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<DIV><FONT color=#000000>PHRF Sailors:</FONT></DIV>
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<DIV><FONT color=#000000>Once again, the PHRF rating book is late. The PHRF Fleet Executive Committee has decided to implement a new proceedure for ratings beginning this year. We will use the prior year's rating book (2008) to calculate our 2009 ratings.</FONT></DIV>
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<DIV><FONT color=#000000>Thanks and we will see you on the water.</FONT></DIV>
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<DIV><FONT color=#000000>Peter</FONT><BR> </DIV><FONT color=#000000>Peter Sussman<BR>(952) 215-5274</FONT>
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