The bottom line is that we have a clean ordered opinion and that the accountants signed off on the numbers and we are working very hard to remediate as soon as possible, the material weakness.

Nigel Daly (Morgan Stanley): What is driving the significant pressure on the earnings?

Frederick W. Geissinger: We continue to have problems in our mortgage company. We have taken a number of actions to correct that and we will continue to do so. We also added about $70 million to our allowance for loan losses, the reason for that is that we came off historical lows for the company in summer of 2006.

Joshua Shanker (Citigroup): Is there any way to get any more granular about how that $347 million in premium is divided among various clients about now?

John Q. Doyle: That number of claims is a global number its our worldwide operations, $301 million of the $347 million in written premium is from our domestic operations.

We did an extensive ground up review in a domestic insurance operation to come up with the profile of the accounts that are potentially exposed in the footnote, it notes all the various class of that business that we took a look at.

Larry Greenberg (Langen McAlenney): What was the FX impact in the foreign life earnings?

Kristian P. Moor: For the quarter it was 3% and 2% year-to-date. It was a benefit on revenue, on operating income bottom-line.

Alain Karaoglan (Banc of America Securities): From an enterprise risk management point of view are you considering weather you should be in the AIG financial products business at all?

Martin J. Sullivan: AIGFP has been very important and continues to be a very important part of AIG. Its produced very good returns over many years and a very good return on capital.

Alain Karaoglan (Banc of America Securities): On the property casualty business could you comment on the adverse reserve development on the 2000 to 2002 year?

Frank H. Douglas: The development has been less adverse and than it was in prior years. It is coming largely from excess casualty to some degree form Transatlantic and to some degree from workers compensation those three areas.

We are seeing a lot of latent claims still emerge from our excess casualty books that are function of the soft market years. And we have improved our terms and conditions and underwriting guidelines to the point where are not going see that kind of latent development from the more recent accident years.