ADVISORY/ISDA's 17th Annual General Meeting.

Business Editors

ADVISORY for Tues. (Apr. 16)

--(BUSINESS WIRE)

The International Swaps and Derivatives Association is holding its 17th Annual General Meeting in Berlin, Germany April 16-19, 2002.

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 17TH ANNUAL GENERAL MEETING

          AGM 2002 will feature discussions on a number of key
        derivatives and risk management issues, including:

          --  Global derivatives public policy issues

          --  Derivatives industry business issues

          --  Implementation of the Euro

          --  European emerging markets

          --  Basel Capital Accord Reform

          --  E-trading systems and ISDA technology initiatives

              Social events include receptions at the Museum fur
            Kommunikation, the Gemaldegalerie and the City Hall of
            Berlin.

WHO:        AGM 2002 will showcase industry leaders and key public
            policy makers such as:

          --  Professor Otmar Issing, Member of the Executive Board,
            European Central Bank

          --  Heinrich Linz, Chief Risk Officer, Member of the Board,
            Dresdner Bank AG

WHEN:   APRIL 16-19, 2002

WHERE:  HOTEL INTER-CONTINENTAL
        BUDAPESTER STRASSE 2
        10787 BERLIN, GERMANY

ISDA is the global trade association representing leading participants in the privately negotiated derivatives industry. ISDA was chartered in 1985, and today has more than 550 member institutions from 42 countries on six continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA, including the Annual General Meeting agenda, is available on the Association's web site: www.isda.org.

ISDA's Annual General Meeting is an invitation-only event that is open only to Association members. Accredited journalists are invited to attend AGM 2002 and its social events as press guests. There is no registration fee for journalists.

Members of the media planning on attending this invitation-only event, please RSVP to: Jennifer Iannibelli, Kennedy & Company, 914/961-2436 or [e-mail].