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Under authority S. Res. 66, section 22 (sec. 6) agreed to
February 28, 1989.

Donald W. Riegle

Donald W. Riegle, Jr., Chairma
Committee on Banking, Housing

and Urban Affairs

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(202)224-9213 05/02/89

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(602) 258-1748 (602) 258-1746 (201)579-7104 (602) 258-1746 (212)980-6622 (918)428-3591 (212)980-8622 (209) 432-2274 (602) 957-7170 (209)432-2274 (209) 432-2274 (415)557-3535 (916)322-5966 (212) 307-1459 (213)471-8788 (212)310-8983

(212)504-6244

(212)504-6244 (212)504-6244 (301)267-7205 (212)463-5687 (212)310-8983 (212)310-8983 (212)703-4000 (212)703-4000

NEWTON

CA

CA

PHOENIX AZ-
FRESNO
FRESNO
SAN FRAN CA
SACRAMENTOCA
NEW YORK NY
W ANGELES CA
NEW YORK NY
NEW YORK NY

NEW YORK NY
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(212)298-4391 (212)298-4391 (313)559-2110 (212)298-4391 (212)734-3912 (212)298-4391

NEW YORK NY

(212)504-6244

NEW YORK NY

(415)556-8440

SAN FRAN CA

(212)504-6244 (212)416-5400

NEW YORK NY

Carclyn Je stan

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NEW YORK NY NEW YORK NY DEERFIELD IL NEW YORK NY NEW YORK NY GREENWICH CT NEW YORK NY GREENWICH CT NEW YORK NY NEW YORK NY NEW YORK NY PRINCEFRCKND NEW YORK NY NEWINGTON CT NEW YORK NY NEW YORK NY

(212)416-2953 NEW YORK NY

(212)703-4051

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HOLLYWOOD ND

HARTFORD CT

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During my testimony before the Senate Ethics Committee on December 10, 1990, you asked that I reread the Memorandum of Interview prepared by Mr. Penczek. I have done as you requested and I am enclosing a copy of the Memorandum which has my comments and corrections.

Should you have any questions concerning my comments, please contact me.

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On December 6, 1990, I interviewed David Stevens, the former Tax Director of American
Continental Corporation (ACC). The interview was held at the law offices of Mark E.
Wight, 1087 West River Street, Suite 230, Boise, Idaho 83702, telephone (208) 343-8880.
Mr. Stevens currently resides at 4420 North Creswell Place, Boise, Idaho 83704-2476. His
home telephone number is (208) 376-3160 and his business telephone is (208) 368-4650.

Bill Jackson and I initially interviewed Mr. Stevens in Phoenix, Arizona on June 7, 1990. while he was still employed by ACC (Exhibit 1). We selected Mr. Stevens for interview based on our review of ACC employee records. At the time, we believed that as Tax Director of ACC, he may have had knowledge of transactions or activities between ACC and it's subsidiaries and Senators Cranston, McCain, Riegle, DeConcini, and Glenn. The main topic of discussion during the June 7, 1990 interview was information that Mr. Stevens had relating to the personal use of ACC corporate aircraft by Senator McCain, his family and staff.

SPECIAL COUNSEL

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