Mr. Alan Stewart:

I will be paraphrasing the e-mail. Tom Rice began by thanking us for dialling in. I had sat in on the call because Aideen O'Reilly was unavailable that day so that is why I sat in her place. He raised an issue concerning PIMCO's fee arrangement and mentioned that the proposal had been made to PIMCO by Brown Rudnick as external legal counsel. He explained that the Project-----