"Chinese Wall" Classroom Training

Chinese Wall training of one hour has been scheduled on the dates listed=20
below. The training is mandatory and allows EWS to continue operating all=
=20
its buisnesses including equity trading without violating the securities la=
ws.

Please register for one of the four one-hour sessions listed below. Each=
=20
session is tailored to a particular commercial group, and it would be=20
preferable if you could attend the session for your group. (Your particula=
r=20
group is the one highlighted in bold on the list below.) However, if you a=
re=20
unable to attend the session for your group, it is preferable that you atte=
nd=20
another session rather than no session at all.

Monday, March 5, 2001, 10:00 a.m. =01) Resource Group
Monday, March 5, 2001, 11:00 a.m. =01) Origination/Business Development
Monday, March 5, 2001, 3:30 p.m. =01) Financial Trading Group
Monday, March 5, 2001, 4:30 p.m. =01) Heads of Tra