Report of Independent Certified Public Accountants

WE HAVE AUDITED the accompanying statements of financial position of the American Association of University Professors as of December 31, 1999 and 1998, and the related statements of activities, changes in net assets, and cash flows for the years then ended. These financial statements are the responsibility of the Association's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above, present fairly, in all material respects, the financial position of the American Association of University Professors as of December 31, 1999 and 1998, and its changes in net assets and its cash flows for the years then ended in conformity with generally accepted accounting principles.

GELMAN, ROSENBERG, AND FREEDMAN

Certified Public Accountants

March 17, 2000