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Director/PDMR Shareholding

28th Apr 2008 08:20

April 25, 2008Dr. Walter E. Massey President EmeritusMoorehouse CollegeOffice of the President830 Westview Drive S.W.Atlanta, GA 30314Re: Form 4Dear Dr. Massey:

A Form 4 was filed on your behalf electronically with the Securities and Exchange Commission today. The filing reported the following transactions:

On Table II (Back of Form) Phantom stock acquired with Directors' retainer 4,340.75 units Phantom stock acquired with reinvestment

2,053.04 units

If you have any questions regarding this filing, please contact me at (704) 386-3302.

Sincerely,Roger C. McClaryVice President

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