all we need to do is lose $2MM of VaR - it can't be that difficult

 -----Original Message-----
From: 	Hayden, Frank  
Sent:	Friday, November 09, 2001 9:50 AM
To:	Port, David; Lavorato, John
Subject:	VAR limit violation

I spoke with Arnold regarding limit violation and he understood issue.  I spoke with Presto and his response was that his desk is within his limits and he didn't see need to reduce risk.  I await direction.

Frank