Burton Rosenberg
					Department of Computer Science
					University of Miami
					1365 Memorial Drive
					Coral Gables, FL 33146-4245
					burt@cs.miami.edu

					October 17, 2003

Jon A. Wellner and John Marden
Editors, The Annals of Statistics
University of Washington
Department of Statistics
Box 354322
Seattle, WA 98195--4322


Dear Editors,

Please consider the attached paper, Inferring model parameters
in markets with collars, for publication in The Annals of
Statistics. We have provided a pdf file which includes a title
page with abstract, subject classification and the short running
title of Violatility estimation with collars.
We look forward to your comments.

Sincerely,
Dr. Robert Chen
Dr. Burton Joseph Rosenberg
burt@cs.miami.edu