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, 1904 ~ . . - 2 - thus it can be seen that almost continuously there would have been a full reservoir of water, 28,000 acre-feet, available for other purposes, so far as Frying Pan-Arkansas diversions are concerned. 3. Operation of the Frying Pan-Arkansas Project Would Not Interfere With The Water Supplies of Any Of The Following Projects If They Were In Existence and Operating: Cliffs-Divide Proiects. Potential Homestake and Eagle River Diversions. Potential Industrial Demands and Increas- ed Demands From Existing Ditches Near Aspen. If these demands for water had been in existence during the 1934-1954 period Aspen Reservoir would have been called upon to replace Frying Pan-Arkansas diversions in one year of the period and in the amount of 4,000 acre-feet. Replacement would be required in two other years in amounts not to exceed 1,000 acre-feet. This minor increase in replace- ment requirements is due to the fact that in the low water supply months the diversions from the Frying Pan-Arkansas would be drastically limited, if not entirely eliminated, by the fish flow requirements of the Operat- ing Agreement. 4. ~~eased Independence Pass Diversions Under Water Supply Require- ments in Paragraph 3 Would Require But Limited Replacement From Storage. The Frying Pan-Arkansas plan proposes an exchange of water for some of the Independence Pass diversions in order to augment the fish flows above the town of Aspen. If this exchange is effected the maximum replacement required for diversions would be 2,400 acre-feet and would occur in a year such as 1934. In the remaining twenty years of the per- iod the requirement would range between 0 and 2,000 acre-feet with an average of 700 acre-feet. If the fish water exchange with Independence Pass were not