Message-ID: <5757544.1075857607671.JavaMail.evans@thyme> Date: Wed, 4 Apr 2001 15:23:00 -0700 (PDT) From: john.arnold@enron.com To: michael.gapinski@ubspainewebber.com Subject: Re: Monday Conference Call Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: John Arnold X-To: "Gapinski, Michael" @ ENRON X-cc: X-bcc: X-Folder: \John_Arnold_Jun2001\Notes Folders\All documents X-Origin: Arnold-J X-FileName: Jarnold.nsf Mike: Two questions regarding fees: 1. What will you charge for placement fee on a 750,000-1,000,000 type investment into the hedge funds? 2. I understand your cost structure is a little higher than Fidelity. However, I was charged over $1,000 on my option trade for a transaction that Fidelity charges $147.50. Is there any justification? Please understand that my basis for developing an account with Paine Webber is dependent upon an agressive fee structure. I don't want to see my above-market returns compromised by high fees. Thanks, John