5 - (JFB) This was articulated two or three years ago and is now being implemented. Noted that the AEG sale was based on whether or not the investment served our purpose. In response to how is this approach working: Burlingame said there is no concept made possible by the Cameo and Philacor mergers and that this provides the conceptual framework to evaluate local pressures (for participation, etc). In response to "why so long in developing," Burlingame said there previously had not been a need but that now any business that has nothing to offer locally, can only expect nationalization; whereas a business that is based on a dynamic technology has a basis for continued participation. Kraar noted his impression of new approaches re trading companies in Poland, new Middle East division, deals in Eastern Europe. JFB noted that we're obviously interested in maximizing international activities. Recognized that trade is two-way, therefore making attempt via sources of materials that the company needs in countries with export potential. Noted that rapid growth, complex and sheer size of territory had creation of the Middle East division