USAA PRIME: CHOICE CATS FOR DIVERSIFYING INVESTORS

Dear Colleague: Please find posted on our web site our latest paper "USAA
PRIME: Choice Cats for Diversifying Investors". This paper - which
contrasts two recent securitizations - is a contributed chapter to an
upcoming risk management text by Prof. Chris Culp of the University of
Chicago.

You may access the paper under the "Publications/Comparative (or Arbitrage)
Analysis of Insurance Securities and Derivatives" section of our site
(www.lanefinancialllc.com) or directly through the following link:
http://www.lanefinancialllc.com/pub/sec2/USAA_Prime_9-3-01.pdf

Best regards,

Morton Lane
Roger Beckwith
Lane Financial LLC

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