FAX NO: NO OF RAGES: eaducire wnwael REFERENCE: P.O. BOX a05543118 GRAND CAYMAN cAyMAti !SLAMS BRMSH WEST NOES Tee FAX: January 27, 2006 Hovrard Feitelberg Mr. Hany Beller J. Epstein & Company Inc. 1 212 750 2408 HIGHBRIDGE CAPITAL CORPORATIO Redemption Acknowledge nest - CLASS A- SERIES R Fleas m