Subject: Raptor Unwind Losses
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked]
Date: Fri, 19 Oct 2001 14:36:19 -0700 (PDT)

Michelle:   As we discussed, would you please record the following tax entry in TIS:

						Dr.			Cr.			

	Other income							$710,594,336

	Interest expense			  $36,001,000	

	Non-current deferred debit		$674,593,336

The above entry is temporary and will reverse non-current deferred tax liability.   The principal intent of this entry is to reverse deferred tax on the book losses attributable to the unwinding of Project Raptor.   Thank you, John.