UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

Litigation Release No. 17952 / January 27, 2003

   Accounting and Auditing Enforcement Release No. 1707 / January 27,
   2003

      Former Arthur Andersen Auditor and Two Additional Former Sunbeam
                        Officers Settle SEC Charges

   , Civil Action No. 01-8437-CIV (Middlebrooks)(S.D. Fla.)

   Phillip E. Harlow, the audit partner on the Arthur Andersen
   engagements to audit Sunbeam's 1996 and 1997 year-end financial
   statements, Robert J. Gluck, Sunbeam's former controller and chief
   accounting officer, and Donald R. Uzzi, a former Sunbeam
   vice-president for sales, have settled charges brought against them by
   the Securities and Exchange Commission. These settlements resolve all
   outstanding matters in the Sunbeam litigation.

   Pursuant to his offer of settlement, the Commission today entered an
   Order denying Phillip Harlow ("Harlow") the privilege or appearing or
   practicing before the Commission as an accountant, with a right to
   reapply after three years. , Exchange Act Release No. 34-47261,
   Accounting and Auditing Enforcement Release No. 17952. The Commission
   found that, in connection with Arthur Andersen's audits of Sunbeam's
   1996 and 1997 year-end financial statements
     * Harlow failed to exercise professional skepticism when performing
       audit procedures and gathering and analyzing audit evidence. In
       some instances, moreover, Harlow accepted uncorroborated
       representations of Sunbeam's management in lieu of performing
       appropriate audit procedures.
     * Harlow failed to exercise due professional care in performing the
       audit and preparing the audit report. Although Harlow identified a
       number of audit risks and accounting issues associated with the
       Sunbeam engagement and should have known these items could have a
       material impact on the financial statements, he failed to perform
       sufficient audit procedures to determine whether the financial
       statements were in conformity with GAAP. Specifically, Harlow did
       not adequately address the Company's excessive restructuring and
       litigation reserves at year-end 1996, which resulted in the
       overstatement of the Company's income in 1997. Similarly, his lack
       of care in conducting the 1997 year-end audit allowed management
       to recognize revenue on sales that did not comport with applicable
       accounting standards.
     * Harlow failed to obtain sufficient competent evidential matter
       through inspection, observation, inquiries, and confirmations to