All parties have agreed to extend discovery cut off from 1/19 to 3/5/01, but
only for depositions of scheduled persons.  The "protected" list includes
Brian Barth, the person most knowledgable from ECT Securities, Julien Smythe,
and the person most knowledgable from Akin, Gump.  The list does not include
Kevin McConville.  I assume that ECT will designate Barth as PMK and that Akin
Gump will designate Smythe as PMK, so that we are talking about only two
depositions.

Trial dates and dispositive motion deadlines have not changed.

As a result of the the limited extension of discovery cutoff, plaintiffs want
to push Brian back to the week of January 29th or the week of February 5th. 
They are also making noise about Brian's deposition possibly taking four days.
 We may want to take the position that Brian will be there for three days and
no more.  That will ruffle a lot of feathers, and you and I should discuss it.

Hennegan has asked if I will represent Akin Gump and, if so, will I accept
service.  You and I should discuss this also.  Either way, we need to alert
Akin Gump what is going on.



                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
                                             
................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................