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Called (redacted) 6/17/98 and informed him of our comments noted on this letter. RS concurs. PS

Called writer to confirm no filing is required. 6/16/98

6/12/98 - Writer confirmed that LLC formation referred to at top of pg. 1 was not reportable under present PMN interpretation dealing with LLC formation. Since A controlled LLC, it is deemed to hold...

Called Writer on June 12, 1998.

6/5/98 Left phone mail message for writer that this transaction does not raise an HSR reportable. There is no acquisition price for the total assets of the LLC (since only the50% of the LLC...

6/5/98 - Writer explained that junior mortgages are mortgage loans given on equity built up by owner in commercial or residential property. Also agreed that first full sentence on top of page 2 should...