Private Equity Fund

John -

I want to confirm that you received the literature on the UBS PaineWebber
Private Equity Fund III and the Tamarack Fund. The Private Equity III
literature refers to a December 17 closing date; however, we have extended
that closing, so you may still be able to participate. Have you reviewed
the material, yet?

Thanks,
< Michael Gapinski
< Account Vice President
< UBS PaineWebber, Inc.
< Corporate Employee Financial Services
< 713-654-0365
< 800-553-3119 x365
< Fax: 713-427-7539
< Cell: 281-435-0295
michael.gapinski@ubspw.com
<<Michael Gapinski (E-mail).vcf<<

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