http://two

“For their effort in promoting the Western Association of Equipment Lessors and the equipment leasing industry, ten members of WAEL were given the Order of the WAEL at the Spring Conference in San Diego.

“Public Relations Committee Chairman Larry Turner, Lease Systems, san Diego, CA, recognized the following individuals with a First Order of the WAEL. Each one either gave the WAEL Speakers Bureau presentation or wrote an article for at trade publication about equipment leasing.

“ George Davis, Fortune Financial, Bend, OR.

Joe DeNunzio, SCS Leasing, Buena Park, CA

Steven Gilyeart, Dempcy & Braley, P.S.,Seattle, WAT

Terry Isom, Amembal & Isom, Salt Lake City, UT

Randall Jaeger, General GMC, Phoenix, AZ

Lonnie Langdon, Orient-U.S. Leasing, Los Angeles, CA

Gregory Larson, First Security Leasing, Salt Lake City, UT

Anthony Lucarelli, Charter Equipment Leaisng, Beverly Hills, CA

Victor Morgan, Dorado Equities, San Antonio, TX

Ruth Paddock, Costa Mesa, CA.”

June, 1987, WAEL Newsline

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Classified---Attorneys---Specialize in Equipment Leasing Industry

California - statewide: CA "ELA"

5-attorney creditors rights law firm, in biz 25 yrs +, specialize all aspects of creditor representation. Primarily represent equipment lessors & funders, plus collection and creditor rep. in bankruptcy. Email:phemar@hemar.com

California - statewide: Encino, CA. "ELA"

24 Attorney AV-rated Law firm representing the Leasing Industry for over 25 Years. We specialize in Lease-enforcement, collection and representation in Bankruptcy Court. email:sjenkins@hemar-rousso.com

Los Angeles -statewide: CA "ELA "

Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com

NY Metro and National: Hackensack, NY

Attorney specializing in equipment lease matters for at least 10 years with a 50-State operating network of attorneys experienced in leasing matters. Email:wuscher@uqur.com "ELA"

National: http://www.leaselawyer.com/

Full staff of attorneys and legal assistants work with Group Leader Barry S. Marks to ensure prompt, cost-effective responses to client needs: Email:bsm@blik.com

Northern California - Statewide: CA "EAEL" "ELA" San Francisco expertise at San Rafael, CA prices; practice limited to equipment leasing and finance with 22 years experience, testimonials. Ken Greene, Esq. 415-721-7900 kgreene100@aol.com

[Headlines]

Cartoon---Bob Teichman Easter Business Training

http://two.leasingnews.org/cartoons/BUNNY.gif

[Headlines]

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### Press Release ########################################

Synovus Announces New Chief People Officer; Company Promotes Stephanie A. Alford

COLUMBUS, Ga.----Synovus (NYSE:SNV) has announced the naming of Stephanie A. Alford, Executive Vice President of Synovus, as the company's Chief People Officer.

"This is a great day for the Synovus family," said James H. Blanchard, Synovus Chairman and CEO. "Stephanie has always been committed to the growth and development of our team members and building our 'Culture of the Heart'. Her passion and dedication to this company is contagious, and we will benefit from her guidance as our new Chief People Officer."

Alford will continue to carry out her responsibilities as Executive Vice President for Synovus' Team Services division, which includes benefits, recruiting, employee relations, training and development, diversity, HR operations, team enhancements, corporate communications and facilities management.

As Chief People Officer, Alford follows Elizabeth R."Lee Lee" James, who became Synovus' first CPO in 1998. James will continue as Synovus' Vice Chairman and Chief Information Officer. "Having someone in the role of Chief People Officer is a tremendous indicator of the high priority we place on people in this organization," states Blanchard. "People make the difference at Synovus and are ultimately responsible for our success. It is important that someone have the responsibility everyday for focusing on ensuring we continue to actively value the worth of every individual."

