For your information, please find attached a memo from Kimberly Summe,
General Counsel, in reference to the Australian Collateral Opinion.

 <<Australian notification.doc>>

Kimberly Summe
General Counsel
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, NY, 10020-2302
Tel:  (212) 332 1203
Fax: (212) 332 1212
email:  ksumme@isda.org


 - Australian notification.doc