Hi, find my entries attached. My concept uses the large C and r to create the holder with the small o within to represent the tube itself - the arch on the r and how the r is positioned looks like a peice of towel hanging out of the dispenser. The small o itself is floating within a good bit of white space to suggest it's smaller than standard and the white space actually becomes the paper towel. A few variations on color and sizing of the letters, please let me know if you'd like to see any changes. Thanks. BMF