This is the content of an email: It appears Susan Bailey still can not get in and edit the master swap agreement database. She now has the icon, but no edit priviliges. Can you please get her access. Much thanks!

Subject: Master Swap Agreement Database

This is the content of an email: Sally, Here is a first cut at our contractor cuts. I am still working on the rates/monthly savings. In most cases, I guessed. I should have updated rates tomorrow. Please let me know if you have any questions. JR

Subject: Contractors

This is the content of an email: At the last RAC Departmental meeting concern was expressed that the vacant positions within RAC were not being filled as quickly as hoped. I would therefore like to keep you all updated as to where we stand with new joiners. Recent new recruits include: Rudi Zipter (Director - MRM) who has transferred from Houston, Shane Miller (Senior Specialist - MRM) and Ravi Tumuluri (Associate - U/W) and I would like to welcome them all to RAC. Looking forward we have several new people coming on board in the next few months and I have outlined their provisional start dates below: Credit John Collenette (Snr Director) - 5 November Mike Mumford (Director) - 3 September Blair Van Zant (Director) - 1 October Tracy Ngo (Director) - September Simon Hockenhull (Snr Specialist) - 2 September Adam Bauer (Specialist) - 27 August (Sydney office initially) Shane Forster (Sr.Specialist) - 24 September Market Risk Michel Gantois (Director) - December/January Erik Beekman (Specialist) - 17 September Underwriting Christian Pearce (Associate) - 10 September I realize that, in addition to increasing our capacity, new starters also require a fair amount of indoctrination/training. Many members of our team as well as RAC-Houston and much of EEL have put a large amount of time and effort in the selection of these people, all with the consideration of adding people that will fit in and provide some level of unique experience/insight. We believe that these new starters will provide an excellent complement to our existing skill sets. Please do your best to welcome these new people, take advantage of their capabilities as well as give them the benefit of your knowledge and experience. Hopefully these additions will allow us to effect an intellectual capital transfer that benefits us all and makes this a better place to work in all respects. Please let me know if you have any questions or concerns. Ted

Subject: New Starters

This is the content of an email: Andrea, Is it possible to get a list of first year analysts who graduated in December to interview for my group? I don't know how the process works, but I would like to hire a candidate just out of college if possible. Thanks for your help. DG 3-9573
Subject: First Year