After graduating from Auburn University in 1991, Alford started her banking career as an assistant branch manager for First Union National Bank of Georgia, and then joined Synovus in 1993 as a senior corporate sales trainer. She led an effort in 1996 to create 'people focused' initiatives that would support individual growth throughout our companies, which resulted in the launch of Synovus' "Personally Developing EveryOne" or PDE program. Synovus' Leadership Institute, Foundations of Leadership and Right Steps performance development programs were born out of PDE under Alford's guidance. She served as vice president and director of the Center for People Development and The Leadership Institute at Synovus from 1998 until 2000. These initiatives gained national acclaim from FORTUNE Magazine. Synovus ranked No. 1 as the "Best Company To Work For in America" in 1999. Synovus has continued to be ranked in the top 10 on Fortune’s list for the last 4 years.

In 1999, Alford received the William B. Turner Humanitarian Award and the Synovus Winners Award, presented at the chairman's discretion, to recognize outstanding achievement. The Girl Scout Council also selected Alford for their Women of Achievement recognition. The selection was based on achievement in her career and community.

Alford has been active with Young Life of Columbus, the Junior League of Columbus, the American Heart Association of Greater Columbus, the Carpenter's Way Ranch and Center for Servant Leadership.

Synovus (NYSE:SNV) is a diversified financial services holding company with more than $19 billion in assets based in Columbus, Ga. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 affiliate banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE:TSS), the world's largest third-party processor of international payments. Synovus is No. 9 on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2003. See Synovus on the Web at www.synovus.com.

CONTACT:

Synovus, Columbus

Media Relations

Aimee Davis, 706/644-0528

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### Press Release #############################################

Sterling Bancorp Announces Record First Quarter 2003 Results

- Noninterest Income Represents 25% of Gross Revenue -

* Earnings Per Share on a Diluted Basis for the Quarter Increased 12% to $0.46 * Net Income Rose 11%, Compared to Same Quarter 2002 * 39th Consecutive Quarter of Year- Over-Year Double-Digit Earnings Growth

NEW YORK, -- Sterling Bancorp (NYSE: STL - News), a financial holding company whose principal subsidiary is Sterling National Bank, announced record earnings for the three months ended March 31, 2003. The results marked Sterling's 39th consecutive quarter of year-over-year, double-digit earnings growth.

Record First Quarter Earnings

Sterling reported net income of $5.8 million for the first quarter of 2003, an 11.0% increase over first quarter 2002 net income. Diluted earnings per share for the quarter increased 12.2% or $0.05 to $0.46, over the first quarter of 2002.

Commenting on the results, Louis J. Cappelli, Chairman and Chief Executive Officer, said, "We are extremely pleased to report that the first quarter of 2003 marked Sterling's 39th consecutive quarter of year- over-year double-digit earnings growth. Our strong financial performance in the quarter was driven by our ability to generate increases in loans and deposits. On average total loans and demand deposits both increased by 13.3% over the same period last year. We also experienced growth in noninterest income, which increased 16.4% over the same quarter in 2002. Return on average tangible equity, on an annualized basis, was 21.7%, up from 20.0% in the same period of 2002. Also contributing to Sterling's record performance was the successful management of funding costs and the effective execution of a cost control program."

"Sterling's broad product offerings coupled with no significant industry concentrations are the key drivers of our success. The uncertainties related to world affairs and the difficult economic environment continues to present challenges. Our ability to generate positive results during these times validates our strategic initiatives to diversify our products and services and to broaden our geographic reach."

Net Interest Income

Net interest income for the quarter increased to $18.8 million from $18.3 million in the same quarter of 2002. The contributors to this increase were the growth of the loan portfolios and control of funding costs.

Sterling's net interest spread, on a tax equivalent basis, increased to 5.11% for the first quarter of 2003, compared to 5.06% in the same quarter of the prior year. The Company's net interest margin, on a tax equivalent basis, was 5.62% for the first quarter 2003, compared to 5.69% in the same quarter of 2002. Sterling's net interest margin remains in the top quartile of bank holding companies with total assets between $1 billion and $3 billion.

