GRB971227: #026 T.J. Galama, P.J. Groot (University of Amsterdam), S. Bianchi and J. Davies (Cardiff), T. von Hippel (University of Wisconsin) and A. Diercks (University of Washington, Seattle), J. van Paradijs (UoA and University of Alabama in Huntsville), C. Kouveliotou (USRA at NASA/MSFC) report: "As noted by many, the identification (GCN #21) of a galaxy with the optical counterpart to GRB971227 proposed by Castro-Tirado et al (GCN note #20, IAUC 6800), is incorrect. The galaxy is unrelated to the proposed counterpart. We sincerely apologize for the confusion this has caused to the community. Comparison of the images taken with the Kitt Peak 0.9m telescope at Dec. 29.53 UT, the Apache Point Observatory 3.5m Telescope at Dec 30.44 UT and a 2700s exposure with the 2.5m Isaac Newton Telescope at La Palma at Jan 03.10 UT of the region around the proposed OT, shows no variable object at a level of more than 0.3mag down to R=21.5. Please direct communications to paulgr@astro.uva.nl [GCN Operator's Note: The archive of GCN Messages for GRB971227 can be found at: http://gcn.gsfc.nasa.gov/gcn/other/971227.gcn3]