Folks, Attached is the current progress assessment of NCSX. This material

reflects progress status through January 2003 that you reported against your

jobs.

In short, we're about 2 months behind our original baseline plan (May PDR)

but we're still on track for a June 23rd VV/MCC PDR. (see detailed barcharts

for specific task progress).

The project's cost performance is good. The Cost Performance Index (CPI) =

.96, which translates into accomplishing $96 worth of work for every $100

spent

I've include a summary analysis on page 6 that breaks out the major

variances and critical issues.

Ron