Panel on Valuation Teleconference Monday Nov 20

Dear Ken,

In preparation for our conference call on Monday, November 20, at 5:00 PM
EST, I am sending along the entire paper for our discussion. You will see
that this paper includes the Executive Summary, a copy of which I sent
before. There is still some work to do on both the summary and main paper,
but this will be a good time to have a discussion in order to move these
documents along.

I look forward to speaking to you on Monday. (Reminder: the call-in number
is 888-622-5357 and the participant code is 550894.)

Best regards,

Jeff

<<SEC Doc Draft 1114.doc<<

- SEC Doc Draft 1114.doc