There is no fair value.

 -----Original Message-----
From: 	Howard, Kevin A.  
Sent:	Tuesday, November 06, 2001 7:16 AM
To:	Hayslett, Rod; Geaccone, Tracy
Subject:	Transwestern Fair Value

Tracy / Rod:

How much is TPC's current Fair Value balance?  The banks want to exclude "goodwill" from the tangible net worth computation - I realize goodwill and fair value are slightly different but they could make the argument to exclude.  I seem to recall a $300MM number.