goals consisting of annual net income, earnings per share,
  revenue and EBITDA. It is described as potentially having the most effect on
  the annual cash bonuses of the Chief Executive Officer (approximately 50% of
  the annual cash bonus opportunity with respect to him may rest with this
  criteria) and Chief Financial Officer (approximately 40% of the annual cash
  bonus opportunity with respect to him may rest with this criteria). For the
  other named executive officers, a</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="95%" style="border-collapse:collapse;margin-left:.25in;width:95.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">majority or more of their annual cash
  bonus opportunity rests with subjective individual performance goals and only
  the balance rests with the company performance criteria.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Based
on this highly discretionary use of pre-established performance goals and the
subjectivity of the &#147;general performance&#148; assessment, the Company respectfully
believes it has provided an appropriate amount of disclosure about
pre-established performance goals and that no further disclosure of specific
targets or threshold levels is required.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
the Company respectfully submits that, even if the Company&#146;s process for
determining annual cash bonuses were not so discretionary and subjective, the
amount of annual cash bonus whose payment would be tied to the achievement of
company performance goals would be immaterial in amount.&#160; As stated in the Proxy Statement, the persons
for whom the Compensation Committee might consider the attainment of company
performance goals most heavily with respect to annual cash bonus determinations
are the Chief Executive Officer and the Chief Financial Officer.&#160; Yet the amount of compensation whose payment
might relate to the attainment of company performance goals is relatively small
(about 10% and 7%, respectively), in comparison to the total compensation of
each of the Chief Executive Officer and the Chief Financial Officer as
indicated in the far-right column of the Summary Compensation Table.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Based
on our threshold determination of immateriality, the Company respectfully
believes that the Staff&#146;s other comments with respect to competitive harm are
inapplicable.&#160; We take a similar view of
the Staff&#146;s comments with respect to level of difficulty.&#160; We understand that level of difficulty
disclosure is intended as a surrogate for disclosure of specific targets where
disclosure of the specific target is material, but is excused for competitive
harm reasons.&#160; But our reason for not
disclosing the specific performance targets is the immateriality of the
specific target in the first place, not competitive harm.&#160; We respectfully believe that our judgment on
this matter should equally apply to whether the level of difficulty disclosure
should be enhanced.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.26%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">3.</font></i></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.74%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We note your disclosure, &#147;the Compensation
  Committee and the Board always have discretion to determine the extent to
  which bonuses will be paid or not, regardless of whether the pre-established
  criteria are fully achieved, partially achieved or not at all.&#148; Discuss
  whether discretion was exercised by the board or compensation committee
  either to award compensation absent attainment of the relevant performance
  goal(s)&nbsp;or to reduce </font></i><i><font style="font-style:italic;">or </font>increase the size of an award. Identify any particular
  exercise of discretion, and state whether it applied to one or more specified
  named executive officers or to all compensation subject to the relevant
  performance goal(s). Please refer to Regulation S-K Item 402(b)(2)(vi).</i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
respectfully believe that the Company has provided the disclosure sought by
this comment with respect to our Chief Executive Officer and Chief Financial
Officer and will, in future </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">filings,
expand our discussion of the other named executive officers to include similar
disclosure for them.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
part of the discussion of the 2007 bonus payout to the Chief Executive Officer
and Chief Financial Officer, we stated that the company performance criteria
and the stock performance criteria for 2007 had been exceeded, and that each of
the Chief Executive Officer and Chief Financial Officer had been paid their
full annual cash bonus (50% of their base annual salary).&#160; The only other factor impacting the annual
cash bonuses for these individuals was the percentage attributable to
individual goals and/or the general assessment of individual performance or
contribution.&#160; As discussed above, the
pre-established individual goals used by the Company are qualitative in nature.
