T.S. Olga Commentary      Issued:   08:45 AM Monday November 26, 2001   Olga Forms in Central Atlantic  Commentary Number 1     As of 9am CST:   Position: 30.7N/56.1W - about 500 miles east of Bermuda  Movement: NW at 7 mph  Max Winds: 70 mph gusting 90 mph   Morning visible satellite imagery clearly shows that this storm is fully tropical in nature. Therefore, it has been reclassified as Tropical Storm Olga. There is evidence that an eye is developing, and we think that Olga will be upgraded to a hurricane in the next 12-18 hours.   The good news is that Olga is forecast to remain well out to sea. The forecast takes Olga on a general W-WNW track through 72 hours at a very slow speed. By late this week, Olga should begin heading northward over cooler waters where it will begin to gradually weaken.   Olga will be no threat to any land areas with the possible exception of Bermuda.   The next commentary will be issued near 3pm CST this afternoon.   Chris hebert