For the first quarter of 2003, total loans on average increased 13.3% over the comparable quarter in 2002 to $802.8 million. The average tax-equivalent yield on earning assets was 6.80% for the first quarter of 2003 compared with 7.32% for the same year ago period, reflecting the mix in the various components of the loan portfolio, as well as the mix and shorter average life of the securities portfolio.

The average cost of funds for the first quarter 2003 was 1.69% compared to 2.26% for the same period a year ago. Average interest-bearing deposits and average borrowed funds remained relatively stable for the first quarter at $655.3 million and $267.9 million, respectively.

Demand deposits on average for the first quarter increased 13.3% over the comparable quarter in 2002 to $345.5 million. At March 31, 2003, demand deposits represented 34.0% of total deposits, which places Sterling among banks with the highest ratio of demand to total deposits.

Noninterest Income and Noninterest Expense

Noninterest income for the first quarter of 2003 increased 16.4%, over the comparable quarter of 2002, to $7.5 million. This increase was primarily attributable to higher revenue from mortgage banking, trade finance, service charges on deposit accounts, a bank-owned life insurance program, and gains from the sales of securities. Noninterest income represented 24.8% of gross revenue for the first quarter of 2003.

Noninterest expense for the first quarter 2003 was $14.9 million compared to $14.2 million in the first quarter 2002. Increases in noninterest expense for the quarter were incurred to support continued investments in the franchise, primarily for higher salary and benefit costs, and for expenses related to the placement of trust preferred securities. Partially offsetting increases in noninterest expense were a reduction in fees for various professional services and lower losses on the disposition of assets.

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### Press Release #############################################

AmSouth Reports First Quarter Earnings of $155.4 Million or $0.44 Per Share

BIRMINGHAM, Ala.,) -- AmSouth Bancorporation (NYSE:ASO) reported earnings in the first quarter ended March 31, 2003, of $.44 per diluted share, a 10.0 percent increase from the $.40 per diluted share reported for the first quarter of 2002. Net income for the first quarter of 2003 was $155.4 million versus $145.6 million for the same period in 2002, a 6.7 percent increase.

AmSouth's first quarter performance resulted in a return on average equity of 20.3 percent, a return on average assets of 1.54 percent and an efficiency ratio of 51 percent.

"We continued to deliver solid results and create value even in this difficult environment," said Dowd Ritter, AmSouth's chairman, president and chief executive officer. "In the first quarter we produced solid loan growth with continued strength in commercial middle market and residential mortgages. Total deposits were also higher in the quarter."

"In addition, we continued to see an improvement in credit quality, with net charge-offs declining in both the consumer and commercial loan portfolios," Ritter said.

Net interest income was $363.0 million, while the net interest margin was 4.11 percent.

Average loans for the quarter grew by $2.6 billion, a 10.1 percent increase over the same quarter in 2002, while average deposits were higher by $1.6 billion, or 6.3 percent during the same period, including a 9.2 percent increase in average low-cost deposits.

Noninterest revenue, which includes earnings from service charges, trust, investment management services and other sources of fee income, was $192.9 million for the quarter, an increase of $15.2 million, or 8.6 percent, compared with the same quarter in 2002. Noninterest expenses in the first quarter were $289.6 million, up 1 percent compared with the first quarter of 2002.

Net charge-offs were .62 percent of average net loans in the first quarter, improving from .77 percent in the previous quarter. The loan loss provision for the quarter exceeded charge-offs by $2.4 million. The ratio of loan loss reserves to total loans was 1.39 percent at the end of the first quarter.

Total nonperforming assets at March 31, 2003, were $191.3 million, or .69 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $197.0 million, or .72 percent, in the previous quarter.

About AmSouth

AmSouth is a regional bank holding company with $42 billion in assets, 600 branch banking offices and more than 1,200 ATMs. AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, annuity and mutual fund sales, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.

