Tobacco Documents Online

- - THE TOBACCO INSrl~~.~ UTE 18751S'I'REET. NORTHWEST BI1.L HECHT W'hS]!iCVGTON. DG'20006' Vice President 202/457-tB00 * 800/424-8876' 202i.437484'9, Novembe r Z' 6, 19801 01 Mr. Preston Robert Tisch President &;Chief'Operating Officer Loews Corporation 666, Fifth Avenue New York, New York 10019 Dear Boti : The enclosed information explains the Inaugural Guaranty Fund as well as the legal! opinions. Bill Middendorf'asked me to serve on the executive com- mittee of the Finance Committee the other day and my first responsibility was to touchibase with our companies. I believe that this type of loan (with virtually no-risk involved) affords our industry an excellent opportunityto, express~ our support of' the new, administration and g~etin on the ground'floor.. I attended my first meeting yesterday and most of the oil companies, airlines, chemical companies, savings & ' loan groups, blanks, etc. had already responded with over 2 million in loans. Participation in this programiassures your company preferential treatment with tickets, invitations,,etc. I would like to talk to you about this as soon as possible. Jack Mill-s and I' have discussed the matter rather thoroughliy--and he gave me the green Iight to contact you. Sincerely, William H. Hecht pp ~ Enclosures mC~ ~- ' O . O