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PQ~y <br />VEAlO~Y MOLDIMO COMPANY, IMC. <br />IRL F. ENGELHARDT <br />Readwn and <br />CAN E+tuln~ OIIM <br />1111111111111111111 <br />707 Market StreaL Suite 700 <br />51. Louis. Missouri 63tOt-1826 <br />(314) 3027777 <br />Far (3ld)342-7797 <br />December 16, 1992 <br />DEC 2 91992 <br />DIVI~. <br />MINERALS 8 . . _ <br />Dear Supplier: <br />Peabody Holding Company has recently completed the <br />periodic update of our Code of Business Conduct, first <br />adopted more than a decade ago. This Code defines proper <br />business conduct for all salaried employees of our company <br />and our subsidiaries and affiliates. <br />With the new year upon us, I thought it appropriate <br />to forward a copy of the Code to you and to other Peabody <br />suppliers. Please share the contents, particularly the <br />provisions on Commercial Relationships (pages 4 and 5), <br />with your staff. This will help all of us insure that our <br />actions are proper and prudent based on the Code's <br />requirements. <br />Thank you for your <br />past year. We wish you <br />season. <br />1FE/clt <br />cooperation and service in the <br />and your staff a very happy holiday <br />Sincerely, <br />Irl F. Enge ardt <br />Enclosure <br />