1-800-AMSOUTH (1-800-267-6884).

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#### Press Release ###########################################

Where in the Leasing World is Don Shadel???

Don Shadel

dhadel@markiiicredit.com

Name = Don Shadel

Address = 1 Smallwood Ct

City = Columbia

State = SC

Zipcode = 29223

Phone = 803 865 0475

Fax = 803 865 0476

Email = dshadel@markiiicredit.com

The above was the last address. He had left Fisher-Anderson as that company

was winding down ( the principals now head Firerock,) but friends have said

he has “disappeared.” editor )

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We Get Letters---and Farewells---

I have enjoyed your newsletter, but am leaving the leasing world and would

like you to take me off your distribution list. Thanks for the great effort

you put into this and best of luck in the future.

David R. Shafer

Senior Manager

Ingram Micro

1610 E. St. Andrew Place

P.O. Box 25125

Santa Ana, CA 92799-5125

Phone (714) 382-1616

FAX (714) 384-1343

david.shafer@ingrammicro.com

----

Please take me off the leasing news report. I am no longer involved with the leasing industry. I commend you on your hard work putting this news

letter together weekly. Good luck in the leasing industry.

Ray K. Renaud

FoxRay1@aol.com

I am no longer in the leasing business.... Actually, I was in computer leasing for a long time, and have been out of it for about 2 years. Was thinking of getting back in a few months ago but took a different path.

I do like the service you provide however.

Tim Joyce

tjoyce@sbcglobal.net

THE LAST OF THE 1999 CHATEAU WOLTNER Chardonnay

This is the best thing you have published YTD!!

Richard Baccaro

rbaccaro@aefllc.com

(Many readers wrote that they ordered the wine, but I guess it depends

on the state where you live that you can order wine to be shipped to you.

editor )

http://two.leasingnews.org/Recommendations/Wine_N_Spirits/pages/shippingwine.htm

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News Briefs---

Factory Output Fell Again in March

http://www.washingtonpost.com/wp-dyn/articles/A33790-2003Apr15.html

French Businesses Say U.S. Boycott Is Hurting Them

http://www.washingtonpost.com/wp-dyn/articles/A33986-2003Apr15.html

Canada Raises Interest Rate on Inflation Concern

http://www.nytimes.com/2003/04/16/business/worldbusiness/16CANA.html

Intel finds possible glitch in new chip/Company cancels market introduction of latest Pentium 4

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/15/BU180732.DTL&type=business

Disney plans to sell Angels to Moreno -- sources

http://biz.yahoo.com/rc/030415/media_disney_1.html

Wireless industry: You switch, you get a new number

http://www.accessatlanta.com/ajc/business/0403/15wireless.html

Small companies too scared to hire

http://www.usatoday.com/money/smallbusiness/2003-04-15-jobs_x.htm

Kosher Wine, Once Sweet and Heavy, Now Dry and Desirable

http://www.nytimes.com/2003/04/16/dining/16KOSH.html

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April 16, 1930 Herbie Mann Birthday

http://www.herbiemannmusic.com/

http://www.jimnewsom.com/HerbieMann.html

Full Moon: Enters phase at 3:36pm, EDT. Passover begins at Sundown.

1813-the first federal government mandated of factory standardization was made with a contract specifying interchangeable parts. The contract was with Colonel Simeon North of Berlin, CT. The contract was for 20,000 pistols at $7 each to be produced within five years. It stipulate that the “component parts of the pistols are to correspond so exactly that any limb or part of one pistol may be fitted to any other pistol of the 20,000”. Colonel North established his pistol factory in 1810 in Saddle Hill, a suburb of Middletown. The factory produced about 10,000 pistols a year.

