Subject: "Offer".

Body: Toni: I would like to extend an offer to Cynthia Lara. I interviewed her last week. The offer should be $58,000/year. If you have any questions just let me know or contact Patti Sullivan @ x30494 or Bob Superty. Thanks for your help.

Subject: "FOEX PIX Paper".

Body: Hello Team, The FOEX PIX Paper US Benchmark Index for newsprint fell to $506.16 this week, down $4.71 from last week. In the months of October and November, the FOEX PIX Paper prices have oscillated between falling and stabilizing. Ayesha

Subject: "Hedge Funds".

Body: Have been reading a little about Hedge Funds (their drivers, etc.) and our ability to cater to their needs looks promising - the current energy landscape and the markets' reactions to them can only help. Will summarize all my learning's over the next couple of weeks and send them to you. Maybe we can originate a few new products catering specifically to this sector. Hope you managed to get some sleep last weekend. - R

Subject: "El Paso-ENA Deal".

Body:
I thought Becky's draft answer to protests looked great. Her mention of the amount of TW capacity held by the Indicated Shippers was an elegant touch. No changes. Thanks. DF