Dear Ken:

Leo Linbeck III told me of your thoughtful phone call regarding The
Institute for Advanced Study in Musical Theatre.   I understand your
priorities and look forward to our ongoing relationship.   Towards that end
please allow me to reiterate my invitation for you to join the Board of
Trustees.   We would be proud to share our camaraderie and you can look
forward to discussing freedom and collaboration*, without commercial
interruption.

Warmest personal regards,

Stuart


*Attached
 - ken lay