Clint,

Here is the calculation again.    As discussed, the forward price was
dropped from the 1/4/02 settlement date level back to the unwind settlement
date of 11/6/01.   For a note issued on 11/6/01, interest should be
calculated to the note maturity date of 12/3/01.

Please let us know when the note is ready to be picked up, and we will send
someone over.

Regards,

Russell F. Hackmann, CFA
Lehman Brothers Corporate Equity Derivatives
(201) 524-2279 phone
(917) 596-2936 cell
rhackman@lehman.com

> -----Original Message-----
> From:	Hackmann, Russell
> Sent:	Thursday, November 01, 2001 4:45 PM
> To:	Clinton Freeland (E-mail); Timothy Despain (E-mail)
> Subject:	calculation
>
>
>  <<unwind value.xls>>
> This is the calculation for the forward price on 11/6.   It does not
> include the value of the additional consideration.
>
> Russell F. Hackmann, CFA
> Lehman Brothers Corporate Equity Derivatives
> (201) 524-2279 phone
> (917) 596-2936 cell
> rhackman@lehman.com
>


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 - unwind value.xls