Draft Trading Memo

Brent: attached is a draft memo that Lynn and I prepared. We would
appreciate your comments. Also, who else do you think should be a recipient
of this memo? Should we prepare a separate "Action Plan" or strategy to
submit to Mike? You may recall in our meeting of Friday last that Mike
committed to assess the long term situation in BA (at least I think that's
what he agreed to do) and we (foolishly) committed to prepare a review of our
activity in BA. Maybe we can discuss on Friday morning at 9 am (Houston)/12
pm (BA). Let us know if you have any questions. I believe that Lynn is in a
seminar on Thursday. Sara