<PAGE> 1
As filed with the Securities and Exchange Commission on December 5, 1997
Registration No. 333-
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CITIZENS FIRST FINANCIAL CORP.
(exact name of registrant as specified in its certificate of incorporation)
DELAWARE 6036 37-1351861
(state or other jurisdiction of (Primary Standard (IRS Employer
incorporation or organization) Classification Code Number) Identification No.)
2101 NORTH VETERANS PARKWAY
BLOOMINGTON, ILLINOIS 61704
(309) 661-8700
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
CITIZENS SAVINGS BANK, F.S.B.
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
(Full Title of the Plan)
--------------------------------
C. WILLIAM LANDEFELD COPIES TO:
PRESIDENT AND CHIEF EXECUTIVE OFFICER LAWRENCE M.F. SPACCASI, ESQUIRE
CITIZENS FIRST FINANCIAL CORP. MARC P. LEVY, ESQUIRE
2101 NORTH VETERANS PARKWAY MULDOON, MURPHY & FAUCETTE
BLOOMINGTON, ILLINOIS 61704 5101 WISCONSIN AVENUE, N.W.
(309) 661-8700 WASHINGTON, D.C. 20016
(Name, address, including zip code, (202) 362-0840
telephone number, including area code,
of agent for service)
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO PUBLIC: As soon as
practicable after this Registration Statement becomes effective.
If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. / X /
<TABLE>
<CAPTION>
==================================================================================================
Title of each Class of Amount to be Proposed Purchase Estimated Aggregate Registration
Securities to be Registered Registered Price Per Share(1) Offering Price(2) Fee
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock
$.01 par Value 111,111 Shares $18 $1,999,998 $590
- --------------------------------------------------------------------------------------------------
Participation
Interests (3) $1,999,998 (4)
==================================================================================================
</TABLE>
(1) The closing price of the common stock of Citizens First Financial Corp. on
the American Stock Exchange on December 3, 1997 in accordance with Rule
457(c) under the Securities Act of 1933, as amended (the "Securities Act").
(2) Estimated solely for the purpose of calculating the registration fee.
(3) In addition, pursuant to Rule 416(c) under the Securities Act, this
registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the employee benefit plan described herein.
(4) The securities of Citizens First Financial Corp. (the "Company" or the
"Registrant") to be purchased by the Citizens Savings Bank, F.S.B.
Employees' Savings & Profit Sharing Plan are included in the amount shown
for Common Stock. Accordingly, pursuant to Rule 457(h)(2), no separate fee
is required for the participation interests. In accordance with Rule 457(h)
under the Securities Act, the registration fee has been calculated on the
basis of the number of shares of Common Stock that may be purchased with the
current assets of such Plan.
THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE IMMEDIATELY UPON FILING IN
ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933, AS AMENDED, (THE
"SECURITIES ACT") AND 17 C.F.R. SS.230.462.
Number of Pages 13
Exhibit Index begins on Page 10
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CITIZENS FIRST FINANCIAL CORP.
PART I INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
ITEMS 1 & 2. The documents containing the information for Citizens Savings Bank,
F.S.B. Employees' Savings & Profit Sharing Plan ("Savings Plan") required by
Part I of the Registration Statement will be sent or given to the participants
in the 401(k) Plan as specified by Rule 428(b)(1). Such documents are not filed
with the Securities and Exchange Commission (the "SEC") either as a part of this
Registration Statement or as a prospectus or prospectus supplement pursuant to
Rule 424 in reliance on Rule 428.
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed or to be filed with the SEC are incorporated by
reference in this Registration Statement:
(a) The Form 10-KSB filed by the Registrant (File No. 1-14274) with the
SEC on March 28, 1997, which includes the consolidated balance sheet of Citizens
First Financial Corp. and subsidiary as of December 31, 1996 and 1995, and the
related consolidated statements of income, changes in stockholder's equity, and
cash flows for each of the three years in the period ended December 31, 1996,
together with the related notes and the report of Geo. S. Olive & Co. LLC,
independent certified public accountants. The consolidated statements of income
and cash flows for the year ended December 31, 1994 have been restated to
reflect the pooling of interests with Fairbury Federal Savings and Loan
Association and subsidiary as described in the notes to the consolidated
financial statements. Those statements were audited by Clifton Gunderson L.L.C.
