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To: SliderOnTheBlack who wrote (49958)	8/27/1999 6:35:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 95453

I have been steadily adding to my long XTO position, through the DRIP program. XTO has a good DRIP, with no buy-side fees or commissions, and only a modest sales commission. I like the ability to average my purchases over time, commission free. I also just wrote (sold) three naked Feb. $12-1/2 puts for $2-1/16, which is above the Black-Scholes model valuation. If the stock is below $12-1/2 at Feb. expiration, I'd be surprised but willing to buy XTO at $12-1/2 (effectively $10-1/2 after factoring in options premiums). Otherwise, the puts will expire and I'll pocket the options premium.