H.Thomas Moran II, Receiver

Receiver of Lifetime Capital, Inc.

November 05 2004

416

Investors: Remember all materials in suppport of or opposition to the Receiver’s motion regarding the matured Prudential policies must be filed by Nov. 23rd. If you do not wish to retain counsel but desire to voice your position you can send it to me and I will see that it is filed and copy you on the filing.

On Oct. 26th the Court held a hearing on the motion to show cause why Ernest Bustos should not be held in contempt. The matter is under consideration.

The next hearing is Dec. 2 at which time several motions will be considered. As soon as the agenda is clear I will update you.

I am currently attempting to arrange a meeting of the Receiver, Sterling Trust and me. I am hopeful that will happen before the Dec. 2nd hearing. We will do our best to resolve that situation.

Andrew Storar, Examiner