Chessman.....I am more confident than ever on all cap trusts. I feel in the past several weeks we have seen many things that point towards a very probable/ favorable recovery for CTs. I would suggest reading some recent posts on the LEHNQ board. Many exciting developments lately. There is still of course risk involved here...but that can be said for all stocks in general these days. If you are going to take a risk, there is no better place than Lehman cap trusts IMHO. P.S. I do not think cap trusts will be grouped in with preferred and common shares in the reorg.