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[Schott, Wayne]

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http://www.piperjaffray.com

Nondeposit investment products are not insured by the FDIC, are
not deposits or other obligations of or guaranteed by U.S. Bank
National Association or its affiliates, and involve investment
risks, including possible loss of the principal amount invested.

Past performance does not guarantee future results. We consider
our sources reliable. Accuracy and completeness are not guaranteed.
Information is subject to change. Transactional details should not
be relied on for tax purposes and do not supersede normal trade
confirmations or statements.  Messaging outside U.S. jurisdictions
from U.S. Bancorp Piper Jaffray to non-institutional parties is not 
intended for solicitation purposes.   

Electronic mail sent through the Internet is not secure.  We will
not accept time-sensitive, action-oriented messages, transaction
orders, fund transfer instructions or check stop payments
electronically.

If you are not the intended recipient, notify the Sender. This
information is intended only for the person named above and for
the purposes indicated.  Do not distribute this message without
written consent of the author. Non-business opinions may not
reflect opinions of U.S. Bancorp Piper Jaffray and its affiliates. 

U.S. Bancorp Piper Jaffray and its affiliates reserve the right to
monitor all e-mail.

Securities products and services are offered through 
U.S. Bancorp Piper Jaffray Inc., member SIPC and NYSE, Inc., 
a subsidiary of U.S. Bancorp.
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