I am particularly pleased that all of the members of our bank group agreed to remain lenders to Polaroid and support our strategic plan of improving profitability by successfully introducing innovative new products into the marketplace.

Our focus is to generate strong positive cash flow and invest in specific market opportunities, such as instant digital printing.

Today's announcement puts Polaroid on a more solid footing to enter 1999 poised for profitable growth. During the past 18 months, Polaroid has confronted a series of global economic challenges and has reduced dealer inventories substantially.

They all agreed that they want to remain in Japan and await their children's return,

I am pleased that both sides have agreed to go back to the bargaining table, and I urge them to stay at the table until they reach a settlement, ... The key now is for both parties to find a new way to look at the issues and find the solution.

We have suggested that members comply with allocations that have been agreed at the previous meeting,