Chicago (May 17, 2002) -- Rapidly shrinking Big Five firm Andersen this week shed several domestic offices in two deals with Ernst & Young.

Under the first deal, announced Wednesday, six Andersen partners and an undisclosed number of audit and tax professionals from the firm's Nashville office joined E&Y, effective immediately. In addition, 45 Andersen audit and tax professionals, including three partners, in the firm's Louisville office also joined E&Y. Terms of the agreements were not disclosed.

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