Attached is the final draft of the Macerich news release.  The
TCV is approximately $280 million.  The draft reflects comments
from Steve Kean, Mark Palmer, Mark Koenig, Cedric Burgher,
Jermey Blachman, Marty Sunde, Tom White and other EES
executives.

Please let me know if you have any changes or comments.  We'd
like to release mid-morning Thursday, November 30.

Thanks
Peggy Mahoney
57034