Bankruptcy Code revisions

Cynthia:

As you know, the Bankruptcy Code revisions never made it through the recent
Congress. I understand they bogged down in the final days over issues which
were essentially irrelevant to us in ECT. I'm not sure you are aware of the
importance to our trading business of certain of the other proposed
revisions. We anticipate that the revisions will be reintroduced in the next
Congress and are beginning to think about ways that we can influence the
outcome this time around. Are you the right person in your shop for us to
talk to about this? If you could let me know, I'd appreciate it.

Thanks,

Mark