1861- President Abraham Lincoln made a call for volunteers to serve three months, the day after the surrender of Fort Sumter, South Carolina. His call was for 75,000 volunteers. The first regiment to respond to the call was the Ringgold Light Artillery of Reading ,PA, known as the "First Defenders," commanded by Dr. John Keys. Their first engagement took place on September 24,1861, at Hanging Rocks, West Virginia. When men were not volunteering, a draft was called with a fee if you did not join.. More than eighty-five thousand Americans who were drafted in the war got out of going by paying a $300 commutation fee. Among these were banker J.P. Morgan and Theodore Roosevelt, Sr., father of President Theodore Roosevelt. So many young men with means remained civilians that northern universities were able to enroll about as many students from the North during the war as they had before when students came also from the South. No doubt the people who stayed home later suffered guilt feelings, but the fact is they did stay home. And more than two hundred thousand Americans who joined the Union Army subsequently deserted.( Sherby Foote, The Civil War: A Narrative(1863). 1863- Congress abolished slavery in the District of Columbia. One million dollars was appropriated to compensate owners of freed slaves, and $100,000 was set aside to pay district slaves who wished to emigrate to Haiti, Liberia or any other country outside the US. http://memory.loc.gov/ammem/today/apr16.html

1869-the first Consul who was African-American was Ebenezer Don Carlos Bassett, consul general to Haiti, where he served from this date until November 27,1877.

1900-Birthday of Polly Adler - Russian-born American operator of the most famous New York house of prostitution. After having been raped while working as mill girl in a Brooklyn factory, she had an illegal abortion from the reluctance pregnancy. She then abandoned her orthodox Jewish life and sought the bright lights of show business. Almost accidentally she began procuring women for gangster friends to avoid poverty. She vowed "to be the best goddamn madam in America." With a combination of panache, publicity, and bribery she did so, hosting the sensual pleasures of government officials, actors, business tycoons, and gangsters for several decades.

Arrested a number of times, she served only 24 days in jail (her male clients none) from 1924 to 1943 when she retired and moved to Los Angeles. Even "reformer" Thomas Dewey, the New York city district attorney who parlayed crime into a bid for the presidency was unable to close her down. Her autobiography A House is Not a Home (1952) was an international best seller translated into most languages and it was made into a movie.

http://www.amazon.com/exec/obidos/tg/detail/-/B00005W318/qid=1050478949/sr=1-4/ref=sr_1_4/102-4004073-6965768?v=glance&s=books

1905-birthday of Memphis “Piano” Red, Germantown, TN

1908- Utah. Natural Bridges National Monument was established http://www.americansouthwest.net/utah/natural_bridges/national_monument.html

1911-birthday of pianist Alton Purnell, New Orleans, LA

1919-birthday of Merce Cunningham, dancer, choreographer, born Centralia, WA. http://www.merce.org/

1924 Henry Mancini birthday. Born at Cleveland, OH, Mancini made his mark in Hollywood composing film scores and songs. He won 20 Grammy Awards and four Oscars (song "Moon River" and score for Breakfast at Tiffany's; song "Days of Wine and Roses" for the film; score for Victor/Victoria). He also composed The Pink Panther, "Peter Gunn" and "Mr. Lucky" themes. Died June 14, 1994, at Beverly Hills, CA.

1929- birthday of vocalist Ed Townsend, Fayetteville, TN

http://home.earthlink.net/~drbeetle/OurHistory.htm

http://www.amazon.com/exec/obidos/ASIN/B0000008V0/ref=ase_avsearch-musicasin-20/002-9883931-7701629

1929-Birthday of 1950s pop and rhythm-and-blues singer Roy Hamilton was born in Cleveland. Audiences regularly stormed the stage when he performed his hits, such as "You'll Never Walk Alone" and "Unchained Melody," which was the top r'n'b song of 1955(originally sung by Al Hibbler). Hamilton died of a heart attack on July 20th, 1969.

http://www.oldies.com/artist/index.cfm/id/437.html

1935-birthdy of singer Bobby Vinton, Canonsburg, PA. http://www.bobbyvinton.com/

1937-birthday of vocalist Artie “Blues Boy” White, Vicksburg, MS

1938-Gene Krupa’s first big band debuts at Steel Pier, Atlantic City.

