Worldwide Interest Rates

["Richard Chehovin" <galacticfxinternational@xxxxxxxxxxxxxxxx>]

As of December 18, 1998

Duration in Months      1        3          6

USD                          5.56    5.23     5.06
GBP                          6.56    6.37     6.06
DEM                         3.34    3.30     3.23
JPY                           0.52    0.49     0.52
CHF                         1.55     1.51     1.52
ECU                         3.56     3.35     3.26

Respectfully,

Richard Chehovin