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True Blue

10/02/06 5:35 PM

#968 RE: Fedex11 © #965

20,500,000 shrs BZCN X app. 2.00 shr = 41,000,000.00

current market cap AMRE app 3,987,561

outstanding: 250,790,000

Fair value: .163??--mrkt cap: 40,878,770.00

Give or take?????