POWER OF ATTORNEY



The undersigned hereby constitutes and appoints each of Scott A. Arenare, Timothy J. Curt, and Ruben S. Leibowitz signing singly, his/her true and lawful attorney-in-fact to:



(1)  Execute for and on behalf of the undersigned Forms 3, 4 and 5, together

     with any amendments thereto, in accordance with Section 16(a) of the

     Securities Exchange Act of 1934, as amended and the rules thereunder;



(2)  Do and perform any and all acts for and on behalf of the undersigned

     which may be necessary of desirable to complete the execution of any

     such Form 3, 4 or 5 and the timely filing of such form with the United

     States Securities and Exchange Commission and any other authority; and



(3)  Take any action of any type whatsoever in connection with the foregoing

     which, in the opinion of such attorney-in-fact, may be of benefit to, in

     the best interest of, or legally required by, the undersigned, it being

     understood that the documents executed by such attorney-in-fact on behalf

     of the undersigned pursuant to this Power of Attorney shall be in such

     form and shall contain such terms and conditions as such attorney-in-fact

     may approve in his discretion.



The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform all and every act and thing whatsoever requisite,

necessary and proper to be done in the exercise of any of the rights and powers herein granted, with full power of substitution or revocation,

hereby ratifying and confirming all that such attorney-in-fact, or his

substitute or substitutes, shall lawfully do or cause to be done by virtue

of this power of attorney and the rights and powers herein granted.  The

undersigned acknowledges that the foregoing attorneys-in-fact, in serving in

such capacity at the request of the undersigned, is not assuming any of the

undersigned's responsibilities to comply with Section 16 of the Securities

Exchange Act of 1934, as amended.



This power of attorney shall continue in full force and effect until

revoked in writing by the undersigned or his/her attorney-in-fact.



In witness whereof, the undersigned has caused this Power of Attorney to be

executed as of this 1st day of January 2003.



                                 Signature:  /s/ Howard H. Newman

                                            ----------------------------

                                             Print Name: Howard H. Newman