Those financial statements were audited by other auditors whose reports thereon have been furnished to us,
and our opinion, expressed herein, insofar as it relates to the amounts included for the above-mentioned agencies
and component units, is based solely on the reports of other auditors.

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

In our opinion, based on our audit and the reports of other auditors, the general purpose financial statements
referred to above present fairly, in all material respects, the financial position of the State of Maryland as of June
30, 2000, and the results of its operations and the cash flows of its Enterprise Funds and Component Unit
Proprietary Funds for the year then ended, in conformity with accounting principles generally accepted in the
United States.

Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken
as a whole. The combining financial statements and schedules listed in the table of contents are presented for
purposes of additional analysis and to meet legal reporting requirements and are not a required part of the general
purpose financial statements. Such information, except for the Schedules of Estimated Revenues - Budgetary
Basis and General, Special, Federal, Current Unrestricted and Current Restricted Fund - Budgetary Basis for the
year ending June 30,2001 (pages 103 and 104), which we did not audit, has been subjected to the auditing
procedures applied in our audit of the general purpose financial statements and, in our opinion based on our audit
and the reports of other auditors, is fairly stated in all material respects in relation to the general purpose financial
statements taken as a whole.

We did not audit the data included in the introductory and statistical sections of this report and, therefore,
express no opinion thereon.

November 27,2000

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