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To: Tom DuBois who wrote (21483)	5/5/1998 6:42:00 PM
From: marc chatman	Respond to of 95453

CNBC just reported that Loews Corp. announced huge trading losses for the quarter, which, I believe, offset all or almost all of their earnings from operations. And CNBC said there are more losses this Q. Seems as though LTR has been shorting heavily. It isn't clear what impact this will have on Loews. Keep an eye on DO, which is held 50.3% by Loews. I believe there were previously some posts (maybe a couple months ago) expressing concern that Loews would somehow try take advantage of DO's cashflow. I'm assuming the only way they could try to do this would be to declare a dividend increase or a special dividend. No way they could get away with that now. Am I missing something? I am not implying that Loews is in financial trouble. I don't follow the company at all.