William Kalish
11704 Phoenix Circle
Tampa, Florida 33618

March 11, 1982

Mr. Carl Marcus
Marcus and Company
9460 Wilshire Boulevard
Beverly Hills, CA 90212

Dear Carl:

    I just wanted to drop you a note of thanks for your prompt handing of my wife's birthday present.  Needless to say, Patty is thrilled with the diamond pendant and all her friends are jealous.  I also wanted to thank you for your trust in me.  After all, your only knowledge of me and my only knowledge of you has been via the telephone. I am grateful that we have been able to build a strong and mutual relationship of trust.

     Wishing you all the best, I remain

                                     sincerely
                                  
                                     William Kalish

WK/rs