Our review of the counterparty list is not considering, for the most part, 
state of incorporation.  The biggest consideration with derivatives is the 
country of incorporation (and additionally, the country(ies) in which trading 
will take place).  For the bulk of our swap counterparties, i.e. energy 
companies, state law currently isn't an in issue on approval of swap 
trading.  It is more of an issues with governmentals, utilities, insurance 
companies, pension funds and the like, and we do not capture that information 
until we are in active neogtiation with a counterparty.  With utilities, you 
cannot make a general assumption that any particular state law that applies 
to one utility will apply to another.  Each utility need to be looked at 
individually to see which state or federal law may apply to that counterparty.

The bulk of you customer list is not financial counterparties we are in 
active negotiation with, so we are not capturing state of incorporation.  I 
know the Global Contracts Group has been trying to capture that information.  
You may want to talk to Mary Gosnell.