ISDA®

INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

NEWS RELEASE

For Immediate Release Monday, February 12, 2001

For More Information, Please Contact:

Jennifer Iannibelli, Kennedy & Company, (914) 961-2436; Fax (914) 961-2476;

MEDIA ADVISORY: ISDA’s 16^TH ANNUAL GENERAL MEETING

The International Swaps and Derivatives Association is holding its 16^th Annual General Meeting in Washington, D.C. April 3-6, 2001. ISDA’s AGM is the preeminent event of the derivatives and risk management industry and will include leading speakers from the industry and government. Members of the media are invited to attend this members-only event.

WHAT: ISDA’s 16^TH ANNUAL GENERAL MEETING

AGM 2001 will feature discussions on a number of key derivatives and risk management issues, including:

w The influence of e-business on derivatives

w The global market for derivative products

w Derivatives public policy issues

w Risk management and the Basel Capital Accord

Social events include receptions at The Corcoran Gallery of Art, the Library of Congress and the Smithsonian National Air and Space Museum.

WHO: AGM 2001 will showcase industry leaders and key public policy makers such as:

w United States Senator Richard G. Lugar

w Federal Reserve Bank of New York President William J. McDonough

w Peter Hancock

w Enron President and CEO Jeffrey K. Skilling

WHEN: APRIL 3-6, 2001

WHERE: THE OMNI SHOREHAM HOTEL

2500 CALVERT STREET, NW

WASHINGTON, D.C. 20008

ISDA’s Annual General Meeting is an invitation-only event that is open only to Association members. Accredited journalists are invited to attend AGM 2001 and its social events as press guests.

Members of the media planning on attending this invitation-only event, please RSVP to:

Jennifer Iannibelli, Kennedy & Company, 914/961-2436.

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