Mr. Shankman,

Do you have documents for the fund, if so, please complete and return to me
and also be advised that contributions (ie. wire/check) must be in by close
of business tomorrow, January 4, 2001 to be eligable for the January 2001
opening, if not the next opening will be April 1, 2001.

Please give me a call to discuss further at (212) 389-8027.

Thank you.

Christina Mastros
Private Banking
C.E. Unterberg, Towbin
10 East 50th Street, 20th Floor
New York, NY  10022
(212) 389-8027 - Phone
(212) 389-8427 - Fax
cmastros@unterberg.com



-----Original Message-----
From: Jeffrey.A.Shankman@enron.com [mailto:Jeffrey.A.Shankman@enron.com]
Sent: Wednesday, January 03, 2001 12:43 PM
To: cmastros@unterberg.com
Subject: RE: C.E. Unterberg, Towbin Communications Fund, L.P.



Yes, how should I proceed?




"Mastros, Christina" <cmastros@unterberg.com> on 01/03/2001 11:10:58 AM

To:   "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
cc:
Subject:  RE: C.E. Unterberg, Towbin Communications Fund, L.P.



Just a reminder, back on November 30, 2000 you had expressed an interest in
the January 1, 2001 opening.  Please let me know if you are still
interested.

Thank you.

Christina Mastros
Private Banking
C.E. Unterberg, Towbin
10 East 50th Street, 20th Floor
New York, NY  10022
(212) 389-8027 - Phone
(212) 389-8427 - Fax
cmastros@unterberg.com



-----Original Message-----
From: Jeffrey.A.Shankman@enron.com [mailto:Jeffrey.A.Shankman@enron.com]
Sent: Thursday, November 30, 2000 10:59 AM
To: cmastros@unterberg.com
Subject: Re: C.E. Unterberg, Towbin Communications Fund, L.P.



Thanks for the reminder.  Yes I'd like to be included in your jan 1, 2001
contribution.  I will attend to this with the necessary paperwork in mid
december.
Regards,

Jeff




"Mastros, Christina" <cmastros@unterberg.com> on 11/30/2000 09:17:44 AM

To:   "'jeff.shankman@enron.com'" <jeff.shankman@enron.com>
cc:
Subject:  C.E. Unterberg, Towbin Communications Fund, L.P.


jeff.shankman@enron.com

Thank you for expressing interest in investing in C.E. Unterberg, Towbin
Communications Fund, L.P. (COMM) whose portfolio manager is Amanda
Macklowe.
We have been conducting monthly openings since the fund's inception.

We will allow monthly contributions into the fund on December 1, 2000 and
January 1, 2001.  After that, subscriptions will be quarterly as per the
Limited Partnership Agreement.

To date we have raised $12 million.  Despite the challenging market we have
experienced over the past few months, COMM had returned approximately 4.2%
through the end of October.  November continues along this trend.

If you are interested, please respond to this e-mail or you may give me a
call at
(212) 389-8027.

We thank you for your attention and wish you a joyous upcoming holiday
season.

----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to
request, authorize or  effect the purchase or sale of any security, to send
fund transfer instructions, or to effect any other transactions.  Any such
request, orders or instructions that you send will not be accepted and will
not be processed.

================================================================





----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to
request, authorize or  effect the purchase or sale of any security, to send
fund transfer instructions, or to effect any other transactions.  Any such
request, orders or instructions that you send will not be accepted and will
not be processed.

================================================================

----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of 
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to 
request, authorize or  effect the purchase or sale of any security, to send 
fund transfer instructions, or to effect any other transactions.  Any such 
request, orders or instructions that you send will not be accepted and will 
not be processed.

================================================================