Dear Grant Partners:

We thought about holding a call in February, but I couldn’t visualize how to make the conference call format effective, so I’m trying a letter this month.  If any of you have questions or would like a direct update via phone, drop me a line and we’ll set something up.

Going to keep things simple this month.  Its easiest for me if we are always working from a simple common story.  I have two requests of you: