London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (January 23, 2004).

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Rates  at 11:00  London  time  Friday  (January 23, 2004)

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             USD      GBP      CAD      EUR           JPY

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O/N        1.03875  3.39578     -     1.85750     0.03125

1 Week     1.08000  3.66875     -     2.07238     0.03250

2 Week     1.08000  3.75000     -     2.07125     0.03500

1 Months   1.10000  3.91203     -     2.07000     0.04000

2 Months   1.11000  4.00000     -     2.07038     0.04438

3 Months   1.12000  4.06656     -     2.07038     0.05250

4 Months   1.13000  4.11563     -     2.07525     0.05500

5 Months   1.15000  4.16500     -     2.08394     0.05625

6 Months   1.17000  4.21734     -     2.08563     0.06438

7 Months   1.19000  4.26250     -     2.09394     0.06638

8 Months   1.21250  4.30531     -     2.10000     0.06838

9 Months   1.24000  4.35125     -     2.10625     0.07788

10 Months  1.27125  4.39125     -     2.11850     0.08238

11 Months  1.31125  4.43219     -     2.13763     0.08438

12 Months  1.35000  4.47500     -     2.15613     0.09013

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