EFTA00643651.txt

"AP Narrows would be added as a Named Insured on Leon's policy with respect to the art that Leon and Narrows are contributing to the partnership"

"finally managed to convinced Travelers to take on the $150 million of primary coverage"

"Brad, Alan, Heather and I discussed this last May and agreed that the best approach... have the partners of AP Narrows agree contractually... Leon and"

"I will call Jeffrey Haber now and see how difficult he thinks it would be to obtain coverage for $275, but I expect that his response will be the same"

"Assignment and Assumption Agreement (assigning the Class B GP interest from Leon to the APO-B Trust)"

"APO-01 Trustees resolve to distribute to the APO-B Trust cash to enable it to buy the Class B GP interest from Leon"