[denaliweekly]Denali Asset Management, LLLP Weekly Est. ROR -7.69% MTD

Megan Arias megan@denalifunds.com
Mon, 27 Oct 2003 13:42:15 -0600


This is a multi-part message in MIME format.

------=_NextPart_000_002E_01C39C90.220FA460
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: 8bit

Dear Interested Investors:

As of the close of business on Friday, October 24, 2003, we estimate that
Denali Partners, LP and Denali Offshore Partners, Ltd. are down –7.69% MTD.

Please contact me with any questions.



Best regards,



Megan Arias
Operations Manager & Customer Support
Denali Asset Management, LLLP
(340) 778-7744 p
(340) 778-7748 f
megan@denalifunds.com


------=_NextPart_000_002E_01C39C90.220FA460
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<html xmlns:o=3D"urn:schemas-microsoft-com:office:office" =
xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
xmlns=3D"http://www.w3.org/TR/REC-html40">

<head>
<meta http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<meta name=3DProgId content=3DWord.Document>
<meta name=3DGenerator content=3D"Microsoft Word 9">
<meta name=3DOriginator content=3D"Microsoft Word 9">
<link rel=3DFile-List href=3D"cid:filelist.xml@01C39C90.02B42550">
<!--[if gte mso 9]><xml>
 <o:OfficeDocumentSettings>
  <o:DoNotRelyOnCSS/>
 </o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
 <w:WordDocument>
  <w:View>Normal</w:View>
  <w:Zoom>0</w:Zoom>
  <w:DocumentKind>DocumentEmail</w:DocumentKind>
  <w:EnvelopeVis/>
 </w:WordDocument>
</xml><![endif]-->
<style>
<!--
 /* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
	{mso-style-parent:"";
	margin:0in;
	margin-bottom:.0001pt;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:Arial;
	mso-fareast-font-family:"Times New Roman";
	mso-bidi-font-family:"Times New Roman";}
a:link, span.MsoHyperlink
	{color:blue;
	text-decoration:underline;
	text-underline:single;}
a:visited, span.MsoHyperlinkFollowed
	{color:purple;
	text-decoration:underline;
	text-underline:single;}
p.MsoAutoSig, li.MsoAutoSig, div.MsoAutoSig
	{margin:0in;
	margin-bottom:.0001pt;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:Arial;
	mso-fareast-font-family:"Times New Roman";
	mso-bidi-font-family:"Times New Roman";}
span.EmailStyle15
	{mso-style-type:personal-compose;
	mso-ansi-font-size:10.0pt;
	mso-ascii-font-family:Arial;
	mso-hansi-font-family:Arial;
	mso-bidi-font-family:Arial;
	color:black;}
@page Section1
	{size:8.5in 11.0in;
	margin:1.0in 1.25in 1.0in 1.25in;
	mso-header-margin:.5in;
	mso-footer-margin:.5in;
	mso-paper-source:0;}
div.Section1
	{page:Section1;}
-->
</style>
</head>

<body lang=3DEN-US link=3Dblue vlink=3Dpurple =
style=3D'tab-interval:.5in'>

<div class=3DSection1>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Dear
Interested Investors:<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>As of the
close of business on Friday, October 24, 2003, we estimate that Denali
Partners, LP and Denali Offshore Partners, Ltd. are down &#8211;7.69% =
MTD.<span
style=3D"mso-spacerun: yes">&nbsp; =
</span><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Please
contact me with any questions.<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Best
regards,<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Megan =
Arias<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Operations
Manager &amp; Customer Support<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>Denali
Asset Management, LLLP<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>(340)
778-7744 p<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>(340)
778-7748 f<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'>megan@denalifunds.co=
m<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle15><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:11.0pt'><![if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

</div>

</body>

</html>

------=_NextPart_000_002E_01C39C90.220FA460--