Treasurer's Report, Nigel Nicholson, Reed College. CAPN finances were left in fine shape by Mary Jaeger (University of Oregon); many thanks to her for her lengthy tenure as treasurer. The savings account presently stands at $1,882.61, with the checking account at $629.04. Various expenditures need to be deducted from these impressive totals, however. First, on the recommendation of the Scholarship Committee, and with the approval of the Executive Committee, CAPN will be supporting 4 students from Boise St with awards of $200 to help them travel to Italy, Greece and Turkey to study with Prof. Odahl of Boise State. The university has had great success in generating classics teachers through its programs. Second, the Executive Committee voted to return to a twice-yearly mailing to members. This mailing will be more economically produced than in the past, so that it is hoped that CAPN's finances will continue to be healthy despite this new and recurrent outlay.