RE: Call with our Muni desk - II]

Paul,

Back to our discussion yesterday, can you do a call with our muni desk next week Monday or Wednesday? Monday before 2pm works or Wednesday anytime except 10am.

I mentioned you are getting 90bps on your deposits and they say they have better solutions.

Martin

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Please don't have this call. Deposits are strategically important to us. Jeffrey also has a specific tax set up that makes munis less attractive. We should have discussed this first.

Stewart Oldfield, CFA, CAIA
Director

Deutsche Bank Trust Company Americas
Deutsche Bank Wealth Management
345 Park Avenue, New York, NY 10154
Tel: 212 454.2881
Mobile: 917 209-0686 blackberry
Email:

Securities offered through Deutsche Bank Securities Inc.

I apologize Stewart, didn't realize this. I will unwind this. Let's talk when you're back.

You around today?