March 27, 1997

ALL ASSOCIATION MEMBERS

Circular Letter No. 97-1272

RE: Test Audits January 1, 1996 -- December 31, 1996

We are enclosing summary sheets showing the results of the Test Audit Program of the Minnesota Workers' Compensation Insurers Association, Inc. This circular lists the test audits completed by company code from January 1, 1996 -- December 31, 1996.

Very truly yours,

JOHN P. HILDEBRANDT

President