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?'iJle ? end N~^i,':~.I'. ir.,l ?'.o .rd 7.'3 C . tto-~n-.ail. °.ui.l c ink 1'3].3 3hcrsln Strcec I'.-nver, CO `0203 I~c2r ,Ir. Car:~bcl1 'i'!]is letter is in re:~•~on:~e to our nL•one con~ers:ctinn calc::2ni.nK r;;~ osar:•,i~,ilt in pr,yrr,:~t oL :,,aiiu~l fc:~ for Coti:cr C:r;~(,or.;lti<Jn i';eS::Gril .?.lgtiC 11181CCd-LLT.ii.2G: IDii~::a. P1r5t-., tile? I:U1701J7.11~ ff~J 1tCS 4rN en:drll" i,Ot1CC ..^.i '-itR~.O1_?ry ~ ':al-~ t1pn: P;J.e i Alittc Porti-L 9'v~l(: ;`_~,ni~;. Date 77-',OS C-'1'-21- 17:? 3-3L i-307 C-L.1 ~ % ~ 111.) 4- 'i0 %%-~08 C-JD--? r~",(. ,a;Lnd ~.t0 5-:31. 77-°(i9 1 ~•Cty Jcnes 7d.0 6 .'-9 77-31i~ C-,TD-S Lll) 7 ~31 77-317 i;-SI2-1~f1 11.0 4-31 77-?06 L-JD-9 1]L 9-30 ;S-Llu C-~ :-7-8 l12 it: 37 79-'?u C-Jll-7 Yi-i. L12 1.;--1!, lIi la::_pi P.~ 4q.th I:i ", lJ rCVi AiUP.i U.~ iU1.E'. 7..~, AS PCt(1d tjn(f7~ 7J0 1~~t~) 3. ~' li"1 ?vi^-F :nil i:~.llll :+i.1 G?1S Ot t}~.:' :':J~t12'^:'O 1'.!'. I:_(} r_'y :7 10001; ;'9C1. 111 G:aru, the iiaa.Usi ,imp+;tcL ~en.~~.C ~i.7.0) 1.;':es i1J. not ;-i1t~ L;lc c 7Ttl><~]. 11C1L 1CC' Dr frJ~':i 131t] 1 1 t .:n~781 o I~ OltT' 'hAtl.i'C'"I";37~j CC;; S;JL i~'1l i~O L~iCr:S. 1 bB~ 1CV@, TFH. ~ duC i~U Rlj nVPI:S`•;il.t, (..(:;t i:Cr CUr;01 utl(?Il has rc,.ittcd the feet ioi .he C-C'°I-25, C-SR-13:1, (illCl C-JD-% ttnelur- r oLmd t.tlncs tehile truicr this; I:eticc~, T1l~re.fot,~ ;is ke rli-scussed, ebttor Coxroration is n^gcestino li~at tf:~se ovcrp,.;~ crtts i)C ref_clc'ed, :pith a7.1 (lce prco:_cs, from the :~I:ate freasut~j. 'i71c o~,crpajm,nt- is 711 i.'lC LTrOlilt Oi' cn t? htuldred jJai-j t'p J.137::i~ f'}lYl'_E 1:1f1-~-C~017.~Y ~?$VECuiliS ~cetc r.::e u-!necessurily. It is ;^~ tindc:; sl:anclil)s; that the rc~n-Ll. ~r p^npit_ (17.2) I'li nCS u:USt cent:alue to ~:eporl-. and Pi Le ~nnu?1 c~c~s re~nrc7le:JS ol: ti,cir pro- c:oction status, llh (1~a 21t oP the xc~].t_s ct-lu re~,lations.