Once you have completed your 2nd Current Estimate model, you will need to prepare a Variance Schedule explaining the differences between your 1st Current Estimate numbers and your 2nd Current Estimate numbers.  Attached is an example that Caroline Nugent prepared at 3rd Current Estimate for you to utilize as a template.  Please complete this variance analysis by noon on Thursday, August 2.  Please save all variance analysis at O:\Corporate\Tax\Lotus\2001 Current Estimate\2nd CE\1st CE to 2nd CE Variances by Business Unit.  This should help us eliminate some questions that might arise.  If you have any other current and/or deferrred tax adjustments, please detail those in a section at the bottom of the spreadsheet.  If you have any questions, please feel free to call me.

Thanks,
Michelle
3-0931