Received an email today stating that there is a tentative settlement with the IRS on the UPS/OPL case. Without disclosing any non-public information, I'll pass along these excerpts: "UPS has a tentative basis for resolving all of the open years for all of the issues which pertains to UPS, OPL and their shareholders." It is tentative because "there are a lot of items that need to be finalized for a "decision document" and a "closing agreement" to be signed. And until those documents are signed there could be a reversal of the process." Still a large number of unknowns: a) Don't know how much money we will be I getting back. b) Don't know how much we will show as income on the book. c) Don't know if there will be a special dividend. One question can be answered now - "OPL will definetely get no money (OPL never paid any money to the IRS), and therefore the shareholders of OPL will not receive any dividend from a refund by the IRS." "As for how much money is UPS getting back, we will not know for a while because the IRS will not refund any money until all of the issues for a taxable year have been resolved. So, for example, for 1985 there will be no refund until the aircraft expense vs. capitalization issue is resolved, and so on for the other years. We believe that we shuld be able to finalize the "settlement decision" (needed for 1984-1990 the years in fron of the court) and the "closing agreement" (for 1991-1999) by the end of the year. We are also working at trying to resolve all of the other issues that we have open for 1985-1999. But we know it is going to take a lot longer to resolve some of those issues."