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in 1999 after originally becoming a partner in 1972. In 1996, he became a Managing Director at Salomon Brothers where he served as Global Head of Internal Audit. Following the merger of Salomon Brothers into Travelers Group Inc., he continued as Managing Director and as a senior member of the General Counse
ncurred by a partnership in which Millennium USA invests will be subject to the same limitations when allocated to a noncorporate Limited Partner. Application of Basis and "At Risk" Limitations on Deductions. The amount of any loss of Millennium USA that a Limited Partner is entitled to include in its income tax re
d in 1999 after originally becoming a partner in 1972. In 1996, he became a Managing Director at Salomon Brothers where he served as Global Head of Internal Audit. Following the merger of Salomon Brothers into Travelers Group Inc., he continued as Managing Director and as a senior member of the General Counse
s of Millennium USA, including investments in partnerships engaged in certain trades or businesses may constitute passive activity income or loss. Application of Basis and "At Risk" Limitations on Deductions. The amount of any loss of Millennium USA that a Limited Partner is entitled to include in its income tax re
d in 1999 after originally becoming a partner in 1972. In 1996, he became a Managing Director at Salomon Brothers where he served as Global Head of Internal Audit. Following the merger of Salomon Brothers into Travelers Group Inc., he continued as Managing Director and as a senior member of the General Counse
s of Millennium USA, including investments in partnerships engaged in certain trades or businesses may constitute passive activity income or loss. Application of Basis and "At Risk" Limitations on Deductions. The amount of any loss of Millennium USA that a Limited Partner is entitled to include in its income tax re
Entities connected to both Internal Audit and Application of Basis

Luxembourg
LOCATIONKeogh
ORGANIZATION
U.S. Treasury
ORGANIZATIONthe "Service
ORGANIZATIONAllocation of Profits and Losses
ORGANIZATIONCapital Structure
ORGANIZATIONReliance
ORGANIZATION
United Kingdom
LOCATION
New York
LOCATIONGovernmental Actions
ORGANIZATIONMillennium USA LP
ORGANIZATIONMillennium International, Ltd.
ORGANIZATION
New York State
LOCATIONSimon M. Lorne
PERSONthe Partnership Agreement of the Fund
ORGANIZATIONCiticorp Inc.
ORGANIZATIONa Master's in Information Systems
ORGANIZATIONthe U.S. Investment Advisers Act
ORGANIZATIONOptions and Special Allocations
ORGANIZATION
the University of Michigan
ORGANIZATION