Textbook Alert

Part 3B
Commercial Liability Risk Management and Insurance, Volume II (second edition) by Malecki, Horn, Wiening, and Donaldson is no longer available from the American Institute for Chartered Property Casualty Underwriters. Although the third edition has been published, the CAS will use the second edition of Volume II for the Fall 1997 3B Examination. For candidates who cannot locate the textbook, a copy may be borrowed from the CAS Library.

Parts 4A and 5A
Actuarial Mathematics (first edition, 1986) by Bowers, Gerber, Hickman, Jones, and Nesbitt is no longer available at most book stores; the second edition has been published. However, the Society of Actuaries still has the first edition, which will be used for the CAS Fall 1997 Examinations. When ordering from the SoA, candidates should specify the 1986 edition.

Part 4B
Introduction to Credibility Theory (first edition, 1994) by Herzog is out of print. The second edition is available. If it is necessary to order the second edition, ACTEX Publications will provide a map for conforming to the 1997 CAS Syllabus of Examinations.

Part 5A
Macroeconomics (second printing, 1991), the SoA Study Note by Wachtel, is still available from the Society of Actuaries. However, a new edition has been published. CAS candidates must request the 1991 edition.

Part 5B
Principles of Corporate Finance (fourth edition) by Brealey and Myers may not be available due to the release of the fifth edition. The fourth and fifth editions are substantially identical, and candidates should be able to use either edition in preparation for the 1997 CAS Examinations. Candidates studying from the fifth edition should substitute the following reading list for the list found on page 60 of the CAS 1997 Syllabus of Examinations: Brealey, R.A.; and Myers, S.C., Principles of Corporate Finance (Fifth Edition), 1996, Chapters 3 (3-5), 4, 5 (excluding 5-6), 6 (6-1), 7-9, 12 (12-3, 12-4, 12-5), 13, 14, 18 (Appendix only), 20, 21, 23, 27, 28, 34, 35; including Appendices except for Chapters 4, 6, 9, and 28. While candidates will not be tested on Chapters 1-3 (except 3-5), they may find it useful to review these chapters as background for this examination. Although no direct questions will be taken from these chapters, familiarity with the material may be assumed in testing other chapters.