CALENDAR

CALENDAR

Calendar of Events FX Week 13/1/97

January 16 -- Last day of trading for week-two currency options on Matif.

January 17 -- Last day of trading for mid-month currency options on Phlx.

January 23-24 -- Conference on the single European currency organized by IBC UK Conferences at Claridge's Hotel; London.

January 27 -- Seminar on using Chicago Mercantile Exchange Eurodollars organized by the CME at London Underwriting Centre.

January 29-30 -- Conference on strategies and processes to manage and

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