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        <P ALIGN="center"><FONT FACE="Verdana" SIZE="2"><B>Project Finance Week</B><BR>
        March 11-15, 2002 </FONT><FONT COLOR="#000000"><FONT FACE="Verdana" SIZE="2">?
        Metropolitan Hotel, New York City<BR>
        <A HREF="http://www.pmaconference.com/pfwbro_pma.pdf">Click Here To
        Download A Complete Conference Brochure</A></FONT></FONT></TD>
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      <TD WIDTH="600" COLSPAN="2"><FONT FACE="Verdana" SIZE="2">Infocast?s <B>Project
        Finance Week</B> continues to be rated the best introductory course on
        project finance available to developers, financiers, attorneys, utility
        representatives and vendors. Course #1, Project Finance The Tutorial,
        has been revamped for the new realities of 2002, offering in-depth
        sessions on today?s hottest financing trends, including portfolio
        financing, synthetic leasing, and risk management strategies for
        merchant financing. These in-depth sessions will be enhanced by hearing
        the lessons learned by active participants in many of the top project
        financings of 2001.</FONT></TD>
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      <TD VALIGN="top"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">The
        Contractor?s Perspective On Construction, Completion And Performance
        Risk<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">The
        Role Of Credit Ratings In Project Financed Transactions<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Structuring
        The Project As A Synthetic Lease<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Structuring
        Your Project And Getting Financing In The Post Enron Collapse
        Environment<BR>
     !
   </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Real-World
        Acquisitions And Divestitures Of Distressed Projects</FONT></TD>
      <TD VALIGN="top"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Moving
        From Commercial Agreements To Financeable Contract<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Translating
        And Negotiating The ?Underwriting? Term Sheet<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Completion
        Issues<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Fuel
        &amp; Tariffs<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">The
        Loan Agreement - Locating And Defusing The Land Mines<BR>
        </FONT><FONT FACE="Verd!
ana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">The
        Security Agreements<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Consents
        &amp; Opinions<BR>
        </FONT><FONT FACE="Verdana" SIZE="2" COLOR="#000000">? </FONT><FONT FACE="Verdana" SIZE="2">Review
        Of Additional Issues Common To International Projects</FONT></TD>
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        <P ALIGN="center"><FONT FACE="Verdana" SIZE="2">WORKSHOP #1: 8:00 AM -
        12:00 PM<BR>
        <B>Negotiating and Documenting the Key Project Agreements</B></FONT></P>
        <P ALIGN="center"><FONT FACE="Verdana" SIZE="2">WORKSHOP #2: 1:30 PM -
        5:00 PM<BR>
        <B>Predicting the Price of Power for Asset Valuation in Merchant Power
        Fin!
ancings</B></FONT></TD>
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        <P ALIGN="center"><FONT COLOR="#000000"><FONT FACE="Verdana" SIZE="2"><A HREF="http://www.pmaconference.com/pfwbro_pma.pdf">Click
        Here To Download A Complete Conference Brochure</A></FONT></FONT></TD>
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