Louise,

Attached as we discussed is a draft of the wording that could be used
in the master purchase agreements to designate a third party to take
title in the event of physical settlement.  We would be happy to
discuss this wording on tomorrow morning's call.

Regards,
Lou Eber
212-821-3578

-----Original Message-----
From: Stock, Chase+
Sent: Thursday, January 03, 2002 6:44 PM
To: Eber, Louis; Hunt, Jim+; Meisner, Joseph+; Schleimer, Andrew+;
louise; wisemanm; gilbergd; davye
Cc: Stock, Chase+; Stock, Chase+
Subject: 9:00 AM EST Call on 1/4/02


The information for the 9:00 AM EST call on 1/4/02 is

1-888-446-5348
Ask for UBS Warburg call
Moderator: Joseph Meisner.

If you have any problems, please call me.

Chase Stock
Mergers & Acquisitions
UBS Warburg LLC
Tel 212 821-3977
Fax 212 821-4178



 - netco-phys.doc 

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