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To: Paul K who wrote (1679)	12/30/1998 6:00:00 PM
From: Bill Shepherd	Respond to of 5810

RE: It would indeed be tough to prove FedEx stock is 'substantially equivalent' to UPS; FYI: UPS stock can only be purchased by employees and is not available on the open market. It used to be only management could buy stock, recently they made it available to other employees...some say as management's way to discourage union members from trashing the company. Thanks, Paul for the correction. I thought that sounded funny when I typed it. BTW, I would suggest that UPS go public...with a ".com" name. Could make some employees awfully rich!!! <grin> Bill S