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EXHIBIT 28
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To Costco Wholesale Corporation:
We have reviewed the accompanying condensed consolidated balance sheet of
Costco Wholesale Corporation (a Washington corporation) and subsidiaries as of
November 26, 2000, and the related condensed consolidated statements of income
for the twelve-week periods ended November 26, 2000 and November 21, 1999, and
the condensed consolidated statements of cash flows for the twelve-week periods
then ended. These financial statements are the responsibility of the Company's
management.
We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statements taken as a
whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that
should be made to the financial statements referred to above for them to be in
conformity with accounting principles generally accepted in the United States.
ARTHUR ANDERSEN LLP
Seattle, Washington
December 11, 2000
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