Subject: "Commercial Risk Reinsurance Company Limited".

Body: Steve and/or Rhett: We are trying to finalize an ISDA with the above counterparty which is a Bermuda company. They made 1 tax comment to our Schedule. Currently, they rep to us that Each payment received or to be received by them in connect with the Master Agreement will not be effectively connected with its conduct of a trade or business in the US. They want to add the following to this rep: Each payment to be received by it in connection with the Master Agreement will be either foreign source income under the Code or portfolio interest within the meaning of Section 881(c) of the Code or gain derived from the cash settlement of an option. Is this okay? As my days are numbered here if there is any way that I could get some feedback on this this week that would be great so that at least I can respond to them. Thanks. Carol

Subject: "EOL Liquidity".

Body: Please begin your focus on increasing EOL liquidity as soon as possible. This is not a long term project. Lavo will be seeking immediate results. Thanks,

Subject: "Keep Earning 500 Bonus Miles Every Night!".

Body: Thank you for registering for Miles-By-Night! Remember, you can continue earning 500 bonus miles each night you stay through April 30, 2001. That's in addition to the miles you may already earn if you're a frequent flyer member! Miles-By-Night bonus airline miles are available at more than 140 participating Westin Hotels & Resorts(R), Sheraton Hotels & Resorts(R), St. Regis(R), The Luxury Collection(R) and W Hotels(R) in the U.S. Plus when you stay at any of our nine New York City (Manhattan) hotels, you'll receive 1,000 bonus miles a night!

Subject: "RESPONSE REQUESTED: Derivatives III".

Body:
Please let me know if you would be interested in attending a Derivatives III course in Portland (next year). (We are working to create a training calendar for 2002 and would like to be sure we have enough interest to offer DIII next year.) Thanks!