(formerly Clifton, Gunderson & Co.), whose report has been relied upon by Geo.
S. Olive & Co., LLC and incorporated herein in reliance upon the authority of
said firm as experts in accounting and auditing.
(b) The Form 10-QSB report filed by the Registrant for the fiscal quarters
ended March 31, 1997, June 30, 1997 and September 30, 1997 (File No. 1-14274),
filed with the SEC on May 15, 1997, August 14, 1997 and November 14, 1997,
respectively.
(c) The description of Registrant's Common Stock contained in Registrant's
Form 8-A (File No. 1- 14274), as filed with the SEC on February 13, 1996
pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the "Exchange
Act") and Rule 12b-15 promulgated thereunder.
(d) The Savings Plan's annual report on Form 11-K for the fiscal year
ended December 31, 1996, which includes the Form 5500 of the Savings Plan as of
December 31, 1996 filed with the SEC (File No. 1-14274) concurrently with this
Registration Statement. The financial statements filed as a part of the Form
5500 are unaudited as permitted for the Savings Plan under ERISA regulations.
(e) All documents filed by the Company and the Savings Plan, where
applicable, pursuant to Section 13(a) and (c), 14 or 15(d) of the Exchange Act
after the date hereof and prior to the filing of a post-effective amendment
which deregisters all securities then remaining unsold.
ANY STATEMENT CONTAINED IN THIS REGISTRATION STATEMENT, OR IN A DOCUMENT
INCORPORATED OR DEEMED TO BE INCORPORATED BY REFERENCE HEREIN, SHALL BE DEEMED
TO BE MODIFIED OR SUPERSEDED FOR PURPOSES OF THIS REGISTRATION STATEMENT TO THE
EXTENT THAT A STATEMENT CONTAINED HEREIN, OR IN ANY OTHER SUBSEQUENTLY FILED
DOCUMENT WHICH ALSO IS INCORPORATED OR DEEMED TO BE INCORPORATED BY REFERENCE
HEREIN, MODIFIES OR SUPERSEDES SUCH STATEMENT. ANY SUCH STATEMENT SO MODIFIED OR
SUPERSEDED SHALL NOT BE DEEMED, EXCEPT AS SO MODIFIED OR SUPERSEDED, TO
CONSTITUTE A PART OF THIS REGISTRATION STATEMENT.
2
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ITEM 4. DESCRIPTION OF SECURITIES
The Common Stock to be offered pursuant to the Savings Plan has been
registered pursuant to Section 12 of the Exchange Act. Accordingly, a
description of the Common Stock is not required herein.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
None.
The consolidated statements of financial condition of the Bank and
subsidiaries as of December 31, 1996 and 1995, and the related consolidated
statements of income, equity capital, and cash flows for each of the years in
the three-year period ended December 31, 1996, together with the related notes
and the reports of Geo. S. Olive & Co. LLC, and Clifton Gunderson L.L.C.
(formerly Clifton, Gunderson & Co.), independent certified public accountants,
incorporated by reference in this Registration Statement, have been incorporated
herein in reliance upon the authority of said firm as experts in accounting and
auditing.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Directors and officers of the Registrant are indemnified and held harmless
against liability to the fullest extent permissible by the general corporation
law of Delaware as it currently exists or as it may be amended provided any such
amendment provides broader indemnification provisions than currently exists.
This indemnification applies to the Board of Directors who administer the
Savings Plan.
In accordance with the General Corporation Law of the State of Delaware
(being Chapter 1 of Title 8 of the Delaware Code), Articles 10 and 11 of the
Registrant's Certificate of Incorporation provide as follows:
TENTH:
- ------
A. Each person who was or is made a party or is threatened to be made a party to
or is otherwise involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative (hereinafter a "proceeding"), by
reason of the fact that he or she is or was a Director or an Officer of the
Corporation or is or was serving at the request of the Corporation as a
Director, Officer, employee or agent of another corporation or of a partnership,
joint venture, trust or other enterprise, including service with respect to an
employee benefit plan (hereinafter an "indemnitee"), whether the basis of such
proceeding is alleged action in an official capacity as a Director, Officer,
employee or agent or in any other capacity while serving as a Director, Officer,
employee or agent, shall be indemnified and held harmless by the Corporation to
the fullest extent authorized by the Delaware General Corporation Law, as the
same exists or may hereafter be amended (but, in the case of any such amendment,
only to the extent that such amendment permits the Corporation to provide
broader indemnification rights than such law permitted the Corporation to
provide prior to such amendment), against all expense, liability and loss
(including attorneys' fees, judgments, fines, ERISA excise taxes or penalties
and amounts paid in settlement) reasonably incurred or suffered by such
indemnitee in connection therewith; provided, however, that, except as provided
in Section C hereof with respect to proceedings to enforce rights to
indemnification, the Corporation shall indemnify any such indemnitee in
connection with a proceeding (or part thereof) initiated by such indemnitee only
if such proceeding (or part thereof) was authorized by the Board of Directors of
the Corporation.
