Mr. Fastow,

I'm writing all of our participants and confirming plans for the upcoming
corporate finance meetings on May 4-5 here.  As a reminder, you are slated
to sit on the executive option/equity dilution panel on Saturday
morning.  Dave Yermack from NYU, the number one expert on this issue, is
presenting at that session.  (Again, serving as a panelist should require
little preparation on your behalf.)

Also, you and your wife are welcome to attend the dinner on Friday evening,
May 4.  It will be held in the Baker Institute across from the business
school.  Tom Copeland is our speaker - (I think he plans to focus his
remarks on real options).  Vince Kaminski  has told me he will be at the
dinner, however his wife is out of town and will not be.

Please call me direct if I can be of any help or assistance.   I look
forward to seeing you soon.  I've attached a copy of the program along with
a name rooster of those planning to attend.


Dave Ikenberry


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Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385