Repor of Independent Public Accountants To the Shareholders and Directors of Cardinal Health, Inc.: We have audited the accompanying consolidated balance sheet of Cardinal Health, Inc. and subsidiaries as of June 30, 2000 and the related consolidated statements of earnings, shareholders’ equity and cash flows for the year then ended. These consolidated financial statements ar e the responsibility of the Company’s management. Our responsibility is to express an opinion on these consoli - dated financial statements based on our audit. The con - solidated financial statements of Cardinal Health, Inc. and subsidiaries as of June 30, 1999 and 1998, wer e audited by other auditors whose r eport dated August  10, 1999, except for the first paragraph of Note 2 as  to which the date is May 26, 2000 and the fiscal 1999 and 1998 amounts in Note 12 as to which the date  is September 5, 2000, expressed an unqualified opinion on those statements. We conducted our audit in accor dance with auditing standards generally accepted in the United States. Those standards require that we plan and per form the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence suppor ting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management,  as well as evaluating the overall financial statement pr es- entation. We believe that our audit pr ovides a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Car dinal Health, Inc. and subsidiaries as of June 30, 2000 and the con - solidated results of their operations and their cash flows for the year then ended in confor mity with accounting principles generally accepted in the United States. ARTHUR ANDERSEN LLP Columbus, Ohio July 21, 2000 54 Cardinal Health, Inc. Annual Report 2000