Hi all,

I just want to let you all know that for the first time in a number of years the Leagues regular cash flow was able to make the pension payment recently due, which was in the range of $450,000.

There were a variety of factors that contributed to this feat---significant increase in Handbook sales late last year, cash from Contributions,etc.

Also, the regular cash flow was able to cover a small overdraft that I incurred in the investment cash account to the tune of $10,000. They made me (the investment cash account) a loan , but they have forgiven it (and me) so I don't have to pay it back.

As far as I know HQ's has not had to remove any cash from the investment accounts this year.

Hope all of you are well and look forward to seeing you guys (and ladies) in Dayton.

73, Jim W1LLU