Subject: "Update".

Body: Like most people, I heard on the news that the auction is done and that the winner is UBS. I have not received confirmation of this from my management. As soon as I hear anything official I will call a floor meeting to share what I know. If I hear nothing official by 2 PM I'll hold a floor meeting at that time to share what I know (or perhaps don't know). I am hopeful that we will have information within a couple of hours. Stay tuned. Tim

Subject: "US Responds to Terror #5".

Body: Afghanistan Ground War We believe plans are progressing for ground action in Afghanistan to begin over the next week. Rumsfeld and Bush are both overseas and it is unlikely that the attack would commence prior to their return. Forces earmarked for deployment include US Marines, US Rangers and British Marines. The Pentagon has reportedly suggested to London that it reclassify its marine commandos and paratroopers as "special forces" so the operation may still be depicted as an SF one. The tactical aims of such operations - which will see troops inserted by helicopter from Pakistan and then extracted via the same route - will be to destroy identified Al Qaeda targets in areas theoretically under Taleban control. Anthrax More incidents today with media outlets and politicians being the primary targets. There is a wide variety of media reporting on this, most of it unreliable. We reiterate that the U.S. government is equipped to handle isolated incidents of cutaneous anthrax exposures, but is not equipped to handle air-dispersed anthrax attacks on a wider scale, or more contagious biological weapons such as smallpox. The main impact of the current incidents (aside from those directly affected) is psychological; a further escalation of the sense of worry, which increases both political and economic pressure on the Bush Administration. Politically, there will be increased pressure "to do something" not only against the bin Laden network, but possibly Iraq. Economically, the anthrax incidents are simply another serious blow to consumer confidence. The Congressional incidents also are delaying passage of the fiscal stimulus package. Terrorist Sophistication Targeting Critical Infrastructure Not to be Overlooked The anthrax incidents also represent yet another attack against US critical infrastructure. Just as the World Trade Center and Pentagon attacks represented attacks on our transportation infrastructure, financial infrastructure, and government infrastructure, so too do the anthrax attacks target our government infrastructure (Congress, Gov. Pataki) and our communications infrastructure (Fox/CBS/ABC/NBC & mail delivery). Both the September l1th attacks and the anthrax incidents have hit targets that are significant both as critical infrastructure and as symbols of American power. The threat at Three Mile Island reported last night suggests that the possibility of attacks against energy infrastructure should certainly not be ignored and should probably be expected.

Subject: "Deposition of Dr. Chicchetti -- Details".

Body: The deposition of Dr. Charles J. Chicchetti will be taken at the offices of Steptoe & Johnson LLP on Wednesday, November 28, 2001, beginning at 9:30 a.m. Details Proceeding: San Diego Gas & Electric Co. v. Sellers of Energy and Ancillary Services, Docket Nos. EL00-95-045 et al. Deponent: Dr. Charles J. Chicchetti

Subject: "Management Committee Presentation Draft".

Body:
Michelle, This is still work in progress. The real work will be articulating the workforce data. Please give me any feedback you may have at this point. I will send more in the am. Thanks for your help.