2000 11 10 APPRECIATE "Steven Pouyat" EMAIL

From: Pouyat, Stephan [mailto:spouyat@federatedinv.com]
Sent: Friday, November 10, 2000 5:42 PM
To: Bart Christner
Subject: PayVest Style Guide Document
Dear Bart,
I happened to had a chance to read through your document and made some
comments to Mac and basically he also had the same remarks.
But let me first tell you that it is a very good piece of work and it should help us move faster toward our goal.
(we appreciated very much the clear methodical approach, step by steps, and the solution)
Thank you and have a nice week end.
Stephan Pouyat
Director, PayVest, Federated Investors