London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (January 15, 2004).

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Rates at 11:00  London  time  Thursday (January 15, 2004)

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             USD      GBP      CAD      EUR           JPY

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O/N        1.07000  3.48375     -     1.99625     0.03250

1 Week     1.07125  3.69469     -     2.02638     0.03375

2 Week     1.08000  3.78750     -     2.04438     0.03875

1 Months   1.10000  3.86125     -     2.05988     0.04375

2 Months   1.11000  3.94625     -     2.07125     0.05188

3 Month    1.12000  4.01625     -     2.08000     0.05875

4 Month    1.13000  4.06156     -     2.09138     0.06250

5 Months   1.15000  4.10375     -     2.10038     0.06250

6 Months   1.17000  4.15828     -     2.10788     0.06875

7 Months   1.19000  4.19500     -     2.11913     0.07263

8 Months   1.21000  4.23125     -     2.13025     0.07463

9 Months   1.24000  4.26500     -     2.14738     0.08413

10 Months  1.27000  4.29875     -     2.16625     0.08750

11 Months  1.31000  4.33375     -     2.18388     0.08813

12 Months  1.34875  4.37000     -     2.20150     0.09513

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