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To: marginmike who wrote (22919)	11/28/2001 3:10:22 PM
From: Sully-	Respond to of 209892

* 15:05 ET Citigroup (C) 48.00 -2.55 (-5%): USB Piper Jaffray estimates that Enron represents approx. $500 mln exposure to Citigroup and $300 mln to JP Morgan Chase (JPM -6%). Firm believes the facilities are well-collaterized. Currently anticipating nonperforming assets increasing by $440 mln at C during Q4 and $300 mln at JPM reflecting an Enron bankruptcy. Complete charge-off situation would imply a $0.06 hit to C earnings and $0.07 to JPM in Q4.

To: marginmike who wrote (22919)	11/28/2001 3:13:43 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Your analysis is spot on...the system resembles those pretty Guiness Book of World Records domino chains more than anything else, and guess what, some kids (30 year old Harvard MBA former CFO) are millin' around the design... Sorry about your losses...bummer