B. The right to indemnification conferred in Section A of this Article TENTH
shall include the right to be paid by the Corporation the expenses incurred in
defending any such proceeding in advance of its final disposition (hereinafter
an "advancement of expenses"); provided, however, that, if the Delaware General
Corporation Law requires, an advancement of expenses incurred by an indemnitee
in his or her capacity as a Director or Officer (and not in any other capacity
in which service was or is rendered by such indemnitee, including, without
limitation, services to an employee benefit plan) shall be made only upon
delivery to the Corporation of an undertaking (hereinafter an "undertaking"), by
or on behalf of such indemnitee, to repay all amounts so advanced if it shall
3
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ultimately be determined by final judicial decision from which there is no
further right to appeal (hereinafter a "final adjudication") that such
indemnitee is not entitled to be indemnified for such expenses under this
Section or otherwise. The rights to indemnification and to the advancement of
expenses conferred in Sections A and B of this Article TENTH shall be contract
rights and such rights shall continue as to an indemnitee who has ceased to be a
Director, Officer, employee or agent and shall inure to the benefit of the
indemnitee's heirs, executors and administrators.
C. If a claim under Section A or B of this Article TENTH is not paid in full by
the Corporation within sixty days after a written claim has been received by the
Corporation, except in the case of a claim for an advancement of expenses, in
which case the applicable period shall be twenty days, the indemnitee may at any
time thereafter bring suit against the Corporation to recover the unpaid amount
of the claim. If successful in whole or in part in any such suit, or in a suit
brought by the Corporation to recover an advancement of expenses pursuant to the
terms of an undertaking, the indemnitee shall be entitled to be paid also the
expenses of prosecuting or defending such suit. In: (i) any suit brought by the
indemnitee to enforce a right to indemnification hereunder (but not in a suit
brought by the indemnitee to enforce a right to an advancement of expenses) it
shall be a defense that; and (ii) in any suit by the Corporation to recover an
advancement of expenses pursuant to the terms of an undertaking the Corporation
shall be entitled to recover such expenses upon a final adjudication that, the
indemnitee has not met any applicable standard for indemnification set forth in
the Delaware General Corporation Law. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel, or its
stockholders) to have made a determination prior to the commencement of such
suit that indemnification of the indemnitee is proper in the circumstances
because the indemnitee has met the applicable standard of conduct set forth in
the Delaware General Corporation Law, nor an actual determination by the
Corporation (including its Board of Directors, independent legal counsel, or its
stockholders) that the indemnitee has not met such applicable standard of
conduct, shall create a presumption that the indemnitee has not met the
applicable standard of conduct or, in the case of such a suit brought by the
indemnitee, be a defense to such suit. In any suit brought by the indemnitee to
enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses pursuant to the
terms of an undertaking, the burden of proving that the indemnitee is not
entitled to be indemnified, or to such advancement of expenses, under this
Article TENTH or otherwise shall be on the Corporation.
D. The rights to indemnification and to the advancement of expenses conferred in
this Article TENTH shall not be exclusive of any other right which any person
may have or hereafter acquire under any statute, the Corporation's Certificate
of Incorporation, Bylaws, agreement, vote of stockholders or Disinterested
Directors or otherwise.
E. The Corporation may maintain insurance, at its expense, to protect itself and
any Director, Officer, employee or agent of the Corporation or subsidiary or
Affiliate or another corporation, partnership, joint venture, trust or other
enterprise against any expense, liability or loss, whether or not the
Corporation would have the power to indemnify such person against such expense,
liability or loss under the Delaware General Corporation Law.
