CHICAGO - Wisconsin said yesterday that after a recent review it found no conflicts of interest in its three-year dealings with Lazard Freres & Co. and First Albany Corp. as its financial advisers.

"We found that as far as the state of Wisconsin is concerned, there appears there is no reason to believe there was a conflict of interest or anything improper, period," said P. Nicholas Hurtgen, deputy secretary of the state's Department of Administration.

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