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To: Bill F. who wrote (41437)	5/17/1999 9:48:00 PM
From: Ken98	Read Replies (3) \| Respond to of 86076

Bill, why would the Fed do 6 coupon passes by my count in the last week alone if, according to conventional wisdom, they are going to adopt a tightening bias tomorrow? Or are they going to do nothing? It does seem they are going to great lengths to stem the tide. Also, any thoughts on CDE acquisition of Asarco's minority interest in Pan American? I understand if you can not talk a great deal about it, but to the extent you can I would like to hear your thoughts. Regards, Ken.