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Chairman's Response to Issue of Recovering Miscalculated Executive Compensation

(June 25, 2004)

Copied below is the text of a June 25, 2004 letter from Lewis Ranieri, Chairman of the Computer Associates board of directors, in response to a June 16, 2004 letter concerning shareholder interest in the recovery of miscalculated executive compensation.




Computer Associates

Lewis Ranieri, Chairman


                                                            June 25, 2004


Mr. Gary Lutin

Lutin & Company

575 Madison Avenue

10th Floor

New York, NY 10022


Dear Mr. Lutin:


            I write in response to your letter of June 16, 2004.


            As Computer Associates International, Inc. (CA) has previously reported, CA is cooperating with the Department of Justice and the Securities and Exchange Commission in their investigation of various matters.  In connection with the government investigation, CAs Board of Directors is continuing to review the matter of compensation paid or due to the individuals subject to the investigation, and possibly others.  Following the completion of the this [sic] review, the Board will take such action as it deems appropriate.



                                                            Very truly yours,





                                                            Lewis S. Ranieri






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