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Independent Auditors' Report on Supplementary Data


November 11, 2004

Board of Trustees
American Printing House
for the Blind, Inc.
Louisville, Kentucky

Our audits of the basic financial statements were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary schedules of cost of products distributed, general and administrative expenses, program support functional expenses, and cost of products, general and administrative, and fund-raising and development functional expenses are presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audits 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.

COTTON AND ALLEN, P.S.C.



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©2004, American Printing House for the Blind, Inc.