We will not "accept" Kern's termination letter.

 -----Original Message-----
From: 	Bridges, Michael  
Sent:	Thursday, March 21, 2002 10:15 AM
To:	Shackleton, Sara
Subject:	Kern Oil & Refining Company

I agree that the deals that the list of open transactions that Kern provided is all inclusive.  I have left a message for Alan Kornicks, Kern, to call me back to discuss the settlement process they have proposed.  Additionally, I will speak with Ed McMichael regarding our ability to settle and what steps need to occur prior to accepting Kern's termination letter.