CALENDAR

CALENDAR

Calendar of Events FX Week 7/7/97

July 9-11 -- Training course on effectively measuring and monitoring market risk organized by the International Faculty of Finance at the Holiday Inn Mayfair; London.

July 11 -- Last day of trading for mid-month options on Phlx.

July 13-17 -- ACI Australia holds spot simulation course at the Fairmont Resort Leura, Blue Mountains; Australia.

July 15 -- Last day of trading for three-month Pibor options on Matif.

July 17 -- Last day of trading for week-two currency