Subject: File No. S7-38-04
From: Roger Elsas
Affiliation:

January 18, 2005

Very useful

This communication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell any securities or product. The information contained herein has been obtained from sources believed to be reliable but we do not guarantee accuracy or completeness. Oppenheimer & Co. Inc and its affiliated companies, their officers, directors and employees may have a position in or, make a market in any securities mentioned above and, may act as an investment banker or advisor to such companies. Client account information or transaction details do not supersede mailed confirmations or account statements which are the only official records containing this information. As a matter of policy, orders are not accepted via e-mail or voice mail and no responsibility shall accrue relating to any orders placed in this manner. If this communication has been received in error, please delete or destroy immediately.