TRUST U/W FRANKLIN D. ROOSEVELT
                 AGENDA FOR AUGUST 9, 1950
                  MEETING OF THE TRUSTEES
 
       I. APPROVAL OF MINUTES OF NOVEMBER 28, 1949 MEETING 
   The regular spring meeting of the Trustees was postponed
pending the intermediate accounting proceedings in the
Surrogate's Court at Poughkeepsie. While no formal meeting
was held since November 28, 1949 each of the Trustees has
been kept fully informed as to all matters pending the
administration of the trust. Throughout that period Mr.
Keens was in communication with the three Trustees at
various times by personal conference, telephone and
correspondence.
 
      II. THE INTERMEDIATE ACCOUNTING OF THE TRUSTEES FOR 
          THE PERIOD SEPTEMBER 1, 1947 TO MARCH 31, 1950
   The intermediate account of the Trustees for the period from
the setup of the trust on September 1, 1947 to March 31,
1950 was approved by the three Special Guardians appointed
in the accounting proceedings to represent the interests of
minors and by the Decree of the Surrogate's Court entered
on July 27, 1950. The only changes in the assets on hand in
the trust on March 31, 1950 as shown by Schedule "C" of the
account are as follows:
 
       1. On April 10, 1950, 200 shares of American Stock of
   American Cyanamid Company valued at $9,287.50 were mold in
   accordance with recommendations of investment counsel
   resulting in net cash proceeds of $11,524.46.
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