Pursuant to Friday's meeting with the House Financial Services Committee, we
have drafted an industry letter to Chairman Sensenbrenner supporting passage
of the netting provisions. We have also drafted a similar letter to send to
the House and Senate leadership that supports the sentiment expressed by the
key financial regulators in the October 31 letter to Speaker Hastert which
is attached below. We would like to get a good showing of trade associations
and firms sign-on the attached letters we hope to send tomorrow.  Please let
Stacy Carey (212) 332-1202 or Frank Hampton (202) 434-8400 know if you would
be willing to sign the letter.
We have also scheduled a conference call for 9:00 a.m. tomorrow.  The call
details are as follows:
CALL TIME: 9:00 AM
USA Toll Free Number: 888-904-9318
PASSCODE: BANKRUPTCY
LEADER: Ms Stacy Carey
If you have any questions please contact either Stacy or Frank.  Many
thanks.

 <<Sensenbrenner Letter.doc>>  <<House-Senate Leadership Letter.doc>>

>  <<Monday, November 05, 2001.pdf>>
>

 - Sensenbrenner Letter.doc 
 - House-Senate Leadership Letter.doc 
 - Monday, November 05, 2001.pdf