F. The Corporation may, to the extent authorized from time to time by the Board
of Directors, grant rights to indemnification and to the advancement of expenses
to any employee or agent of the Corporation to the fullest extent of the
provisions of this Article TENTH with respect to the indemnification and
advancement of expenses of Directors and Officers of the Corporation.
4
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ELEVENTH:
- --------
A Director of this Corporation shall not be personally liable to the Corporation
or its stockholders for monetary damages for breach of fiduciary duty as a
Director, except for liability: (i) for any breach of the Director's duty of
loyalty to the Corporation or its stockholders; (ii) for acts or omissions not
in good faith or which involve intentional misconduct or a knowing violation of
law; (iii) under Section 174 of the Delaware General Corporation Law; or (iv)
for any transaction from which the Director derived an improper personal
benefit. If the Delaware General Corporation Law is amended to authorize
corporate action further eliminating or limiting the personal liability of
Directors, then the liability of a Director of the Corporation shall be
eliminated or limited to the fullest extent permitted by the Delaware General
Corporation Law, as so amended.
Any repeal or modification of the foregoing paragraph by the stockholders of the
Corporation shall not adversely affect any right or protection of a Director of
the Corporation existing at the time of such repeal or modification.
The Registrant is also permitted to maintain directors' and officers'
liability insurance covering its directors and officers and has obtained a
directors' and officers' liability and corporation reimbursement policy which
(subject to certain limits and deductibles) (i) insures officers and directors
of the Registrant against loss arising from certain claims made against them by
reason of their being such directors or officers, and (ii) insures the
Registrant against loss which it may be required or permitted to pay as
indemnification due its directors or officers for certain claims.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 (the "Securities Act") may be permitted to directors, officers or
persons controlling the Registrant, the Registrant has been informed that in the
opinion of the Commission that such indemnification is against public policy as
expressed in the Securities Act and is therefore unenforceable.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. LIST OF EXHIBITS.
The following exhibits are filed with or incorporated by reference into
this Registration Statement on Form S-8 (numbering corresponds generally to
Exhibit Table in Item 601 of Regulation S-K):
4 Stock Certificate of Citizens First Financial Corp.1
8 Tax Opinion not required. The Registrant has submitted or hereby
undertakes to submit the Savings Plan and any amendment thereto
to the Internal Revenue Service ("IRS") in a timely manner and
has made or will make all changes required by the IRS in order to
qualify the plan.
23.1 Consent of Geo. S. Olive & Co. LLC.
23.2 Consent of Clifton Gunderson L.L.C.
24 Power of Attorney is located on the signature pages.
- --------------------------
1 Incorporated herein by reference from the Exhibit of the same number contained
in the Registration Statement on Form SB-2 (SEC No. 33-556), as amended, filed
with the SEC on January 24, 1996 and declared effective on March 11, 1996.
5
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ITEM 9. UNDERTAKINGS
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which it offers or sells securities, a
post-effective amendment to this Registration Statement to:
(i) Include any Prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) Reflect in the Prospectus any facts or events which,
individually or together, represent a fundamental change in
the information in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus
filed with the SEC pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more
than a 20 percent change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table
in the effective registration statement; and
(iii) Include any additional or changed material information on the
plan of distribution not previously disclosed in the
Registration Statement or any material change to such
information in the Registration Statement unless the
information required by (i) and (ii) is contained in periodic
reports filed by the Registrant pursuant to Section 13 or
15(d) of the Exchange Act that are incorporated by reference
into this Registration Statement;
(2) For determining liability under the Securities Act, to treat each
post-effective amendment as a new Registration Statement of the
securities offered, and the offering of the securities at that time
to be the initial bona fide offering thereof.
(3) To file a post-effective amendment to remove from registration any
of the securities that remain unsold at the end of the Offering.
(4) That, for purposes of determining any liability under the Securities
Act, each filing of the Registrant's or the Plan's annual report
pursuant to Section 13(a) or 15(d) of the Exchange Act that is
incorporated by reference in the Registration Statement shall be
deemed to be a new Registration Statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to trustees, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the SEC such indemnification
is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a trustee, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
trustee, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act will be governed by the final adjudication of
such issue.
6
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CONFORMED
SIGNATURES
Pursuant to the requirements of the Securities Act, Citizens First
Financial Corp. certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Bloomington, State of Illinois, on November 24,
1997.
CITIZENS FIRST FINANCIAL CORP.
