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<title>Derivative and Risk Management Training</title>
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  <font color="#ff0000"><span class="257310321-07062001"><font color="#0000ff">
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  </font></span></font><font face="Arial" color="#0000ff" size="5"><strong>Derivatives
  and Risk Management Courses</strong></font>
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    <font face="Arial">in</font>
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    <font face="Arial" color="#0000ff" size="5"><strong>London, Chicago, and
    Houston</strong></font>
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    <font face="Arial" size="4">**December 2001**</font>
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    &nbsp;
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    <font face="Arial" color="#ff0000" size="5">What is an exchange traded
    futures contract?&nbsp; How is it traded?</font>
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    <font face="Arial"><em>&quot;Fundamentals of Energy Futures&quot; has the
    answers.</em></font>
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    <font face="Arial" color="#ff0013" size="5">What is an option?&nbsp; A call?&nbsp;
    A put?&nbsp; How are they traded?</font>
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    <font face="Arial"><em>&quot;Fundamentals of Energy Options&quot; has the
    answers.</em></font>
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    <font face="Arial" color="#ff0013" size="5">How do you maximize hedging
    efficiencies and limit price exposure?</font>
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    <font face="Arial"><em>&quot;Energy Risk Management&quot; has the answers.</em></font>
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    &nbsp;
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    &nbsp;


    <font face="Arial">These interactive workshops provide the answers.&nbsp;
    You'll learn first hand through trading simulations, team exercises,
    quizzes, and end-of-day comprehensive reviews.</font>

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          <p align="center"><font face="arial, tahoma, helvetica"><b><font size="4" color="#FF0000">London, UK<br>
          </font></b><i><font size="3">?<b><font color="#008000">Fundamentals of Energy Futures</font></b></font></i>??~ December 3<br>
          <i><font size="3" color="#008000"><b>Fundamentals of Energy Options</b></font></i>  ~?December 4<br>
          <i><font size="3" color="#008000"><b>?Energy Risk Management</b></font></i>? ~?December 5-6<br>
          <i><font size="3" color="#008000"><b>Introduction to the Petroleum Industry</b></font></i>  ~ December 7<br>
          <a href="http://www.oxfordprinceton.com/ec/">
          Click here</a> for more information.</font></td>
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          <p align="center"><font face="arial, tahoma, helvetica"><b><font size="4" color="#FF0000">Chicago, IL</font></b><br>
          ?<i><font size="3" color="#008000"><b>Front to Back Office: Trading Controls and Best Practices</b></font></i>??~?December 3<br>
          <i><font size="3" color="#008000"><b>Value-at-Risk: the Basics</b></font></i>  ~?December 4<br>
          <a href="http://www.oxfordprinceton.com/ec/">
          Click here</a> for more information.</font></td>
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          <p align="center"><font face="arial, tahoma, helvetica"><b><font size="4" color="#FF0000">Houston, TX?</font></b><br>
          <i><font size="3" color="#008000"><b>Fundamentals of Energy Futures</b></font></i>??~ December 10<br>
          <i><font size="3" color="#008000"><b>Fundamentals of Energy Options </b></font></i>  ~?December 11<br>
          ?<i><font size="3" color="#008000"><b>Energy Risk Management</b></font></i>? ~?December 12-13<br>
          <i><font size="3" color="#008000"><b>Introduction to Emissions Trading: the Environmental Challenge</b></font></i>  ~ December 14<br>
          <a href="http://www.oxfordprinceton.com/ec/">
          Click here</a> for more information.</font></td>
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            <font face="arial, tahoma, helvetica"><a href="http://www.oxfordprinceton.com/ec/">Click
            here</a> for more information on how to register<br>
            for one of these Princeton Energy Programme workshops!</font>
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            &nbsp;
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          <div align="center">
            <font face="Arial" size="2">Brought to you by</font>
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          <div align="center">
            <font face="Perpetua" size="5"><em><strong>The Oxford Princeton
            Programme<br>
            <font face="Perpetua" size="4"><img style="WIDTH: 153px; HEIGHT: 85px" height="157" alt="The Oxford Princeton Programme" hspace="0" src="http://www.oxfordprinceton.com/images/flag2001.jpg" width="272" border="0" NOSEND="1"></font></strong></em></font>
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            <font face="Arial" size="2"><strong>Contact us for additional
            information:</strong></font>
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          <div align="right">
            <font face="Arial" size="2">website:&nbsp; <font color="#0000ff"><a href="http://www.oxfordprinceton.com/ec">www.oxfordprinceton.com/ec</a></font></font>
          </div>
          <div align="right">
            <font face="Arial" size="2">email: <font color="#0000ff"><a href="mailto:wcain@oxfordprinceton.com">wcain@oxfordprinceton.com</a></font></font>
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          <div align="right">
            <font face="Arial" size="2">tel: US (609) 520-9099 ext.132</font>
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          <div align="right">
            <font face="Arial" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UK +44
            1865 250 521</font>
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            &nbsp;
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          <div align="right">
            <font face="Arial" size="2"><em>Princeton Energy Programme </em>is
            the Silver level of <strong><em>&nbsp;</em></strong><font face="Perpetua" size="4"><em><strong>The
            Oxford Princeton Programme</strong></em></font></font>
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