Conference Call With UBS/PaineWebber Analyst,  Nikos Theodosopoulis:

On Wednesday, May 9, 2001, we have scheduled a conference call exclusively 
for the Emery Financial Group and our clients with UBS/ PaineWebber Analyst 
Nikos Theodosopoulis. Mr. Theodosopoulis covers the following companies:

Cicso Systems (CSCO)                                   Avici (AV)
Lucent Technologies (LU)                             Ciena (CIEN)
Juniper Networks (JNPR)                               Nortel (NT)
ADC Communications (ADC)                       Tellabs (TLAB)

Mr. Theodosopoulis will discuss his outlook on these companies, and will also 
leave some time at the end of the call for questions. Following is the 
information you will need to participate in this call:

Telephone#: (800)-406-5345
Confirmation Code: 586779
Date: 05/09/2001
Time: 1:00pm Central Time
Length: 20 minutes
Title: Emery Groups Conference With Nikos Theodosopoulis

To help ensure the conference begins in a timely manner, they ask that we 
dial in 5-10 minutes prior to the conference.

Sicerely,

Hank Emery
Financial Advisor
Emery Financial Group
UBS PaineWebber Incorporated
Houston, Texas
713-957-7060




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