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PHYSICIANS TRUST, INC.
1300 POST OAK BOULEVARD, SUITE 1800
HOUSTON, TEXAS 77056
(713) 622-1818
May 21, 1998
Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street N.W.
Washington, DC 20549
Attention: Ms. Carolyn J. Sherman
Re: SEC File No. 333-47331; Physicians Trust, Inc.
Registration Statement on Form S-1
Ladies and Gentlemen:
Pursuant to Rule 477 of the Securities Act of 1933, please accept this
letter as a request for the Commission's consent to the withdrawal of the
Registration Statement on Form S-1, File No. 333-47331 (the "Registration
Statement"), of Physicians Trust, Inc. (the "Company"). As a result of adverse
market conditions with respect to the equity securities of other issuers in the
Company's market sector (physician practice management), the Company no longer
intends to pursue the initial public offering of its common stock, the
registration of which was contemplated by the Registration Statement.
Pursuant to Rule 477, upon the Commission's consent to withdrawal of the
Registration Statement, the Commission shall include an order in the file for
the Registration Statement stating that the Registration Statement has been
"withdrawn upon the request of the registrant, the Commission consenting
thereto." Please return one dated copy of the order granting such withdrawal to
the undersigned.
Please direct all inquiries to Robert J. Viguet, Jr., counsel to the
Company, at (713) 654-9693 or to the undersigned at the number set forth above.
Very truly yours,
PHYSICIANS TRUST, INC.
/s/ Robert F. Strange, Jr.
Robert F. Strange, Jr.
