2120 Oak Terrace
Lake Bluff, Illinois 60044

February 18, 19__

Mr. Bruce Kretchmer
Kretchmer's Appliance Store
1135 State Street
Chicago, Illinois 60688

Dear Mr. Kretchmer:

It is my pleasure to welcome you as an SEC credit customer, for your
request for credit has been approved.

Your first order, for 6 Model 18E toasters, will be ready for shipment
on Monday, February 22.

On the first of each month, we will prepare a statement of the previous
month's purchases. Your payment is due in full on the tenth. With each
statement, you will also receive a supply of order forms and return

Arlene Ryan, your personal SEC sales representative, will visit you
some time next week. In addition to bringing you catalogs and samples,
she will explain our special dealer options, such as advertising
campaigns and rebate programs.

We are delighted that SEC can be a part of your store's beginnings and
look forward to serving you for many years to come.

Sincerely yours,

Milton Smedley
Credit Department