CALENDAR

CALENDAR

Calendar of Events FX Week 12/5/97

May 13

-- Demonstration of risk management and back office systems by Risk Management and Back Office Hewlett-Packard and its partners; London.

May 19-20

-- Futures & Options World Derivatives Forum; Kuala Lumpur.

May 20

-- Last day of trading for three-month Pibor options on Matif.

May 20-21

-- Conference on operational and settlement practicalities of the introduction of the euro organized by IIR at the Park Lane Hotel; London.

May 22

-- Last day of trading for

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