Two weeks ago, a member of the FRBNY legal staff asked to meet with AIG
staff to discuss AIG's present and proposed retail swap activities. I
responded that AIG does not now and has no plans to engage in that activity.
For that reason, I stated that it was premature to consider the need to
regulate an activity that does not now exist and that ought to be the
agencies response to Congress.

	-----Original Message-----
	From:	Stacy Carey [SMTP:SCAREY@ISDA.ORG]
	Sent:	Wednesday, July 18, 2001 4:46 PM
	To:	US REGULATORY COMMITTEE
	Subject:	Retail Swaps Invitation Letter and Questions

	For your information, I have attached correspondence from the
Federal
	Reserve requesting ISDA's participation in the Commodity Futures
	Modernization Act retail swaps study.  The correspondence also lists
	interview topics/questions. Please do not hesitate to call if you
have any
	questions.  Many thanks!   -- Stacy

	Stacy Carey
	Policy Director
	International Swaps and Derivatives Association
	600 5th Avenue, 27th Floor
	Rockefeller Center
	New York, NY  10020
	(212) 332-1202 ph
	(212) 332-1212 fax
	(917) 543-9622 cell
	scarey@isda.org


	>  <<FRBNYLtr.pdf>>
	>
	>  << File: FRBNYLtr.pdf >>