<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>List,
<BR>
<BR>Just a rumor so don't hold me to it. I heard that Yamaha may be making some
<BR>moves to take over Baldwin. It wouldn't be a bad solution at all.
<BR>
<BR>Bill Bremmer RPT
<BR>Madison, Wisconsin</FONT></HTML>