1940-WGN-TV in Chicago televised a baseball game for the first time. Jack Brickhouse did the play-by-play as the White Sox defeated the Cubs, 4-1, in an exhibition game at Wrigley Field.

1940- the first major league no-hitter baseball game on opening day; Bob Feller of the American League Cleveland Indians retired 15 men in a row from the fourth inning to the eighth inning against the Chicago White Sox.

1947-birthday of Lewis Ferdinand Alcindor,Jr., who later changed his name to Kareem Abdul-Jabbar, great basketball play and Hall of Fame center, born New York, NY.

1962---Top Hits

Johnny Angel - Shelley Fabares

Good Luck Charm - Elvis Presley

Slow Twistin’ - Chubby Checker

She’s Got You - Patsy Cline

1970---Top Hits

Let It Be - The Beatles

ABC - The Jackson 5

Spirit in the Sky - Norman Greenbaum

Tennessee Bird Walk - Jack Blanchard & Misty Morgan

1972-Apollo 16: Astronauts John W. Young, Charles M. Duke, Jr and Thomas K. Mattingly II (command module pilot) began an 11-day mission that included 71-hour exploration of moon (Apr 20-23). Landing module (LM) named Orion. Splashdown in Pacific Ocean within a mile of target, Apr 27.

1975-Birthday of Lila Cockrell, became the first woman mayor of San Antonio, and the first woman mayor of a top ten city.

http://www.trilateraltechsummit.com/cockrellBio.htm

1978---Top Hits

Night Fever - Bee Gees

Stayin’ Alive - Bee Gees

Lay Down Sally - Eric Clapton

Someone Loves You Honey - Charley Pride

1978 - St. Louis Cardinals pitcher Bob Forsch pitched a no-hitter beating the Phillies 5-0. His brother, Ken, repeated the feat with the Houston Astros a year later, making them the first brothers to throw major-league no-hitters. Bob tossed a second no-hitter in September, 1983, to set a record for Cardinal pitchers.

1978-at the first US power-lifting championships held in Nasua, NH, Jan Todd, a teacher from Nova Scotia, broke her own world record with a dead lift of 453 ¼ pounds. Cindy Reinhoudt won the award for best lifter after squatting 385 pounds, bench pressing 205 pounds and dead-lifting 385 pounds for a 975-pound total.

1979-the first Coast Guard ship commander who was a woman was Lieutenant(j.g.) Beverly Gwin Kelley, who was appointed to command the 95-foot cutter Cape Newagen, with a crew of 14, based in Maalaea, Maui, HI. Her assignment included search missions, boating safety, antipollution patrols, and law enforcement.

1985 - Mickey Mantle, banned from baseball in 1983 because of his association with an Atlantic City casino, was reinstated on this day. He threw out the first pitch to a standing ovation as the New York Yankees played their home opener against the Chicago White Sox.

1986---Top Hits

Rock Me Amadeus - Falco

Kiss - Prince & The Revolution

Manic Monday - Bangles

She and I – Alabama

1987- twist king Chubby Checker, jazz trumpeter Dizzy Gillespie and conductor Leopold Stokowski were among the first ten inductees of the Philadelphia Music Foundation Hall of Fame. The others honored for making their mark on music in Philadelphia were singers Pearl Bailey, Mario Lanza and Bobby Rydell, jazz saxophonist John Coltrane, rock 'n' roll pioneer Bill Haley and blues singer Bessie Smith.

1996-the Chicago Bulls became the first NBA team to win 80 games in the regular season by defeating the Milwaukee Bucks, 86-90. After this game, Chicago’s record stood at 70-9. The Bulls finished the year at 72-10 and won their fourth NBA title in six years.

Stanley Cup Champions This Date

1939—Boston Bruins

1949 Toronto Maple Leafs

19534 Montreal Canadiens

1954 Detroit Red Wings

1957 Montreal Canadiens

1961 Chicago Blackhawks.

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