Re:

I suggest you often pick up the phone and ask leon dirrectly , I am also always available to you. . accepting " this is what leon wanted ," Im afraid ,will lead you astray, .

for ex , no regan arts projections at least that I have seen.? cant be, cant happen.

401 k, regan arts. miriam, ralph lerner. foundation. musuem, boat. all the same

I shld call u a little later and get the specifics. Not familiar with a number of the issues.

Got no answer at the #. Is there a better one to call. I'm at 1212 535 0186 or 1917 803 0400.

I want to forward to u the form of cover note that I would generally be sending to trustees before investment decisions are made. Do u want to see just the form of cover note and/or the back-up (associated with the small venture capital investment in OWL). I would vote for u seeing more rather than less to get the flavor of what "package" would look like. B