---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/15/2000 
04:34 PM ---------------------------


Zimin Lu
09/13/2000 05:19 PM
To: John Disturnal/CAL/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT 
Subject: correlation triangle



John, 

Thanks for the fax.  I think we can build a similar model as in fx market  
outlined in my writing attached below.
Give me your comments and we will make it work.

Zimin