Update on Goldman Sachs International

Hi Theresa,

Here is our daily update since we are trying to move quickly on this:

I had a conference call with Sara Stowey in London. We actually had two
legal issues outstanding as of yesterday. One she agreed to. The last one
has to do with arbitration and she says that hopefully she will have an aswer
by Friday. If not, then on Friday, I could seek approval from our General
Counsel to deviate from our standard legal policy on the issue so that we
could move forward.

We have a borkerage account meeting today and I will forward to you a written
status report at that time. As I mentioned to Aneela this morning, most of
the agreements on her list have been executed.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693