&#160;The Compensation Committee&#146;s general
performance assessments typically do not involve the consideration of
pre-established goals.&#160; Accordingly,
because each of these matters is inherently qualitative and subjective, a
discussion about discretion exercised with respect to them would seem
inapposite.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
future filings, the Company will expand its discussion of the other named
executive officers to provide comparable disclosure to that provided with
respect to the Chief Executive Officer and Chief Financial Officer.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.26%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">4.</font></i></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.74%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Please discuss how the compensation committee
  arrived at its determination to pay each named executive officer the amount
  of cash bonus awarded. While you discuss the determinations with respect to
  the company&#146;s Chief Executive Officer and Chief Financial Officer, you do not
  provide any discussion or analysis with respect to the other named executive
  officers.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
future filings, the Company will expand the discussion of its payout of annual
cash bonuses to the other named executive officers to provide comparable
disclosure to that provided with respect to the Chief Executive Officer and
Chief Financial Officer.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary
Executive Compensation Table, page&nbsp;29</font></u></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.38%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">5.</font></i></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.62%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">It appears that amounts that you have
  characterized as bonus awards to your executive officers are based on
  satisfaction of performance targets that were pre-established and
  communicated to your executives. Therefore, in future filings, it appears
  that you should report these awards in your Summary Compensation Table as
  non-equity incentive plan awards. Amounts disclosed under the bonus column
  should only be awards that were purely </font></i><i>discretionary without correlation to satisfaction of specific
  performance measures. For further guidance, see Question 119.02 in our
  Regulation S-K Compliance and Disclosure</i>  <i>Interpretations, available on our website at
  http://www.sec.gov/divisions/corpfin/cfguidance.shtml#regs-k</i>.</p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">As described above in response to Comment No.&nbsp;1,
we respectfully believe that the degree of discretion and subjectivity in the
determination of annual cash bonuses warrants describing these payments under
the &#147;bonus&#148; column, rather than a &#147;Non-Equity Incentive Plan&#148; column.&#160; We note that</font> Question 119.02 of the
Staff&#146;s Compliance and Disclosure Interpretations seems to contemplate this
possibility where it states that notwithstanding the ability to exercise
negative discretion in determining the amount of bonuses, a non-equity plan
would &#147;generally&#148; still be reportable in column (g).&#160; As described above, we believe that the level
of discretion and subjectivity in our annual cash bonus process exceeds the
ability to have mere negative discretion, but rather is premised on discretion
(negative or positive).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.26%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">6.</font></i></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.74%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">In future filings, please
  provide appropriate footnote disclosure regarding the assumptions made in the
  valuation for awards reported in the Option Awards column and the Stock
  Awards column for all fiscal years presented. See the Instruction to
  Regulation S-K Item 402(c)(2)(v)&nbsp;and (vi). For further guidance, see
  Question 119.04 in our Regulation S-K Compliance and Disclosure
  Interpretations.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
future filings, the Company will provide disclosure regarding such assumptions
comparable to that set forth in </font>footnote 8 to the Company&#146;s audited financial statements included in
the Company&#146;s Annual Report on Form&nbsp;10-K filed with the SEC on March&nbsp;17,
2008</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">7.</font></i></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Please tell us in your response
  letter where you included in the Summary Compensation Table the purchase by
  the company of Mr.&nbsp;Kreisher&#146;s restricted stock that immediately vested
  on September&nbsp;17, 2007 in exchange for your payment of
  Mr.&nbsp;Kreisher&#146;s tax obligations.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the &#147;Stock Awards&#148; column of the Summary
Compensation Table, the Company included its purchase of Mr.&nbsp;Kreisher&#146;s
restricted stock that vested immediately on September&nbsp;17, 2007 in exchange
for the payment of his tax obligations</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&nbsp;Kreisher is listed as having received
approximately $329,800 worth of stock awards in the fiscal year ended December&nbsp;31,
2007.&#160; This value is determined by
multiplying the total number of shares of restricted stock awarded, including
the shares that vested immediately and were repurchased by the Company, by the
value of each share based on the closing price of the Company&#146;s common stock on
the date of issuance.&#160; The closing price
of the Company&#146;s common stock as listed on the Nasdaq Global Select market on September&nbsp;17,
