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To: margaret tasset who wrote (15936)	1/12/1998 5:28:00 AM
From: Frank Ellis Morris	Read Replies (1) \| Respond to of 27012

Good Morning Margaret, Yesterday, I met with my accountant to sign the necessary papers for starting Destiny Records Inc. Hopefully I will be able to make the announcement shortly regarding the launch of my album, "Destiny" Margaret, I just wrote to Sonny and informed him that the Hong Kong market suffered an 8% collaspase overnight. The panic and fear from this event will most likely bring havoc around the world today especially here at home.I do not believe in making jugemements in the face of uncertainty and fear of this magnitude but there has been a significant shift in psychology and confidence investing. The only positive thing we can hope for is decent quarterly earnings from some key components this week. However many corporations in light of what is going on may scale back in their future orders at least in the short term. I know that you and the whole world will be watching the drama as it unfolds today. Take care and have a nice Monday Warm Regards