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To: H James Morris who wrote (141030)	3/28/2002 6:45:42 PM
From: Glenn D. Rudolph	Respond to of 164685

"Have you ever heard of Reeds Jewelers? The only reason I ask is because I own a few shares in technology driven Alliance data services (ADS)." You mentioned one I know. There is a Reeds in the Regional Shopping Mall close to my Erie store. They are a "guild" type store carrying the Rolex line, high end diamonds, etc. They were carrying there own paper but last year was not extrememly profitable for them. I suspect they want Alliance to help them free up some working capital. I see nothing wrong with the firm Reeds.