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To: ild who wrote (155634)	3/13/2002 11:01:56 AM
From: reaper	Read Replies (1) \| Respond to of 436258

omigod, is ANN actually DOWN today? <ng> finance.yahoo.com Cheers

To: ild who wrote (155634)	3/13/2002 1:51:20 PM
From: Alias Shrugged	Respond to of 436258

ild Yes, it looks like most of the asset gains might be gone. I will try to project where their pension income is heading over the next few years. One item is definitely going away; they have been amortizing a transition asset since adopting FAS 87 in 1987. 2002 and 2003 will be the last years for this item and I think it was a $140 million line item. It can be seen in their disclosure in the annual report. Finally, regardless of what happens with their "pension expense," expense has nothing to do with the cash contributioins to the Plan. Funding and expensing for a pension plan run on two separate tracks. Mike