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S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997
Entire Document
 
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                         INDEPENDENT AUDITORS' REPORT
 
The Partners
LaSalle Partners Limited Partnership
LaSalle Partners Management Limited Partnership:
 
  We have audited the accompanying combined balance sheets of LaSalle Partners
Limited Partnership and subsidiaries and LaSalle Partners Management Limited
Partnership and subsidiaries as of December 31, 1995 and 1996, and the related
combined statements of earnings, partners' capital (deficit), and cash flows
for each of the years in the three-year period ended December 31, 1996. These
combined financial statements are the responsibility of the general partners
of the Partnerships. Our responsibility is to express an opinion on these
combined financial statements based on our audits.
 
  We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform 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
supporting 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 presentation. We believe that our audits provide a reasonable basis
for our opinion.
 
  In our opinion, the combined financial statements referred to above present
fairly, in all material respects, the financial position of LaSalle Partners
Limited Partnership and subsidiaries and LaSalle Partners Management Limited
Partnership and subsidiaries as of December 31, 1995 and 1996, and the results
of their operations and their cash flows for each of the years in the three-
year period ended December 31, 1996, in conformity with generally accepted
accounting principles.
 
                                          KPMG Peat Marwick LLP
 
Chicago, Illinois
March 21, 1997

except as to note 12
which is as of April 22, 1997
 
                                      F-2


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