  We develop an improved Statistical Multifragmentation Model that provides the
capability to calculate calorimetric and isotopic observables with precision.
With this new model we examine the influence of nuclear isospin on the fragment
elemental and isotopic distributions. We show that the proposed improvements on
the model are essential for studying isospin effects in nuclear
multifragmentation. In particular, these calculations show that accurate
comparisons to experimental data require that the nuclear masses, free energies
and secondary decay must be handled with higher precision than many current
models accord.
