Private Equity Fund ,
 John -

I want to confirm that you received the literature on the UBS PaineWebber
Private Equity Fund III and the Tamarack Fund.  The Private Equity III
literature refers to a December 17 closing date; however, we have extended
that closing, so you may still be able to participate.  Have you reviewed
the material, yet?

Thanks,
> Michael Gapinski
> Account Vice President
> UBS PaineWebber, Inc.
> Corporate Employee Financial Services
> 713-654-0365
> 800-553-3119 x365
> Fax: 713-427-7539
> Cell: 281-435-0295
michael.gapinski@ubspw.com
 <<Michael Gapinski (E-mail).vcf>>

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 - Michael Gapinski (E-mail).vcf
john.arnold@enron.com