THE WELCH COMPANY

440 Davis Court #1602

San Francisco, CA 94111-2496

415 781 5700






October 24, 1998                                                                     02 05 02 61 98102401



Mr. Ross H. Armstrong
Manager
U.S. Sales Development
IBM Credit Corporation
Remarketer Financing Center
P.O. Box 5157
5000 Executive Parkway #450
San Ramon, CA  94583

Subject:  S&C water pump repair estimate

References:





    
         
  1.  Telecon Ross/Rod Oct 22, 1998
      b. S&C invoice 303959 on Oct 22, 1998
         

 
 

Dear Ross,
 

Here is the

list of stuff S&C includes in its $1,300 estimate,
which may focus our review this morning.




Sincerely,


THE WELCH COMPANY






Rod Welch