EQUITY MORNING MEETING HIGHLIGHTS:
A report was just forwarded to you entitled "Morning Meeting Highlights". 
This is a report put out every morning following the UBS/PaineWebber Equity 
Research Morning Meeting. It contains information on daily equity upgrades, 
downgrades, and industry reports from UBS/PaineWebber's equity analysts. If 
you enjoy the report, please e-mail me at henry.emery@painewebber.com and let 
me know so I can continue to send it to you on a daily basis. This is simply 
another way for us to keep you informed on what is going on in the markets.

Sincerely,

Hank Emery
Financial Advisor
Private Client Group
Emery Financial Group
UBS/PaineWebber Incorporated
109 N. Post Oak LN, Suite 150
Houston, TX 77024
713-957-7060




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