Message-ID: <18953212.1075859802248.JavaMail.evans@thyme> Date: Mon, 30 Apr 2001 08:13:00 -0700 (PDT) From: henry.emery@ubspainewebber.com To: bill_martin@dell.com, brian_wood@dell.com, charles_parker@dell.com, cimler@austin.rr.com, daryl_robertson@dell.com, david_altounian@dell.com, dustin_leifheit@dell.com, frank_stabile@dell.com, george_huntington@dell.com, wenowitz@aol.com, gershonnowitz@msn.com, heather_simmons@dell.com, james_herron@dell.com, jerrell_herron@dell.com, jerry_gandre@dell.com, jim_dougherty@dell.com, joe_dauskurdas@dell.com, ken_m_smith@dell.com, larry_brown@dell.com, mark_pape@dell.com, melissaanderson@austin.rr.com, mike_lehrter@dell.com, mike_ryan@dell.com, neil_hand@dell.com, nicolas_taylor@dell.com, phil_hubble@dell.com, richard_norman@dell.com, richard_wells@dell.com, bob_ashenbrenner@dell.com, roger_harden@dell.com, tom_armstrong@dell.com, anthony_bonadero@dell.com, rolfers@austin.rr.com, alexander.kulpecz@enron.com, alex.kulpecz@enron.com, amartin@azurix.com, amainel@azurix.com, andrew.hoyle@enron.com, andy.hoyle@enron.com, andy_greenwalt@dell.com, beau@layfam.com, bglisan@enron.com, bernie.barcio@enron.net, c.john.thompson@enron.com, charles.cheek@enron.com, chester.ferguson@enron.com, dan@bercores.com, dana.gibbs@enron.com, daniel.castagnola@enron.com, dan.l.junk@enron.com, dan.mccarty@enron.com, jschwie1@enron.com, dcox@enron.com, david_berberian@enron.net, dchristo2@attglobal.net, dan.swanson@enron.com, eric.gadd@enron.com, ted_seitz@enron.net, frank.stabler@enron.com, gary.barbour@enron.com, gary_w_luce@reliantenergy.com, garywluce@aol.com, gene.e.humphrey@enron.com, gposey@enron.com, glenn.whittington@painewebber.com, greg_lowe@dell.com, greg.brazaitis@enron.com, hal_meyer@dell.com, hbuchana@enron.com, howard.karren@enron.com, jack.boatman@enron.com, debbie_lewis@mhhs.org, jbannan@ei.enron.com, james.c.alexander@enron.com, jdehlsen@aquantis.com, james.diffenderfer@enron.com, jschwie@enron.com, jducote@enron.com, jane.m.tholt@enron.com, jay@enron.com, jeff_foster@enron.net, jeff_strausser@eogresources.com, jeffrey_strausser@eogresources.com, jsherri@enron.com, jskilli@enron.com, joverdy@enron.com, jerry.peters@enron.com, joan.quick@enron.com, jechols@enron.com, jmintz@enron.com, joseph.feltz@enron.com, joe.kishkill@enron.com, jsuttonventures@myarc.com, jppeterson@ev1.net, ken_harrison@pgn.com, ken_rice@enron.net, kwroy@kingwoodcable.com, wade.cline@enron.com, kevin_hannon@enron.com, larry.deroin@enron.com, larry_ciscon@enron.net, gwhalle@enron.com, larryizzo1@aol.com, lcasari@enron.com, mark.e.haedicke@enron.com, mlindse@enron.com, nicki.daw@enron.com, mlay@enron.com, mark@epalmer.net, mark_s_palmer@enron.net, mjoyce@enron.com, mike_beaver@dell.com, mike_walden@eogresources.com, mwa8495@aol.com, patricio.puente@enron.com, pate_brendle@dell.com, paul_racicot@enron.net, paula.rieker@enron.com, pravin.jain@enron.com, rrogers@enron.com, rex_shelby@enron.net, rcausey@enron.com, rlammer@enron.com, rick.buy@enron.com, rick.cunningham@enron.com, richard.cunningham@enron.com, ndeales@aol.com, richard.shapiro@enron.com, jndw@aol.com, rwaddel@enron.com, r.kilmer@enron.com, robert.caldwell@enron.com, robert.crockett@enron.com, bob.butts@enron.com, rob.walls@enron.com, robert.hermann@enron.com, bob.kelly@enron.com, robert.kelly@enron.com, robert.cook@enron.com, robert.vote@enron.com, rodney.gray@petrocosm.com, roger_knouse@kindermorgan.com, ron_jiede@kindermorgan.com, ronald_jiede@kindermorgan.com, rosalee.fleming@enron.com, saad.merhej@enron.com, sally.keepers@enron.com, scott.affelt@enron.com, stanley_horton@enron.com, steve.elliot@enron.com, skean@enron.com, sj_0000@hotmail.com, stephen_lipari@eogresources.com, steve_lipari@eogresources.com, sue.foust@enron.com, susan.lewis@ubspainewebber.com, sue.m.wells@state.or.us, tamills@enron.com, terence.h.thorn@enron.com, terrence.karka@enron.com, terry_ferose@dell.com, tgros@enron.com, mail@briggsathome.com, twhite@enron.com, tbattaglia@enron.com, tlindho@enron.com, tshelto@enron.com, tom_martin@dell.com, thomas.suffield@alumni.utexas.com, wes.colwell@enron.com, bill.butler@enron.com, bill.collins@enron.com, william.collins@enron.com, bhorwitz@em-tech.org, william.rome@enron.com, sue.ford@enron.com, klay@enron.com, patrick.dowd@painewebber.com, rocky.emery@painewebber.com, toby.pullig@ubspainewebber.com Subject: Tactical Allocation Fund--1st Quarter 2001 Cc: julie.haviland@ubspainewebber.com, patrick.dowd@ubspainewebber.com, rocky.emery@ubspainewebber.com, vincent.weir@ubspainewebber.com, toby.pullig@ubspainewebber.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: julie.haviland@ubspainewebber.com, patrick.dowd@ubspainewebber.com, rocky.emery@ubspainewebber.com, vincent.weir@ubspainewebber.com, toby.pullig@ubspainewebber.com X-From: "Henry Emery" X-To: "Bill Martin (E-mail)" , "Brian Wood (E-mail)" , "Charlie Parker (E-mail)" , "Christopher Imler (E-mail)" , "Daryl Robertson (E-mail)" , "David Altounion (E-mail)" , "Dustin Leifheit (E-mail)" , "Frank Stabile (E-mail)" , "George Huntington (E-mail)" , "Gershon Nowitz (E-mail 2)" , "Gershon Nowitz (E-mail)" , "Heather Simmons (E-mail)" , "James Herron (E-mail)" , "Jerrell Herron (E-mail)" , "Jerry Gandre (E-mail)" , "Jim Dougherty (E-mail)" , "Joe Dauskurdas (E-mail)" , "Ken Smith (E-mail)" , "Lawrence Brown (E-mail)" , "Mark Pape (E-mail)" , "Melissa Anderson (E-mail)" , "Michael Lehrter (E-mail)" , "Mike & Ellen Ryan (E-mail)" , "Neil Hand (E-mail)" , "Nicolas Taylor (E-mail)" , "PHIL HUBBLE (E-mail)" , "Richard Norman (E-mail)" , "Richard Wells (E-mail)" , "Robert Ashenbrenner (E-mail)" , "Roger Harden (E-mail)" , "Tom Armstrong (E-mail)" , "Tony Bonadero (E-mail)" , "Ron Olfers (E-mail)" , "Alexander Kulpecz (E-mail 2)" , "Alexander Kulpecz (E-mail)" , "Amanda K Martin (E-mail)" , "Andrea L Mainelli (E-mail)" , "Andrew Hoyle (E-mail 2)" , "Andrew Hoyle (E-mail)" , "Andy Grrenwalt (E-mail)" , "Beau Herrold (E-mail)" , "Ben F Glisan Jr. (E-mail)" , "Bernard Barcio (E-mail)" , "C J Thompson (E-mail)" , "Charles A Cheek (E-mail)" , "Chester Ferguson (E-mail)" , "Dan Bishop (E-mail)" , "Dana R Gibbs (E-mail)" , "Daniel Castagnola (E-mail)" , "Daniel Junk (E-mail)" , "Danny McCarty (E-mail)" , "Dave & Joan Collins (E-mail)" , "Dave Cox (E-mail)" , "David Berberian Jr. (E-mail)" , "DIOMEDES CHRISTODOULOU (E-mail)" , "Elmer D Swanson (E-mail)" , "Eric Gadd (E-mail)" , "Eric T Seitz (E-mail)" , "Frank Stabler (E-mail)" , "GARY BARBOUR (E-mail)" , "Gary Luce (E-mail 2)" , "Gary Luce (E-mail)" , "Gene E Humphrey (E-mail)" , "George & Marilyn Posey (E-mail)" , "Glen Whitington (E-mail)" , "Greg Lowe (E-mail)" , "Gregory F Brazaitis (E-mail)" , "Hal Meyer (E-mail)" , "Harold & Jeri Buchanan (E-mail)" , "Howard Karren (E-mail)" , "Jack & Janet Boatman (E-mail)" , "James B Lewis (E-mail)" , "James Bannantine (E-mail)" , "James C Alexander (E-mail)" , "James Dehlsen (E-mail)" , "James Diffenderfer (E-mail)" , "James E Schwieger (E-mail)" , "James I Ducote (E-mail)" , "Jane Tholt (E-mail)" , "Jay Land Fitzgerald (E-mail)" , "Jeff Foster (E-mail)" , "Jeff Strausser (E-mail 2)" , "Jeff Strausser (E-mail)" , "Jeffrey B Sherrick (E-mail)" , "Jeffrey K Skilling (E-mail)" , "Jere Overdyke Jr. (E-mail)" , "Jerry L Peters (E-mail)" , "Joan Quick (E-mail)" , "John Echols (E-mail)" , "Jordan Mintz (E-mail)" , "Joseph E Feltz (E-mail)" , "Joseph G Kishkill (E-mail)" , "Joseph Sutton (E-mail)" , "JP Peterson (E-mail)" , "KEN HARRISON (E-mail)" , "Kenneth & Teresa Rice (E-mail)" , "Kenneth W Roy (E-mail)" , "Kenneth Wade Cline (E-mail)" , "Kevin P Hannon (E-mail)" , "Larry Deroin (E-mail)" , "Lawrence A Ciscon (E-mail)" , "Lawrence G Whalley (E-mail)" , "Lawrence Izzo (E-mail)" , "Louis J Casari (E-mail)" , "Mark E Haedicke (E-mail)" , "Mark E Lindsey (E-mail)" , "Mark Frevert (E-mail)" , "Mark K Lay (E-mail)" , "Mark S Palmer (E-mail 2)" , "Mark S Palmer (E-mail)" , "Mary K Joyce (E-mail)" , "Mike Beaver (E-mail)" , "Mike Walden (E-mail 2)" , "Mike Walden (E-mail)" , "Pat Puente (E-mail)" , "Pate Brendle (E-mail)" , "Paul A Racicot (E-mail)" , "Paula H Rieker (E-mail)" , "Pravin Jain (E-mail)" , "Rex R Rogers (E-mail)" , "Rex Shelby (E-mail)" , "Richard A Causey (E-mail)" , "Richard A Lammers (E-mail)" , "Richard B Buy (E-mail)" , "Richard Cunningham (E-mail 2)" , "Richard Cunningham (E-mail)" , "Richard Eales (E-mail)" , "Richard S Shapiro (E-mail)" , "Richard Westfahl (E-mail)" , "Rick Waddell (E-mail)" , "Rob Kilmer (E-mail)" , "Robert Caldwell (E-mail)" , "Robert Crockett (E-mail)" , "Robert H Butts (E-mail)" , "Robert H Walls (E-mail)" , "Robert Hermann (E-mail)" , "Robert Kelly (E-mail 2)" , "Robert Kelly (E-mail)" , "Robert Shannon Cook (E-mail)" , "Robert Vote (E-mail)" , "Rod Gray (E-mail)" , "Roger Knouse (E-mail)" , "Ron Jiede (E-mail 2)" , "Ron Jiede (E-mail)" , "Rosalee T Fleming (E-mail)" , "Saad J Merhej (E-mail)" , "Sally Keepers (E-mail)" , "Scott Affelt (E-mail)" , "Stan Horton (E-mail)" , "Steve Elliot (E-mail)" , "Steve Kean (E-mail)" , "Steven and Elizebeth Jacobs (E-mail)" , "Steven Lipari (E-mail 2)" , "Steven Lipari (E-mail)" , "Sue Foust (E-mail)" , "SUSAN LEWIS (E-mail)" , "Susan Wells (E-mail)" , "T. A. Mills (E-mail)" , "Terence Thorn (E-mail)" , "Terrence Karka (E-mail)" , "Terry Ferose (E-mail)" , "Thomas & Barbara Gros (E-mail)" , "Thomas Briggs (E-mail)" , "Thomas E White Jr. (E-mail)" , "Timothy Battaglia (E-mail)" , "Tod A Lindholm (E-mail)" , "Tom & Linda Shelton (E-mail)" , "Tom Martin (E-mail)" , "Tom Suffield (E-mail)" , "WES COLWELL (E-mail)" , "William Butler (E-mail)" , "William Collins (E-mail 2)" , "William Collins (E-mail)" , "William Horwitz (E-mail)" , "William Rome (E-mail)" , "Jeff MacMahon (E-mail)" , "Kenneth L Lay (E-mail)" , "Patrick Dowd (E-mail)" , "Rocky Emery (E-mail)" , "'Toby Pullig'" X-cc: "'Julie Haviland'" , "'Pat Dowd'" , "'Rocky Emery'" , "'Vince Wier'" , "'Toby Pullig'" X-bcc: X-Folder: \Mark_Haedicke_Jun2001\Notes Folders\All documents X-Origin: Haedicke-M X-FileName: mhaedic.nsf Attached is a 1Q 2001 Market Commentary from the PaineWebber Tactical Allocation Fund. Hank Emery Financial Advisor Emery Financial Group UBS PaineWebber Incorporated Houston, Texas 713-957-7060 Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees. - Market Commentary _1Q01.pdf