By: /s/ C. William Landefeld
-------------------------------------
C. William Landefeld
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears
below (other than Mr. Landefeld) constitutes and appoints C. William Landefeld
and Mr. Landefeld appoints Richard F. Becker, as the true and lawful
attorney-in-fact and agent with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities to sign any
or all amendments to the Form S-8 Registration Statement, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
U.S. Securities and Exchange Commission, respectively, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and things requisite and necessary to be done as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
Name Title Date
---- ----- ----
/s/ Ronald C. Wells Chairman of the Board November 24, 1997
- -------------------------
Ronald C. Wells
/s/ C. William Landefeld President, Chief Executive November 24, 1997
- ------------------------- Officer and Director
C. William Landefeld
/s/ Richard F. Becker Senior Vice President and November 24, 1997
- ------------------------- Secretary
Richard F. Becker
/s/ Dallas G. Smiley Senior Vice President, November 24, 1997
- ------------------------- Treasurer and Chief Financial
Dallas G. Smiley Officer
/s/ Bryce A. Sides Director November 24, 1997
- -------------------------
Bryce A. Sides
7
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/s/ Lyle J. Honegger Director November 24, 1997
- --------------------------
Lyle J. Honegger
/s/ Lowell M. Thompson Director November 24, 1997
- --------------------------
Lowell M. Thompson
THE PLAN.
Pursuant to the requirements of the Securities Act of 1933, the trustees (or
other persons who administer the Savings Plan) have duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Bloomington, State of Illinois, on November 24,
1997.
CITIZENS SAVINGS BANK, F.S.B. EMPLOYEES' SAVINGS
& PROFIT SHARING PLAN
By: /s/ C. William Landefeld
-------------------------------------
C. William Landefeld, President and
Chief Executive Officer
For: CITIZENS SAVINGS BANK, F.S.B.
8
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<TABLE>
<CAPTION>
EXHIBIT INDEX
-------------
Sequentially
Numbered
Page
Exhibit No. Description Method of Filing Location
- ------------ ------------------ --------------------------------------------------- ----------
<S> <C> <C> <C>
4 Stock Certificate of Incorporated herein by reference from the Exhibits --
Citizens First of the Registrant's Registration Statement on Form
Financial Corp. SB-2 filed with the SEC on January 24, 1996 and
declared effective on March 11.
23.1 Consent of Geo. S. Filed herewith. 12
Olive & Co. LLC.
23.2 Consent of Clifton Filed herewith. --
Gunderson L.L.C.
24 Power of Attorney Located on the signature page. --
</TABLE>
9
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EXHIBIT 23.1 CONSENT OF GEO. S. OLIVE & CO., LLC
10
<PAGE> 2
[LETTERHEAD OF GEO. S. OLIVE & CO. LLC]
INDEPENDENT ACCOUNTANTS' CONSENT
--------------------------------
The Board of Directors
Citizens First Financial Corp.
We have issued our report dated January 24, 1997, accompanying the consolidated
financial statements of Citizens First Financial Corp. and Subsidiary appearing
in the Form 10-KSB Report filed by the Company with the Securities and Exchange
Commission on March 28, 1997, which is incorporated by reference in this
Registration Statement. We consent to the incorporation by reference in this
Registration Statement of the aforementioned report.
Geo. S. Olive & Co. LLC
- ---------------------------
/s/ Geo. S. Olive & Co. LLC
Decatur, Illinois
December 4, 1997
11
<PAGE> 1
EXHIBIT 23.2 CONSENT OF CLIFTON GUNDERSON L.L.C.
12
<PAGE> 2
[LETTERHEAD OF CLIFTON GUNDERSON L.L.C.]
CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
---------------------------------------------------
The Board of Directors
Citizens First Financial Corp.
We have issued our report dated January 27, 1995, except as to Note 13 which is
as of February 25, 1995, accompanying the consolidated financial statements of
Citizens First Financial Corp. appearing in the Form 10-KSB Report filed by the
Company with the Securities and Exchange Commission on March 28, 1997, which is
incorporated by reference in this Registration Statement. We consent to the
incorporation by reference in the Registration Statement on Form S-8, pertaining
to Citizens Savings Bank, F.S.B. Profit Sharing and Savings Plan of the
aforementioned report.
/s/ Clifton, Gunderson L.L.C.
Peoria, Illinois
December 4, 1997
13
