Vasant M. Prabhu

Yeah. On the question, on the debt, Bill. Yes. The 100 million to 200 million reduction was based on what our debt was at the end of this year. The accounting change, FAS 167 on page eight of our press release, we tell you sort of roughly what it is going to do to the balance sheet. We have about 400 million. That is added back to assets in the account receivable and other assets line. And we''ll have about $445 million that comes back on to the balance sheet on the liability side in short term and long-term debt. So the 100 million to 200 million I gave you was versus the old way of defining those lines.

Jason Koval

Next question, please.

Operator

Your next question comes from David Katz from Oppenheimer.

David Katz - Oppenheimer & Co.

Hi. Good morning, all.

Frits D. van Paasschen

Hey, David. Thanks.

David Katz - Oppenheimer & Co.

Just a quick question on time share. We try and sort of look outgoing forward modeling both the cash flow and the earnings for it. And if we were to have a sneak peek at your inventory and thinking about what not only this year but next year brings us, from an earnings and cash flow perspective, are there any comments that you can make that will help us think about 2011 with respect to what your timeshare business should generate?

Vasant M. Prabhu

Yeah. I think the simple answer to that without going into a lot of detail and giving you sort of what are the specifics, the current pace of sales can be sustained without any meaningful amounts of capital for about two or three years. In certain locations, we can sustain those locations beyond that also without significant amounts of capital but assume that this pace of sales is probably good for two or three years with about the level of capital we might be putting in next year.

Frits D. van Paasschen

I just reaffirm that. I think that we have, as we''ve been saying, we have a great team at vacation ownership and some terrific product. You can imagine given our inventory levels that we have something like three years worth to be able to sustain the current velocity now, depending on your own view of consumer confidence does that pick up a little bit and do we run through it more quickly I think remains an open question. Then just to reiterate Vasant''s other point, we would continue to maintain our capital expenditures at quite a low level.

Jason Koval

Next question, please.

Operator

Your next question comes from Bryan Maher from Collins Stewart.