2007 was $32.98. &#160;Therefore, the total
dollar value for the 10,000 shares of restricted stock, which include the
shares repurchased by the Company, is listed as $329,800 in the &#147;Stock Awards&#148;
column of the Summary Compensation Table.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director
Compensation, page&nbsp;32</font></u></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.26%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">8.</font></i></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.74%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We note your disclosure in footnote 1 discussing
  assumptions used in calculating the amounts of the awards granted pursuant to
  your 2005 Restricted Stock and Incentive Plan. Please confirm in your
  response letter that footnote 1 was intended to supplement the column titled
  &#147;Stock Awards.&#148; In future filings, please provide this information in a
  footnote to the correct column.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company confirms that footnote 1 was intended to
supplement the column titled &#147;Stock Awards.&#148;&#160;
The Company values the stock awards listed in this column based upon the
closing price of the Company&#146;s common stock on the date of issuance of these
awards, as described in footnote 8 to the Company&#146;s audited financial
statements included in the Company&#146;s Annual Report on Form&nbsp;10-K filed with
the SEC on March&nbsp;17, 2008.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company confirms that in future filings, all
assumptions made in calculating the amounts listed in the &#147;Stock Awards&#148; column
will be listed in a footnote to such column.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.9%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">9.</font></i></p>
  </td>
  <td width="96%" valign="top" style="padding:0in .7pt 0in .7pt;width:96.1%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We note your disclosure on page&nbsp;33 that
  directors receive dividend equivalents on their stock units equal to 115% of
  the value of dividends paid on your common stock. Please tell us in your
  response letter where the dividend equivalents are reflected in the director
  compensation table.</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The dividend equivalents were not reflected in the
director compensation table.&#160; In future
filings, the Company will include any dividend equivalents earned on stock
units in the &#147;All Other Compensation&#148; column of the Director Compensation
Table.&#160; For the fiscal year ended December&nbsp;31,
2007, dividend equivalents were earned on stock units owned by Ernst Burri in
the amount of $3,009.46 and Henry Wheatley in the amount of $2,006.36.&#160; No other director currently owns any stock
units.&#160; Any dividends earned by directors
were earned upon stock units payable in lieu of cash for fees earned by
directors, and not for separate stock or option awards.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;*</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

<div style="margin:0in 0in .0001pt;page-break-after:avoid;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In response to the Staff&#146;s
request, the Company acknowledges that:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .8in;page-break-after:avoid;text-indent:-.3in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company is responsible for
the adequacy and accuracy of the disclosure in the filings;</p>

<p style="margin:0in 0in .0001pt .8in;page-break-after:avoid;text-indent:-.3in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .8in;page-break-after:avoid;text-indent:-.3in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>staff comments or changes to
disclosure in response to staff comments do not foreclose the Commission from
taking any action with respect to the filings; and</p>

<p style="margin:0in 0in .0001pt .8in;page-break-after:avoid;text-indent:-.3in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .8in;page-break-after:avoid;text-indent:-.3in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company may not assert staff
comments as a defense in any proceeding initiated by the Commission or any
person under the federal securities laws of the United States.</p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">If you require
additional information, please telephone the undersigned at (978) 619-1300 ext.
401.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Very truly yours,</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">/s/ Michael T. Prior</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Michael T. Prior</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">President and Chief Executive Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.38%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">cc:</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.34%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Justin D. Benincasa</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.34%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Douglas J. Minster</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.34%;">
  <p style="color:black;margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;">Atlantic Tele-Network,&nbsp;Inc.</font></i></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.34%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Matthew J. Gardella</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.34%;">
  <p style="color:black;margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;">Edwards Angell Palmer&nbsp;&amp; Dodge LLP</font></i></p>
  </td>
  <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.62%;">
  <p style="color:black;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

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