IN: This is an email
The Fourth Quarter and Year 2001 Performance: The model portfolio has gained 12.78% during the fourth quarter versus a 10.42% gain for the S&P500. While the market has not delivered positive returns for the year, we are happy to point out that the Industry Selector is in positive territory as the year comes to an end. The year to date gain of 1.12% is leading the benchmark by 1407 basis points. Looking forward to the first quarter of 2002, our Industry Selector favors: Aerospace/Defense, Auto Parts & Equipment, Communication-Equip/Mfrs., Distributors, Electronics (Semiconductors), Electric Companies, Electrical Equipment, Equipment (Semiconductors), Financial (Diversified), Foods, Footwear, Health Care (Drugs), Insurance Brokers, Insurance (Life/Health), Publishing (Newspapers), Retail Stores (Dept. ), Retail Stores (Drug). (full article attached) LJE www.lajollaeconomics.com

What is the subject?

OUT: The Industry Selector*

IN: This is an email
Please find attached the referenced list. For Enserco Energy, Inc., my previous approvals remain the same except for power, which has been shut down for trading (I can't just copy the last excel spreadsheet since the columns are not in the same order anymore). Then, the only other new counterparty is also shut down for power but open for everything else.

What is the subject?

OUT: Counterparty Approval List for 02/10/00

IN: This is an email
All, We seem to be having a problem with Email this morning. We are working on it now and will let you know when the issue is resolved. If you have questions please contact somebody in the IT Team. Dave

What is the subject?

OUT:
Email