california

Guys, good job with the California issues - we didn't get everything but we
managed the position in a very effective manner.

Jim, given our view to support the growth of the ISO structures as a
necessary evil and given the socio-political leaning of these entities,
should we be more actively or aggressively supporting or nominating directors
on these boards?

Jim/Rick, we need a full court press on this NEPool ICAP issue - Allegretti
is putting plan in place.

Regards
Delainey