Credit Watch List--4/30/01

Attached is a revised Credit Watch listing as of 4/30/01. Please note that Imperial Sugar Company, Beaumont Methanol Limited Partnership, Terra Industries, Terra International, Terra Nitrogen Corp. (and LP) and Terra Resources were all placed on NO TRADES. Also, AK Steel Corporation, Jonan Gas Marketing and Royster-Clark Inc. are all new additions that require Credit approval.
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Bill Bradford at x3-3831, Russell Diamond at x5-7095, or Brant Reves at x3-9897.