Monday, May 21, 2007 4:30 PM

Sent: Monday, May 21, 2007 4:30 PM • 'L.. III I...Arlie% Subject: Leap Year Tracking: Recipient Read Hi all — I know Alex just got back, so I don't expect a signed indictment. I have time set aside with the grand jury tomorrow, and I am wondering if you have a sense of the direction where we are headed — i.e., approval of an indictment something like the current draft, a complaint to allow for pre-indictment negotiations, an indictment drastically different from the current draft? I am concerned about confusing the grand jury, which is never a good thing. Any guidance? Thank you. EXHIBIT 54 EFTA00224244