If there was a decision that would allow us to continue with the bookings we would recognize those that we did not recognize in February at the time we reached an agreement with the Florida Attorney General.

Micky Arison : What is in question is only those bookings that were on our books prior to November 6. There is now no question about all the bookings after November 7.

So the $40 million refers to the bookings that were on our books prior to November 6 and we will either be able to take that into income or not; we are taking the conservative approach at this point and not until there is a final determination from our discussions with the Attorney General's office.

Edward Stanford (Cazenove); On the signs of weakness in some of the European brands, is that more present in volume of bookings or is it in onboard spend?

Micky Arison: Europe is performing beautifully but again we are really impacted by everything we read. The booking pattern in Europe has been extremely strong when you consider the amount of capacity that’s been added this year.

Steve Wieczynski (Stifel Nicolaus): Comment on the onboard spending and some of the weakness there, is it across the board in terms of all categories, or do you have the data to see that it is more of the high end items?

Micky Arison: It is across the board. We have seen more deterioration in items such as art auctions, and less with shore excursion, but we are talking percentage points. It is just 1%, very small movements in all of these things.

Steve Searl (Conning Asset Management): Are you assuming that these convertible bonds that are puttable this year are going to be put back to you?

David Bernstein: We have been prepared if they are put. We actually have two of them that are puttable to us in April.

We signed up a $1.5 billion revolver so that if they are put we have the available liquidity to pay the put, and so we are ready. But the assumption or actually the put right is in the hands of the holders and we will leave it up to them.

Timothy Conder (Wachovia): What is your anticipated fuel usage?

Beth Roberts: The fuel usage was 3.260 million metric ton for the year.