as [.3] Successor Indenture Trustee. RONALD J. MANN, Columbia Law School, New York, NY, for Amici Curiae Loan Syndications and Trading Association, the Managed Funds Association, and the Securities Industry and Financial Markets Association. JUDGES: Before: CABRANES, POOLER, and PARKER, Circuit Judges. OPINION BY: BARRINGT

TA00259790 MONEY MANAGERS MOVilfr TO U.S. VIRGIN ISLANDS • Page 3 of 4 And the tax breaks are substantial. The article by the two accountants in the Managed Funds Association newsletter gives the example of the owner of a business that generated $1 million in profit in 2002. "Your U.S. tax liability would normally be $38