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To: Dale Baker who wrote (30461)	7/8/2002 6:52:49 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Fascinating - Buffet is buying into LVLT debt.... 06:40 ET LVLT Level 3 sells debt to investors including Buffett's Berkshire (2.89) Enters an agreement to sell $500 mln of its 9% junior convertible subordinated notes to three institutions: Longleaf Partners Funds ($300 mln), Berkshire Hathaway ($100 mln), and Legg Mason ($100 mln). Level 3 plans to use the funds for general corporate purposes, including potential acquisitions relating to industry consolidation opportunities.