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$50,000 level. AUC will try to delay receipt of those funds until the conclusion of INF negotiations in the hopes of receiving a more favorable exchange rate. Ambassador Eilts expressed concern that the IMF negotiations would continue for some time. Dr. Pedersen said that if that were to happen AUC would ask the Embassy to take the money with whatever exchange rate is available in time to get an income flow by next school year. or. Pedersen encouraged the Trustees to write their congresspersons to thank them for voting for AUC's endowment in the fall. 5. Washington Luncheon Plans Ms. Covey explained that AUC will hold a luncheon at noon on May 16 in Washington. The specll~er will be either a prominent Egyptian public figure, possibly Mustafa Khalil, or an AUC faculty member. Arnb. Eilts cautioned that American congresspeople are disillusioned with unrealistic. Egyptian promises of a rosy political and economic future. Hr. Hayes raised the concern that a talk on the Egyptian economy or investment future may not be salient enough to attract many congresspeople. Dr. Ped~rsen explained that the speaker would not be announced until April and that the pre~ence of congressional staff is an important goal of the luncheon as well