Kate: A few points about the last draft of the Agreement:  (1)  Par.
1(a):  the transfer and assumption is effective as of March 16,  2001 and not as of the Collateral Return  (2)  Par.
1(d):  the parties have already agreed to use one set of  spreadsheets  (3)  Par.
3:  the ML&Co.
guaranties are not being released because there are  existing deals in place.
The guaranties will only be released as to the  transferred Transactions  (4)  Par.
6:  conform language to side letters

Transfer and Assumption Agreement ("Agreement")
Kate: A few points about the last draft of the Agreement: (<NUMBER>) Par.
<NUMBER>(a): the transfer and assumption is effective as of March <NUMBER>, <NUMBER> and not as of the Collateral Return (<NUMBER>) Par.
<NUMBER>(d): the parties have already agreed to use one set of spreadsheets (<NUMBER>) Par.
<NUMBER>: the ML&Co.
guaranties are not being released because there are existing deals in place.
The guaranties will only be released as to the transferred Transactions (<NUMBER>) Par.
<NUMBER>: conform language to side letters
existing deals agreed guaranties released transferred ml use set assumption effective march conform kate points draft return spreadsheets number par