<<Cascades Q3>>  <<NorskeCanada Q3 '01, Oct 25 '01>> 

Regards,
Tom Cochran


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From:  <Reid.Carter@NBFinancial.com>
Date: Thursday, October 25, 2001 10:50:45 GMT
Subject: 

Our apologies... yesterday's Cascades note contained an error in our 2002
estimates. The company is expected to much better than we stated! The
corrected note is attached.

Reid
 <<Cascades Q3, Oct 25 '01.pdf>> 


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Financi?re Banque Nationale et Compensation BNC n'assument
aucune responsabilit? quant ? la confidentialit? et l'int?grit? du 
pr?sent courriel en raison des risques d'interception inh?rents ?
l'Internet. 
Pour cette raison, toute opinion exprim?e au terme des pr?sentes 
ne refl?te pas n?cessairement celle de Financi?re Banque Nationale
et de Compensation BNC.
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Due to the security risks involved in sending information over the
Internet, National Bank Financial  and NBC Clearing Services can 
not be held responsible for ensuring the confidentiality and integrity 
of the present e-mail. For this reason, the opinions expressed herein 
do not necessarily reflect those of National Bank Financial 
and NBC Clearing Services.
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--------- Inline attachment follows ---------

From:  <Rune.Gjessing@NBFinancial.com>
Date: Friday, October 26, 2001 3:51:33 GMT
Subject: 

 <<NorskeCanada Q3 '01, Oct 25 '01.pdf>> 

Rune Gjessing, CFA
Associate Analyst, Paper and Forest Products
National Bank Financial
Park Place
Suite 3300 - 666 Burrard Street
Vancouver, BC
V6C 2X8, Canada

Tel: (604) 443-4018
Fax: (604) 682-2527
Toll free: (888) 233-0833 Ext. 4018
E-mail: rune.gjessing@nbfinancial.com



**********************************************************************
Financi?re Banque Nationale et Compensation BNC n'assument
aucune responsabilit? quant ? la confidentialit? et l'int?grit? du 
pr?sent courriel en raison des risques d'interception inh?rents ?
l'Internet. 
Pour cette raison, toute opinion exprim?e au terme des pr?sentes 
ne refl?te pas n?cessairement celle de Financi?re Banque Nationale
et de Compensation BNC.
**********************************************************************
Due to the security risks involved in sending information over the
Internet, National Bank Financial  and NBC Clearing Services can 
not be held responsible for ensuring the confidentiality and integrity 
of the present e-mail. For this reason, the opinions expressed herein 
do not necessarily reflect those of National Bank Financial 
and NBC Clearing Services.
**********************************************************************