I'm starting to feel like the market could be bottoming out. I'm sure we're in
for a period of low or lower oil prices, a lot of the unrealistically priced
companies have been taken down a few notches, and interest rates haven't risen
as much as I feared. The only concern I have is that I'm not sure what is
actually going to kick start things. If not we might just muddle through as we
have been.

At 8:41 AM -0400 4/14/03, Lanny L. Vrooman wrote:
> Attached are the Valuation and Members Status reports along with the March
Waterhouse statement. Please look them over and let me know if you see any
problems.
>
>Lanny
>
>Attachment converted: Titan HD:03val.htm (TEXT/MSIE) (001CE84E)
>Attachment converted: Titan HD:03mem.htm (TEXT/MSIE) (001CE84F)
>Attachment converted: Titan HD:03-31-03.htm (TEXT/MSIE) (001CE850)