London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (July 01, 2004).

=========================================================

Rates at 11:00 London time       Thursday (July 01, 2004)

=========================================================

             USD      GBP      CAD      EUR           JPY

---------------------------------------------------------

O/N        1.39875  4.40125     -     2.05438     0.03125

1 Week     1.34625  4.44469     -     2.07000     0.03250

2 Weeks    1.34750  4.52625     -     2.07000     0.03375

1 Month    1.36125  4.60250     -     2.07363     0.03875

2 Months   1.47250  4.72375     -     2.09269     0.04313

3 Months   1.60000  4.82625     -     2.11563     0.05250

4 Months   1.69375  4.90375     -     2.13100     0.05375

5 Months   1.79125  4.96125     -     2.14863     0.05925

6 Months   1.89750  5.01750     -     2.18175     0.06388

7 Months   1.98000  5.05875     -     2.20669     0.06850

8 Months   2.06000  5.10125     -     2.23413     0.07063

9 Months   2.14250  5.14375     -     2.26913     0.07875

10 Months  2.22250  5.17625     -     2.30188     0.08313

11 Months  2.30125  5.21000     -     2.34000     0.08750

12 Months  2.38500  5.24500     -     2.38213     0.09313

=========================================================