November 30, 2007

Mr. Stephen G. Tipps Baker & Botts, L.L.P. Louisiana, One Shell Plaza Houston, TX 77002-4995 Mr. Lloyd E. Kelley Lloyd E. Kelley & Associates 2726 Bissonnet, Suite 240 PBM#12 Houston, TX 77005 RE: Case Number: 05-0587 Court of Appeals Number: 01-03-00925-CV Trial Court Number: 789357 Style: HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM v. CRAIG E. FERRELL, JR., ET AL.

Dear Counsel: Today the Supreme Court of Texas delivered the enclosed opinions and judgment in the above-referenced cause. (Justice Willett not sitting)

Sincerely, [pic]

Blake A. Hawthorne, Clerk

by Claudia Jenks, Chief Deputy Clerk Enclosures |cc:|Ms. Margie Thompson | | |Ms. Beverly Kaufman | | |Mr. Robert R. Burford| | | | | |Mr. David M. Gunn | | |Ms. Barbara E. | | |Rosenberg | | |Mr. Kristofer S. | | |Monson |